07/03/2018 पर NSEZ के अनुमोदन समिति की बैठक का कार्यवृत्त

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o Noida Specia! Economic Zone [Minutes of Meeting of Approval Committee of Nolda SEz held on 07l03l20,.8l Paee I of 16 Minutes of meeting of the Approval Committee of Noida SEZ held under the Chairmanship of Dr. L.B. Singhal. Develonment Commissioner (DC), Nqida SEZ at 11:30 AM oh 07103/2018 in the conference Hall ofNsEz. The following members of the Approval Committee were present during the meeting:- 1l Shri S.S. Shukla, f L Development Commissioner, NSEZ. 2) Shri Rajesh Sharma, Asstt. Commissioner, Customs, Noida Commissionerate. 3) Ms. Sandhya Maurya, Income Tax Officer, Income Tax Deptt., Noida. 4) Shri Amit Kumar, DIC, Noida (Rep. ofPrincipal Secretary Industry Govt. ofUP.). 5) Shri Mukesh Goyal, Associate Architect, [Rep. of Noida Authority). 2. Besides, during the meeting S/Shri (i) .R K. Srivastava, Dy. Development Commissioner, NSEZ, (iD Rajesh Kumar, Dy. Development Commissioner, NSEZ (iii) Sunil Kumar Sharma, Supdt., NSEZ Customs, (iv) Prakash Chand Upadhyay, Asstt. Development Commissioner, NSEZ, (v) Rajendra Mohan Kashyap, PA to fDC, NSEZ, (vi) Rahul Pandey, SD0, UPPCL/ Noida, (vii) Kapil Muni, JE, UPPCL, Noida and (viiD I. P. Maurya, AEE, UPPCB, Noida were also present to assist the Approval Committee. 3. At the outset, DC, NSEZ welcomed the participants. After brief introduction, each items included in the agenda were taken up for deliberation one by one. After detailed deliberations as well as interaction with the applicants / representatives of the units, the following decisions were taken:- (D Ratilication of Minutes of last meeting of the Annroval Committee held on It was informed that no reference against the decisions of the Approval Committee held on 03/Ol/20L8 was received. It was further informed that during previous meeting'in case of M/s. India Exports, Approval Committee had decided that DTA sale of trading items shall be allowed only up to LSo/o of FOB Value of export during preceding year. However, in,the minutes of the meeting it was inadvertently mentioned as "DTA sale shall be allowbd bnly up to 15% of FOB Value of export during preceding year". It was further informed that letter to the unit has been issued subject to condition that DTA sale of trading items shall be allowed only up to 150/o of FOB Value of'export during preceding year. The Approval Committee took note of the same and Minutes of the meeting held on oz/02/2ot}wereratifiedfdrtl, lA4 C4techcr' #4/

o Noida Special Economic Zone (Mlnutes of Meeting of ApprovalCommlttee of Noida sEz held or 07l03lm,3l Item wise decisions on proposals included in agenda: Pase 2 of 16 Proposal of M/s, FIRSTIDEA for setting up a unit in NSEZ. It was informed to the Approval Committee that the applicant has proposed to set up a unit in NSEZ to undertake service activities viz. (i) Advertising Agency Services, (ii) Market Research Agency Services, (iii) Business Support Services, (iv) Information Technolory Software Services, (vJ Service of Promotion or marketing of brand of goods/ services/ events and (vi) Management or Business Consultant Services with projected exports of Rs. 3900 Lakhs and NFE earnings worth Rs. 3825 Lakhs over a period of five years. Shri Arjun Prakash, proprietor of the firm appeared before the Approval Committee. Shri Prakash informed that they are into providing payment gateway service since last three years which is a merchant service provided by an e-commence service provider that authorizes credit card or direct payments processing for e-business, online retailers. He further stated that they are promoting the business for Firstidea Solutions Inc., USA for "Web services, e-check processing, online ,payment processin& payment gateway, software support etc.". He further stated that they also provide software support solutions for issues related to computers, laptops, smartphones etc. The'Approval Committee observed that the applicant has shown requirement of built up area of 1'00 sq. mtrs. The Approval Committee informed the applicant that no premise with this size is available in the zone. It was also informed that there are SDFs of about 500 sq. mtrs. available in NSEZ. Shri Prakash stated t.llat they will take one sDF and will try to expand the business accordingly. The Approval committee desired to know as to how with the merely 5 persons and in 500 sq. mtrs export turnover of Rs.3900 Lakhs has been prolected. Shri Prakash informed that throughout the day they receive merely 10-15 queries per day and to respond to these queries 5 persons are enough. The Approval committee directed the applicant to submit a write-up on financials of the DTA unit and cipbrations proposed to be undertaken by them. The Approval Committee, after due deliberations, approved the proposal of M/s.

(Mlnutes of MeetlnS of Approval Commlttee of Nolda SEZ held onO O3l2OlAl Paee 3 of 16 FIRSTIDEA for setting up a unit in NSEZ for IT/ITES service activities viz. (i) Advertising Agenry Services, (ii) Market Research Agenry Services, (iii) Business Support Services, [iv) Information Technolory Software Services, (v) Service of Promotion or marketing of brand ofgoods/ services/ events and (vi) Management or Business Consultant Services. 2. Proposal in respect of M/s. C & B Aromas LLP for lnclusion of additional authorized operations in LOA. It was informed to the Approval Committee that M/s. C & B Aromas LLP has been issued an LOA dated 13/04/2016 for Manufacturing of (i) EAU DE Pertume, EAU DE Toilette, Perfume Body Spray, Room freshener, (ii) Perfume Gift set contain Perfume, Fragrance 'and other items related thereto. The unit has commenced its export production w.e.f. L7/04/20L7 and LOA is valid till l0/04/2022. rl It was iriformed to the Approval Committee that the unit has submitted a proposal for inclusion of Manufacturing of Perfume Compounds and Perfume Ingredients in its authorized operations. It was further informed that the said proposal was also placed before the Approval Committee in its previous meeting held on 07 102/20L8. As no one from the unit appeared, the Approval Committee deferred the proposal for its next meeting. The unit vide this office letter dated26/02/2018 was requested to submit reply to this office letter dated t0/0L/2018 and also to ensure presence before the Approval Committee in its next meeting scheduled to be held at 11:30 AM on'07m March 2018. Reply of the unit is still awaited. Shri Ram Upadhyay appeared before the Approval Committee on behalf of the unit. He informed,that authorization letter in his favour has already been submitted in this office. However, it was observed that only Mr. Yash Dubey, partner has been authorized by other partners and there is no record in file for authorization ofShri Ram Upadhyay. The Approval Committee took serious note of misrepresentation compliance by the unit in the matter. of facts and non-- its next meeting and directed to and to ensure their presence in send The Approval Committee deferred the matter letter to all t}le partners to explain complete meeting. for facts

o (Mlnutes of Meeting of Approval Commlttee of Nolda SEZ held on 07l03l2ol8l Paee 4 ofl6 Proposal in respect of M/s. Naimex for Inclusion of additional authorized operations in LOA. It was informed to the Approval Committee that M/s. Naimex has been issued an LOA dated 22/08/2007 for Manufacturing of Geo Technical Investigation Instruments and Construction Materials testing equipments & Trading Activities. The unit has commenced its export production w.e.f. !7 /12/2008 and LOA is valid till t6/12/20t8. It was informed to the Approval Committee that the unit has submitted a proposal for inclusion of Manufacturing of (iJ Hot plate, Rectangular, with Enerry Regulator, 250x300x150mm, 1.2kw (84L9a020); (ii) Hot.Plate, Rectangular, with Enerry Regulator, 300x450x180mm, 2.0kw (8a195020); (iii) Environmental Test Chamber "Eco Friendly'' with cooling Temp. Range-10oc to 600C. +-10C, Humidity-S0y0 to g5o/o +-4o/0, Double Walled, Inner Chamber SS 304, Digital Controller cum lndicator, Size-510x610x910mm [84199090) in its authorized operations. Shri Sudip Chattopadhyay, authorized representative appeared before the Approval Committee. He informed that currently there are 40-45 employees working in the unit He further informed that they mainly export to African & South East Asian Countries. Shri Chattopadhyay further informed that they need to include few items in their authorized operations for ensuring that they are able to bid for the entire range of items in order to compete in International Market Shri Chattopadhyay further informed that they have not done any trading activity during previous years. However, in2077-78 they have made export oftrading goods worth Rs. 4- 4.5 Lakhs. The Approval Committee, after due deliberations, agreed to the request of unit for inclirsion of Manufacturing of (iJ Hot plate, Rectangular, with Enerry Regulator, 250x300i(150mm, 1.2kw @aD4020); (ii) Hot Plate, Rectangular, with Enerry Regulator, 300x450x180mm, 2.0kw (8a195020); (iii) Environmental Test Chamber "Eco Friendly'' with cooling Temp. Range-1ooc to 600C. +-10C, Humidity-SO% to 9570 +-4V0, Double Walled, Inner Chamber SS 304, Digital Controller cum lndicator, Size-610x610x910mm (84199090) in its authorized operations. The Approval committee further decided to allow trading activities subject to the condition that Trading will be allowed only for t ,M,

a Noida Special Economic Zone (Mlnutes of Meetlng ot Approval Commltte€ of Nolda SEZ held on07l03l20l8l Paee 5 of 16 physical export to any other country, for supplyto other units and Developers in the same or other SEZ or EOUs, against foreign exchange and no DTA sale of trading items shall be allowed. 4. Proposa! in respect of M/s. fassal Impex Pvt. Ltd, for extension of LOA for clearing the goods and complete exit formalities, It was informed that M/s. Jassal Impex Pw, Ltd. was issued LOA dated 2L/03/2016 for manufacturing & export of Readymade Garments and Artificial Jewellery. The unit did not commence its export production. LOA of the unit was valid till 20/03/2017. The unit was allotted SDF No. G-7, NSEZ. It was further informed to the Approval Committee that the Approval Commiftee in its meeting held on 07/77/2077 has reviewed the LOA and has directed the unit to first clear the dues and submit an application for extension of LOA for the purpose of clearing the lying goods and complete exit formalities. It was informed that the unit has not paid the pending lease rent and currently lease rent amounting to Rs. 17,12,090/- is outstanding against tle unit. No one from the unit appeared before the Approval Committee. The App,poval Committee deferred the matter for its next meeting. The Approval Committee directed the EM division, NSEZ to start the proceeding against the unit and its promoters for recovery of outstanding lease rent. The Approval Committee further directed NSEZ Custom to determine the amount to be remitted to the Government by the Unit in the form of Customs Duty on goods lying in the NSEZ premises and matter may be followed vigorously. 5. Proposal in respect of M/s, Continental Hardware PvL Ltd. for change in directors and shareholding, It was informed to the Approval Committee that.M/s. Continental Hardware Pvt. Ltd. has been issued an LOA dated, 27/06/2005 for Manufacturing of Stainless Steel Builder Hardware, and Trading in builder hardware in stainless steel, brass, zinc, aluminium, copper, mild steel and cast iron. The unit commenced its export production w.e.f. 0S/06/2Q70 and LOA is valid till04/06/7,020. It was informed to the Approval Committee that unit had informed about cessation of Smt. w

a Noida Special Economic Zone (Minutes of Meetlng ot Apprcval Committee of Noida SEz held on o7l03l20l8l Paee 6 of 16 Sumanjit Kaur and appointment of Shri Dabeet Singh & Shri Navneet Singh as directors w.e.f.29 /09 /2017. It was informed that as per this office records, Shri Navneet Singh has already been a director in the company since inception of the unit in NSEZ' The unit has never informed this office about his cessation at any time from the company. However, now the unit has intimated that Shri Navneet Singh has been appointed as a director on 29 /Og /2017 .This is a violation of condition wo. i+ of Bond-cum-LUT It was further informed that there is also 24.620/o change in shareholding of unit due to above change in directors. Shri Navtieet Singh, director appeared before the Approval Committee' He informed that he had resigned from the directorship of the company w.e.t. 10/05/2012 but was associated with the company in the capacity of Purchase Manager during 10/05/2012 to 28/09/20L7. He further stated that they inadvertently could not inform this office about the said changes due to oversight without any malafide/willful intentions. He apologized for the same and assured that such mistake will not be repeated in future. He further informed that they have submitted all the requisite documents and requested that they may be pardoned for the lapse. The Approval Committee, after due deliberations, decided to take the intimation of unit for change in directors and shareholding on records. The Approval Committee also warned the unitto be more careful in future for timely compliances. 6. Proposal in respect of M/s. Aksasia Creations PvL Ltd. for change in directors and shareho.hing, It was informed to the Approval Committee that M/s. Aksasia Creations Pvt. Ltd. has been issued an LOA dated 2l/02/2005 for Manufacturing of Garments including garments of leather, Leather & Leatherite-PU goods and Gift items. The unit commenced its export production w.e.f.3L/07 /2005 and LOA is valid till30/07 12078. It was informed to the Approval Committee that unit had informed about change in shareholding of the company w.e.f.25/07/2018. It was further informed that the original promoter of the company i.e. Mr. Arvind Singh has now transferred all his remaining shares (20%o) to Smt. Chhaya Devi.

o (Mlnutes of Meeting of Approval Commlttee of Nolda SEz held on 0 ogl2078l Paee 7 of 16 No one fr'om the company appeared for the meeting. The Approval Committee observed that there have been exports from the unit worth Rs. 2.69 Lakhs and Rs. 1.01 Lakhs during 2015-16 &20L6-L7 respectively, which is almost negligible. The Approval Committee after due deliberations, decided to defer the proposal for its next meeting and directed to send a letter to Shri Arvind Singh with copy to all Directors for explaining the reasons for non-performance despite tall promises made earlier and also for ensuring their presence in the next Approval Committee meeting. 7. Proposal in respect of M/s. Herbul authorized operations in LOA. Henna Export House for Inclusion of additional It was informed to the Approval Committee that M/s. Herbul Henna Export House has been issued an LOA dated 24/05/2011 for Manufacturing Hair Dye and Trading of Namkeen, Atta Noodles & Flour. The unit has commenced its export production w.e.f. :i 02/7ll20ll and LOA is valid till0l/ll/2027. It was informed to the Approval Committee that the unit has submitted a proposal for inclusion of Manufacturing of (i) Henna Amla Hair Oil; (ii) Shampoo; (iii) Henna Paste in Tubes; and (iv) Eagle's Henna Hair Dye in its authorized operations. Shri Ved Prakash Gupta and Shri Satish Kumar, partners appeared before the Approval Committee. Shri Gupta informed that currently there are L2-13 employees working in the unit. He further informed that they mainly export to Turkey, France, Malaysia & South East Asian Countries. Shri Gupta further informed that they need to include few items related to their existing business in tleir authorized operations. The Approval Committee observed that the unit has been allowed Trading activities in its authorized operations, which is currently not being carried out by them. Shri Gupta informedlthat although they are currently not carrying out Trading activities, they may require doing trading activities at a later stage. Hence, they would like to retain the Trading activities. Shri Gupta informed that they will not sell traded goods in DTA and will do 100%o exports. Approval Committee decided that trading will be permitted subiect to the condition of 100% physical exporl shri Gupta gave his consent for inclusion of suitable condition in LOA with regard to Trading activities.

O Noida Special Economic Zone lMlnutes of Meetlnt of Approval Committee ot Noida sEz held ono7lo3lz0lBl Paee 8 of 16 The Approval Committee further observed thpt foreign exchange of Rs. 89.12 Lakhs is outstanding as per APR for the year 2016-L7. Shri Gupta informed that all the pending foreign exchange have been realized within the prescribed time. It was informed that unit has not mentioned ITC HS Code of proposed items. The ApprovallCommittee also observed that unit has already been allowed manufacturing of Hair Dye. However, unit has requested to include manufacturing of Eagle's Henna Hair Dye in its authorized operations. Shri Gupta informed that they are going to export manufactured Hair Dye under the brand name of Eagle's and due to that they have requested to include the same in their authorized operations. It was informed to them that the brand is not a part of authorized operations and manufacturing of Hair Dye is already allowed to them, They can sell any of their manufactured items under their authorized brand name. The Approval Committee, after due deliberations, agreed to the request of unit for inclusion of Manufacturing of (iJ Henna Amla Hair Oil; (ii) Shampoo and (iii) Henna Paste in Tubes in its authorized operations subject to submission of ITC HS Code of proposed items and a CA certificate for realization of pending foreign exchange. The Approval Committie further decided to allow Trading activities subiect to the condition that Trading will be allowed only for physical export to any other country for supply to other units and Developers in the same or other SEZ or EOUs, against foreign exchange and no DTA sale of Trading items shall be allowed. 8. Proposal in respect of M/s, PS Autotech International LLP for Inclusion of additional autlorized operations in LOA, It was informed to the Approval Committee that M/s. PS Autotech International LLP has been issued an LOA dated, 02/02/2072 for Manufacturing of Automatic Slack Adjuster, Manual Slack Adjuster, Axle & Suspension component and Trading ofAxle and Suspension components. The unit commenced its export production w.e.f. 1't/05/2012 and LOA is valid till L0/05/2022. It was informed to the Approval Committee that the unit has submitted a proposal for inclusion of (i) Trading of container Twist Locks (8716) (iil Manufacturing of Fifthwheel

O (Mlnutes of Meeting of Approval Committe€ of t{olda SEZ held on 07l03l20t,8l Paqe 9 of 16 Coupling & Parts (8716) (iii) Trading of Landing Legs & parts (8716) and (iv) Manufacturing of Machined Shafu ( 8431 & 8708) in its authorized operations. Shri Sachit Kalra, authorized representative of the company, appeared before the Approval Committee. He informed that they are mainly into manufacturing and trading activities of few items are only to complement their manufactured products. He further stated t}lat they are doing approx. 950/0 manufacturing activity and trading is only 50lo of total turnover. Approval committee decided that trading will be permitted subject to the condition of 1000/o physical exporL Shri Kalra gave his consent for inclusion of suitable condition in L0A with regard to Trading activities. The reprdsentative of NSEZ Customs informed that unit has been allowed trading ofAxle and Suspension components. However, details ofsuch components and their ITC HS Code have not been described. The Approval Committee directed the unit to submit details of trading items and their ITC HS Code so that there may not be any confusion in the classification of items. The Approval Committee, after due deliberations, agreed to the request of unit for inclusion of (i) Trading of Container Twist Locks (8716) (iD Manufacturing of Fifthwheel Coupling & Parts (8716) (iiD Trading of Landing Legs & parts (8716) and (iv) Manufacturing of Machined shafts (8431 & 8708) in its authorized operations subiect to submission ofdetails of items under trading ofAxle and Suspension components and their ITC HS Code. The Approval Committee further decided to allow Trading activities sublect to the condition that Trading will be allowed only for physical export to any other country, for supply to otler units and Developers in the same or other SEZ or EOUs, against foreign exchange and no DTA sale ofTrading items shall be allowed. 9. Proposal in respect of M/s. findal Exports & Imports Pvt' Ltd, for renewal of LOA. It was informed to the Approval committee that M/s. findal Exports & Imports Pvt. Ltd. has been issued an LoA dated 70/02/2004 for Manufacturing of Gold lewellery. The unit commenced its export production w.e.f. 08/04/2004 and LoA was valid till05 /0112017. It was informed that unit has been lying non-functional since 20Ll-12. It was further

o Noida Special Economic Zone (Mlnutes of MeetlnS ofApproval Committee of Noida sEz held on o7lo3lzo7al Paqe l0 of 16 informed that the unit was issued an SCN dated l6/04/20L5 for lying non-functional and non-utilization ofspace allotted for the purpose to carry out authorized operations & earn foreign exchange. The Approval Committee in its meeting held on 05/01/2076 had withdrawn the SCN as the unit had achieved positive NFE & accordingly no action was called for under Rule 54 of SEZ Rules, 2006. Further, the Approval Committee also renewedrthe LOA of M/s Jindal Exports & Imports Pvt. Ltd. for one year qto 05/01/20L7. It was further informed that the LOA of the unit has already expired on 05.01.2017. Unit has submitted application for LOA renewal after delay of almost a year' However, no reason for delayed submission has been given. Further, unit has not yet submitted APRs for the year 2O]l4-15,2075-16 & 2076-17. The Approval Committee observed that unit has also failed to re-commence its operation in the extended period. Shri S.K. Jindal, director appeared before the Approval Committee. He informed tlat despite their best efforts, they failed to get any orders for export and they could not re- commence their activities in NSEZ. Shri findal further informed that now they want to close their unit and exit from NSEZ. However, they have some raw materials and machines lying in their premises. Shri iindal stated that they want to export jewellery manufactured out ofavailable raw materials and for the seime they have requested for renewal of LOA' The Approval Committee, after due deliberations, decided to revalidate the LOA for a period of two months from date of issuance of letter, only for the purpose of export of manufactured jewellery made from raw materials available and clearing the machineries and to complete the exit formalities. The Approval Committee further decided that no permission for procurement ofnew raw materials shall be granted. 10. Proposal in respect of M/s, lindal Dyechem Industries Pvt Ltd. for renewal of LoA. It was informed to the Approval committee that.M/s. Jindal Dyechem lndustries Pvt. Ltd. has been issued an LoA dated 05/ol/2005 for Manufacturing of Gold f ewellery. The unit commenced its export production w.e.f. LB/02/2005 and LOA was valid till 05/01/2017. It was informed that unit has been lying non-functional since 20L2-I3. It was further informed,that the unit was issued an SCN dated L6/04/20t5 for lying non-functional and

o (Minutes of Meetlng of Approval commlttee ot Nolda SEz held o n O7y'OglzoTal Pase 11 of16 non-utilization of space allotted for the purpose to carry out authorized operations & earn foreign exchange. The Approval Committee in its meeting held on 06/07/20L6 had withdrawn the SCN as the unit had achieved positive NFE & accordingly no action was called for under Rule 54 of SEZ Rules, 2006. Further, the Approval Committee also renewed the LOA of M/s. findal Dyechem Industries Pvt Ltd. for one year upto 05/01/2077. It was fu4ther informed that the LOA of the unit has already expired on 05'01.2017. Unit has subriiitted application for LOA renewal after delay of almost a year. However, no reason for delayed submission has been given. Further, unit has not yet submitted APRs for the year 2074-75,20t5-16 & 20t6't7. The Approval Committee observed that unit has also failed to re-commence its operation in the extended period. Shri S.K. Jindal, director appeared before the Approval Committee. He informed that despite their best efforts, they failed to get any orders for export and they could not re- commence their activities in NSEZ. Shri lindal further informed that now they want to close tJreir unit and exit from NSEZ. However, they have some raw materials and machines lying in their premises. Shri Jindal stated that they want to export iewellery manufactured out of available raw materials and for the same they have requested for renewal of LOA. The Appfoval Committee, after due deliberations, decided to revalidate the LOA for a period of two months from date of issuance of letter only for the purpose of export of manufactured jewellery made from raw materials available and clearing the machineries and to complete the exit formalities. The Approval Committee further decided that no permission for procurement of new raw materials shall be granted' 7t. Proposal in respect of M/s. GPL Exports Ltd. for extension of trading permission for further 3 months, It was informed to the Approval Committee that M/s. GPL Exports has been issued an LOA dated 28/02/2013 for Manufacturing & Trading activities. The unit has commenced its export production w.e.f. Ot/OS /2003 and LOA of the unit is valid till 30/04/2018. It was further informed that during review of the authorized operations by the Approval Committee in its meeting held on 07/02/2017, the authorized representative of unit

o (Minute3 ot Meeting of Approval commlttee of Nolda sEz held on o7l03l20l,8l Paee 12 of 16 info ttrat arrrentty some goods are lying at the unit for clearance in DTA under Rule 53 of SEZ Rules, 2006. He further pleaded that they are working in the zone from 2003 and the stocks have been accumulated during the course of time and requested to give permission for clearing these goods in DTA against free foreign exchange as permissible under Rule 53 ofSEZ Rules, 2006. The Approval Committee in its meeting held on 0U02/2017 allowed time upto 3l/08/2017 for clearance ofgoods already imported and lying in the stock ofthe unit, as on date of its meeting i.e. on 01/02/2017, in DTA against freely convertible currency as permissible under Rule 53 of SEZ Rules, 2006. 'ihereaftel no DTA clearance for trading goods shall be allowed. It was also informed that on request of the unit, the Approval Committee in its meeting held on ,06/09/2017 had again granted six months'time i.e' qto 29/02/20L8 for clearance of goods already imported and lying in the stock of the unit, as on 0L/02/20L7 , in DTA against freely convertible currency as permissible under Rule 53 of sEZ Rules, 2006. Thereafter, no DTA clearance of trading goods shall be allowed. Also no import of such fresh good intended to clear in DTA as part of these trading activity would be allowed. Now the unit vide its letter dated 23/01/2018 has again requested to extend their trading permission for further 3 months as they still have some trading stock balance. Shri Vikas Run6a, authorized representative ' of the company appeared before the Approval Committee. He informed that they have units in NSEZ and in DTA having export turnover ofapprox. Rs.4oCrores in NSEZ and Rs.50 Crores in DTA. Shri Rungta stated that as on date they are having trading stock of Rs. 126.44 Lakhs out of which the stock of Rs. 63.20_ Lakhs can be used in manufacturing. However, they need three more months to clear t}re remaining trading stock of Rs. 62.94 Lakhs. The Approval Committee observed that unit has already been granted one year time for clearing the existing trading stock in DTA. However, unit has failed to clear the trading goods in the given time period. Shri Rungla stated that in case they fail to dispatch the said trading stock of Rs. 62.94 Lakhs in next three months, they will transfer this stock to

their domestic unit after getting payment in free foreign exchange. The Approval Committee, after due deliberations, decided to grant last extension of 3 months for clearance of goods already imported and lying in the stock of the unit, as on 0t/02/2077, in DTA against freely convertible currency as permissible under Rule 53 of SEZ Rules,2006. Thereafter, no DTA clearance oftrading goods shall be allowed' Also no import of such fresh good intended to clear in DTA as part of these trading activities would be allowed. 12. Proposal in respect of M/s, Overdrive Electronics Pvu Ltd. (Unit-l) for Monitoring of performance in view of exit request of unit, It was informed to the Approval Committee that M/s. 0verdrive Electronics Pw. Ltd. (Unit-l) was issued an LOA dated 27 106/2005 for Business Process Outsourcing & Software Development with call center facility. The unit commenced its activities w.e.f. 2L/t2/2005 and LOA was validtill20/12/20L5. It was informed that unit vide this office letter dated 74/72/2015 was advised to submit requisite documents for compliance with exit formalities. Unit has now submitted all the documents related to exit from SEZ scheme. Besides, NSEZ Customs has also issued NOC to the udit on 27/01/2016. It was further informed that in terms of Rule 54, it is for Approval Committee to arrive at conclusion that unit has achieved positive NFE. Shri M. K. Aggrawal, Director of the company appeared before the Approval Committee. He informed that currently they are focusing on LED Lighting for domestic market as their export business is not doing well, due to which the management has decided to exit from SEZ scheme. He requested to allow them exit permission under Rule 74 of SEZ Rules, 2006. The Approval committee monitored the performance of the unit on the basis of APRs submitted by it up to 2015-16 and noted achibvement of positive NFE by the unit. The Approval Committee further observed that no foreign exchange is pending for realization as on date. In view of above, the Approval Committee, after due deliberations, granted final exit to the unit. 'fu'4,

Paee 14 of 16 (Minutes o, Meetlng of ApprovalCommlttee ot Nolda SEZ held on 07l03l20,,8l i a 13. Following cases for monitoring of performance/APRs under Rule 54 of SEZ Rules, 2006 were also placed before the Approval Committee. The unit wise decision of the Approval Committee are indicated below:- M/s, Cadence Design Systems (lndia) Pvt, Ltd. ' The Approval Committee monitored the performance of the unit on the basis of APRs rtp to 2016'17 and noted achievement of positive NFE by the unit. 74. Proposal in respect of M/s. Intellicus Technologies Pvt. Ltd. for setting up a new unit in NSEZ. It was informed to the Approval Committee that the applicant has proposed to set up a unit in NSEZ to undertake lnformation Technolory Services such as Software Development, Test Engineering and R&D Consulting with projected exports of Rs. 950 Lakhs and NFE earnings worth Rs. 875 Lakhs over a period offive years. Shri Sanjeev Agrawal, Director ofthe company, appeared before the Approval Commiftee. He informed that Intellicus Technologies Pw. Ltd. was founded in 2004 for providing IT services to their customers. He further informed that they already have existing SEZ units in NSEZ and Indore in the name of M/s. lmpetus Infotech (lndia) Pvu Ltd. and M/s. Cleartrail Technologies PvL Ltd. He further informed that the proposed unit in NSEZ will initially create additional 50 jobs which will gradually increase in future. It was informed that there were some discrepancies found in the application which have been corpmunicated to the applicant vide this office email dated 06/03 /2018 for neces5arli rectification. Reply is still awaited. Shri Agrawal informed that they have rectified the deficiencies and also submitted the required information on 07 /03/20L7. The Approval Committee, after due deliberations, approved the proposal of M/s. Intellicus Technologies Pvt. Ltd. for setting up a unit in NSEZ for lnformation Technolory Services such as Software Developmen! Test Engineering and R&D Consulting. 15. Proposal in respect of M/s. Lakshman Overseas for renewal of LOA' It was informed to the Approval Committee that M/s. Lakshman Overseas has been issued an LOA dated 25/L0/2002 for Manufacturing & Export of Consumer electronics items

o Paee 15 of 16 (Mlnutes ot Meetlng ol Approval Commlttee of Nolda SEZ held onOTl0?l20l,8l such as Electronic 0ffice Equipments, Calculators, Communicators, Palm Top & Computefs, Electronics Time Piece/ Electronic Wrist Watch/Electronic Movement & Modules (parts of Electronics Wrist Watch). The unit commenced its export production w.e.f.0L/03/2003 and LOA was valid till 28/02/20L8. It was informed that the Board of Approval in its meeting held on 24/07 /2014 had directed DC, NSEZ to restore the LOP ofthe unit for manufacturing activities. Accordingly, this office vide letter dated2T/09/2015 had renewed the LOA ofthe unit and approved the projections for the remaining period npto 28/02/2018. Authorized operations of the unit were amended on L8/t0/2016. It is also pertinent to mention here that vide this office letter dated23/09/2016, the Specified officer, NSEZ was advised to carry out 100%o examination of import/export/sub-contracting (if any), in terms of quantity, value and other aspects and in case of sub-contracting Customs should ensure specifically correlation between items sent out by the unit and items brought in by the unit. Customs Authoritigs were also advised to exercise due diligence while according such permissions. After . reitoration of LOA, the unit had recommenced its export production w.e.f. 27 /04/20t5. The Approval Committee observed that upto 20L6-17 of the block of five years i.e. 2013- 18, unit has achieved NFE earnings of Rs.1.71 Lakhs only against turnover of Rs.1368.70 Lakhs, which is very less. lt was informed to the Approval committee that APR for the period 2017-18 (up to 28/02/2018) is awaited from the uniL Shri vipul Aggarwal, proprietor appeared before the Approval committee. He informed that they are now entering into the field of electronic smart watches in addition to their existing business. He further informed that he has undergone thorough research work by participating in international trade fairs and by acquiring the knowhow of the product in depth. He further informed that the market for electronic smaft watches is growing rapidly ag it has caught the imagination of youth and the smartwatch is also very cheap it which cdn be purchased by the common man. He therefore mentioned that there is emerging & growing market for smartwatches. The Approval committeg after due deliberations, decided to renew the LoA for next five years block i.e. from Ol/03/2O1rB to 28 /02 /2023. Approval Committee also directed t})at the Specified Officer, NSEZ should carry out 10070 examination of import/export/sub- w

(Minutes of Meetlng of Approval commlttee of Nolda sEz held on 07l01l20,,8l Meeting ended with a vote of thanks to the Chair. (s.s. (Dr. tJ Jt Development Commissioner Development Commissioner !1 contracting (if any), in terms of quantity, value and other aspects and in case of sub- contracting Customs should ensure specifically correlation betvveen items sent out by the unit and items brought in by the unit. Customs Autlorities were also advised to exercise due diligqnce while according such permissions. The Approval Committee also directed the uirit to submit APR for the period 2Ot7-18 (up to 2B/02/2018J and decided that monitoring of performance shall be done after receipt of the said APR.