Minutes of the 118th meeting of Approval Committee

: Minutes of the 118t Unit Approval Committee Meeting of Kandla SEZ held on 06.09.2017 at 11:30 hrs. under the Chairmanship of Shri Upendra Vasishth, Development Commissioner, Kandla Special Economic Zone.

Following were present:

1. Shri. Rajesh Kumar : Jt. Development Commissioner(i/c), KASEZ.

2.: Shri. S. C. Sahoo : Assistant Commissioner, Customs, Kandla, Gandhidham-Representative of Commissioner of Customs Kandla.

3. Shri. V. P. Colaco : Income Tax Officer, Income tax OfficeRepresentative of Additional Commissioner of Income Tax.

Absentees:-

1. Director (Banking)

2. SDM

3. DIC

==> picture [2 x 1] intentionally omitted <==

----- Start of picture text -----<br> :<br>----- End of picture text -----<br>

4. DGFT

5. GPCB

of Review/Confirmation of the minutes of last meeting (117th UAC) the Approval Committee: -

Minutes of the last meeting of Approval Committee was confirmed.

at

. Minutes of the 118t Unit Approval Committee Meeting of Kandla SEZ held on 06.09.2017 at 11:30 hrs. under the Chairmanship of Shri Upendra Vasishth, Development Commissioner, Kandla Special Economic Zone.

118.1 MISCELLANEOUS ITEMS ~ SASS SEISUELLANEOUS ITEMS AGENDA ITEM NO. 118.1.1 =k SSE NYU. L15.1.1 ProjectMonitoring of the performance of M/s Integrated Warehousing, Kandla Development Pvt. Ltd. as Co-Developer. the M/s Integrated Warehousing Kandla Project Development Pyt. Ltd., Co-Developer has submitted their Quarterly Return for the period from April to June 2017. the In the said Quarterly return they had intimated that they had made following Progress in implementation of project and in the allotted processing area: -

(a) Land filling & levelling in progress in Sub Plot No. 23-27

• (b) Permanent Electric Connection received on 01-05-2017

• (c) NOC issued to M/s Scope Logistics Services (I) P. Ltd for setting upa unit in FTWZ.

• (d) Approvals for construction of Warehouse No. 01 was granted.

Shri Kartik Nair, Project Engineer of the company appeared before the Approval Committee and informed about the progress made by the codeveloper.

During the discussion on the quarterly report submitted by the codeveloper it was noticed that the report was found to be incorrect as it was reported that the co-developer had imported/procured certain items in June’ 2017 which has not been reflected in the quarterly report. Further, it was also noted that they have mentioned only an area of 57.79 Acre as processing area out of 69.55 Acre of total area allotted to them. It was also informed that the O/o. Development Commissioner has not demarcated any area as Non-Processing Area in this part of the Zone which is allotted to ee

Minutes of the 118 Unit Approval Committee Meeting of Kandla SEZ held on 06.09.2017 at 11:30 hrs. under the Chairmanship of Shri Upendra Vasishth, Development Commissioner, Kandla Special Economic Zone.

SR Nore casas. a Se IWKPDPL. Therefore, the representative of the co-developer was also asked to correct these facts in their quarterly report.

It was further pointed that they had committed in 100th UAC meeting held on 23.08.2016 to make development of FTWZ in three phases. The Chairman asked for update on that and Shri Kartik informed that they had spent only Rs. 6 crores on infrastructure whereas they had committed for development of infrastructure for Rs. 36 crores in three phases. Therefore, the representative of co-developer was asked to give a complete details of the infrastructure developed, reasons for their failure in keeping up with commitment and their plan for further progress.

AGENDA ITEM NO. 118.1.2 BotiokRequest o Gk ee ee their of M/s Zip Zap Exim Pvt. Ltd., KASEZ for Broad Banding of LoA for addition of additional trading items and inclusion of warehousing service activity.

Nobody appeared for the personal hearing. Hence, it was decided to defer the proposal.

SMAGENDAAVA ITEMPLEM NO.NO. 118.1.3118.1.3 Request of M/s. Rudraksh Plastics Pvt. Ltd., KASEZ for change in Directors and change in shareholding pattern of the company.

M/s. Rudraksh Plastics Pvt. Ltd., KASEZ is engaged in the manufacturing activity of all types of Plastic Bags, Household Items and Plastic Granules/ shredding, Grindings, Pieces, Crushing, Sheets, Extruded and Moulded Articles in terms of LoA No. KASEZ/IA/1679/97/5926 dated 15.10.1997 as amended/extended from time to time. Their LoA is valid upto ail E2018: Shri The unit have submitted intimation for change of directors whereby Nemichand Sharma has retired from the company and Shri Babulal K.

ok

Minutes of the 118 Unit Approval Committee Meeting of Kandla SEZ held on 06.09.2017 at 11:30 hrs. under the Chairmanship of Shri Upendra Vasishth, Development Commissioner, Kandla Special Economic Zone.

NR a oc eee Goyal has been appointed as new director and also change in shareholding pattern of the company.

Shri Rajendra Agarwal, Director of the company appeared before the Approval Committee and informed that there were 2 Directors viz. Shri Rajendra Agarwal and Shri Nemichand Sharma having 5000 shares each. Thereafter Shri Babulal Goyal was appointed as Director and right issue shares of 5,000 were allotted to him. Thus, all the Directors were having 33% share holding each and hence after resignation of Shri Nemichand Sharma from Directorship there is no majority change.

The Committee noted that the details of present Directors and shareholding patterns of the company are as under:-

|Sr. |Name ofthe<br>No. |Shareholders<br>Ol. |ShriRajendra<br>Agarwal, Director|No. of<br>Present | Earlier,<br>shares<br>Share-<br>Share-<br>held<br>holding | holding<br>presently |pattern_|<br>pattern | <br>6,05,000 | 98.38%<br>33.33%|Changes<br>in share<br>holding<br> pattern<br>65.05%|
|---|---|---|
|O02. |ShriBabulal K.<br>Goyal, Director|5,000<br>0.81%<br>33.33%|“32,0246|
|03. |ShriNemichand<br>Sharma|500<br>0.08% | 33.33%||-33.95%|
|04. |M/s. Harsh<br>Commodities P. Ltd.|4,500<br>0.73%<br>New|0.73%|
|eeao<br>aa|||

The Board of Approval in its 69th meeting for SEZ held on 23.02.2016 clarified that the UACs concerned, may consider change in shareholding up to SO per cent, change of constitution from Public Limited Company to private limited liability company & vice versa, company to partnership & vice versa etc. under Rule 19(2) of SEZ Rules.

4

Minutes of the 118t Unit Approval Committee Meeting of Kandla SEZ held on 06.09.2017 at 11:30 hrs. under the Chairmanship of Shri Upendra Vasishth, Development Commissioner, Kandla Special Economic Zone.

antec smpsceaeeS Therefore, the Approval Committee after due deliberation noted that the change in shareholding pattern is above 50% and decided to refer the matter to BoA. AGENDA ITEM NO. 118.1.4 Request of M/s Apex Lubricant, KASEZ for Broad Banding of their LoA for addition of items under the warehousing service activity. M/s Apex Lubricant is an approved unit of KASEZ vide LoA No. KASEZ/IA/08/2009-10 dated 10.06.2009, as amended, for trading activity of Grease, Lubricants and Marine Cleaning Chemical. The LoA of the unit was broad-banded for warehousing service activity for Ship Machineries and Paints vide letter dated 15.04.2016. The unit has commenced their authorized operation of trading activity from 19.09.2011.

The unit has now requested for Broad Banding of their LoA for addition of following items in their existing warehousing service activity: -

==> picture [384 x 157] intentionally omitted <==

----- Start of picture text -----<br> No.a re nes: I|et<br>Code P<br>Mari Policy<br>1. Chemical dG f<br>ering bemuca an ases for 34029019 Free<br>Ship supplies<br>Marine Paints for ship supplies 32089029<br>Ship Machineries and Parts 85030010<br>4. Testies ing and Weldingi Equipments1 90278090 Free<br>Allfor consumablesship supplies for ship supplies | 85030010 ;<br>----- End of picture text -----<br>

Shri Ashish Jain, Director of the company appeared before the Approval Committee and informed that they are already having permission for warehousing for ship machineries and paints and now they want addition of items in their existing warehousing permission.

5

Minutes of the 118th Unit Approval Committee Meeting of Kandla SEZ held on 06.09.2017 at 11:30 hrs. under the Chairmanship of Shri Upendra Vasishth, Development Commissioner, Kandla Special Economic Zone.

ln The Approval Committee after due deliberation approved their proposal for addition of above items in their warehousing services subject to standard terms and conditions and permission for above items may be issued on the basis of item description as nomenclature in the ITC (HS) Code.

The meeting ended with vote of thanks of the chair.

(UPENDRA VASISHTH) Development Commissioner

6