Minutes of the 74th meeting of Approval Committee
In force — no superseding record on file.
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Minutes of the 74" Approval Committee of Kandla SEZ held on 11" November 2014 at 3.30 p.m. under the Chairmanship of Shri Vijay N. Shewale, ITS, Development Commissioner, SsnnSe ee ee
Following were present:
- Shri B.K. Sharma, Joint Development Commissioner (i/c), KASEZ 2. Shri C.P. Chandani, Supdt. Customs, O/o Commissioner of Customs, Kandla 3. Shri Rahevar, FTDO, on behalf of JDGT, Rajkot. 4. Shri Dilip Kumar, ITO, on behalf of Commissioner, Income Tax.
Absentees
- Director (Banking) 2. Asstt.Collector/SDM 3. GM, DIC, Bhuj
Review/confirmation of Minutes of last UAC meeting.
Minutes of the last Approval Committee Meeting were confirmed.
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74.1 New Proposals
74.1.1 M/s. Kings Spices & Food Products, Mumbai.
The proposal is to set up a unit for manufacture of spices and food products. Shri. Assir Kazi, who claimed to be brother of the proprietor of the said firm, appeared before the committee, without any letter of authority to appear before the Committee on behalf of the Proprietor. The committee observed that proprietor of the firm or his duly authorized representative should appear before the Approval Committee., Therefore, Committee deferred the case with a direction that the Proprietor or his authorized representative carrying an authority letter should appear before the Committee. The applicant firm may be informed accordingly.
74.1.2 M/s. Ashmeer Global, New Delhi.Symphony Ltd., Ahmedabad.
Their proposal is for setting up a unit in Kandla Special Economic Zone for Manufacture of Guthka, Scented Khaini, Flavoured Chewing Tobacco and Pan Masala. Nobody appeared for personal hearing before the Committee. Further no communication is received from the applicant. This shows that the applicant is not keen to set up their project. Committee therefore, decided to reject the proposal. A
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74.1.3 M/s. EsskayNiryatCorporatoin, Mumbai.
Their proposal is for setting up a unit in Kandla Special Economic Zone for manufacturing activity of Pan Masala, Pan Masala with Zarda. The applicant has sent a letter, in which he stated that he could not attend the personal hearing due to certain reasons. The Committee, therefore, decided to defer the case to the next meeting. 74.1.4 Mi/s. Satya Pal Shiv Kumar, Delhi. . Their proposal is for setting up a unit in Kandla Special Economic Zone for Manufacture of Guthka (ITC HS 24039990), Khaini (TC HS 24039930), Zarda (ITC HS 24039910) & Pan Masala (ITC HS 21069020). Shri Anurag Gupta and Shri Ankur Gupta, Partners appeared before the Committee and explained about their proposal. They have established their company in 1960 and their brand names are “Rashmi” and “Mastaba”. They have sufficient fund to establish the project. FOB value of export projected for 5 year period is Rs.12120 lakhs with a NFE of Rs.12120 lakhs. The Committee, therefore, decided to issue LoA in-principle, subject to the following conditions:-
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No DTA sale shall be allowed under any circumstances as DTA sale are not allowed for these products.
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The entire production will be exported ie. 100% physical export of the manufactured goods will be undertaken.
- 3, ‘They will register themselves with NSDL for SEZ online for carrying out import and export transactions in KASEZ.
orted ie. 100% physical export of the manufactured goods will be undertaken.
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3, ‘They will register themselves with NSDL for SEZ online for carrying out import and export transactions in KASEZ.
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4, They will become member of the Export Promotion Council for EOUs & SEZ Units. 5. After issue of in-principle LoA they shall be eligible to participate in the bid for allotment of premises.
M/s. Swayam Corporation, Gandhidham.
Their proposal is for setting up a unit in Kandla Special Economic Zone for Trading/Reprocessing of worn garments used clothing or secondary textile materials and other recyclable material into clippings or rags or industrial wipers or shoddy wool or yarn or blanketse
| @ Shri Dhaval Chellani, Proprietor appeared before the Committee. The proprietor of the firm clarified that they have got space of 25000 sq.mtrs. with their sister unit i.e. Global Warehousing, which can give space on rent to the unit. Further, he also informed that the BoA in its 624 meeting held on 24.07.2014 has approved similar proposal in favour of M/s. Varsha Corporation Ltd., a unit in Arshiya International Limited (FTWZ), Raigadh, Maharashtra and such applicant does not apprehend any difficulty in getting LoA on sole condition that he will do 100% export only and he will do zero percent DTA. The Committee, after due deliberations noticed that this activity, for which the firm applied for LoA, falls under Rule 18(4)(c) of the SEZ Rules 2006, the power to grant LOA for such activity lies with the BoA. The Committee, therefore, decided to refer the case to the BoA for consideration.
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74.1.6 M/s. Gujarat Mariners, Gandhidham:
Their proposal is for setting up a unit in Kandla Special Economic Zone for Trading activity. Shri Dushyant Patel, proprietor appeared before committee and informed that they required approximately area admeasuring 400 sq.mtrs, for their proposal. He also informed that they are already in a process with M/s. Shreeji Impex for transfer of their premises. The Committee therefore, deferred the case and advised him to produce any written evidence/agreement or understanding showing that the other unit holder is willing to give space after following proper procedure for transfer of land/space.
74.1.7 M/s. Hind Prakash P. Ltd., Ahmedabad:
Their proposal is for setting up a unit in Kandla Special Economic Zone for Trading activity. Shri Santosh Nambiar, Director alongwith Shri PareshRawal, who is looking after export logistics of the firm, appeared for personal hearing before the Committee. They explained about their project. The Committee asked them whether they are having space or not, for which they replied in the negative. During the discussions, the Secretary, Kandla SEZ Authority was asked for the availability of the space to which he informed that 8 smaller units in the SDF building having a total area admeasuring 526 sq.mtrs is available. Director of the said firm expressed his willingness to acquire the said premises through the bidding process. As regards the storage of the goods for trading, he informed that for the time being they can use the premises of any other warehousing units for storing their goods for import and export activity and as & when bigger premises is available they will acquire the same. Further with regards to the financial capabilities they informed that their profit for the year 2013-14 is Rs.2.45 crores and for theie
@) they hold the Bank limits from the consortium of banks — Punjab National Bank, IDBI and Syndicate Bank and they can arrange the same without any difficulty. FOB value of exports projected for 5 year period is Rs.28300 lakhs with a NFE of Rs.2550 lakhs. They further stated that all their goods are chemicals in dry or in paste form and not in liquid form.
OB value of exports projected for 5 year period is Rs.28300 lakhs with a NFE of Rs.2550 lakhs. They further stated that all their goods are chemicals in dry or in paste form and not in liquid form.
The Committee, after due deliberations, decided to issue in-principle LoA so that the unit can participate in the bidding/auction process of unsold premises in the SDF complexes. The committee directed them to register themselves with the NSDL for SEZ online and also to obtain membership certificate from Export Promotion Council for EOUs and SEZ Units.
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74.1.8 M/s. GKN Enterprises, Tamil Nadu:
Their proposal is for setting up a unit in Kandla Special Economic Zone for Warehousing and Trading Activity. Shri Sreenivasan N, Proprietor appeared before the Committee. He informed that his space requirement is 3000 sq.mtrs for their project and he does not have his own space. The Secretary, KASEZ Authority also informed that space admeasuring 3000 Sq. Meters is not available at present. The Committee, therefore, decided to reject their proposal due to lack of space and advised them to explore possibility of setting up the unit in nearby SEZ such as Adani Ports & SEZ, Mundra where enough space is available and also having proximity with one of the | largest Ports of the country.
74.1.9 M/s.Viraj Trading & Warehousing Services, Gandhidham.
Their proposal is for setting up a unit in Kandla Special Economic Zone for Warehousing & Trading activity. Shri Mayur Vyas, Proprietor appeared before the Committee and explained about their proposal. He informed that his space requirement is 10000 sq.mtrs for their project and he does not have his own space. The Secretary, KASEZ Authority also informed that space admeasuring 10000 Sq. Meters is not available at present. It was also observed by the Committee that the investment for the proposed project is only Rs.16.60 lakhs against the requirement of huge area of 10,000 sq.mtrs. which shows that the space sought is too large against their investment. As the space to the extent of 10,000 sq.mtrs is not available, the Committee decided to reject the application.
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M/s.Kaynav Shipping Agency Pvt. Ltd., Gandhidham.
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Their proposal is for setting up a unit in Kandla Special Economic Zone for Warehousing Services. Shri Yaman Duneja, Director appeared before the Committee and explained aethe
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proposal. He informed that his space requirement is 4000 sq.mtrs for their project and he does not have his own space. The Secretary, KASEZ Authority also informed that space admeasuring 4000 Sq. Meters is not available at present. It was also observed by the Committee that the investment for the proposed project is only Rs.27 lakhs against the requirement of huge area of 4000 sq.mtrs. which shows that the space sought is too large against their investment. As the space to the extent of 4000 sq.mtrs is not available, the Committee decided to reject the application.
74.111 M/s. Landmark Warehousing & Logistics, Gandhidham.
Their proposal is for setting up a unit in Kandla Special Economic Zone for Warehousing Services. Shri Amit Porwal, representative of the Promoter duly authorized, appeared before the Committee and explained about the proposal. He informed that his space requirement is 6000 sq.mtrs for their project and he does not have his own space. The Secretary, KASEZ also Authority informed that space admeasuring 6000 Sq. Meters is not available at present. It was also observed by the Committee that the investment for the proposed project is only Rs.72 lakhs against the requirement of huge area of 6000 sq.mtrs. which shows that the space sought is too large against their investment. As the space to the extent of 6000 sq.mtrs is not available, the Committee decided to reject the application.
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74.1.12 M/s. Rudraksh Impex, Gandhidham.
Their proposal is for setting up a unit in Kandla Special Economic Zone for Warehousing Services. Shri Rajendra Agarwal, Proprietor appeared before the Committee and explained about the proposal. He informed that his space requirement is 4000 sq.mtrs for their project and he does not have his own space. The Secretary, KASEZ Authority also informed that space’ admeasuring 4000 Sq. Meters is not available at present. It was also observed by the Committee that the investment for the proposed project is only Rs.27 lakhs against the requirement of huge area of 4000 sq.mtrs. which shows that the space sought is too large against their investment. As the space to the extent of 4000 sq.mtrs is not available, the Committee decided to reject the application.
74.1.13 M/s. Kandla Impex Ltd., Gandhidham.
Their proposal is for setting up a unit in Kandla Special Economic Zone for Warehousing Services. Shri Prahlad, Authorized representative appeared before the Committee andia
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about the proposal. He informed that his space requirement is 4000 sq.mtrs for their project and he does not have his own space. The Secretary, KASEZ Authority also informed that space admeasuring 4000 Sq. Meters is not available at present. It was also observed by the Committee that the investment for the proposed project is only Rs.27 lakhs against the requirement of huge area of 4000 sq.mtrs. which shows that the space sought is too large against their investment. As the space to the extent of 4000 sq.mtrs is not available, the Committee decided to reject the _ application.
74.114 M/s. Dhaval Impex, Gandhidham.
Their proposal is for setting up a unit in Kandla Special Economic Zone for Warehousing Services. Shri Jugalkishor F Parihar, Proprietor appeared before the Committee and explained about the proposal. He informed that his space requirement is 4000 sq.mtrs for their project and he does not have his own space. The Secretary, KASEZ Authority also informed that space admeasuring 4000 Sq. Meters is not available at present. It was also observed by the Committee that the investment for the proposed project is only Rs.26.50 lakhs against the requirement of huge area of 4000 sq.mtrs. which shows that the space sought is too large against their investment. As the space to the extent of 4000 sq.mtrs is not available, the Committee decided to. reject the application.
74.115 M/s. Balajee Trading Co., Gandhidham.
Their proposal is for setting up a unit in Kandla Special Economic Zone for Warehousing Services. Shri Yaman Duneja, Director appeared before the Committee and explained about the proposal. He informed that his space requirement is 4500 sq.mtrs for their project and he does not have his own space. The Secretary, KASEZ Authority also informed that space admeasuring 4500 Sq. Meters is not available at present. It was also observed by the Committee that the investment for the proposed project is only Rs.29 lakhs against the requirement of huge area of 4500 sq.mtrs. which shows that the space sought is too large against their investment. As the space to the extent of 4500 sq.mtrs is not available, the Committee decided to reject the application.
74.1.16 M/s. Vaishali International, Gandhidham.
Their proposal is for setting up a unit in Kandla Special Economic Zone for Warehousing Services. Shri Sanjay Kumar Roy, duly authorized by the Proprietor, appeared before the
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Committee and explained about the proposal. He informed that his space requirement is 4000 sq.mtrs for their project and he does not have his own space. The Secretary, KASEZ Authority also informed that space admeasuring 4000 Sq. Meters is not available at present. It was also observed by the Committee that the investment for the proposed project is only Rs.27 lakhs against the requirement of huge area of 4000 sq.mtrs. which shows that the space sought is too large against their investment. As the space to the extent of 4000 sq.mtrs is not available, the Committee decided to reject the application.
T4117 M/s. Abdul Aziz Tayeb & Co, Mumbai.
Their proposal is for setting up a unit in Kandla Special Economic Zone for Warehousing Services. Shri Faizan Coatwala, Authorized representative of the Proprietor, appeared before the Committee and explained about the proposal. He informed that his space requirement is 4000 sq.mtrs for their project and he does not have his own space. The Secretary, KASEZ Authority informed that space admeasuring 4000 Sq. Meters is not available at present. It was also observed by the Committee that the investment for the proposed project is only Rs.27 lakhs against the requirement of huge area of 4000 sq.mtrs. which shows that the space sought is too large against their investment. As the space to the extent of 4000 sq.mtrs is not available, the Committee decided to reject the application. 74.1.18 M/s. S.K. International, Gandhidham:
The proposal is for setting up a manufacturing unit for reconditioning, repairing and reengineering of IT equipment, telecommunication equipment, electrical and electronics home appliances, air conditioning and refrigeration equipment’s tools, and machinery or parts or other items covered under ITC (HS) 84 and 85 from time to time. Mr. Lekhraj Kanungo, Partner appeared before the Committee and explained about the proposal. He informed that they will import these items from the developed countries and after carrying out the manufacturing activities shall be exported to under developed and developing countries. The Committee observed that this activity is covered under Rule 18(4)(d) of the SEZ Rules, 2006.
rrying out the manufacturing activities shall be exported to under developed and developing countries. The Committee observed that this activity is covered under Rule 18(4)(d) of the SEZ Rules, 2006. In terms of the said provisions, the powers for granting LOA is vested with the BOA and accordingly Unit Approval Committee cannot grant LOA for such type of unit. Therefore the Committee advised the DC’s office to refer the application to the BOA for consideration/approval or otherwise.
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74.1.19
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M/s. Transworld Furtihem Pvt. Ltd. Mumbai.
Mr. Lal Advani, Manager, appeared before the Committee and explained their proposal. The proposal is to set up a unit for manufacturing activity of Granulated Fertilizers of any combination of NPK, Granulated Fertilizers of two Chemicals (NP, NK, PK), Granulated[-] Fertilizers with combination of all the three chemical (NPK) (ITC HS Code — 31052000, 31055100, 31055900, 31059010 & 31031000).
The Committee observed that the first project of the firm (M/s.Transworld Furtihem Pvt. Ltd., Unit-D is successfully operating with a positive NFE of Rs.44 crores. However, their second unit (M/s.Transworld Furtihem Pvt. Ltd., Unit-II) could not commence production, for which manager of the firm explained that the products of SSP did not have demand in the international market and hence they could not start production. The Committee also observed that the second unit could not start after taking extension and the LOA is already lapsed, hence letter to this effect may be issued by the DC, KASEZ.
ot start production. The Committee also observed that the second unit could not start after taking extension and the LOA is already lapsed, hence letter to this effect may be issued by the DC, KASEZ. However, considering the good performance of the first unit and genuine reasons for not operating the second unit, the Committee decided to issue fresh LOA for the new unit (Unit-IID for manufacture of Granulated Fertilizers of any combination of NPK, Granulated Fertilizers of two Chemicals (NP, NK, PK), Granulated Fertilizers with combination of all the three chemical (NPK) (TC HS Code — 31052000, 31055100, 31055900, 31059010 & 31031000) subject to condition that manufacturing activity will be started and exports will be commenced within one year from the date of issue of LOA and no further extension will be considered. As regards to the land, the firm is already having space where the unit can be constructed and exports can be commenced. The Committee also directed the applicant to get themselves registered with NSDL for SEZ online.
74.2 Broadbanding request in existing LoA. 74.2.1 M/s. Hwatsi Chemical Pt.Lid. KASEZ. They are an existing unit in KASEZ. Their request is to add following items, in the existing LOA for trading activity (out of which some items are attracting Anti-dumping duty): (ai)ie)ae (S| Seesharin T8280)
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8 28321020 10 lt ecermmoncarmeSEEM —— SERRE Shri Anand Mehta, duly authorized representative of the applicant, appeared before the Committee and explained the proposal. He informed that in the 72™ UAC meeting of KASEZheld on 04.09.2014, it was decided to allow trading of goods attracting anti-dumping duty by the trading units in KASEZ. He also informed that they do not require any additional premises for the same. FOB value of exports projected for 5 year period is Rs.300 lakhs with a NFE of Rs.60 lakhs. The Committee, after due deliberations, decided not to grant approval for Sodium Cynide (Item mentioned at Sr. No. 6) and the rest of the items were approved. The committee also directed to the applicant that wherever the Anti-dumping duty is attracted, they shall maintain separate account and records for such items.
74.2.2 M/s. Om Siddh Vinayak Impex Pvt. Ltd.,.KASEZ.
They are an existing unit in KASEZ. Their request is to add following items in the existing LOA for following value added activities:-
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- i. Rag pulling and garneting of used clothing to make fibre
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Extract fibre and cotton from used clothing.
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Make insulation and padding using used clothing.
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Make non-woven and woven fabric using used clothing.
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Extracting oil, carbon and gases from used clothing.
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Dying & bleaching of used clothing.
Mr. Lal Chand, Director of the unit, appeared before the Committee and explained about the proposal.
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Committee observed that broad banding proposal for processing of worn and used clothing into various manufactured products. Committee was of the view that this activity falls under the ambit of Rule 18(4)(c) of the SEZ Rules, 2006. Committee, therefore, advised the unit holder to approach BOA for including the activities as applied for in the LOA. rd
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74.2.3 M/s.Everest Kanto Cylinders Ltd., KASEZ.
They are an existing unit in KASEZ engaged in manufacturing activity of High Pressure Industrial & CNG Cylinders. Shri Sanjay Naphade, Chief Operating Officer of the unit appeared before the Committee and explained the proposal for including trading activity in their existing LoA by way of broad-banding of following items:
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He stated that the company has enough funds in their reserves for investing in trading activity. The broad banding of above mentioned items for trading activity was approved by the Committee subject to the condition that separate APR will be filed for the trading activity and positive NFE has to be separately achieved for trading activity also. As regards negative NFE in their cylinder manufacturing activity, the committee directed them to try to achieve positive NFE as early as possible before LOA expires in March, 2015.
7.2.4 M/s. Maruti Packaging, KASEZ:
They are an existing unit in KASEZ. Mr. Prakash Jain, Partner appeared before the Committee. He requested for addition of manufacturing activity of following items in their existing LoA:
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----- Start of picture text -----<br> Sr. | Name of Products HS Code<br>No. |<br>a * Guthka 24039990<br>Khaini 24039930<br>24039910<br>4. Pan Masala 21069020<br>| 5. Chewing Tobacco 24039910<br>----- End of picture text -----<br>
Committee observed that the unit is engaged in manufacture of plastic items and they do not have any experience in manufacturing of the tobacco products including Guthka and pan masala, which is an unrelated activity of their existing LOA. Committee has allowed this activity only for units which are having sufficient experience in manufacturing of such kind products and_ having recognized brands in national and international market. The ue
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decided to reject the request of the firm for addition of activity as applied for in the existing LOA.
74.2.5 M/s. Chemical Solutions, KASEZ:
They are an existing unit KASEZ. Mr. Madhur Gupta, Proprietor appeared before the Committee and explained the proposal. He requested for broad banding of Warehousing Service Activity of Chemicals and Solvents in their existing LoP, for which they already have sufficient space of 5000 sq.ft. in their premises. He also requested for addition of trading activity for following items:-
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The Committee considered the proposal and decided to approve the warehousing service activity only for Chemicals & Solvents and additional items for trading activity as applied by the firm as the firm is already having their premises for operating these activities. No second hand goods shall be allowed.
74.2.6 M/s. Oswal Tradex, KASEZ:
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They are an existing unit in KASEZ. Their request is for broad banding of their existing LOA for services to be rendered as per Rule 18(6) of the SEZ Rules, 2006 and also amendment to condition No.3 of their LOA. Mr. Mukesh Parekh, Partner appeared before the Committee and explained about their proposal.
The Committee, after due deliberation, noticed that large number of applications arecoming for warehousing and trading for importing second hand worn and used clothing and other second hand materials based on the decision of BOA in the case of M/s. Varsha Corporation, which was decided in 62 meeting of the BOA held on 24.7.2014 at Sr.No.62.9(ix). Committee, therefore, decided to seek clarification from the DoC/BoA that as to whether the condition of 100% export of imported used and second hand clothing and other second materials should be allowed by the UAC and as to whether such exports are envisaged to be physical erg of
the country or exports as defined in section 2(m) of the SEZ Act, 2005. Therefore, committee deferred the proposal of the applicant till the matter is clarified by DoC. |
74.2.7 M/s. Vishwas Enterprises, KASEZ.
They are an existing unit in KASEZ. Mr. Devidas Vachhani, Proprietor appeared before the Committee and explained about their proposal. The proposal is for broad banding of their LOA for warehousing of second hand goods viz. worn and used clothing for export.
The Committee observed that the decision taken in the matter of M/s. Oswal Trades as recorded in 74.2.6 above holds good here also.
74.2.8 M/s.Meghmani Organics Ltd., KASEZ:
They are an existing unit in KASEZ. Mr. Vivek Milak, their Authorized representative, appeared before the Committee. The Committee approved their request subject to providing a copy of judgement of Hon’ble High Court of Kerala in the case of Maliakkal Industry Enterprises (supra), as quoted in the judgement of Hon’ble CESTAT.
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74.2.9 M/s. Ashwin Warehousing, KASEZ:
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They are existing unit in KASEZ. The proposal is for amending the condition No.3 of their existing LOA for warehousing of second hand goods viz. worn and used clothing for export. Nobody turned up for hearing before the Committee. The Committee, therefore, decided. to reject their request.
74.2.10 M/s.Unique Warehousing & Allied Services, KASEZ:
They are existing unit in KASEZ. Mr. RajendraOza, Proprietor appeared before the Committee and explained their proposal. Their request is to review Condition No.2 & 4 of their existing LOA. The Committee reviewed the condition No.2 and approved that they can warehouse the used clothing of the existing units in the Zone subject to the condition that they shall let out the premises only to one unit at a given point of time.
Regarding condition No.4 it was decided to seek guidance from the DoC, New Delhi. Therefore, committee deffered the proposal of the applicant for amendment of condition No. 4 of their LoA till the matter is clarified by DoC ae
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74.211 M/s. One World, KASEZ:
They are an existing unit in the Zone. Mr. Harmeet Singh, Proprietor of the firm appeared before the Committee and explained about their proposal. intend to provide the warehousing service as per Rule 76 of the SEZ Rules, 2006. The said unit also informed that some of buyers have approached them to provide the warehousing services as per Rule 18(5) of SEZ Rules, 2006.
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It was decided to seek clarification from the DoC, New Delhi. Therefore, committee deferred the proposal of the applicant for warehousing services as per Rule 18(5) of SEZ Rules, 2006.
Moreover, the committee also observed that the applicant has not given any proposal as to how he wants to operate under 18(6) of SEZ Rules, 2006. For their authorized operation which type of capital goods he wants to install and what they wanted to manufacture on behalf of. overseas buyer. Therefore, the proposal as per Rule 18(6) of SEZ Rules, 2006 was rejected by the Committee.
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74,2,12 M/s. Easy Warehousing, KASEZ:
They are an existing unit in the Zone Shri Hardeep Uppal, representative of the firm, appeared before the Committee for explained about their proposal.. He explained that they want to provide warehousing services under Rule 18(5). They will be holding import consignment at their premises and the same will be dispatched after segregation starting from grading and repacking. It was observed by the Committee that this activities are covered under Rule 18(4)(c) of the SEZ Rules and not under Rule 18(5) of the SEZ Rules, 2006. Therefore, the Committee advised the applicant to approach BOA for such permission. .
Moreover, the committee also observed that the applicant has not given any proposal as to how he wants to operate under 18(6) of SEZ Rules, 2006. For their authorized operation which type of capital goods he wants to install and what they wanted to manufacture on behalf of overseas buyer. Therefore, the proposal as per Rule 18(6) of SEZ Rules, 2006 was rejected by the Committee.
74.3 Miscellaneous:
74.3.1 M/s. Renew Plastics, KASEZ:
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They are an existing unit in KASEZ. Shri Ramanlal C. Rawal, partner of the said unit appeared before the Committee. Their request is for change in the partnership of the firm, as under:-
|1|Shri|Rohit|C|Shah|12.50%||| |---|---|---|---|---|---|---|
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The Committee observed that 70% of the stake is acquired by new partners; the Committee approved the change in partnership subject to the firm paying new lease rent from the date of the UAC i.e. 11/11/2014.
74.3.2 M/s.Euro Trousers Mfg. Co.PZE), KASEZ.
They are existing unit in KASEZ. Shri. Umesh Sadhnani, representative of the unit appeared before the Committee and explained the case. Their request is for change of constitution of the firm from Proprietorship to Private Limited in the name and style of “M/s. Euro Trousers Manufacturing Private Ltd”. Committee noted that the incoming Director is having only 1% share and therefore new lease rent is not applicable in this case and hence, approved the proposal.
74.3.3 M/s. Capital Foods Exports Pvt.Ltd.,
KASEZ.
They are existing unit in KASEZ. Shri. Deepak, Plant Manager alongwith their authorized signatory Mr.Vivek Milak appeared before the Committee and explained about the proposal. The proposal is for change of constitution of the company, appointment of new Directors and FDI investment. The Committee approved the change of constitution of the company from “M/s. Capital Foods Exports Private Limited” to “M/s. Capital Foods Private Limited”. The Committee also approved the change of Directors. Regarding, FDI, the Committee decided to refer the case to: the BOA for approval as investment by FDI route is exceeding 51% of the total share holdings. The meeting ended with thanks to ail. We | e
We | e (Vijay N. Shewile) Development Commissioner Kandla Special Economic Zone.
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