इकाई अनुमोदन समिति की बैठक का कार्यवृत्त 20/07/2018 पर आयोजित

a JAIPUR SPECIAL ECONOMIC ZONE Minutes of meetinq of the Aooroval Committee of Sitanura SEZ. Jaiour held under the Chairmanshin of Dr. L.B. Sinehal. Zonal Development Commissioner. NSEZ on 2010712018 at 1l:30 AM. in RIICO Board Room. Udvog Bhawan. Jainur. The following members of Approval Committee were present during the meeting: - l. Shri Virendra Singh, Jt. DGFT, Udyog Bhawan, Jaipur 2. Shri Sampat Rai, Asstt. Commissioner, Central GST, Jaipur-l 3. Shri Dinesh Pahadiya, Addl. General Manager, RIICO Ltd. Jaipur 2. Besides, during the meeting i) Shri Prakash Chand Upadhyay, ADC, Noida ii) Shri A.K. Meena, D.C. (Customs), Jaipur iii) Shri K.K. Meena, ADC, JSEZ iv) Shri H.K. Meena, JSEZ and v) Shri R.K. Singh Rohhita, Sr. Regional Manager, RIICO 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 deliberations one by one. After detailed deliberations amongst the members of Approval Committee as well as based on interaction with the applicants / representatives ofthe developers / units, the following decisions were taken: -

1. Ratification of Minutes of last meetins of the Approval Committee: - It was informed that no reference against the decisions ofthe Approval Committee held on l8/05/2018 was received from any of the members of the Approval Committee or Trade and therefore Minutes of the meetings of Approval Committee held on 18.05.2018 were ratified. fu-* L'-tr Page 1 of23

(Rs in Lacs) Year 2012-13 2013-14 2014-15 z0l5- l6 2016-17 2017 -18 (12.03.18) Total FOB Value of Export l.0l 0.00 0.00 0.00 0.89 0.00 1.90 Foreign Exchange out go 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NFE eamings for last five vears (l )- (2) l.0l 0.00 0.00 0.00 0.89 0.00 1.90 a (2) Item -wise decisions on proposals included in agenda are as under: 2 (i). Proposal of lWs B.G. Jewels for monitoring of performance and Extension of validity of LOA No. 1-29l2003-SELI(J)Proj.l 225 dated 23.09.2010 for a period of next five years-reg. It was informed to the Approval Committee that IWs. B.G. Jewels, Plot No. H-35, SEZJ has been granted LOA No. l-29/2003-SEZ-l(l)Pq./ 225 dated 23.09.2010 for Manufacture of Silver Jewellery, Gold Jewellery, Gem Stones etc. The unit has started export production on 13.03.2013. Accordingly, first five years of operation ofthe unit was completed on 12.03.2018. Unit has submitted a request for extension of validity of LOA for a further period of five years. The Performance of the unit was reviewed by Approval Committee in its meetings held on 19.10.2015, 22.04.2016, 17 .06.2016, 20.07.2016 & 22.09.2017 and Approval Committee noted that unit has not made any export during 2013- 14 to 2015-16. The unit has made export only of Rs. 0.89 Lakhs for the year 2016-17. Approval Committee directed that this is the last opportunity given to the unit to re-start their export activities immediately. However, the unit has not started their export activities since the export for 2017- l8 is NIL. Now the unit has requested to renew of LOA for next five years i.e. op to 12.03.2023. It was further informed that as per APR's unit has made total exports of Rs. L90 Lakhs during its first five years ofoperation and NFE ofthe unit has remained positive, as would be evident from the following table :- It was further informed that the unit has submitted projected foreign exchange balance sheet for next five years, as under: in Lacs Year 2018- r 9 2019-20 2020-21 2021-22 2022-23 Total FOB Value of Export 50.00 60.00 80.00 r 00.00 I r 0.00 400.00 20.00 25.00 33.00 38.00 43.00 159.00 NFE Exchange eamings for next five year (l)-(2) 30.00 35.00 47.00 62.00 67.00 241.00 L-^^,-AJa Page 2 of 23

o It was further informed that the proposal of unit was placed before Approval Committee in its meeting held on 18.05.2018. As no senior person from the unit appeared before the Approval Committee in its meeting held on 18.05.2018 to present their case, Approval Committeet deferred the proposal with the direction that Partner ofthe company should be invited in the next meeting to present their case. Sh. Nawal Kishore Aggarwal, Partner appeared before the Approval Committee on behalf of the unit and explained the proposal. After due deliberations, Approval Committee decided to extend the validity of LOA for a period of one year i.e. up to 12.03.2019, Subject to execution ofrevised Bond-Cum-Legal Undertaking by the unit. 2(ii). Proposal of IWs. R,S. Jewels for monitoring of performance and extension of validity of LOA No, 2-169-SEZI(J)Proj.i 1647 dated 18.10.2007 for remaining period of five years-reg. It was informed to the Approval Committee that lWs. R.S. Jewels Plot No. G-36, SEZ-II has been granted LOA No. 2-169-SEZ-II (J)Proj./ 1647 dated 18.10.2007 for Manufacture of Gold Jewellery (Plain & Studded) Silver Jewellery (Plain & Studded) & Precious & Semi Precious Stones etc. The unit has started export production on 12.04.2010. Accordingly, first five years of operation of the unit was completed on I1.04.2015 and Approval Coommittee in its meeting held on 19.05.2017 has extended the validity period of LOA for a period upto 18.05.2018. Development Commissioner, Noida has further extended the validity period ofLOA for a period two months i.e. up to 18.07.2018 subject to the condition that further extension of LOA will be considered in next Approval Committee after monitoring the export / value addition performance. As per record the performance ofthe unit during the extended period (i.e. from 01.01.2018 to 10.07.2018) is Rs. 5.46 Lacs against projected export figures of Rs. 27.00 Lakhs. Now the unit has again requested to consider their request for extension of LOA for remaining period of five years (i.e. upto I1.04.2020). It was further informed that as per APR's unit has made total exports of Rs. I1.80 Lakhs during its first five years of operation and NFE of the unit has remained positive, as would be evident from the following table :- fu-;l--L Page 3 of23

(Rs in Lacs) Year 2014-15 2015- r 6 2016-17 2017-18 2018- l9 ( 10.07.18) Total FOB Value of Export 0.00 0.00 0.00 6.34 5.46 I 1.80 0.00 0.00 0.00 4.44 3.36 7.80 NFE eamings for last five Years (l)- (2) 0.00 0.00 0.00 L90 2.t0 4.00 next a Ir;;ffirected foreign exchange balance sheet for years, under: Shri Sanjay Godha, Partner, appeared before the Approval Committee on behalf of the unit and explained the proposal. Mr. Godha also requested Approval Commiftee for extending of LOA validity on sez online system so that work do not suffer, After due deliberations, Approval Committee took note of the performance of the unit for last five year operations and extended the validity ofLOA for remaining period of next five year i.e. up to 11.04.2020, subject to execution ofrevised Bond-Cum-Legal Undertaking by the unit. 2(iii) Proposal of IWs Stone Beads International for monitoring of performance and Extension of validity of LOA No. 2-2412004-SEZ-II(J)Proj./ 1062 dated 23.06,2004 for remaining period of next five years-reg. It was informed to the Approval Committee that IM/s. Stone Beads lnternational, Plot No. Hl-133, SEZ-ll has been granted LOA No. 2-24/2004-SEZ-ll(J)Proj./ 1062 dated 23.06.2004 for Manufacture of Gem Stone, Gold Jewellery & Silver Jewellery. The unit has started export production on 15.06.2008. Accordingly, ten years of operation of the unit was completed on 14.06.2018. Unit has submitted a request for extension of validity of LOA for a further period of five years. Development Commissioner, Noida has further extended the validity period of LOA for a period three months i.e. upto 13.09.2018 subject to the condition that further extension of LOA will be considered in next Approval Committee after monitoring the export / value addition performance. The Performance of the unit was reviewed by Approval Committee in its meetings held on 22.01.2016, 17.06.2016, & 19.05.2017 and Approval Committee noted that unit has not made any export during 2014-15 to 2015-16. The unit has made export of Rs. 24.55 Lakhs for the year 2016- 17. & Rs. 101.62 Lakhs for the year 2Ol7-18 and Rs. 22.68 Lakhs for the current year i.e. up to 10.07.2018. The unit has requested to rcnew ofLOA for remaining period ofnext five years i.e. upto 14.06.2023. in [,acs Year 2018- 19 2019-20 2020-21 2021-22 2022-23 Total FOB Value ofExport 27.00 31.00 37.00 42.00 50.00 t 87.00 12.00 t4.00 17.00 18.00 2l .00 82.00 NFE Exchange eamings for next five year (lF (2) 15.00 17.00 20.00 24.00 29.00 | 05.00 (u^^^ J-.l.) Page 4 of23

(Rs in Lacs) Year 2013-14 t0l4-15 2015- 16 l0l6-17 2017-18 2018-19 (up to 10.07.18) Total FOB Value of Export 3.32 0.00 0.00 24.55 tot.62 22.68 152_17 Foreign Exchange out qo 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NFE eamings for last five vears (l )- (2) 3.32 0.00 0.00 24.55 tot.62 22_68 152.17 0 It was further informed that as per APR's unit has made total exports of Rs. 152.17 Lakhs during its first five years ofoperation and NFE ofthe unit has remained positive, as would be evident from the following table :- It was further informed that the unit has submitted projected foreign exchange balance sheet for next five years, as under: Shri Satish Agrawal, Proprietor, appeared before the Approval Committee on behalfofthe unit and explained the proposal. After due deliberations, Approval Committee took note of the performance ofthe unit for last five year operations and extended the validity of LOA for remaining period of next five year i.e. up to 14.06.2023, subject to execution ofrevised Bond-Cum-Legal Undertaking by the unit. 2 (iv) Proposal of M/s Sumati Exports for monitoring of performance and Extension of validity of LOA No. 2-26n004-SELII(J)Proj./ 1061 dated 23.06.2004 for period of five years-reg. It was informed to the Approval Committee that lWs. Sumati Exporls, Plot No. H1-83, SEZ-ll has been granted LOA No. 2-2612004-SEZ-ll(J)Proj./ 1062 dated 23.06.20M for Manufacture of Gem Stone, Gold Jewellery & Silver Jewellery. The unit has started export production on 13.06.2008. Accordingly, ten years of operation of the unit was completed on 12.06.2018. Unit has submined a request for extension of validity of LOA for a further period of five years. Development Commissioner, Noida has further extended the validity period ofLOA for a period of three months i.e. upto 13.09.2018 subject to the condition that further extension of LOA will be considered in next Approval Committee after monitoring the export / value addition performance. The Performance of the unit was reviewed by Approval Committee in its meetings held on 21.06.2015, 17.06.2016,19.05.2017 &20.07.2017 and Approval Committee noted that unit has not Lacs Year 2018-19 2019-20 2020-21 2021-22 2022-23 Total FOB Value of Export 100.00 r 50.00 200.00 2s0.00 300.00 1000.00 60.00 90.00 120.00 150.00 180.00 6000.00 NFE Exchange earnings for next five vear (l)-(2) 40.00 60.00 80.00 100.00 120.00 400.00 k** bkz Page 5 of23

o made any export during 2013-14 to 2014-15. The unit has made export ofRs. 13.91 Lakhs for the year 2015- 16.&Rs. 10.68 Lakhs forthe year2016-17 &Rs22.04 Lakhs forthe year 2017-18. The unit have not made any export for the F.Y. 2018-19. The unit has requested to renew of LOA for next five years i.e. upto 12.06.2023. It was further informed that as per APR's unit has made total exports of Rs. 46.63 Lakhs during its first five years of operation and NFE ofthe unit has remained positive, as would be evident from the following table :- It was further informed that the unit has submitted projected foreign exchange balance sheet for next five years, as under: Shri S. S. Khandelwal, Partner, appeared before the Approval Committee on behalf ofthe unit and explained the proposal. After due deliberations, Approval Committee extend the validity of LOA for a period of one year i.e. up to 13.09.2019, subject to execution of Bond-Cum-Legal Undertaking by the unit. 2 (v). Proposal of M/s. Bamalwa Jewels for monitoring of performance and extension of validity of LOA No. 2-117-SEZ-II(J)Proj./ 379 dated 12.05.2006 for remaining period ofnext live years-reg. It was informed to the Approval Committee that M/s. Bamalwa Jewels Plot No. H-63, SEZJI has been granted LOA No. 2-117 -SEZ-ltr (J)Proj./ 379 dated 12.05.2006 for the Manufacture of Gold & Silver Jewellery . The unit has started export production on 24.09.2007. Accordingly, ten years of operation ofthe unit was completed on 23.09.2017 . UAC in its meeting held on 22.09.2017 has extended the validity period of LOA for a period up to 31.03.2018, subject to the condition that further extension ofLOA will be considered in next Approval Committee after monitoring the export / value addition performance. As per record the performance of the unit during the extended period (i.e. from 29.09.2017 to 31.03.2018) is Rs. (Rs in Lacs) Year 2013-14 2014-15 2015-r6 2016-17 2017- 18 2018-19 (up to 10.07.18) Total FOB Value of Export 0.00 0.00 13.91 10.68 22.04 0.00 46.63 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NFE earnings for last five years ( 1)- (2) 0.00 0.00 13.91 10.68 22.04 0.00 46.63 in Lacs Year 2018- l9 2019-20 2020-21 2021-22 2022-23 Total FOB Value of Export 100.00 110.00 r 2s.00 130.00 150.00 615.00 75.00 83.00 95.00 97.00 I15.00 465.00 NFE Exchange eamings for next five vear (l)- (2) 25.00 27.OO 30.00 33.00 35.00 150.00 k -"^* b*12,- Page 6 of23

a 1.66 Lacs against projected export figures ofRs. 8.79 Lakhs. Now the unit has again requested of LOA for remaining period ofnext five years (i.e. upto 23.09.2022). It was further informed that as per APR's unit has made total exports of Rs. 7.84 Lakhs during its first five years ofoperation and NFE ofthe unit has remained positive, as would be evident from the following table :- It was further informed that the unit has submitted projected foreign exchange balance sheet for next five years, as under: Shri Jai Hanuman Soni, proprietor, appeared before the Approval Committee on behalf of the unit and explained the proposal and also informed that they have export order ofRs. 25-30 Lakh approx. in hand. After due deliberations, Approval Committee extend the validity of LOA for a period up to 31.03.2019, subject to execution of revised Bond-Cum-Legal Undertaking by the unit. 2 (vi). Proposal of M/s. Classic Gems Inc for monitoring of performance and extension of validity of LOA No. 2-177 -SELll(J)Proj./ 855 dated 03.09.2008 for remaining period of five years-reg. It was informed to the Approval Committee that M/s. Classic Gems Inc., Plot No. H-167, SEZII has been granted LOA No. 2-177 -SEZ-ll(J)Proj./8 5 5 dated 03.09.2008 for the Manufacture of Precious & Semi Precious Stones, Synthetic or reconstructed Precious & Semi Precious Stones, Pearls, Natural or Cultured, Diamond (Cut & Polished), Silver (including silver plated with gold or platinum), Gold (including gold plated with platinum), Waste & scrap of precious metal or of metal clad with precious metals, Gold, Silver and platinum Jewellery @lain & studded) goldsmith and silversmiths wares and other articles, Articles of goldsmith and silversmith wares and parts thereof of precious metals or clad with precious metals, Articles of natural and cultured pearls precious &semi-precious stones (Natural, Synthetic or reconstructed), Imitation Jewellery of base metal whether or not placed with precious metal. The unit has started export production on (Rs in tacs) Year z0t2-13 2013-14 20t4-15 2015-t6 20t6-t7 2017-18 Total FOB Value ofExport 0.00 0.00 4.18 2.00 0.00 r.66 7.84 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NFE eamings for last five vears (l)- (2) 0.00 0.00 4. l8 2.00 0.00 1.66 7.84 in Lacs Year 2018- l9 2019-20 2020-21 2021-22 2022-23 Total FOB Value ofExport 8.79 10.98 13.43 16.'t8 20.9'7 70.95 Foreign Exchanqe out go 0.75 1.00 1.30 1.50 l;70 6.25 NFE Exchange eamings for next five vear (l)- (2) 8.04 9.98 12.13 15.28 t9.27 64.70 k**^LV PageT of23

a 24.04.2012. Accordingly, first five years of operation of the unit was completed on 23.04.2017 and Approval Committee in its meeting held on 16.02.2018 has extended the validity period of LOA for a period upto 30.06.2018. Development Commissioner, Noida has further extended the validity period of LOA for a period ofthree month i.e. upto 30.09.2018 subject to condition that further extension of LOA will be considered in next Approval Committee after monitoring the export / value addition performance. As per record the performance of the unit during the extended period (i.e. from 28.02.2018 to 30.06.2018) is Rs. 2.58 Lacs against projected export figures of Rs. 72.35 Lakhs. Now the unit has again requested for extension of LOA for remaining period of five next years (i.e. upto 23.04.2022). It was further informed that as per APR's unit has made total exports of Rs. 7.30 Lakhs during its first five years ofoperation and NFE ofthe unit has remained positive, as would be evident from the following table :- It was further informed that the unit has submitted projected foreign exchange balance sheet for next five years, as under: Shri Mahavir Aggarwal, proprietor, appeared before the Approval Committee on behalf of the unit and explained the proposal After due deliberations, Approval Committee extend the validity of LOA for a period of nine months i.e. upto 31.03.2019, subject to execution of Bond-Cum-Legal Undertaking bythe unit. 2 (vii). Proposal of lWs. Gajraj International for monitoring of performance and extension of validity of LOA No. 2-43-SEZ.II(OProi.l 114 dated 27.01.2004 for remaining period of five years-reg. It was informed to the Approval Committee that IWs. Gajraj International, Plot No. H-120, SEZ-ll has been granted LOA No. 2-43-SEZ-II (J)Proj./ 174 dated 27 .07 .2004 for Manufacture of Silver Jewellery (Rs in Lacs) Year 2013-14 z0l4-l 5 2015-16 20t6-17 201 7- 18 z0r8-19 .up to 10.07.18) Total FOB Value ofExport 1.87 0.00 0.00 0.00 2.8s 2.58 7.30 0_00 0.00 0.00 0.00 0.00 0.00 0.00 NFE eamings for last five vears ( l)- (2) 1.87 0.00 0.00 0.00 2.85 2.58 7.30 in l-acs Year 2018- l9 2019-20 2020-21 2021-22 2022-23 Total FOB Value of Export 50.00 s5.00 60.00 65.00 70.00 300.00 Foreisn Exchange out go r 0.00 12.50 l5.00 17.50 20.00 75.00 NFE Exchange eamings for next five vear (1)- (2) 40.00 42.50 45.00 47.50 50.00 22s.00 fu,,-,-'& Page 8 of23

plain & Studded & Base Metal Jewellery Plain & Studded with Precious, Semi Precious, synthetic Stones, pearl & Coral (Brass, Copper, Bronze, German Silver. The unit has started export production on 20.07.2007. Accordingly, ten years of operation of the unit was completed on 19.0'1.201'7 and UAC in its meeting held on 16.02.2018 has extended the validity period of LOA for a period upto 30.06.2018. Development Commissioner, Noida has further extended the validity period ofLOA for a period of three months i.e. upto 30.09.2018 subject to the condition that further extension of LOA will be considered in next Approval Committee after monitoring the export / value addition performance. As per record the performance of the unit during the extended period (i.e. from 28.02.2018 to 30.06.2018) is Rs. 4.70 Lacs against projected export figures of Rs. 50.00 Lakhs. Now the unit has again requested for extension of LOA for remaining period ofnext five years (i.e. upto 19.07 .2022). It was further informed that as per APR's unit has made total exports of Rs. 42.29 Lakhs during its first five years of operation and NFE of the unit has remained positive, as would be evident from the following table:- It was further informed that the unit has submitted projected foreign exchange balance sheet for next five years, as under: Shri Mal Singh partner, appeared before the Approval Committee on behalf of the unit and explained the proposal. After due deliberations, Approval Committee extended the validity ofLOA for a period ofone year i.e. up to 30.09.2019, subject to execution of Bond-Cum-Legal Undertaking by the unit. 2 (viii). Proposal of IWs Ideal Fiscal Services Limited for monitoring of performance and Extension of validity of LOA No. 2-152-SEZII(J)Proj.i 1320 dated 25.02.2011for period of five years-reg. It was informed to the Approval Committee that lvl/s. Ideal Fiscal Services Limited, Plot No. H- 169-170, SEZ-ll has been granted LOA No. 2- 152-SEZ-II(J)PIo|./ 1320 dated 25.02.2011 for Manufacture (Rs in Lacs) Year 2012-13 z0l3- l4 z0l4-15 2015-16 2016-17 z0l7- l8 2018-19 Total FOB Value ofExport 0.00 0.00 5.09 32.50 0.00 4.26 0.44 42.29 0.00 0.00 0.00 3.43 0.00 0.00 0.00 3.43 NFE eamings for last five years (l F (2) 0.00 0.00 5.09 29.O7 0.00 4.26 o_44 38.86 in Lacs Year 2018-19 2019-20 2020-21 202t-22 2022:23 Total FOB Value of Export s0.00 60.00 70.00 80.00 90.00 350.00 Foreign Exchanqe out go 30.00 36.00 42.00 48.00 54.00 210.00 NFE Exchange eamings for next five year (l)- (2) 20.00 24_00 28.00 32.00 36.00 140.00 kr"^^"* k-la. Page 9 of23

o of Precious / semi precious Gem Stones & studded Jewellery (Gold / silver / Metal etc' The unit has started export production on 21.06.2012. Accordingly, first five years of operation of the unit was completed on 20.06.2017. Unit has submitted a request for extension of vatidity of LoA for a further period of five years. The Performance of the unit was reviewed by Approval committee in its meetings held on 21.09.2015,22.04.2016, &21.10.2016 and Approval Commiftee noted that unit has not made any export during 2ol3-14 &.2014-15. The unit has made export ofRs' l'80Lakhsfortheyear20l5-16&Rs' 4.26 Lakhs for the F.Y. 2016-17 (up to 20.06.2017). Approval committee directed that this is the last opportunity given to them to re-start their export activities immediately. However, the unit has not started their export activities since the export for 2017-18 is NIL. Now the unit has requested to renew ofLoA for next five years i.e. upto 20.06.2022. Unit has also informed that due to non-availability of Shri Rajesh Nawkla, Director they were not able to submit their request for renewal of LoA in time. It was further informed that as per APR's unit has made total exports of Rs' 6.43 Lakhs during its first five years of operation and NFE of the unit has remained positive, as would be evident from the following table:- It was further informed that the unit has submitted projected foreign exchange balance sheet for next five years, as under: However, no one from the unit appeared before the Approval Committee to explain the proposal' After due deliberations, Approval committee deferred the proposal for next Approval committee meeting' (Rs in Lacs) Year 20t2-13 z0l3-14 2014-15 2015- 16 2016-17 z0l7- 18 Total FOB Value ofExPort 0.37 0.00 0.00 1.80 4.26 0.00 6.43 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NFE eamings for last five years ( lF (2) 0.37 0.00 0.00 1.80 4.26 0.00 6.43 in Lacs Year 2018-19 2019-20 2020-21 2021-22 2022-23 Total FOB Value of ExPort s0.00 60.00 70.00 80.00 90.00 350.00 5.00 6.00 7.00 8.00 9.00 35.00 NFE Exchange eamings for next five year (lf (2) 45.00 54.00 63.00 72.00 81.00 315.00 /r n );*nz K,'\1"""r Page 10 of23

t 2 (ix), proposal of IWs. Allied Gems Corporation for monitoring of performance and extension of validity of LOA No. 1-92003-SE Z-l(J)Pro!.12138 dated 30.10.2003 for remaining period of five years-reg. It was informed to the Approval Committee that IWs. Altied Gems Corporation Plot No. Hl-8-9, SEZJ, Jaipur has been granted LOA No. I -9l2003-SE Z-l(J)Proi.l2l38 dated 30.10.2003 for Manufacture of Gold Jewellery (Plain & Studded), Silver Jewellery (Plain & Studded) & Precious & Semi Precious Stones etc. The unit has started export production on 25.10.2007. Accordingly, ten years of operation of the unit was completed on 24.10.201'1 and Approval Committee in its meeting held on 16.02.2018 has extended the vatidity period of LOA for a period upto 30.06.2018. subject to the condition that further extension of LOA will be considered only after satisfactory performance ofthe unit during extended period. As per record the performance of the unit during the extended period (i.e. from 24.10.2017 to 30.06.2018) is Rs. 16.70 Lacs against projected export figures of Rs. 150.00 Lakhs. Now the unit has again requested to consider their request for extension ofLOA for remaining period of five years (i.e. uplo 24'10 '2022)' It was further informed that as per APR's unit has made total exports of Rs. 126.99 Lakhs during its first five years of operation and NFE of the unit has remained positive, as would be evident from the following table:- It was further informed that the unit has submitted projected foreign exchange balance sheet for next five years, as under: (Rs in Lacs) Year 2013-14 2014-15 2015-16 2016-17 2017-18 2018- 19 (30.06. l8) Total FOB Value ofExport 0.00 0.00 25.99 84.30 0.00 t6.70 t26.99 0.00 0.00 0.00 0.00 0.00 0.00 0.00 NFE eamings for last five vears (l)- (2) 0.00 0.00 25.99 84_30 0.00 16.70 126.99 in Lacs Year 2018-19 2019-20 2020-21 2021-22 2022-23 Total FOB Value of Export 150.00 180.00 205.00 232.00 260.00 1027.00 90.00 108.00 123.00 139.20 r s6.00 616.20 NFE Exchange earnings for next five vear (l)- (2) 60.00 72.00 82.00 92.80 104.00 4t 0.80 fu u^^'- a^it- Page 11 of23

a Shri Bhuwan Kumawat, Manager, appeared before the Approval Committee on behalf of the unit and explained the proposal. After due deliberations, Approval Committee extended the validity of LOA for a period up to 30.06.2019, subject to execution ofrevised Bond-cum-Legal Undertaking by the unit. 2 (x). proposal of M/s Bharti Gems for monitoring of performance and for extension of validity of LOA No.2.182-SEZ-II(oProj./65ldated23.0l.200gforremainingperiodoffiveyears-reg It was informed to the Approval Committee that lWs Bharti Gems, has been issued LOA No' 2-182- SEZ-I(J) Proj./651 on 23.01.2009 for manufacturing and export ofthe following:- ,,precious & Semi Precious Stone, Synthetic or reconstructed Precious & Semi Precious Stones, pearls, Coral, Natural or Cultured, Diamond (Cut & Polished) Silver (including silver plated with god or platinum), Gold (including gold plated with ptatinum), Waste & Scarp or Precious Metal or of Metal Clad With precious Metals, Gold, Silver and Platinum Jewellery (Plain & Studded), goldsmith and silversmith wares and other articles, Articles of goldsmith and silversmiths wares and parts thereof of precious metals or metal clad with precious metals, Articles of natural and cultured pearls. Precious & Semi Precious Stones (Natural, Synthetic or reconstructed) Imitation Jewellery of base metal whether or not placed with precious metals". 2. It was further informed that the unit has started the production on 18.04.2012. Accordingly first five year of operation of unit was completed on 17.04.2017. The validity period of LOA has already expired / lapsed on 17.04.2017. Now they vide letter dated 11.06.2018 have requested for granting exit permission from SEZ Scheme. The Performance of the unit was reviewed by Approval Committee in its meetings held on 22.04.2016 & 17.03.2017 and Approval Committee noted that unit had not made any export during 2013- 14 & 2Ol4-15. The unit has however made an export of Rs. 137.17 Lakhs for the year 2015-16- & Rs. 1238.58 Lakhs for the F.Y.2016-17 . 3. Approval Committee in its meeting held on 17103/2017 had directed the representative of the unit, Shri Amit Pal Singh to get the stock verification done by Customs Authorities of Jaipur SEZ. Besides, the Approval Committee had directed the unit that the Additional Bond-Cum-LUT duly signed by the proprietor of the firm be submitted failing which the Authorized operation as per the existing valid Bond-Cun-LUT only will be permitted. Approval Committee directed Specified Officer to get the stock verification exercise done in accordance with Customs Rules & Regulation. D.C. (Customs) SEZ, Jaipur has submitted report after stock verification vide letter dated 07.05.2018.n , ,,-t-.h2 Ka- W"/ Page 12 of 23

The Approval Committee observed that as per APRs Export / Import NFEE details are as under :- in Lakhs Year 2012-13 2013-14 2014-15 2015-16 2016-17 Total FOB Value of Export t.5l 0.00 0.00 t37.17 1232.58 137 t.26 0.00 0.00 0.00 t34.02 1212.05 1346.07 NFEE for last five year (l ) {2) 1.51 0.00 0.00 3.15 20.53 25.t9 5. The Approval Committee further observed that the Approval Committee in its meeting held on 18.05.2018 had deferred the matter with the direction to D.C. (Customs), Sitapura SEZ & ADC of Sitapura Jaipur SEZ to submit the proposal in the next Approval Committee Meeting with full facts / documents i.e. Export, Import, NFE, value addition, job work details etc. during last five years of operation. Accordingly D.C. (Customs) JSEZ submitted the said report. The same was placed before the Approval committee for deliberations. 6. D.C. (Customs) JSEZ in his report has inter-alia mentioned that for carrying out the authorized operations mentioned in their LOA, the Unit procured raw materials viz., Gold & Silver by way of import from an overseas entity free ofcost and provided only manufacturing services to them. Hence, they basically provided only manufacturing services to an overseas entity. Regarding manufacturing service Rule l3(6) of SEZ Rules, 2006, provides as under:- The provisions of Rule 18(6) ofSEZ Rules, 2006 are reproduced below for ready reference: '(6) Units mcry also be set up for providing services or manufacluring services lo Overseas Entities subject to following conditions, namely:- a) capital goods, raw maleriols including consumables sub- assemblies, components, semi-finished goods shall be supplied by the Overseas Entilyfree ofcost; (b) capital goods for setting up such facilities may also be supplied on loan or lease bosis, provided the nolional value of such capital goods shall be tal@n into account for calculation of Net Foreign Lrchange Earnings under rule 53; (c) finished goods shall be exported out of the country or transferred to IVarehouse to be maintained by the Overseas Entity: (d) the Unit shall receive the consideration for its mandacturing services exchange directly from the said Overseas Entity; (e) in case the said manufacturing facility is used by the tlnit for carrying out production on its own account, separate accounts shall be mainlainedfor the mandacturing and service activity." 7. DC, Customs, JSEZ had also pointed out that in terms of the above Rule the Unit was required to get approval from the Approval Committee for providing manufacturing services to overseas entities in the LOA besides the approval ofmanufacturing activity. Further, as per the provision ofclause (a) & (b) of the rule lg (6) the capital goods and other sub assemblies shall also be supplied by the overseas entity but in the instant case the same have been procured indigenously by the Unit resulting ip violation of the provisions of Rule [ ' o^^^-]^AL Page r3or23 \f.r^^ the Customs Bonded in convertible foreign

a l8(6) ofSEZ Rules, 2006. Besides the Customs authorities had also pointed out certain Customs procedural lapses on the part on the unit for which they are taking action as per Customs Rules. 8. The Customs authorities had called Smt. Bharti Sharma for rendering her statement in the matter. DC, Customs, JSEZ apprised the Approval Committee that Smt. Bharti Sharma in her statement dated I 1.06.201 8 had expressed her reluctance for renewal ofLOA and also had terminated all authorized signatories except her husband. 9. Shri Vikash Shama (Husband of Bharti Sharma, proprietor), Sh.Amit pal Singh former authorized signatory, Shri Dharmendra, CA were present on behalfofthe unit. Shri Vikash Shama informed that he was under the impression that Mr. Amit Pal Singh, power of attorney holder will take necessary permission for extension of LOA. 10. The matter was deliberated by the Committee in detail. [t was observed that the unit had first applied on 24.06.2017 for extension of LOA No. 2- 182-SEZ-ll(J)Proj./651 dated 23.01.2009. The same was considered by the Approval Committee in its meeting held on 18.05.2018 and was deferred with the direction to D.C. (Customs), Sitapura SEZ & ADC of Sitapura Jaipur SEZ to submit the proposal in the next Approval Committee Meeting with full facts / documents i.e. Export, Import, NFE, value addition, job work details etc. during last five years ofoperation. I l. In so far as activity ofthe unit to the extent that it was doing only manufacture services is concemed it was noted that such activities were being done by other G& J units also in JSEZ and NSEZ. The contention of such entrepreneurs was that such services are permissible under Rule 27 (l) of SEZ Rules, 2006. Rule 27 (l) is reproduced below for ready reference:- "A Unit or Developer may import of procure from the Domestic Tarif Area without payment of duty, taxes or cess or procure from Domestic Tarif Area after availing export entitlements or procure lrom other Units in the same or other Special Economic Zone or from Export Oriented Unit or Softwore Technologt Park unit or Electronic Hard,vare Technologt Pork unit or Bio-lechnologt Park unit, all type of goods, including capital goods (new or second hand), raw materials, semi-finished goods, (including semi- finished Jewellery) component, consumables, spares goods and materials for making capital goods required for authorized operotions except prohibited items under the Import Trade Control (Harmonized System) Classifications of Export and Import ltems" 12. Further, contention of such entrepreneurs was that Rule 27 (6) gives them additional facility for procurement of Raw materials. Rule 27(6) is reproduced below for ready reference:- fun---kF' Page 14 of23

o "A gem and jewellery Unit malt also source on outright purchase basis or loan basis, gold or silver or platinum through the Nominated Agencies and where such sourcing is on loan basis, the same shall be subjected to the conditions applicable to such transactions under the provisions of the Foreign Trade Policy in force ". 13. When this issue came to the notice of Zone Administration full facts were referred to DOC for clarification. DOC vide their letters dated 28.08.2017 and 19.09.2017 has clarified as under:- "It has been decided that the provisions of Rules 27(6) may be strictly adhered to and precious metals imported by SEZ (/nits on loan basis should be sourced only lhrough Nominated Agencies" 14. Since then the G&J units are not allowed to import Gold on loan basis. When the units were doing import of gold on loan basis, their consideration was to the extent ofjob-work charges only. Therefore their NFE is to be seen with reference to forex earned by them on the basis of Job charges by treating notional value ofgold obtained on loan basis as zero. 15. After due deliberations, Approval Committee decided as under:- i. In respect of Customs related issues, the decisions will be taken by Customs Authorities as considered appropriate. ii. Approval Committee directed Mr. Vikash Sharma to give in writing for extension of LOA along with clarification with regard to earlier submission ofnot taking further extension. That it will take decision on merit after all the information /documents are available before it. 3 (i). Inclusion of additional items / Revised Projections and enhancement of C.G. and RM' in LOA- reg. It was informed to the Approval Committee that M/s Vaibhav Global Limited, a Unit in Jaipur Special Economic Zone, has submitted a proposal for inclusion ofadditional items, revised projections and enhancement of the value of imported C.G. & R.M. in the LOA. Details ofexisting & proposed additional authorized operation:- Existins Authorized Operation Proposed additional Authorized Operation Item of manufacture Annual caDacitv Item of manufacture Annual caDacitv l. Gold Studded/ Plain Jewellery 450 Kg. (104000 Pcs) l. Gold Studded/ Plain Jewellery 450 Ks. (104000 Pcs) 2. Silver Studded/ Plain Jewellery 43200 Kg. (5921356 Pcs) 2. Silver Studded/ Plain Jewellery 43200 Kg. (5921356 Pcs) 3.Platinum Studded/ Plain Jewellery 105 Ks. (27,000 Pcs) 3.Platinum Studded/ Plain Jewellery 105 Ks. (27.000 Pcs) (v^^^'^ J''l'}--- Page 15 of23

o 4. Base Metal Studded /Plain Jewellerv 5.Used /Old/Broken Jewellery ( 5.Used /Old/Broken Jewellery (Gold r' Silver/Platinum/Base 6. Horns / Bones / Mother of Pearl / Sea 6. Homs / Bones / Mother of Pearl / Sea . Stone Beads Jewellery 8. Cut & Polished / Perform (precious / semi precious / synthetic / others ) 9. Gadget Jewellery (with Silver Gold / Platinum / Base Metal 10 Watch Jewellery (with Gold/Platinum/Base It was further informed that the unit has also submitted revised additional items / revised projection & Value of Capital of Imported Capital Consumable etc. details are as under:- form-F for inclusion of Goods & Raw Materials, Investment (Plant & in Lakhs Particulars (for five vears) Existins Proiection Revised Proiection Projected FOB value of exports 63500.00 1,01,700.00 Foreign Exchange Outgo 44346.00 70,498.00 NFE over a period of 5 years 19154.00 31,202.00 Requirement of Imported Capital Goods / Raw Materials & Indigenous Consumable etc. in Lakhs Particulars Existinq Value Revised value Imported Capital Goods 463.00 466.00 Indigenous Capital Goods 274.00 276.00 Imported Raw Material 43700.00 50984.00 lndigenous Raw Materials / Consumable / Components 1500.00 t 550.00 It was further informed that as per APR's unit has made total exports of Rs. 427.62 Lakhs during ils first five years of operation and NFE of the unit has remained positive, as would be evident from the following table:- alue in Rs. Crore year 20ts-L6 2016-t7 2077-L8 2018-19 (up to June-18 Tota I Expo( 10.t6 1 17.58 238.16 61.72 427.62 Import 7.76 83.77 179.84 42.41 313-78 NFE 2.40 33.81 58.32 t9.3l 113.84 t6 f**h Page of23

Shri Girdhari Lal Sharma, General Manager, appeared before the Approval Committee on behalf of unit and explained the proposal. Shri Sharma also presented before the Approval Committee the sample of items proposed to be included in the LOA. After due deliberations, Approval Committee approved the proposal of lWs Vaibhav Global Limited for Inclusion of additional items / Revised Projections and enhancement ol C.G. and R.M. in their LOA, subject to execution ofrevised Bond-Cum-Legal Undertaking by the unit. 4 (i). Review of Exoort Performance-reg. It was informed to the Approval Committee that IWs Rawat Creation Jewels Pvt. Ltd,, Plot No. Gl- 148, SEZ-II, Jaipur, Total Area 1000 Sqm. has been granted LOA No. 2- I 2 I -SEZ-l(J)Proj./ 448 dated 15.06.2006. The unit has started production on 01.07.2009. Accordingly first five years of operation of the unit was completed on 30.06.2014 & LOA was renewed / extended for a further period of 5 years upto 29.06.2019. The case of the unit was placed before the Approval Committee in its meetings held on 17.06.2016 & 19.05.2017 for review of export performance. Approval Committee noted that unit had not made any export during the year 2014-15. Approval Committee further noted that unit has made an export Rs. 13.53 Lakhs for the year 2015-16 and Rs. 32.19 Lakhs for the year 2016-17 . No reprcsentative from the unit appeared before Approval Committee meeting held on 18.05.2018. The Approval Committee decided to give another opportunity for personal Hearing to the unit to present their case and decided that the export performance ofthe unit be again reviewed in its next meeting. As per record export performance ofthe unit is as under:- (Rs. in Lacs) Year 2014-15 2015-16 2016-17 2017-18 2018-19 (up to 10.07. t 8) Total FOB Value of Export 0.00 13.53 32.19 0.00 0.00 45.72 Foreign Exchange out eo 0.00 0.00 25.08 0.00 0.00 25.08 Net Foreign Exchange eaming for last five vear (1)'- (2) 0.00 13.53 7.11 0.00 0.00 20.64 Shri Aswani Sharma, Manager, appeared before the Approval Committee and explained business plans & targets. Approval Committee took a serious view on non-appearance of Directors of the Unit and conveyed its displeasure. The Performance of the unit was reviewed in terms of Rules 54 of SEZ Rules, 2006 and the Approval Committee noted that the LOA is valid up to 29.06.2019. Approval Committee noted that the unit had not made any export during 2014-15, 2017-18 & 2018-19 (up to 30.6.2018) However, the unit has made export of Rs. 32.19 Lakhs during 2016-17. Representative informed that they will commence export in September, 2018. After due deliberations, Approval Committee directed the representative of earliest- the unit to start export activity at the t.-. Ju._- ' Page l7 of23 (**t

I 4(ii).@ It was informed to the Approval Committee that tWs N.K. Jewels Pvt. Ltd, Plot No. H1-126, SEZ- II, Jaipur, toral area 500 Sqm., has been granted LOA No.2-21212013-SEZ-ll(J)Proj./ 244 dated 21.05.2014. The unit has started their production on 25.06.2014. LOA is valid up to 24.06.2019. The case of the unit was pf aced before the Approval Commiftee in its meeting held on 22.09.2017 for review of export performance. Approval Committee noted that unit had not made any export during 201 5- 16 & 2016-l'l . Only export of Rs. 0.83 Lakhs was made for the year 2014-15. No representative from the unit appeared before Approval Committee meeting held on 18.05.2018. The Approval Committee decided to give another opportunity for personal Hearing to the unit to present their case and decided that the export performance ofthe unit be again reviewed in its next meeting. As per record export performance ofthe unit is as under:- (Rs In Lakts) Year 2014-15 2015-16 2016-17 201'7-18 2018-19 (up to 10.07.18) Total FOB Value ofExport 0.83 0.00 0.00 0.00 0.00 0.83 0.00 0.00 0.00 0.00 0.00 0.00 Net Foreign Exchange eaming for last five year (l )- (2) 0.83 0.00 0.00 0.00 0.00 0.83 Shri N K Malpani, Director, appeared before Approval Committee and informed that at present the global economy is very un-stable and they had tried their best to receive orders from foreign buyers. After due deliberations, Approval Committee directed the representative ofthe unit to start export activity at the earliest. Approval Committee further decided that if the performance of the unit is not found satisfactory then the LOA may not be renewed further. 4 (iii) Review of Export Performance-res. It was informed to the Approval Committee that lvl/s Punam Jewels & Beads Inc, Plot No. H-l21, SEZ-ll, Jaipur, total area 700 Sqm., has been granted LOA No. 2-213/2013-SEZ-II(J)Proj./ 245 dated 21.05.2014. The unit has started their production on 25.06.2014. LOA is valid up to 24.06.2019. The case of the unit was placed before the Approval Committee in its meeting held on 22.09.2017 for review of export performance. Approval Committee noted that unit had not made any export during 2015-16 & 2016-17. Only export ofRs. 1.04 Lakhs was made for the year 2014-15. No representative from the unit appeared before Approval Committee meeting held on 18.05.2018. The Approval Committee decided to give another opportunity for personal Hearing to the unit to present their case and decided that the export performance of the unit be again reviewed in its next meeting. k ---' lr"b- Page 18 of23

As per record export performance ofthe unit is as under:- In Lakhs Year 2014-t 5 2015-16 2016-17 2017- l8 2018- 19 ( 10.07.18) Total FOB Value ofExport 1.04 0.00 0.00 0.00 0.00 r.04 0.00 0.00 0.00 0.00 0.00 0.00 Net Foreign Exchange earning for last five year (1F (2) 1.04 0.00 0.00 0.00 0.00 1.04 Shri N K Malpani, Partner appeared before Approval Committee and informed that at present the global economy is very un-stable and they had tried their best to receive orders from foreign buyers. After due deliberations, Approval Committee directed the representative ofthe unit to start export activity at the earliest. Approval Committee further decided that if the performance of the unit is not found satisfactory then the LOA may not be renewed further. 4iv)@ It was informed to the Approval Committee that lWs Exxotic Jewellery, Plot No. G1-147, SEZ-II, Jaipur, total area 1000 Sqm., has been granted LOA No. 2-129-SEZ-ll(J)Proj.l 492 dated 03.07.2006. The unit has started their production on 01.07.2009. The LOA is valid up lo 29.06.2019. The case of the unit was placed before the Approval Committee in its meeting held on 22.09.2017 for review of export performance. Approvaf Commiftee noted that unit had not made any export during the year 2013-14 & 2016-17 only export of Rs. 0.39 Lakhs was made for the year 2014-15 &. Rs. 0.43 Lakhs during the year 2015-16. No representative from the unit appeared before Approval Committee meeting held on 18.05.2018. The Approval Committee decided to give another opportunity for personal Hearing to the unit to present their case and decided that the export performance ofthe unit be again reviewed in its next meeting. As per record export performance ofthe unit is as under:- (Rs ln Lakhs) Year 2014-ts 2015- l6 2016-17 2017-18 201 8-19 (10.07.18) Total FOB Value of Export 0.39 0.43 0.00 0.40 0.00 1.22 0.00 0.00 0.00 0.00 0.00 0_00 Net Foreign Exchange earning for last five year (lf (2) 0.39 0.43 0.00 0.40 0.00 1)) Shri Pawan Kumar, Manager, appeared before Approval Committee and explained business plans & targets.He also informed that they have export orders ofRs. 20-22 Lakh approx.. in hand. k'.^^-tJ+ Page 19 of23

I After due deliberations, Approval Committee directed the representative of the unit to start export activity at the earliest. Approval Committee further decided that if the performance of the unit is not found satisfactory then the LOA may not be renewed further. 4 (v) Review of Export Performance -reg. It was informed to the Approval Committee that M/s, Globe Intemational, Plot No. H-49, total Area 700 Sqm. SEZ-ll, Sitapura, Jaipur, has been granted LOA No. l -28l2003-SEZ-l(J)Proj./303 dated 28.06.2011. The unit has started production on 25.06.2014 and LOA is valid up to 24.06.2019. The case of the unit was placed before the Approval Committee in its meeting held on 23.1 1.2017 for review of export performance. Approval Committee noted that unit had not made any export during the period from 2016-17 . Approval Committee further noted that unit has made an export Rs. 9.18 Lakhs for the year 2017-18 The representative of unit was directed that this is the last opportunity to improve your export performance and UAC decided that the export performance of the unit be again reviewed in its meeting to be held in July, 2018. The Export Performance ofthe unit for last years are as underi (Rs in Lakhs) Year 2014-15 20ts-16 2016-17 201'.7-18 2018-19 ( r 0.07.18) Total FOB Value of Export 4.92 2.33 0.00 9.18 4.49 20.92 0.00 0.00 0.00 0.00 0.00 0.00 Net Foreign Exchange earning for last five year(lf (2
4.92 2.33 0.00 9.r8 4.49 20.92 Shri Ravi Khandelwal, Authorized Signatory appeared before Approval Committee and explained business plans & targets. After due deliberations, Approval Committee directed the represenlative ofthe unit to start export activity at the earliest. Approval Committee further decided that if the performance of the unit is not found satisfactory then the LOA may not be renewed further. 4 (vi). Review of Exnort Performance.res. It was informed to the Approval Committee that M/s Lee Jewellery Pvt. Ltd, Plot No. H-50-51, SEZ-I, Jaipur, total area 1400 Sqm., has been granted LOA No. 144lSEZ-l(l)Proj.l 775 dated 09.11.2006. The unit has started their production on 03.1 1.2010. Accordingly first five years of operation ofthe unit had completed on 02.11.2015 & LOA was renewed / extended for a further period of five years i.e. up to 01.11.2020. (* u^^--u-t+ Page 20 of23

I The Exnort Perfonnance ofthe unit for last years are as under:- in Lakhs Year 20t 5-16 2016-17 2017 -18 2018-19 (up to 10.07.l8) Total FOB Value of Export 2.66 0.00 0.00 0.00 2.66 0.00 0.00 0.00 0.00 0.00 Net Foreign Exchange eaming for last five year (lf (2) 2.66 0.00 0.00 0.00 2.66 Shri Anil Kumar Garg, Director appeared before the Approval Committee and explained business plans & targets. The Performance of the unit was reviewed in terms of Rules 54 of SEZ Rules, 2006 and the Approval Committee noted that the LOA is vatid up to l.l1.2020. Approval Committee noted that the unit had not made any export durin 92014-15,2017-18 & 2018-19 (up to 30.6.2018). After due deliberations, Approval Committee directed the representative of the unit to start export activity at the earliest. Approval Committee iurther decided that if the performance of the unit is not found satisfactory then the LOA may not be renewed further. 4 (vii). Review of Export Performance-res. It was informed to the Approval Committee that N{/s Om Royal Jewels Pvt. Ltd, Plot No. F-26' SEZ- II, Jaipur, total area 2000 sqm., has been granted LOA No. 2-108-SEZ-II(J)P roj.l97 dated 18.05.2010. The unit had itarted export production on 09.iI.2011. Accordingly first five years of operation of the unit had completed on Og.ft.zOiO & LOA was renewed / extended for a further period of five years i.e. up to 08.11.2020. The Export Performance ofthe unit for last years are as under:- (Rs In Lakhs) Year 2014- l5 2015-16 2016-17 201'7-18 2018-19 (up to 10.07.18) Total FOB Value of Export 15.37 14.88 0.00 0.00 0.00 30.25 0.00 0.00 0.00 0.00 0.00 0.00 Net Foreign Exchange eaming for last five year (1)- (2) 15.37 14.88 0.00 0.00 0.00 30.25 However, no one fiom the unit appeared before the Approval Committee to explain the business plans & targets. After due deliberations, Approval Committee deferred the proposal for next Approval Committee meeting. k-^^-,-t-l't Page 2l of 23

r 4 (viii) Review of Exoort Performance-req. It was informed to the Approval Committee that IWs Valentine Jewellery International, Plot No. Gl-12, SEZ-L, Jaipur, total area 1000 Sqm., has been granted LOA No. 1-33120O3-SEZ-I (J)Proj./ 2213 dated 04.1 1.2003. The unit has started their production on 0l .04.2006. Accordingly first five years of operation of the unit had completed on 31.03.2016 & LOA was renewed / extended for a further period offive years i.e' up to 29.03.2021. The Export Performance ofthe unit for last years are as under:- (Rs In Lakhs) Year 2015-16 2016-17 20t 7-t I 2018- 19 (up to 10.07.18) Total FOB Value of Export 4.84 0.00 0.00 0.00 4.84 Foreim Exchange out go 0.00 0.00 0.00 0.00 0.00 Net Foreign Exchange eaming for last five year (1)- (2) 4.84 0.00 0.00 0.00 4.84 Shri Vijay Kumar Chourdia, proprietor appeared before Approval Committee. Sh. Chordia thanks DC for organizing an Open House Session for discussion on Problems of SEZ and thereafter he explained his business plans & targets. The Performance ofthe unit was reviewed in terms of Rules 54 ofSEZ Rules,2006 and the Approval Committee noted that the LOA is valid up to 29.03.202L Approval Committee also noted that the unit had not made any export from 2016-17 till date. After due deliberations, Approval Committee directed the proprietor of the unit to start export activity at the earliest. Approval Committee further decided that if the performance of the unit is not found satisfactory then the LOA may not be renewed further. k-^""*kJ,, Page 22 of 23

.t o MOMTORING OF CASE UNDER RULE 19(6) of SEZ Rules.2006 The following units have completed fiie years of production. Since NFE is positive, the Development Commissioner has granted permission for renewal of LOA for next five years in terms of Rule 19(6) ofSEZ Rules,2006. Accordingly, the performance of the units during first five years of operation was placed before Approval Committee for review. It was informed that the above units had achieved positive NFE and the Development Commissioner had granted extension for further period offive years, in terms of Rule l9(6) ofSEZ Rules, 2006. After due deliberation, Approval Committee noted achievement ofpositive NFE by the above units. Meeting ended with a vote ofthanks to the chair. Development Commissioner ( Rs. in Lakhs) S.No. Nam. of Unit LOA dste/ Date of Production l"Fivc yerr complcted Ext.nsion grrntcd upto Export For I't fivc years Import For 1" five yea13 Pcnding rcalizrtiotr (BRC) Emplo- ymcnt (D M/s Lakhotiya Jewellery Mfg. Co. P. No.H l-77,SEz-ll 28.05.20041 12.05.2008 10.05.2018 10.05.2023 l2l.53 46.03 NIL 05 (ii) iv{/s KCK Diamond P. No. C.96, SEZII t6.06.2004t 3t.05.2008 29.05.2018 29.05.2023 87.03 t6.59 NIL l0 (iii) lv'l/s Derewala J€wellery Mfg. Co. P!1. Lrd, 01.05.20061 01.07.2008 29.06.2018 29.06.2023 6985.56 5650.90 NIL 300 (iv) lvlls Jewellery Forest Pvt- l,td 08.01.2007/ 30.06.2008 28.06.2018 28.06.2023 333't.20 314.70 NIL 142 Page 23 of 23