IN FORCE SEZ / EOU / FTWZ undated

Minutes of the 153rd meeting of Approval Committee

Document text

Minutes of the 1534 Unit Approval Committee Meeting of Kandla SEZ held on 10.02.2020 at 11:30 hrs. under the Chairmanship of Dr. Amiya Chandra, Development Commissioner, Kandla Special Economic Zone.

SS

Following were present:

1.	Shri.	DipakZala	: Deputy Development Commissioner,
			KASEZ.
2.	Shri.	SanjayKumar	: JointCommissioner ofIncome Tax,
			Gandhidham.
3.	Shri.	A. K. Moria	: Assistant Commissioner, Customs, Kandla,<br>Gandhidham-Representative of
			Commissioner ofCustoms Kandla.
4.	Shri.	KanakP.Der	:GeneralManager,DIC,Bhuj.

Absentees:-

Director (Banking)
SDM
DGFT

of Review/Confirmation of the minutes of last meeting (152"4 UAC) the Approval Committee: -

Minutes of the last meeting of Approval Committee was confirmed.

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Minutes of the 153 Unit Approval Committee Meeting of Kandla SEZ held on 10.02.2020 at 11:30 hrs. under the Chairmanship of Dr. Amiya Chandra, Development Commissioner, Kandla Special Economic Zone.

eeeee See 153.1 NEW UNIT APPLICATION

AGENDA ITEM NO. 153.1.1 Application for setting up of a unit in KASEZ namely M/s. Tokyo Plast International Limited (Unit-II) having its registered office at Plot No. 8363/1 (1,2, 3), Shree Ganesh Industrial Estate, Kachigaum Road, Daman (UT), Daman & Diu.

A proposal was submitted by M/s. Tokyo Plast International Limited, Daman for setting up a unit in Kandla SEZ for manufacturing activity (UnitII).

Shri Arun Hajare, Plant Head and Shri Jignesh Lad, Accountant of the company appeared before the Approval Committee and explained their proposal. Shri Jignesh stated that they are already in the same line of business for the last 11 years and now they intend to set up a new unit as Unit-II in KASEZ for manufacturing of Thermoware Water Jugs (Coolers) and Ice Boxes. He further stated that export from their existing unit in KASEZ is currently around Rs. 30-35 crores. In their proposal they intend to invest Rs. 17 crores out of which Promoter’s contribution will be Rs. 7 crores. However, the representatives of the applicant were unable to justify the source for such kind of investment.

with The Committee after due deliberation decided to defer the proposal the direction to the applicant to submit details of financial strength.

AGENDA ITEM NO. 153.1.2

Application for setting up of a unit in KASEZ namely M/s. Samyak Computers, LG-8, Royal Gold Building, Y. N. Road, Indore, Madhya Pradesh - 452 001.

A proposal was submitted by M/s. Samyak Computers, Indore, Madhya Pradesh for setting up a unit in Kandla SEZ for manufacturing activity. before Shri Anand Mehta, authorised representative of the firm appeared stated the Approval Committee and explained their proposal. Shri Mehta and that they intend to set up a manufacturing unit in KASEZ for repair re-furbishing/reconditioning and re-engineering of used electronics goods. He further stated that the promoter of the firm is having 10 years experience in the IT field and they will invest Rs. 11.50 lakhs in the proposed project.

The Committee noted that the applicant has requested for manufacturing activity for repair and re-furbishing/ re-conditioning and reengineering of following items: -

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Minutes of the 1534 Unit Approval Committee Meeting of Kandla SEZ held on 10.02.2020 at 11:30 hrs. under the Chairmanship of Dr. Amiya Chandra, Development Commissioner, Kandla Special Economic Zone.

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||||Printing machinery used for printing|||
|---|---|---|---|---|---|
||||by means<br>of<br>plates,<br>cylinders<br>and|||
||||other printing components of heading|||
|OL.|||8442,<br>other __printers,<br>copying | 84431100<br>machines<br>and<br>facsimile<br>machines,<br>to|||
||||whether or not combined, parts and||84439990|||
||||accessories thereof.|||
||||All items covered under the ITC HS|||
||||Code 8443|||
||||Automatic data processing machines|||
||||and units thereof, magnetic or optical|||
||||readers,<br>machines<br>for<br>transcribing|||
||||data on to data media in coded form]|84713010||
|02.|||)/and<br>machines<br>for<br>processing<br>such|to||
||||data,<br>not<br>elsewhere<br>specified<br>or||847190000||
||||included,|||
||||All items covered under the ITC HS|||
||||Code 8471|||
||||Other<br>office machines<br>(for example,|||
|03|'||Wrapping|hectograph<br>or<br>stencil<br>duplicating<br>machines,<br>addressing<br>machines,<br>automatic bank note dispensers, coin<br>sorting machines,<br>coin counting or<br>Wrapping machines, pencil sharpening<br>machines,<br>perforating<br>or<br>stapling|84721000<br>ie<br>84729099||
||||machine).|||
||||All items covered under the ITC HS|||
||||Code 8472|||
||||Parts<br>and<br>accessories<br>(other<br>than|||
|04.|||with|covers,<br>carrying cases and the<br>like)<br>suitable for use solely or principally| 84732100<br>with machines of headings 8470 to<br>to<br>8472.<br>84735000|||
||||All items covered under the ITC HS|||
||||Code8473|||

The Approval Committee after due deliberation decided to approve the proposal of manufacturing activity for repair and_re-furbishing/reconditioning and re-engineering of above items subject to standard terms and conditions and also subject to the condition that exports shall have one to one correlation with imports and all the reconditioned or repaired or reengineered products and scrap or remnants or waste shall be exported and none of these goods shall be allowed to be sold in the Domestic Tariff Area or

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Minutes of the 153 Unit Approval Committee Meeting of Kandla SEZ held on 10.02.2020 at 11:30 hrs. under the Chairmanship of Dr. Amiya Chandra, Development Commissioner, Kandla Special Economic Zone.

2 destroyed as per Rule 18(4)(d) second proviso of SEZ Rules, 2006. Further, the items will be subjected to the Policy Conditions specified in DGFT’s ITC HS Code wherever applicable.

AGENDA ITEM NO. 153.1.3

Application for setting up of a unit in KASEZ namely M/s. Gulf Marine having its registered office at BBZ S 9-10, Railway Station Road, Main Market, Gandhidham-370201.

A proposal was submitted by M/s. Gulf Marine, Gandhidham for setting up a unit in Kandla SEZ for trading activity.

Nobody appeared before the Committee to explain their proposal. Therefore, the Approval Committee decided to defer the proposal in the next UAC meeting.

AGENDA ITEM NO, 153.1.4

Application for setting up of a unit in KASEZ namely M/s. B.V.C. Logistics Pvt. Ltd. having its head office at 1102, Building No. 11, Solitaire Corporate Park, Chakala, Andheri (East), Mumbai-400 093. for A proposal was submitted by M/s. B.V.C. Logistics Pvt. Ltd., Mumbai setting up a unit in Kandla SEZ for warehousing service activity at FTWZ developed by M/s Kandla Free Trade Warehousing Private Limited in KASEZ.,

the Shri Rajesh Neelakanta, ED & CEO of the company appeared before Approval Committee and explained their proposal. Shri Neelakanta Stated that they have submitted required details as discussed in the earlier UAC meeting. He further stated that they will warehouse the goods on behalf of overseas client and supply to nominated agency like MMTC, Banks. The Committee noted that the applicant has not submitted any documentary proof of supplier’s agreement with any of the nominated agcncy by the RBI and also layout plan of Class AA given by the applicant is not as per the RBI guidelines,

Therefore, the Committee after due deliberation decided to defer the proposal with the direction to the applicant to submit layout plan as per RBI guidelines, documentary proof of supplier’s agreement with nominated agency(s), etc. in the next meeting to enable the Committee to consider their proposal.

Minutes of the 1534 Unit Approval Committee Meeting of Kandla SEZ held on 10.02.2020 at 11:30 hrs. under the Chairmanship of Dr. Amiya Chandra, Development Commissioner, Kandla Special Economic Zone.

153.2 REQUEST FOR BROADBANDING

AGENDA ITEM NO. 153.2.1 Modification/broad banding of the LOA - Request of M/s IFGL Refractories Limited, Plot No. 638-644, KASEZ. M/s IFGL Refractories Limited, KASEZ is an approved unit for Manufacturing & Service of Refractories (shaped/unshaped), Equipment, Application, repairs and maintenance of Refractories and Equipment” and trading activity of Refractories, Castables Refractory cements, mortars, concrete and similar compositions, other than products of heading 3801 and accessories for use along with above items. Now the unit has requested for broad-banding of their LoA for manufacturing activity and trading activity for following items: -

Manufacturing Activity

Description	ITC H8 Code
Refractory Castables & Mortars	3816
Refractory bricks & Shapes	6902
RefractoryBricks&Shapes	6815

Trading Activity

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----- Start of picture text ----- Sr. No. Item ids te (HS) Code Refractory bricks & Shapes 6902 | Refractory Bricks & Shapes 6815 ----- End of picture text -----

Shri Kamal Sarda, CFO of the company appeared before the Approval Committee and explained their proposal.

The Committee was given undertaking by the firm that the unit will procure the traded items from DTA market only and will not import the above items.

The Approval Committee after due deliberation decided to approve the broad-banding of manufacturing activity and trading activity of above items in their existing LoA subject to the unit furnishing a declaration that the above items are not hazardous or require environmental clearance for

Minutes of the 153d Unit Approval Committee Meeting of Kandla SEZ held on 10.02.2020 at 11:30 hrs. under the Chairmanship of Dr. Amiya Chandra, Development Commissioner, Kandla Special Economic Zone.

EEE storage/transmission/handling. They were advised to obtain the GPCB clearance/Ministry of Environment clearance prior to procurement of any hazardous item, in case the item(s) procured from DTA fall in that category. It was also noted that the firm is manufacturing some of the items proposed to be procured from DTA as well, for which they had taken GPCB clearance.

AGENDA ITEM NO. 153.2.2 Permission for Addition of new items for warehousing service activity — Request of M/s, Sequel Logistics Pvt. Ltd., KASEZ. M/s Sequel Logistics Pvt. Ltd., KASEZ is an approved unit for warehousing service activity of Silver Unwrought or in Semi Manufactured Form or in Powder Form (ITC HS 7106 9100). by Now the said unit has submitted that as per the recent changes made the Finance (No. 2) Bill, 2019 in Customs Tariff Act, 1975, the ITC (HS) Codes are substituted and specified codes for Silver Bars & Silver Grains (Granules) are notified separately.

The Committee noted that the UAC has already approved their warehousing service activity of Silver Unwrought or in Semi Manufactured Form or in Powder Form. Now, the ITC HS of the approved item for warehousing has been deleted as per Finance (No. 2) Act, 2019 and following two new ITC HS codes has been introduced as per DGFT’s Notification No, 38 dated 01.01.2020: - Sr.No. Description Of Goods ITC HS Code Grains (Silver Granules) 7106 9110 Silver Bar 7106 9220

The Approval Committee after due deliberation decided to take on record such changes made by the Finance (No, 2) Bill, 2019 in Customs Tariff Act, 1975 and amend the unit’s LoA to such extent. However, the warehousing of above items will be subjected to the Policy Conditions specified in DGFT’s ITC HS Code.

AGENDA ITEM NO, 153.2.3 Request of M/s Keval Export, KASEZ for Broad-banding of Trading activity in their existing LoA for Manufacturing activity. M/s Keval Export, KASEZ is an approved unit for manufacturing activity of Micro Crystalline Cellulose Powder and Wheat Starch. : oa ae

Minutes of the 153m Unit Approval Committee Meeting of Kandla SEZ held on 10.02.2020 at 11:30 hrs. under the Chairmanship of Dr. Amiya Chandra, Development Commissioner, Kandla Special Economic Zone.

ere ee eee Now the said unit has requested for broad-banding of their LoA for trading activity for following items: -

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||||||||||
|---|---|---|---|---|---|---|---|---|
|Sl.|
|No.|Item|ITC|(HS)|Code|
|29157090|
|Cross|Carmellose|Sodium|28051100|||
|Distilled|or|conductivity|water|28539010|
|Sodium|starch|glycolate|3505|1090|
|Maize|starch|11081200|
|6|| Dicalcium|phosphate|28352610|
|||87||||TriPurified calciumTalephosphate|2|835526|2|6900|0|

----- End of picture text -----

Shri Naman Patel, Unit Head of the firm appeared before the Approval Committee and explained their proposal.

The Committee noted that the unit will procure the above items from DTA market and the same will be supplied on intra-zone basis/exported. However, the Committee also noted that the unit has not submitted any concrete plan to execute such transaction and have not submitted any list of prospective clients (within KASEZ).

The Committee after due deliberation decided to defer their proposal for trading activity till the next meeting with a direction to furnish specific items they intend to supply on intra-zone basis and comfort letter from the existing KASEZ units who are interested in purchasing the said items. Besides, the Committee also directed the unit representative to bifurcate the items they intend to export from the items they intend to supply on intrazone basis.

AGENDA ITEM NO, 153.2.4

Request of M/s Hazcl Mercantile Limited, KASEZ for Broad Banding of their LoA for inclusion of 01 trading item.

M/s. Hazel Mercantile Ltd., KASEZ is an approved unit for manufacturing activity of Paper & Allied Products (Sorting-Cutting-SlittingSizing-Trimming-Packing), Ceramics & Table Ware (Sorting-WashingCleaning-Checking-Spotting-Packing) and Pharmaceuticals (PackingExport), Export of Software and also for Trading Activity.

Now the said unit has requested for broad-banding of their LoA for trading activity for following item: -

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Minutes of the 1534 Unit Approval Committee Meeting of Kandla SEZ held on 10.02.2020 at 11:30 hrs. under the Chairmanship of Dr. Amiya Chandra, Development Commissioner, Kandla Special Economic Zone.

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----- Start of picture text ----- OO Sl. No Item ITC (HS) Code | 1 | Fabric of natural and man-made fibres 52121200 ----- End of picture text -----

Shri Mayank Parekh, CEO-IT of the company appeared before the Approval Committee and explained their proposal. He stated that they intend to add one more item in their LOA for trading activity and further stated that the item will be procured from DTA and no import component will be there and the same will be exported.

The Approval Committee after due deliberation decided to approve the proposal for trading activity of above item subject to standard terms and conditions.

AGENDA ITEM NO. 153.2.5 Permission for broad banding of trading activity - Request of M/s. Venith International Energy Solutions Pvt. Ltd., KASEZ. M/s. Venith International Energy Solutions Pvt. Ltd., KASEZ is an approved unit with LoA No. 11/2019-20 dated 16.10.2019, for trading & warehousing service activity subject to certain terms and conditions enumerated in the aforesaid Letter of Approval.

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----- Start of picture text ----- Now the said unit has requested for Broad banding of authorized operations by addition of new items in trading activity in their LoA: Description Of Goods ITC HS Code 29141100 29023000 non Dichloromethane (Methylene Chloride) | 29031200 i eho MelaminePhenol _ a 29 336071 1 01 0 ----- End of picture text -----

before Shri Kiran Nair, authorised representative of the company appeared the Approval Committee and explained their proposal.

The Committee asked the applicant whether the above proposed items are hazardous or otherwise. The representative of the company was not aware and hence was unable to explain the issue.

The Approval Committee after due deliberation decided to defer the proposal till the next UAC meeting with the direction to the unit to ask the technical representative to appear before the Committee to explain their proposal. , Og

Minutes of the 1534 Unit Approval Committee Meeting of Kandla SEZ held on 10.02.2020 at 11:30 hrs. under the Chairmanship of Dr. Amiya Chandra, Development Commissioner, Kandla Special Economic Zone.

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153.3 MISCELLANEOUS ITEMS

AGENDA ITEM NO. 153.3.1 Permission for Enhancement of capacity of Production - Request of M/s. Pon Pure Chemical India Pvt. Ltd., KASEZ.

M/s Pon Pure Chemical India Pvt. Ltd., KASEZ is an approved unit for Repacking of Chemicals & Solvents falling in Chapter 27, 28 & 29 of the Customs Tariff vide LoA dated 06.05.2005, as amended.

15000NowMTs theto 50000said unitMTs.has requested for enhancement of capacity from

before Shri V. Jeyakumar, Dy. Manager Operation of the company appeared the Approval Committee and explained their proposal. Shri Jeyakumar stated that their export volumes are increasing day by day owing to quality of the product at competitive prices and hence they propose to increase their annual capacity from existing 15000 MTs to 50000 MTs in their existing LoA. The Committee asked the unit to furnish the existing capacity and the proposed capacity for each item.

The Approval Committee after due deliberation decided to defer their proposal with direction to the unit to furnish the existing and proposed capacity for each item. AGENDA ITEM NO. 153.3.2 Intimation for change in Limited Liability Partnership of M/s Pandokhar Food LLP, KASEZ

M/s. Pandokhar Food LLP, KASEZ is an approved unit for manufacturing activity of Guthka, Khaini, Zarda, Pan Masala, Chewing : Tobacco, etc. vide Letter of Approval F.No. KASEZ/IA/ 20/2018-19/10601 dated 26.12.2018, as amended. and Now the said unit has intimated regarding incoming of new partners change of partners of the firm and submitted copy of Supplementary Agreement dated 24.12.2019 to the LLP Agreement. The Committee noted that before change in the Limited Liability Partnership, the share of profit & loss of the firm was as below:

Name of the Partners Share in Profit /Loss

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Minutes of the 1534 Unit Approval Committee Meeting of Kandla SEZ held on 10.02.2020 at 11:30 hrs. under the Chairmanship of Dr. Amiya Chandra, Development Commissioner, Kandla Special Economic Zone.

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After admission of one partner as per Supplementary Agreement dated 24.12.2019 to Limited Liability Partnership, the details of partners along with their profit and loss ratio were as under:

|Sl.<br>No.|Name ofPartners<br>Previous, |At<br>profit and| present,<br>loss ratio | profit and|Change in<br>%|
|---|---|---|
|1<br>?|loss ratio<br>Shri Prakash Premchand<br>50%<br>48%<br> at oe<br>|<br>Shri Premchand Harumal<br>Kaknani|(-)O2%<br>ee She|
|Partner<br>[era<br>ae<br>|100<br>oa|||

The unit further submitted that one partner has resigned and one new partner has joined as per Supplementary Agreement dated 04.01.2020, the details of partners along with their profit and loss ratio were as under:

|Sl.<br>No.<br>a|Name ofPartners|Previous, |At<br>Change<br>profit and| present,<br>in%<br>Sse<br>loss ratio|
|---|---|---|
||Kaknani||
||Shri Premchand Harumal<br>Kaknani|(-)50%|
||03. | ShriJitendra C. Badlani <br>04. |Shri Sanjeev Kumar Batra<br>eamimaccaaioe:..||[02% [02%<br>[|<br>-— |<br>New<br>80%<br>(+)80%<br>Rai<br>ck|

and The unit has further submitted that finally one partner has resigned one new partner has joined as per Supplementary Agreement dated 21.01.2020, the details of partners along with their profit and loss ratio were as under:

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----- Start of picture text ----- Sl. |Name of Partners Previous, | At Change No. profit and | present, | in % ‘ OQ - ----- End of picture text -----

Minutes of the 153 Unit Approval Committee Meeting of Kandla SEZ held on 10.02.2020 at 11:30 hrs. under the Chairmanship of Dr. Amiya Chandra, Development Commissioner, Kandla Special Economic Zone.

Eames EE———— loss ratio | profit and loss ratio Ol. | Shri Prakash Premchand 18% 15% (-)03% Kaknani Shri Jitendra C. Badlani_ | 02% [| -- | (02% _| 04. Shri Sanjeev Kumar Batra | 80% | 80% | - | | Shri Vikram Narain Kaul New 05% (+)05% Partner 100% 100% The Committee noted that Department of Commerce vide Instruction No. 89 dated 17.05.2018 had issued guidelines regarding change in shareholding pattern, name change pertaining to SEZ units wherein change of name, change of shareholding pattern, etc. may be undertaken with the prior approval of Approval Committee in respect of units. the The Committee further noted that the change in share in profit/loss of firm is below 85%. Therefore, the Approval Committee after due deliberation decided to approve and take on record the proposal of change in profit/loss sharing ratio of the firm as above subject to following conditions: 1. Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for the altered unit entity. 2. Fulfilment of all eligibility criteria applicable to unit, including security clearances etc. by the altered unit entity and its constituents.

Applicability of and compliance with all Revenue/Company Affairs / SEBI etc. rules which regulate issues like capital gains, equity change, transfer, taxability etc.
Full financial details relating to change in equity/merger, demerger, amalgamation or transfer in ownership etc. shall be furnished immediately to Member (IT), CBDT, Department of Revenue and to the Jurisdictional Authority.

S. The Assessing Officer shall have the right to assess the taxability of the gain/loss arising out of the transfer of equity or merger, demerger, amalgamation, transfer and ownerships etc as may be applicable and eligibility for deduction under relevant sections of the Income Tax Act, 1961.
6, The applicant shall comply with relevant State Government laws, including those relating to lease of land, as applicable.

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Minutes of the 153rd Unit Approval Committee Meeting of Kandla SEZ held on 10.02.2020 at 11:30 hrs. under the Chairmanship of Dr. Amiya Chandra, Development Commissioner, Kandla Special Economic Zone.

——————————

The unit shall furnish details of PAN and jurisdictional assessing officer of the unit to CBDT.

AGENDA ITEM NO. 153.3.3 Intimation for change in constitution of M/s Vimal Trading, KASEZ from Proprietorship to Partnership.

M/s Vimal Trading, KASEZ is an approved unit for warehousing service activity vide LoA dated 25.01.2017, as amended.

Now the said unit has submitted the ‘Deed of Partnership’ dated 03.07.2019 informing change in constitution of the unit from Proprietorship to Partnership. The Committee noted that earlier Shri Vijay Mukund Udaysingh HUF was the Proprietor of the unit.

deed After change of Proprietorship to Partnership firm as per partnership loss ratiodatedare03.07.2019,as under:the details of partners along with their profit and

			Share in
Sr.	No.	Name ofthe Partners	profit and
			loss ratio
		Shri Vijay Mukund Udaysingh (HUF
		Shri Mahesh Raghunandan Yadav
		ShriNarendraBhanwarlalNimbawat

The Committee noted that Department of Commerce vide Instruction No. 89 dated 17.05.2018 had issued guidelines regarding change in shareholding pattern, name change pertaining to SEZ units wherein change of name, change of shareholding pattern, etc. may be undertaken with the prior approval of Approval Committee in respect of units.

the The Committee further noted that the change in share in profit/loss of firm is to the extent of 90%. Therefore, the Approval Committee after due
deliberation decided to approve and take on record the proposal of change in profit/loss sharing ratio of the firm as above subject to following conditions: 1. Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for the altered unit entity.
1. Fulfilment of all eligibility criteria applicable to unit, including security clearances etc. by the altered unit entity and its constituents.

Minutes of the 153" Unit Approval Committee Meeting of Kandla SEZ held on 10.02.2020 at 11:30 hrs. under the Chairmanship of Dr. Amiya Chandra, Development Commissioner, Kandla Special Economic Zone.

SSS SSS 3. Applicability of and compliance with all Revenue/Company Affairs / SEBI etc. rules which regulate issues like capital gains, equity change, transfer, taxability etc.
1. Full financial details relating to change in equity/ merger, demerger, amalgamation or transfer in ownership etc. shall be furnished immediately to Member (IT), CBDT, Department of Revenue and to the Jurisdictional Authority.
- S. The Assessing Officer shall have the right to assess the taxability of the gain/loss arising out of the transfer of equity or merger, demerger, amalgamation, transfer and ownerships etc as may be applicable and eligibility for deduction under relevant sections of the Income Tax Act, 1961.
1. The applicant shall comply with relevant State Government laws, including those relating to lease of land, as applicable.
2. The unit shall furnish details of PAN and jurisdictional assessing officer of the unit to CBDT.

AGENDA ITEM NO. 153.3.4 Intimation for change in name of M/s. Vifor Laboratories Pvt. Ltd., KASEZ to M/s. PNJT Realty Pvt. Ltd.

M/s. Vifor Laboratories Pvt. Ltd., KASEZ is an approved unit for manufacturing activity vide LoA dated 13.01.1989, as amended. from Now the said unit has intimated regarding change in name of the unit They M/s. Vifor Laboratories Pvt. Ltd. to M/s. PNJT Realty Pvt. Ltd. the have further submitted that there is no change in the constitution of company and the board of Directors and Management of the company remains the same and also submitted self-attested copies of Certificate of Incorporation pursuant to change of name dated 10.01.2020, Board resolution dated 12.12.2019 and details of directors. The Committee noted that Department of Commerce vide Instruction No. 89 dated 17.05.2018 has issued guidelines regarding change in shareholding pattern, name change pertaining to SEZ units wherein change of name, change of shareholding pattern, etc. may be undertaken with the prior approval of Approval Committee in respect of units.

Therefore, the Approval Committee after due deliberation decided to approve and take on record the proposal of change in the name of the company from “Vifor Laboratories Pvt. Ltd.” to “PNJT Realty Pvt. Ltd.” as above subject to following conditions: -

Minutes of the 153 Unit Approval Committee Meeting of Kandla SEZ held on 10.02.2020 at 11:30 hrs. under the Chairmanship of Dr. Amiya Chandra, Development Commissioner, Kandla Special Economic Zone.

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EEE a :£::,:,::,,:,-,,:- _ ——————— 1. Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for the altered unit entity.

Fulfillment of all eligibility criteria applicable to unit, including security clearances etc. by the altered unit entity and its constituents.
Applicability of and compliance with all Revenue/Company Affairs/ SEBI etc. rules which regulate issues like capital gains, equity change, transfer, taxability etc.
Full financial details relating to change in equity/merger, demerger, amalgamation or transfer in ownership etc. shall be furnished immediately to Member (IT), CBDT, Department of Revenue and to the Jurisdictional Authority.

S. The Assessing Officer shall have the right to assess the taxability of the gain/loss arising out of the transfer of equity or merger, demerger, amalgamation, transfer and ownerships etc as may be applicable and eligibility for deduction under relevant sections of the Income Tax Act, 1961.

The applicant shall comply with relevant State Government laws, including those relating to lease of land, as applicable.
The unit shall furnish details of PAN and jurisdictional assessing officer of the unit to CBDT.

AGENDA ITEM NO. 153.3.5

Permission to warehouse goods on behalf of DTA client - Request of M/s. Commodities Trading (SEZ Warehousing Division), KASEZ.

The Committee noted that M/s. Commodities Trading (SEZ Warehousing Division) requested for permission to warehouse goods on behalf of DTA client and submitted list of 12 items to be warehoused in KASEZ along with KYC of clients. The Committee after due deliberation decided to take on records the items to be warehoused by the above unit on behalf of DTA client as submitted by the unit subject to the condition that none of the items which are restricted or prohibited will be allowed to be warehoused and any restrictions on import/export of any items will apply. Further, the items will be subjected to the Policy Conditions specified in DGFT’s ITC HS Code wherever applicable. Further, this approval will be subject to the conditions that the items falling under Chapter 72 & 73 will be subject to compulsory registration under Steel Import Monitoring System (SIMS).

Minutes of the 153 Unit Approval Committee Meeting of Kandla SEZ held on 10.02.2020 at 11:30 hrs. under the Chairmanship of Dr. Amiya Chandra, Development Commissioner, Kandla Special Economic Zone.

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TABLE AGENDA ITEM NO. 153.4.1

Application for setting up of a unit in KASEZ namely M/s. Voltrix Inc. having its registered office at 302, Copper Annexe, Bedi Bandar Road, Opp. Stans School 3, Patel Colony, Jamnagar.

A proposal was submitted by M/s. Voltrix Inc., Jamnagar for setting up a unit in Kandla SEZ for manufacturing activity and trading activity.

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----- Start of picture text ----- Shri Narendrasinh Zala, Partner of the firm appeared before the Approval Committee and explained their proposal. Shri Zala stated that they intend to set up a unit in KASEZ for manufacturing of M S Steel Barrels and also for trading activity of various chemical items. He further stated that they are already supplying their products to M/s. Essar Oil & M/s. Kutch Chemicals and their turnover of their group firms is Rs. 55 crores. The Committee noted that the applicant has requested for manufacturing and trading of following items: - Manufacturing Activity Coe 6Item ITC-HS MS Steel Barrels 73101090 Trading Activity eens ITC-HS Code Le) a ll le ea Methylene Chloride 29031200 29141100 | eo Butyl Acrylate Monomer 291 4261 2 01 0 eee: | 8 | Styrene Monomer ——i|_29025000 Be pay Vinyl Acetate Monomer 29153200 Ee aa 27075000 ----- End of picture text -----

Trading Activity

The Approval Committee after due deliberation decided to approve the proposal of manufacturing activity and trading activity as above subject to _ standard terms and conditions. The above permission is also subject to

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Minutes of the 153 Unit Approval Committee Meeting of Kandla SEZ held on 10.02.2020 at 11:30 hrs. under the Chairmanship of Dr. Amiya Chandra, Development Commissioner, Kandla Special Economic Zone.

URIEIpmeemeiemeeemnsccceen een eens e e e condition that the unit shall maintain separate accounts for manufacturing and trading activity and earmark separate space for both the activities. Further, none of the items which are restricted or prohibited will be allowed to be traded and any restrictions on import/export of any items will apply. Further, the items will be subjected to the Policy Conditions specified in DGFT’s ITC HS Code wherever applicable. Further, this approval will be also subject to the condition that the items falling under Chapter 72 & 73 will be subject to compulsory registration under Steel Import Monitoring System (SIMS). Further, they will not procure the traded items till the GPCB clearance/Ministry of Environment clearance has been obtained in respect of the said items.

TABLE AGENDA ITEM NO. 153.4.2

Permission for broad banding of trading activity - Request of M/s. Laxmi Impex, KASEZ.

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----- Start of picture text ----- M/s. Laxmi Impex, KASEZ is an approved unit vide LoA dated 31.10.2002 for manufacturing & trading activity, as amended subject to certain terms and conditions enumerated in the aforesaid Letter of Approval. Now the said unit has requested for Broad banding of authorized operations by addition of new items in trading activity in their LoA: TE1 [miniFood preparationsoroennot elsewhere [carne — gale 21069020 Pan Masala 2 24039910 Chewing Tobacco/Jarda Scented 24039930 Tobacco/Cut Tobacco/Other Tobacco 24039970 24039990 | 3 |ae| 08023100ee 5 Sunflower seed, Safflower or Cotton Seed Oil And Fractions Thereof, whether or 15121110 not refined, but not chemically modified - Sunflower Seed or Safflower oil and =” Cp ----- End of picture text -----

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Minutes of the 1534 Unit Approval Committee Meeting of Kandla SEZ held on 10.02.2020 at 11:30 hrs. under the Chairmanship of Dr. Amiya Chandra, Development Commissioner, Kandla Special Economic Zone.

— fractions thereof: Crude Oil: Sunflower Seed Oil | Hydrochloric Acid 28061000 Ls ae The Approval Committee after due deliberation decided to approve the proposal for trading activity of above items subject to standard terms and conditions. Further, none of the items which are restricted or prohibited will be allowed to be traded and any restrictions on import/export of any items will apply. Further, the items will be subjected to the Policy Conditions specified in DGFT’s ITC HS Code wherever applicable. Further, they will not procure the traded items till relevant GPCB clearance/Ministry of Environment clearance has been obtained in respect of the said items,

TABLE AGENDA ITEM NO. 153.4.3

Rectification in the proposal of M/s Exim Warehousing, KASEZ Approved in 145th UAC meeting.

The Committee noted that nobody appeared before the Committee to explain their proposal and the issue is technical in nature. As such, the Committee decided to defer the proposal till next UAC meeting and call the representative of the unit to appear before the UAC to explain the technical issue involved.

The meeting ended with vote of thanks of the chair.

(Dr. Amiya Chandra) Development Commissioner

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