Minutes of the 85th meeting of Approval Committee

Minutes of the 85t Approval Committee meeting held on 07-09-2015 at 11:00 hrs. under the Chairmanship of Shri Upendra Vasishth, Development Commissioner, KASEZ.

Following were present:

1. Shri. Sudesh Kumar : Joint Development Commissioner(I/c), KASEZ.

2. Shri. Ram Narain : Deputy Commissioner, Customs, Rep. of Commissioner of Customs, Kandla.

3. Shri. R. G. Khairkar : Foreign Trade Development Officer, Rep. of DGFT.

4. Shri. Dilip Kumar

• : Income Tax Officer, Rep. of Jt. Comm. of Income — Tax, Gandhidham.

Absentees :

1. Director (Banking)

2. SDM

3. GM, DIG, Bhuj

Review/Confirmation of the minutes of last meeting (84 UAC) of the Approval Committee:-

Minutes of the last meeting of Approval Committee was confirmed.

85.1.1 : M/s Chahat Trading, Gandhidam -

The proposal is for setting up a unit in KASEZ for trading activity of the following items:

[SI.No. [Product Cs ATC code All types of Packing Material _| 48191010 Stationary Items 82055990 85437000 [6 |BeveragesAllFoodand typesofoils | 2 710106 1 211000 8547 1000 Shri.Vipin Kumar Manocha, partner of the proposed trading unit appeared before the committee and explained about their proposal. He informed that they are already into business of trading of used wipers and they procure the material from KASEZ units. He was not able to satisfactorily explain his gross annual income from his existent business of wipers, his proposed business model, wa eit projections.

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. Minutes of the 85th Approval Committee meeting held on 07-09-2015 at 11:00 hrs. under the Chairmanship of Shri Upendra Vasishth, Development Commissioner, KASEZ.

The committee found that they have not done any survey of buyers for his trading products and found that the project proposal is flimsy and hence rejected. 85.2: MONITORING OF ANNUAL PERFORMANCE REPORT OF UNITRADE WORLD

The Annual performance of M/s. Unitrade World, KASEZ, for the Financial Year 2009-10 to 2014-15, was placed before the UAC. The Committee observed that APR’s submitted by the unit for the second five years block period i.e . from 200910 to 2014-15 are “NIL”. Thus the unit has not achieved positive NFE and accordingly they have contravened the provisions of Rule 53 of the SEZ Rules, 2006 and conditions as mentioned in their Letter of Approval renewed from time to time.

The Committee has directed to the D.C. office to initiate action under the said unit under the F.T (D&R) Act 1992 for non achievement of positive NFE for the year 2009-10 to 20 14-15. 85.3. RATIFICATION OF REQUESTS ALREADY APPROVED ON FILES

As per decision taken during the 83" Unit Approval Committee meeting of KASEZ, held on 30-06-2015 that broadbanding request and change of constitution, change of name etc. should be decided on file by the D.C, KASEZ, and may be put up before the next meeting of the Approval Committee for ratification, Accordingly following four cases are put up before the UAC for ratification, as same were approved on file, by the D.C, KASEZ

up before the next meeting of the Approval Committee for ratification, Accordingly following four cases are put up before the UAC for ratification, as same were approved on file, by the D.C, KASEZ

|Name ofthe<br>Request<br>Se <br>1.<br>M/sEsskay<br>14-08-2015<br>Niryat<br>Corporation|Name ofthe<br>Request<br>Se <br>1.<br>M/sEsskay<br>14-08-2015<br>Niryat<br>Corporation|Name ofthe<br>Request<br>Se <br>1.<br>M/sEsskay<br>14-08-2015<br>Niryat<br>Corporation|Request made | Request<br> =e<br>file<br>1. Request for<br>17-08-2015<br>addition ofnew<br>partners.<br>2.<br>Conversion|Request made | Request<br> =e<br>file<br>1. Request for<br>17-08-2015<br>addition ofnew<br>partners.<br>2.<br>Conversion|
|---|---|---|---|---|
||||ofProprietorship||
||||firm into||
||||Partnership firm||
||Engineering<br>Private Limited|arid 19-03=<br> |2015|ofadditional<br>item for<br>manufacturing||
||||activi||

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Minutes of the 85t Approval Committee meeting held on 07-09-2015 at 11:00 hrs. under the Chairmanship of Shri Upendra Vasishth, Development Commissioner, KASEZ.

==> picture [433 x 122] intentionally omitted <==

----- Start of picture text -----<br> firm from<br>Proprietorship<br>firm into<br>Partnership firm<br>4 M/s Texool 20-08-2015 Change of 03-09-2015<br>Wastesavers entrepreneur .<br>from M/s Texool<br>Wastsaver to<br>Lotus Recyclers<br>----- End of picture text -----<br>

After due deliberation, the Approval Committee ratified/approved above mentioned four cases for respective decisions.

The meeting ended with vote of thanks of the chair.

icture text -----**<br>

After due deliberation, the Approval Committee ratified/approved above mentioned four cases for respective decisions.

The meeting ended with vote of thanks of the chair.

(Upendra Vashisht)

Development Commissioner Kandla Special Economic Zone

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