05/09/2018 पर NSEZ के अनुमोदन समिति की बैठक का कार्यवृत्त

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Tel. Zone Office: [Code- hom outside 0120 / flom Delhi 95120)] 2567270,302-1444/5/ 6, Fax:2562374,25046 City Office Telefax : 011-26855061: E-mail : <dcohsc2.!.ov.in> : website: <!ry1!!!9Lpy.:!>

(Mlnutes of MeetlnS of Approval Committee of Nolda SEZ held onOSlOgl2OTSl Paee I of 19 Minutes of meeting of the Approval Committee of Noida SEZ held under t]re Chairmanship of Dr, L.B, Singhal. Develooment Commissioner [DC), Noida SEZ at 11:30 AM on 05/0912018 in the Conference Hall of NSEZ. The following members of the Approval Committee were present during the meeting:-

1. Shri S,S. Shukla, Jt. Development Commissioner, NSEZ,
2. Shri Raiesh Sharma, Asstt. Commissioner, Customs, Noida Commissionerate.
3. Shri R.L. Meena, Assn. DGFT, O/o Addl. DGFT, CLA, New Delhi.
4. Smt. Durgesh Nandini, Income Tax Officer, Income Tax Deptt., Noida.
5. Shri Mukesh Goyal, Manager, (Rep. of Noida Authority).

Besides, during the meeting S/Shri (iJ R.K. Srivastava, Dy. Development Commissioner, NSEZ, (ii) Rajesh Kumar, Dy. Development Commissioner, NSEZ (iii) Md. Salik Parwaiz, Specified Officer, NSEZ, (iv) Prakash Chand Upadhyay,OSD to DC, NSEZ, (v) Vijay Kumar, SDO, UPPCL, (vi) K M Srivastava, AEE, UPPCB, Noida, (vii) Kapil Muni, fE, UPPCL, Noida and [viii) Smt. Archana Bharti, Noida Authority 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:- (i) Ratification of Minutes of last meeting of the Approval Committee held on 0r/oB/2078. It was informed that no reference against the decisions of the Approval Committee held on0ll0B/2078 was received and, therefore, Minutes of the meeting held on 01/08/2018 were ratified. (*** l.- ,"Y-'-

(Minutes of Meetint of Approval Committee of Noida sEz held on 05/09/2018) Item wise decisions on proposals included in agenda: Paee 2 of 19 a 1. Proposal in respect of M/s. Virtrlal Employee PvL Ltd. performance and renewal of LOA. for Monitoring of It was informed to the Approval Committee that M/s. Virtual Employee PvL Ltd. had been issued LOA dated 06/09/201L for IT Enabled Services (BP0 Services). The unit commenced its export activities w.e.f. 30 /04/20L3 and LOAisvalidtill 29 /09 /2018. It was informed to the Approval Committee that unit has made exports worth Rs. 8994.15 Lakhs and achieved NFE earnings worth Rs. 8668.85 Lakhs during previous block of five years as per APRs for the year from 2013-14 to 20L6-17 .lt was further informed that as per details received from unit vide its letter dated 25/06/2018, unit has made exports worth Rs. 5118.66 Lakhs and earned NFE worth Rs. 5004.18 Lakhs during 2017-18. The Approval Committee monitored the performance of the unit and noted achievement of positive N FE by the unit. It was also informed that the unit has not been submitting softex forms for attestation. Shri Narinder Singh Mahil, director of the company appeared before the Approval Committee. Shri Mahil informed that they are providing Manpower services with Good Infrastructure facilities from their premises under the concept of "Served from India" and enhancing [ndia's strong reputation in skill and quality manpower as the best service provider of human resource. He further stated that they raise invoices to their clients for income on employee salary and infrastructure cost. Shri Mahil also informed that in their case Softex forms are not required as they do not provide services related Computer software, Audio or Video or Television Software' The Approval Committee, after due deliberations, directed the unit to submit all the details on the services being rendered by them along with their submission on softex forms. The Approval Committee decided to constitute a Committee under the chairmanship of f DC, NSEZ comprising of Shri R.K. Srivastava, DDC, Md. Salik Parwaiz, DC Customs, NSEZ and Shri Ralesh Sharma, Asstt. Commissioner, Noida Custom Commissionerate which will examine the matter related to submission of softex forms V^^,-'^

Noida Special Economic Zone (Mlnutes of Meeting of Approval Committee of Nolda SEZ held on 05/09/2018) Paee 3 of 19 a inter alia in the light of Agreement betvveen the unit and its overseas client as well as scope of services. It was also decided that the Committee will visit the uni! if required. Committee will submit its recommendations which will be placed before the Approval Committee in its next meeting for consideration and decision. The Approval Committee meanwhile also decided to renew the LOA for a period of 3 months i.e. upto 29/L2/2018 subject to the condition that unit shall comply with Section 2(z)(iii) of SEZ Act, 2005. Proposal in respect of M/s. Royal Exports for Monitoring of performance; Renewal of LOA and inclusion of additional authorized operations. It was informed to the Approval Committee that M/s. Royal Exports had been granted an LOA dated L5/03/2000 for Manufacturing & Export of Plain & Studded Gold, Silver, Platinum fewellery. The unit has commenced its export activities w.e.f . 29 /03 /2000 and LoA of the unit was valid up to3l/03/2018. It was informed that Approval Committee in its meeting held on 03 /05 /2017 had monitored the performance ofthe unit and extended the validity of LOA for one year upto 3L/03/20L8 subject to condition that no further extension may be allowed in case performance ofthe unit is not found to be satisfactory during the extended period. The Approval Committee observed that unit has made exports worth Rs. 1.01 Crores and Rs. 1.49 Crores during the year 2016-17 &2017-lB respectively. The Approval Committee also observed that lease rent amounting to Rs.Z,9B,379 /- is currently outstanding against the unit. It was informed that the Approval Committee in its meeting held on 06/06/20L8 had deferred the matter with a direction to the unit to submit copies of proof of deposit of lease rent and documentary evidence for realization of pending foreign exchange amounting to Rs. 57.54 Lakhs. However, the unit has till date not complied with the directions of Approval Committee. It was also informed that unit has also submitted a proposal for inclusion of export of loose diamond in its authorized operations. l;;2 V^^r-a'-

(MInutes of MeetinS ot Approval committee of Noida SEz held on 05/09/2018) Pase 4 of 19 a Shri Prashant Soni, authorized representative of the unit appeared before the Approval Committee. He informed that due to imposition of duty on jewellery in Dubai, their export business was adversely affected. He accepted delay on their part for deposition of lease rent and informed that they will submit bank draft clearing entire lease rent on that day i.e.05/09/2018. He further stated that they are in talk with their buyer for realization of pending forex. However, it will take some time to realize the same. Approval Committee directed Shri Soni to get the permission from AD Bank or from the RBI as the case may be, for extension of time for realization of pending forex. Shri Soni further stated that now they have orders for exports and are expecting to make exports worth approx. 6-7 Crores per year, He also stated that around 20-30 employee are currently working in the unit. He further stated that they want to include export of loose diamonds in their authorized operations, for which they have better business plan. The Approval Committee observed that the proposal of unit is for trading of Diamonds. The Approval Committee, after due deliberations, decided to extend the validiry of LOA for a period of one year upto 31/08/2019 subject to payment of pending lease rent and directed the unit to increase its performance in the extended validity period. However, keeping in view the dismal performance of the unit during last few years, outstanding foreign exchange realization and pending lease rent, the Approval Committee deferred with the request of unit for inclusion of export of loose diamonds in its authorized operations. 3. Proposal in respect of M/s. Sage Exports for Monitoring of performance; Renewal of LOA and inclusion of additional manufacturing items in authorized operations. It was informed to the Approval Committee that M/s. Sage Exports had been issued LOA dated 24/05/?006 for Manufacturing activities. The unit commenced its export production w.e.f .19 /08/2008 and LOA is valid till 18/t0 /2018. It was informed to the Approval Committee that unit has made exports worth Rs.2040.22 Lakhs and achieved NFE earnings worth Rs. 1864,75 Lakhs during previous block of five years as per APRs for the year from 2013-14 to 2016-77.It was further informed that as per details received from NSDL, unit has made exports worth Rs. 13.91. Crores during 201,7 -].B. The Approval Committee monitored the performance of the unit and noted (r**'

(Minutes of Meeting of Approval Committee of Nolda sEz held on 05/09/2018) Page 5 of 19

achievement of positive NFE by the unit. It was informed to the Approval Committee that along with the request for renewal of L0A, unit has also submitted a proposal for inclusion of manufacturing of Table Runner, Placemat, Coaster, Napkin Ring (lTC HS 70181090 & 54071019) in its authorized operations, Smt. Arti Kapoor, partner of the firm appeared before the Approval Committee' She informed that currently there are around 45-50 employees in the unit. Their main export markets are USA, Europe, Australia etc. She further informed that apart from the existing authorized operations, they are getting enquiries for Table Runner, Placemat, Coaster, Napkin Ring etc. Smt. Kapoor informed that proposed additional items are hand made goods made with the help of wooden Addas and as such there is not any extra requirement of machinery. She further informed that they are projecting 15% increment in exports and will employ around 15 additional employees. The Approval Committee, after due deliberations, decided to renew the LOA for remaining period of five years i.e. upto lB/08/2023. The Approval Committee also approved the proposal of unit for inclusion of Manufacturing of Table Runner, Placemat, Coaster, Napkin Ring (lTC HS 70181090 & 54071019) in its authorized operations. 4. Proposal in respect of M/s, Reliance Precitone fewellers Pvt. Ltd. for inclusion of additional authorized operations. It was informed to the Approval Committee that M/s, Reliance Precitone fewellers Pvt. Lrd. had been issued LoA dared t3/01/2016 for Manufacturing & Export of Glass Beads, Costume Jewellery and Handicraft items falling under ITC HS 6101, 6t02,6103' 6104, 6105, 6106, 6LO7 & 6109. The unit has commenced its export production w.e.f. 0l/12/1993 and its LOA is valid upto 3l/0312079. lt was informed to the Approval Committee that the unit has submitted a proposal for Manufacturing & Export of Readymade Garments including Ladies & Gents in its authorized operations. The Approval Committee observed that the export performance of Q**h Ji^'

(Mlnutes of Meeting of ApprovalCommlttee of Nolda SfZ held on OS|O9l20,,al Pase 6 of 19

the unit is very low. The unit could make exports worth Rs. 6.29 Lakhs only over a period during 20L4-L5 to 20L7 -lB. Shri R.K. Gupta and Shri Akash Gupta, directors appeared before the Approval Committee. Shri Gupta stated that they have received export order from Thailand for production, supply and export of the proposed products which also goes with their line. He further stated that they will procure fabric from overseas as well as from domestic market. He also informed that they will also undertake some job work outside the zone to speed up their production & to reduce cost in their existing LOA. It was informed to the representatives that proposed additional items relate to altogether a different sector than the existing authorized operations of the unit and as per Instruction No. 69 issued by Deptt. of Commerce, unrelated items cannot be allowed. The Approval Committee asked Shri Cupta whether they want to do activities related to existing authorized operations or want to diversiff their authorized operations to Garment Industry. Shri Gupta stated that the garments they will manufacture will invariably use beads and other existing products in their authorized operations. Shri Gupta further stated that all the value additions in their products are due to beads, buttons and embellishments, glass or acrylic chatons and metal closings. He emphasized that new items will be in sync with existing items and will enable them to achieve high value addition. He requested to grant them approval for manufacturing & export of Garments using any one of their existing products as it also goes with their existing line of business. The Approval Committee, after due deliberations, agreed to the request of unit for inclusion of additional authorized operations. Revised authorized operations of the unit shall be as under: "Manufacturing & Export of Glass Beads, Costume fewellery and Handicraft items falfing under ITC HS 6101, 6102, 6t03, 6104, 6105, 6L06, 6107 & 6L09 and Garments using any one of the above items." The Approval Committee also directed the unit to increase its export performance, their exports were worth Rs. 6.29 Lakhs only over a period during 2014-15 to 20U'18' k*-*L&

lMlnutes of Meetint of Approval committee of Nolda sEz held on 05/09/2018) Paqe 7 of 19 t, 5. of Proposal in respect of M/s, Knitpro International (Unit'll) for Addition Silver/Silver alloy as raw material for authorized operations' It was informed to the Approval Committee that M/s. Knitpro lnternational (Unit-llJ had been issued LOA dated 13/01/2016 for manufacturing & export of (i) Handmade Accessories and parts thereoi [ii) Hobby and Craft Kits & parts thereol (iii) Household & Furniture Products & parts thereof, (iv) Decorative Products & parts thereof and (v) Fashion & imitation .lewellery & parts thereof. The unit has commenced its export production w.e.f.?6/08/2016 and its LoA is valid upto25/08/2021. It was informed to the Approval Committee that unit has submitted a request for addition of silver/silver alloy as an input raw material in their project. Shri R.C. fain, partner in the firm appeared before the Approval Committee. Shri fain informed that a few of their foreign buyers require the fashion & imitation jewellery to be fitted with silver/silver alloy components that would be in addition to usage of brass, stainless steel and other metals. This is required as in few countries like lapan, some customers have allergic tendencies towards stainless steel & brass components and therefore prefer to use silver/silver alloy components. He further stated that their jewellery would primarily be made of wood and 500/o of their jewellery would be in pure wood and remaining would be in wood with components made in stainless steel, brass, silver or silver alloy. He also stated that the silver/silver alloy usage would be limited and not exceed 10gms in most of the pieces where it is to be used. The Approval Committee, after due deliberations, approved the request of unit for addition ofsilver/silver alloy as an input raw material in their project. 6. Proposal in respect of M/s, Gold Craft International for lnclusion of additional authorized operations in LOA. It was informed to the Approval Committee that M/s. Gold Craft International had been issued LOA dated3l/05/2002 for Manufacturing & Export of Plain Gold/Platinum/Silver fewellery, Plain Casted Items & Studded Jewellery. The unit commenced its export

a Noida Special Economic Zone (Minutes of MeetlnS of Approval Committee of Noida SEZ held on 05/09/2018) Pase 8 of 19 production w.e.f . 14 / 72 / 200 2 and LOA is valid till L3 / 12 / 2022. It was informed to the Approval Committee that the unit has submitted a proposal for Annual permission of import upto 3 KG broken gold jewellery for repair/remaking in its authorized operations. Shri S.K. Mittal, proprietor of the unit appeared before the Approval Committee. Shri Mittal informed that in their unit, out of total annual export of about 150 kgs, 2-3 kgs jewellery gets damaged which their buyer wants to get it repair/remake. Hence, they want to apply for annual permission for import upto 3 kgs broken iewellery which were earlier exported by their unit. He further stated that their usual practice is to collect this accumulated broken jewellery once or twice in a year as they have asked their buyer to retain until it gets minimum 500gms to 1kg. It was informed that DOC has issued an lnstruction No. 51 dated 25/03/2010 vide which it has prescribed procedure to be followed by all G&f units in future for bringing in .iewellery, broken lewellery etc. for remaking remelting, repairing, etc. The Approval Committee, after due deliberations, approved the proposal of unit for inclusion of annual permission of import upto 3 KG broken gold jewellery for repair/remaking in its authorized operations subiect to compliance with Instruction No. 51 dated 25/03/2010. 7. Proposal in respect of M/s. Royal Refinery Pvt. Ltd. for inclusion of additional authorized operations. It was informed to the Approval Committee that M/s. Royal Refinery Pvt. Ltd. Pw. Ltd. has been issued LOA dated 2l/O3/20t6 for Manufacturing & Export of Plain Gold fewellery' Unit has commenced its export production w.e.t.0l/02/2016 and LOA is valid till 3r/0t/2023. It was informed to the Approval committee that the unit has submitted a proposal for inclusion of "Manufacturing & Export of Plain & Studded Handcrafted/ Machine made Silver Jewellery" in its authorized operations. Shri Vishal Choudhary, Director appeared before the Approval Committee. He informed 0***N

Noida Special Economic Zone (Minutes of MeetinS ol Approval Committee ot Nolda SEZ held onOslogl2olAl Pase 9 of 19 a that he had started as a gold trader and in 2012 ioined Royal Refinery Pvt. Ltd, as a director. He further informed that M/s. Royal Refinery Pvt. Ltd, has DTA units in Mumbai where 25-30 employees are working and has annual turnover of approx. Rs' 550 Crores (out of which there is export of worth Rs. 150 Crores). Shri Choudhary further stated that they have done the export of gold jewellery successfully. However, they got enquiries from their buyers and now they have orders for mainly silver jewellery. Hence, they have requested to include Manufacturing of Silver Jewellery in their authorized operations. The Approval Committee observed that some observations have been made by the nominated CA firm of NSEZ in the balance sheet of the company and its main stakeholder M/s. Royal Global Resources Private Limited which need to be rectified by the unit. The Approval Committee, after due deliberations, approved the proposal of unit for inclusion of Manufacturing & Export of Plain & Studded Handcrafted/ Machine made Silver fewellery in its authorized operations. The Approval Committee also directed the representative of unit to sit down with CA of NSEZ and rectify the deficiencies as observed in their balance sheet and submit the same at the earliest. 8. Proposal in respect of M/s. Harsh International for Change in partnership deed. It was informed to the Approval Committee that M/s. Harsh International had been issued LOA dated 02/06/2006 for Manufacturing of Filter Khaini' The unit commenced its export production w.e.t.06/09/2006 and LOA is valid till 05/09/2021. lt was informed that the unit has informed about addition of one more partner in the firm and change in shareholding pattern as under: Name 7o Shareholdlng prior to chanqe o/o Shareholding after change

1. Mr. R.K. Jain 500/o 5o/o
2. Mr. Yogesh fain 50o/o 50o/o
3. Mrs. Divya fain (new partner) 45o/o Change in Shareholding 4So/o Shri Ashish Kumar, authorized representative Committee. He informed that Mrs. Divya lain of the unit appeared before the Approval (incoming partner) is wife of Mr. Yogesh t* '^^-- b^*9---

fain (existing partner). He further informed that that they have applied for registration of revised partnership deed on 136 July 2018. However, due to shifting of registrar office, their application is still under process. He stated that they will submit amended partnership deed as soon as it get registered and requested to take the change in partnership deed on records. It was informed to the Approval Committee that DOC vide Instruction No.89 dated 77 /05/20L8 has issued guidelines regarding change in shareholding pattern, name change of SEZ Developer and SEZ Units which inter alia states as under: " S(ii) Re-organisation including Change of name, change in shareholding pattern, Dusiness transfer affangements, court opproved mergers ond demergers, change in constitution of Units located in SEZs malt be undertaken with the prior approval of Approval Committee in respect of Units subiect to the condition that the unit shall not opt out or exit out ofthe Special Economic Zone and continues to operate as a going concern. All liabilities ofthe unitwill remain unchanged on such reorganizotion. 6. Such reorganization shall be subject to the following safeguards:- i) Seamless continuity ofthe SEZ activities with unaltered responsibilities and obligations for the altered entity; ii) Fulfilment of all eligibility criterio applicable, including security clearances etc., by the altered entity and its constituents; iii) Applicobility of and compliance with all Revenue / Company Affairs /SEBI etc. Acts/Rules which regulate r'ssues /ike capital gains, equity change, transfer, taxability etc. iv) Full finoncial details reloting to change in equity/merger, demerger, amalgamation or transfer in ownership etc. shall be furnished immediately to Member 0f), CBDT, Department of Revenue and to the j u ri sd i cti o na I Authority. v) The Assessing )Jficer shall have the right to assess the taxability of the gain/loss arising out of the transfer of equity or merger, demerger, amalgamation, transfer and ownerships etc. as may be applicable and eligibility for deduction under relevant sections of the Income Tax Act, 1961. vi) The applicant shatt comply with relevant State Government laws, including those relating to lease of land, as applicable. vii) The unit shall furnish details of PAN and iurisdictional assessing olficer of the unit to CBDT." It was further informed that Doc vide Instruction No. 90 dated 03/0812018 has also (Mlnutes of Meeting of Approval Commlttee of Nolda SEz held on 05/09/2018) Paee 10 of 19 fu--^"'^ J''J-1

(Mfnutes of Meeting o, Approval committee of Noida sEz held onO'logl2olal Paee ll of 19 la clarified lhar "it moy not be interpreted thot prior approval of BOA/UAC is to be taken before approaching the Regisffar ofCompanies or the National Company Law Tribunal as is being some in some cases came to the notice of this department'. The Approval Committee, after due deliberations, decided to take the intimation of unit for change in partners and shareholding pattern of the company on records in terms of lnstruction No.89 dated t7 /05/20L8 and Instruction No.90 dated 03/08/20L8 subiectto submission of revised registered partnership deed. 9. Proposal in respect of M/s. Lakeland Gloves & Safety Apparels PvL Ltd. for Non- intimation about Change in directors, It was informed to the Approval Committee that M/s, Lakeland Gloves & Safety Apparels Pvt. Ltd. had been issued LOA dated tB/0L/2008 for Manufacture & Export of (1) Non- Woven fabric Safety Apparel for Dust Protection (Coverall, Coats, Pant, fackets, Shoe Covers, Aprons, HoodsJ. (2) Non-Woven fabric Safety Apparel for Liquid Splash Protection (Coverall, Coats, Pant, Jackets, Shoe Covers, Aprons, Hoods). The unit has commenced its export production w.e.f. 23/L0/2008 and its LOA is valid till 22/L0/20L8. It was informed that unit in reply to this office lener dated 09/07 /2018, vide its letter dated \7 /07 /2018 and subsequent letter dated 27 /07 /20L8, has informed about change in directors of the company as under: Directors before change Directors after change

1. Mr. Chistopher )ames Ryan
2. Mr. Vishal Kumar
3. Mr. Anil Thomas
4. Mr. Charles Detwiler Roberson
5. Mr. Vishal Kumar
6. Mr. Anil Thomas The Approval Committee observed that the change in directors took place in the year
7. However, unit has intimated about the said changes to this office after delay of almost tvvo year on L7 /07 /2018, which is a violation of condition No. 14 of Bond-cum- LUT executed by the Unit. The Approval Committee further observed that earlier, in 2015 also there was a case of change in directors which was informed by the unit after delay of 2 months. The unit had (rr*-* h

(Mlnutes ol Meeting ofApproval Committee of Noida SEz held on 05/09/20181 Paee 12 of 19 o requested to condone the lapses on their part and assured that such delay/lapses will not occur in future. The Approval Committee in its meeting held on T0/02/20L6 had considered the said case and warned the unit to ensure that such lapses do not occur in future. However, unit has again informed about change in directors after delay of tvvo years. Shri Vishal Kumar, director of the company appeared before the Approval Committee. Shri Kumar accepted the delay on their part and apologized for the same and assured that such mistake will not be repeated in future. He further informed that there is no change in shareholding pattern of the company due to the change in directors. The Approval Committee informed Shri Vishal Kumar that as per section 11(4) of the Foreign Trade (Development & Regulation) Act, there is a provision to settle the cases where a person admits any contravention. The Approval Committee gave him the option to settle the matter as per section 11(4) ofthe FT(D&RJ Act,1992 for violation ofSEZ Act and Rules by imposing penalty. Shri Kumar gave his consent to settle the case under section 11(4) of the Foreign Trade (Development & Regulation) Act' Shri Kumar, agreed for the same. However, he requested for a minimum penalty. In light of facts & circumstances of the case, DC, NSEZ in consultation with the members of the Approval Committee, imposed a penalty of Rs. 10,000/- on the unit as per section 11(4) ofthe FT (D&R) Act,1992. The Approval Committee, after due deliberations, decided to take the intimation of unit for change in directors of the company on records subject to deposition of penalty of Rs' 10,000/-. The Approval Committee also warned the unit to be more careful in future for timely compliances. 10. Proposal in respect of M/s. Bhayani performance and Review of LOA. Plastic India Pvt. Ltd. for Monitoring of No one from the unit appeared for the meeting. lt was informed to the Approval Committee that unit vide its email dated 03/08/2018 has requested for deferment of the proposal. Accordingly, Approval Committee deferred the matter for its next meeting. h.u^^.,.^J*--t"

o Paee 13 of 19 Proposat in respect ofM/s. fassal Impex Pvt, Ltd. for Review ofLOA' It was informed to the Approval Committee that M/s. Jassal Impex Pvt. Ltd. was issued LOA dated 27/0312016 for manufacturing & export of Readymade Garments and Artificial fewellery. The unit did not commence its export production. LOA of the unit was valid till 20/03/2077. The unit was allotted SDF No. G-7, NSEZ. It was further informed that the Approval Committee in its meeting held on 07/03/2018 had 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. It was also informed that the EM Division, NSEZ has informed that they had adiusted the security Deposit amounting to Rs. 8,04,288/- in outstanding lease and also issued Recovery Certificate under Section 14 of P.P. Act, 1977 on 04/05/20L8 to concerned collector for recovery of remaining lease rent. Reminder RC has also been issued on 2L/08/?OiB. Currently, lease rent amounting to Rs. 14,68,155/- is outstanding as on date in respect ofSDF No. G-07, NSEZ. Shri Jeetender Singh Oberio, authorized representative of the company appeared before the Approval Committee. Shri oberio informed that they want to close the factory and surrender the LOA & SDF. He assured to clear entire lease rent at the earliest. Shri Oberio further stated the unit had imported some goods for manufacturing which are now lying in the factory premises. He requested to allow them permission to clear the lying goods in DTA. The Approval Committee observed that LoA of the unit has already expired on20/03/20t7. The Approval committee, after due deliberations, deferred the matter and directed the unit to first clear the outstanding lease rent and submit an application for extension of LoA for the purpose of clearing the llng goods and to complete exit formalities. Shri oberio agreed to submit the application at the earliest. Further, Approval Committee agreed in-principle to extend the LoA for a period of three months from the date which Noida Special Economic Zone (Minutes ol Meetlng ot Approval Committee of Noida SEz held on 05/09/2018) 11. ' (^^-.,'-' 0v- - -"'

Noida Special Economic Zone (Minutes of Meeting of Approval committee of Noida sEz held on 05/09/2018) Paqe 14 of 19 o request is submitted for extension of LOA for the purpose of clearing the goods lying in its premises and also to complete exit formalities. 12. 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:- (il M/s. Roto Pumps Ltd. - The Approval Committee monitored the performance of the unit on the basis ofAPRs up to 2016-17 and noted achievement ofpositive NFE by the unit. (ii) M/s. APK Identification (Delhi) - The Approval Committee monitored the performance ofthe unit on the basis ofAPRs vp to 20L6-t7 and noted achievement of positive NFE by the unit. 73. Proposal in respect of M/s, La Moda Eleganza for monitoring of performance and renewal of LOA. It was informed to the Approval Committee that M/s. La Moda Eleganza had been granted an LOA dated 02/02/2005 for (i) Manufacturing of Readymade Garments & Accessories, Unstitched Embroidered Fabrics and Made-ups. And (iiJ Trading ofLadies Garments of All Kinds, Home Textiles Accessories such as Belts, Handbags, Scarves, Embroidered/Non Embroidered and Printed, Items made of Knitted Fabrics in Silk, Blends of Silk, Polyester and Blends, Linen & Blends, Cotton & Blends Fabrics Thereof. The unit commenced its export production w.e.f. 02/12/1997 and LoA of the unit was valid up to 0l/L2./20U. It was informed to the Approval Committee that unit has made exports worth Rs. 442'83 Lakhs and achieved NFE earnings worth Rs. 333.40 Lakhs during previous block of five years as per APRs for the year from 2072-13 to 20L6'U.lt was further informed that as per details received from unit vide its letter dated 25/06/Z\tB/ttom NSDL, unit has made exports worth Rs.0.02 Crores during 2017-1.8. The Approval Committee monitored the performance of the unit and noted achievement of positive NFE by the unit during previous block of five years. Sharad Gupta, pa rtner the firm appeared before the Approval Committee' Shri Shri fu""-^""^ [" 1>r-'-

mic Zone (Mlnutes of MeetinB of Approval Committee of Noida SEz held on 05/09/2018) Paqe 15 of 19 o Gupta stated that their production was slow during last few years as they had some problems with their US buyer. He further stated that there was delay in submission of LOA renewal application since there were no export orders in hand. He requested to condone the delay in submission of application of LOA renewal. He also informed that now they have sorted out their problems with existing buyers and also have approached to new buyers. Shri Gupta further stated that although they had taken permission for the trading activities but they have not done any trading activity till date and in future also they would not be doing any trading activity. He requested to delete trading activities from their authorized operations and keep their LOA as a manufacturer exporter only. The Approval Committee, after due deliberations, decided to renew the LOA for next five years beyond 011L2/20L7 i.e. upto 0l/L2/2072. The Approval Committee decided to delete trading activities from existing authorized operations of the unit. Further, the Approval Committee also directed Shri Gupta to submit a write-up on his business plan for project in NSEZ. t4. Proposal in respect of M/s. Samsung Overseas Ltd. for monitoring of performance and renewal of LOA. It was informed to the Approval Committee that M/s. Samsung overseas Ltd. had been granted an LOA d,ated 05/\0/2012 for (aJ System Software Development, (b) Financial control and accounting system, (c) Production management and inventory control, (d) Project feasibility studies and proiect monitoring systems, (e) Back office/Remote data entry, and (fJ IT Enabled services. The unit commenced its export activities w.e.f. 15 /04 /2013 and LOA of the unit is valid up to 30 /09 /2018. It was informed to the Approval Committee that unit has made exports worth Rs. 175'14 Lakhs and achieved equal amount of NFE earnings during previous block of five years as per APRs for the year from 2013-14 to 201,6-77.It was further informed that as per details received from NSDL, unit has made exports worth Rs. 0.05 Crores during 2017-18. The Approval committee monitored the performance of the unit and noted achievement of positive N FE by the unit during previous block of five years. t
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(Minutes ot Meetlng of Approval Committe€ of oida SEZ held on 05/09/2018) Paee 16 of19 o tJJ- The Approval Committee also observed that export performance of unit has declined since 2014-15 and unit could make exports worth Rs. 15.01 Lakhs, Rs. 13.31 Lakhs and Rs. 13.27 Lakhs during 2014-t5,2015-L6 &2016-17 respectively. Shri Bhusan Kumar Chandna and Shri Rakesh Kumar Sharma, authorized representatives of the unit appeared before the Approval Committee. Shri Chandna informed that their export orders have declined in recent years. He further stated that currently there are 6 employees in the unit. Shri Chandna informed that currently their main clients are from UAE. However, now they are looking to expand their market to African countries and have also acquired a proiect worth 1.00-150 thousand USD. He further stated that they will employ additional 10 employees for the new proiect. He also requested to renew their LOA for a block of five years. The Approval Committee observed that unit has been allotted PIot No. 114, NSEZ admeasuring 1000 Sq. mtrs. However, employment generation and export performance of the unit in comparison to the space allotted is very low. The Approval Committee expressed its displeasure over the dismal performance. Keeping in view the dismal performance of the unit during previous block of five years, the Approval Committee did not agree with the request ofthe unit for renewal of LOA for a period of five years in one go. The Approval Committee, after due deliberations, decided to renew the LOA for a period of one year Wto 30 /09 /2019 and directed the unit to increase its export performance during extended validity of LOA. 15. Proposal of M/s. Creatnet Services 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 new unit in NSEZ to undertake IT/ITES Service activities viz. Other Business Services: to provide Designing, Digital Services, Marketing & Analytical Services to Fashion Industry with projected exports of Rs. 2600 Lakhs and NFE earnings worth Rs.21B0 Lakhs over a period of five years. Shri Darshan Bhat and Smt. Garima Bhat, directors of the company, appeared before the 8--"

(Minutes of MeetinS of Approval Committee ot Noida SEZ held on 05/09/2018) Paee l7 of 19 o Approvat Committee to explain the proiect, Shri Goyal informed that M/s' Creatnet Services Ltd. (CSL) is a design and sourcing Management Company, focused on women's fashion, with clients across the globe. He further stated that CSL works with Apparel and accessory designers and brands to develop and deliver innovative products and ranges' Smt. Garima Bhat informed that their current turnover is about 3.5 Million USD and they are looking at expanding rapidly within next couple ofyears. She further informed that in the proposed NSEZ unit, they will mainly undertake back office work for designing marketing and analytics service model for the fashion industry that will enable the creation and operation of micro brands. The Approval Committee, after due deliberations, approved the proposal of M/s. Creatnet Services Ltd. for setting up a unit in NSEZ for IT/ITES Service activities viz. Other Business Services: to provide Designing, Digital Services, Marketing & Analytical Services to Fashion Industry subject to submission of pending documents. 16. Proposal of M/s, Sushil Gems for Setting up a new unit in NSEZ. It was informed to the Approval Committee that M/s, Sushil Gems has proposed to set up a new unit in NSEZ to undertake manufacturing & Export of Handcrafted/Machine made Gold fewellery studded with Precious/Semi-Precious/Synthetic Stones, Pearls & Diamonds with projected exports of Rs. 4510.58 Lakhs and NFE earnings worth Rs.2065.34 Lakhs over a period of five years. Shri Sushil fain, Proprietor of the firm appeared before the Approval Committee to explain the proiect. Shri fain informed that he is a third generation jeweller with family trade history of sixty years. He is nominated by the GIEPC as their representative director on the board of Indian Institute of Gems & Jewellery, Delhi. He further informed that he already has a unit in NSEZ namely M/s. Dialmaz Exports which is a partnership firm where he and his father are partners. He stated that the primary market for export is Middle East. However, now he is looking for expansion plan in the new markets ofthe world such as Singapore, Hong Kong, Thailand, Japan, Sultanate of Oman, USA etc. which has potential for Indian Studded jewellery' fl*u^^-'^ k-"D-

Economic Zone (Mlnutes of Meeting of Approval Commiftee ol Noida SEz h€ld on 05/o9l2ol8l Paee 18 of 19 a) The Approval Committee observed that the existing unit i.e. M/s. Dialmaz Exports has made exports worth Rs. 88.92 Crores during 201.2-13 to 20t6-17. The Approval Committee, after due deliberations, approved the proposal of M/s. Sushil Gems for setting up a unit in NSEZ for manufacturing & Export of Handcrafted/Machine made Gold lewellery studded with Precious/Semi-Precious/Synthetic Stones, Pearls & Diamonds subject to the condition that unit shall achieve value addition norms as prescribed from time to time. t7. Proposal of M/s. Effectual Knowledge Services Pvt, Ltd, for Setting up a new unit in NSEZ. It was informed to the Approval Committee that M/s. Effectual Knowledge Services Pw. Ltd. has proposed to set up a new unit in NSEZ to undertake IT/ITES i.e. Patent Services (Patent Creation, Indian Patent Services, Paralegal Services, Litigation Services & Licensing ServicesJ, Innovative and R&D Support, Docketing and lP Admin, Trademarks & Licensing with proiected exports of Rs. 6831.00 Lakhs and NFE earnings worth Rs.6769.00 Lakhs over a period of five years. Shri Amit Goel, director of the company, appeared before the Approval Committee to explain the project. Shri Goel informed that M/s. Effectual Knowledge Services Pw. Ltd. is an ISO 27001:20L3 certified company and their clientele list spans 22 countries spread across 5 continents. This is a leading lntellectual Property(lP) Management advisory firm offering lP support solutions to Fortune 500 companies, law firms, research institutes and universities and venture capital firms/PE firms. Shri Goel informed that the proposed NSEZ unit, they will provide services to the corporations and universities to manage and monetize their patent portfolio through time tested solutions and cost-efficient services. The Approval Committee, after due deliberations, approved the proposal of M/s' Effectual Knowledge Services Pvt. Ltd. for setting up a unit in NSEZ to undertake IT/ITES i.e. Patent Services (Patent Creation, Indian Patent Services, Paralegal Services, Litigation Services & Licensing ServicesJ, Innovative and R&D Support, Docketing and IP Admin, Trademarks & Licensing subiect to submission of pending documents. n [-^'- Ko":v*--

{Minutes of Meetlng ol Approval Commlttee ol Noida SEZ held on 0s/09/2018} Paee 19 of 19 18. Proposal in respect of Romsons lnternational (Unit-ll) for Building plan approval for construction at Plot No, 9, NSEZ. It was informed to the Approval Committee that M/s. Romsons International (Unit-ll) had been granted an LOA dated 05/10/2006 for Manufacturing & Trading activities. The unit commenced its export activities w.e.f.0I/12/2009 and LOA of the unit is valid up to 30/tL/2019. The unit had been allotted Plot No. 09, 59-lC & 148, NSEZ to carry out its authorized operations. It was further informed that possession of Plot No. 09, NSEZ measuring 4500 sq. mtrs was given to the unit on 25/08/201,7 and sub-lease deed was executed on ll/10/20L7. Now, the unit has submitted complete set of documents on 17 /08/2018 for consideration and approval of building plan in respect of Plot No. 9, NSEZ by Approval Committee in terms ofCircular No. NSEZA/02l2076-EM/8047 dated26/07 /2018 (Forwarding ofOffice Order N o. frsrTaom off o / 20 1.8 / 139 9 date d O 6 / 07 / 20 1B). Shri Saourabh Khanna, Director and Shri Mukesh Agarwal, General Manager of the company appeared before the Approval Committee. Shri Khanna informed that they had filed an application for building plan approval in the Noida Authority on 05/06/2018 but approval from Noida Authority has not yet been received. The Approval Committee advised Shri Khanna to contact Shri Mukesh Coyal, (representative of Noida Authority who was also present in the meeting) for expediting the matter as per Noida Authority bylaws and then submit the complete proposal for consideration. Meeting ended with a vote of thanks to the Chair. U (s, S. Shrilda) (Dr. Ld. onment ,l \s#/ ;. Shulda) ment Commissioner ft, Develop Developm