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Minutes ofthe Approval Committee meeting of SEZs in Haryana held on 07.12.2018 at NSEZ, Noida NOIDA SPECIAL ECONOMIC ZONE Minutes of meetinq of the Aooroval Committee of private SEZs located in the State of Harvana held under the Chairmanship of Dr. L.B. Sinqhal. Development Commissioner. NSEZ at 12.30 PM on 07.12.2018 in the Conference Hall of NSEZ. Noida. The following members of Approval Committee were present during the meeting:-

1. Shri S.S. Shukla, Jt. Development Commissioner, NSEZ
2. Shri Mahesh Kumar, Asstt. Commissioner, Customs, Delhi
3. Ms. Aashima, FTDO, O/o DGFT, New Delhi
4. Shri Rahul Yadav, O/o Joint Director, Deptt. of lndustries, Faridabad
5. Shri Mahipal Singh, Planning Assistant, DTP(P), Gurugram

ioner, Customs, Delhi 3. Ms. Aashima, FTDO, O/o DGFT, New Delhi 4. Shri Rahul Yadav, O/o Joint Director, Deptt. of lndustries, Faridabad 5. Shri Mahipal Singh, Planning Assistant, DTP(P), Gurugram 6. Representatives of SEZ Developers / Co-developers, Special lnvitee.

Besides, during the meeting i) Shri Rajesh Kumar, DDC, ii) Shri Satish C Gangar, Specified Officer, iii) Shri Harvinder Bawa, Specified fficer, iv) Shri Mohan Veer Ruhella, ADC & v) Shri Prakash Chand Upadhyay, OSD to DC were also present to assist the Approval Committee.

At the outset, the Chairman welcomed the participants. After brief introduction, each items included in the agenda were taken up for deliberation one by one. After detailed deliberations amongst the members of the Approval Committee as well as interaction with the applicants / representatives of the developers / units, the following decisions were taken:- I . Ratification of Minutes of last meeting of the Approval Committee held on 01.1'1.2018:- The Approval Committee was informed that no reference against the decisions of the Approval Committee held on 01/1 1/201 8 was received from any of the members of the Approval Committee or Trade and therefore, Minutes of the Meeting held on O111112018 were ratified. 2. Ratification of the aooroval for enhancement in the value of imoorted & indiqenous capital qoods qranted to M/s. Softwareone lndia P^. Ltd. in respect of its unit located in the Electronic Hardware & IT/ITES SEZ of M/s. ITPG Develooers Pvt, Ltd. at Villaoe Behramour. Distt. Guruoram (Harvana). 2.1 .

ed to M/s. Softwareone lndia P^. Ltd. in respect of its unit located in the Electronic Hardware & IT/ITES SEZ of M/s. ITPG Develooers Pvt, Ltd. at Villaoe Behramour. Distt. Guruoram (Harvana). 2.1 . lt was brought to the notice of the Approval Committee that M/s. SoftwareOne lndia Pvt, Ltd. had been granted LOA No. 10/4412018 -5E211792 dated 25.10.2018 for setting up a unit in the Electronic Hardware & IT/ITES SEZ of M/s. ITPG Developers Pvt. Ltd. at Village Behrampur, Distt- Gurugram (Haryana) to undertake service activities namely "IT/ITES-BPO'. lt was informed that the unit vide its letter dated 06. 11.2018 had informed that while preparing the application for setting up Page I of30

Minutes of the Approval Committee meeting of SEzs in Harvana held on 07.12.2018 at NSEZ, Nolda of unit, inadvertently they missed to include procurement of lT equipment amounting to Rs.S Crores out of which Rs.2 Crore will be imported from outside lndia. lt was informed that the unit had mentioned that the above import is critical to establish the lT infrastructure in the aforesaid SEZ unit and they need to place the order such equipment urgently to avoid any delay in the project completion. lt was informed that unit had requested to approve these additional Capital Goods at the earliest. lt was further informed that the unit had confirmed that the import of Rs. 2 Crores will not impact NFE projections for any financial year. 2.2.

pprove these additional Capital Goods at the earliest. lt was further informed that the unit had confirmed that the import of Rs. 2 Crores will not impact NFE projections for any financial year. 2.2. lt was informed that keeping in view the urgency shown by the unit, the request of the unit for following enhancement in the value of indigenous & imported capital goods was approved on file by DC, NSEZ, which had been conveyed to the unit vide this office letter daled 27.11.2018, subject to its ratification by the Approval Committee. (Rs. in lakhs) Particulars (for 5 years) Existing Projections Revised Projections lmported Capital Goods 0.00 200.00 lndigenous Capital Goods 700.00 '1000.00 2.3. After due deliberations, the Approval Committee ratified the approval for enhancement in the value of indigenous & imported capital goods granted to the unit vide letter dated 27 .11'20'18. Mrs. Candor Guroaon One Realtv Proiects Pvt. Ltd. at Villaoe Tikri. Sector48. Guruoram (Harvanal. 3.1. lt was brought to the notice of the Approval Committee that M/s. Evalueserve.com Pvt Ltd. has requested to grant permission for installation of 'ATM Machine' of HDFC Bank Ltd. in its premises i.e. 9h floor, Building No.6 in the IT/ITES SEZ of M/s. Candor Gurgaon One Realty Pro,ects Pvt. Ltd. at Village Tikri, Sector-48, Gurugram (Haryana) on no-rental basis for exclusive use by the employees of unit. lt was informed that the unit has submitted following documents:- (i) copy of ,No objection' dt.23.'10.2018 of sEZ Developer, M/s. Candor Gurgaon One Realty Projects Pvt. Ltd.

the employees of unit. lt was informed that the unit has submitted following documents:- (i) copy of ,No objection' dt.23.'10.2018 of sEZ Developer, M/s. Candor Gurgaon One Realty Projects Pvt. Ltd. for installation of 'ATM', in unit's premises for exclusive use by the employees of unit. (ii) copy of Agreement dated 07.08.2018 signed with HDFC Bank Ltd. on letterhead of Evalueserve.com Pvt. Ltd., for installation of ATM at Unit's premises. 3.2. Further it was informed that following documents / information required to be submitted by the unit:- Prooosal of M/s. Evalueserve.com Pvt. Ltcl. for orant of permission for installation of ATM Machine of HOFC Bank in the oremises of its unit located in the IT/ITES SEZ of 3. Page 2 of30

SEZS in Haryana held on 07.12.2018 at NSEZ, Noida (i) Undertaking from HDFC Bank to the effect that they will not take any direcUindirect tax benefit under SEZ scheme to create, operate & maintain ATM facility in SEZ and they will obtain prior approval from RBI for installation of ATM in the processing area of SEZ, if required. (ii) Area for installation of ATM. 3.3. The Committee examined the proposal and observed that proviso to Rule 1 'l(5) of sEZ Rules, 2006 provides as under:- ,The Developer may, with the prior approval of the Approval committee, grant on lease land or buitt up space, for creating facilities such as canteen, public telephone booths, first aid centres, crdche and such other facitities as may be required for the exclusive use of the Unit'. 3.4 Mr.

or buitt up space, for creating facilities such as canteen, public telephone booths, first aid centres, crdche and such other facitities as may be required for the exclusive use of the Unit'. 3.4 Mr. Abhay Nayak, AVP-Finance appeared before the Approval Committee on behalf of the developer and explained the proposal. 3.5. After due deliberations, Approval Committee SBpleygd the proposal, subject to submission of documents / information as mentioned above and further subject to the condition that no tax / duty benefit shall be available to Unit & M/s. HDFC Bank Ltd. to setup, operate & maintain such facility in the processing area of the SEZ and this facility shall be exclusively for the employees of unit. 4. Proposal of M/s. Guroaon lnfospace Ltcl. for allotment of space to M/s. Superseva Services PW. Ltd. to setup & operate a'Concieroe Services' in the orocessino area ot lT/ITES SEZ located at Villaqe Dundahera. Sector-21. Guruoram (Harvana). 4.1. lt was brought to the notice of the Approval Committee that M/s. Gurgaon lnfospace Ltd., Developer vide its letter dated '15.11.20'18 had submitted proposal for allotment of built-up space of 49 Sqft. (4.55 Sqmt) at Ground floor, Block 4A (Amenity Block-ll) in the processing area of IT/ITES SEZ at Village Dundahera, Sector-21, Gurgaon (Haryana) on lease basis to M/s. SuperSeva Services Pvt. Ltd. to setup & operate 'Concierge Services' under the category of 'Shopping Arcade i Retail Space' approved by BoA. 4.2.

, Sector-21, Gurgaon (Haryana) on lease basis to M/s. SuperSeva Services Pvt. Ltd. to setup & operate 'Concierge Services' under the category of 'Shopping Arcade i Retail Space' approved by BoA. 4.2. lt was informed that the developer has also submitted area-wise details of such activities approved by BOA, area-wise details of approvals given by the Approval Committee for allotment of space for such activities & balance area available with the developer for leasing, as given below:- S. No. Activities approved by BoA in processing area Area approved by BoA Total area approved by Approval Committee for allotment of space Area available for leasing q- Page 3 of30

Minutes of the Approval Committee meeUng of held on 07.12.2018 at NSEZ, Noida 4.3. Mr. Jay Kumar, Head-sEZ Compliance, Mr. Amrik singh, AGM-SEZ Compliance & Mr. Ashok Choudhary, V.P.- Planning appeared before the Approval Committee on behalf of the developer and explained the proposal. 4.4. After due deliberations, Approval Committee aDoroved the proposal under the category of 'shopping Arcade / Retail Space'approved by BoA, subject to the condition that no tax / duty benefit shall be available to M/s. SuperSeva Services Pvt. Ltd. to setup, operate & maintain such facility in the processing area of the SEZ and this facility shall be exclusively for the employees of SEZ & units located therein. 5.1. lt was brought to the notice of the Approval Committee that M/s. Gurgaon lnfospace Ltd., Developer, vide its letter dated 15.1 1.2018, had submitted proposal for allotment of built-up space of 149.29 Sqft.

brought to the notice of the Approval Committee that M/s. Gurgaon lnfospace Ltd., Developer, vide its letter dated 15.1 1.2018, had submitted proposal for allotment of built-up space of 149.29 Sqft. (13.87 Sqmt) at Ground floor, Block 4 (Amenity Block-l) in the processing area of lTi ITES SEZ at Village Dundahera, Sector-21, Gurgaon (Haryana) on lease basis to M/s. Flash Kitchen and Hospitality to setup & operate 'Cafe' under the category of 'Food Services including cafeteria, food court(s), restaurants, coffee shops, canteen facilities' approved by BoA. 5.2. lt was informed that the developer has also submitted area-wise details of such ac{ivities approved by BOA, area-wise details of approvals given by the Approval Commiftee for allotment of space for such activities & balance area available with the Developer for leasing, as given below:- Proposal of M/s. Gurqaon lnfospace Ltd. for allofnent of space to M/s. Flash Kitchen and Hospitalitv to setup & opelate a rCaf6' in th6 Drocessinq area of IT/ITES SEZ locatecl at Villaoe Dundahera. Sector-21.

of M/s. Gurqaon lnfospace Ltd. for allofnent of space to M/s. Flash Kitchen and Hospitalitv to setup & opelate a rCaf6' in th6 Drocessinq area of IT/ITES SEZ locatecl at Villaoe Dundahera. Sector-21. Guruqram (Harvana). It*-- / to facility providers (i) Food services including cafeleria, food court(s), restaurants, coffee shops, canteens and catering facilities. 3900 Sqmt. 3199.31 Sqmt, 700.69 Sqmt. (ii) Employee welfare facilities like Crdche, Medical Centre. '1750 Sqmt. 471.57 Sqmt. 1278.43 Sqmt. (iii) Shopping arcade / retail space 300 Sqmt. 169.95 Sqmt. 130.05 Sqmt. S. No. Activities approved by BoA in processing area Area approved by BoA Total area approved by Approval Committee for allotment of space to facility providers Area available for leasing (i) Food services including cafeteria, food court(s), restaurants, coffee shops, canteens and catering 3900 Sqmt. 3199.31 Sqmt. 700.69 Sqmt. Page 4 of 30

Minutes of the Approval Committee meedng of SEZS in Haryana held on 07.12.2018 at NSEZ, Noida facilities. (ii) Employee welfare facilities like Crdche, Medical Centre. '1750 Sqmt. 471.57 Sqmt. 't278.43 Sqmt. (iii) Shopping arcade I retail space 300 Sqmt. 't69.95 Sqmt. 130.05 Sqmt. 5.3. Mr. Jay Kumar, Head-SEZ Compliance, Mr. Amrik Singh, AGM-SEZ Compliance & Mr. Ashok Choudhary, V.P.- Planning appeared before the Approval Committee on behalf of the developer and explained the proposal. 5.4.

umar, Head-SEZ Compliance, Mr. Amrik Singh, AGM-SEZ Compliance & Mr. Ashok Choudhary, V.P.- Planning appeared before the Approval Committee on behalf of the developer and explained the proposal. 5.4. After due deliberations, Approval Committee aooroved the proposal under the category of 'Food Services including cafeteria, food court(s), restaurants, coffee shops, canteen facilities' approved by BoA, subject to the condition that no tax / duty benefit shall be available to M/s. Flash Kitchen and Hospitality to setup, operate & maintain such facility in the processing area of the SEZ and M/s. Flash Kitchen and Hospitality shall not serve Cigarette/smoking items & Alcoholic beverages in such facility. This facility shall be exclusively for the employees of SEZ & units located therein. 6. Prooosal of M/s. Saxo Grouo lndia Pvt. Ltd. for revision in oroiections of its unit located in the IT/ITES SEZ of M/s. Guroaon lnfospace Ltd. at Villaoe Oundahera. Sector-2i. Guruoram (Harvanal. 6.1. lt was brought to the notice of the Approval Committee that M/s. Saxo Group lndia Pvt. Ltd. has submitted proposal for revision in projections of its unit located in the IT/ITES SEZ of M/s. Gurgaon lnfospace Ltd. at Village Dundahera, Sector-21, Gurugram (Haryana), as given below:- (*l' (Rs.

as submitted proposal for revision in projections of its unit located in the IT/ITES SEZ of M/s. Gurgaon lnfospace Ltd. at Village Dundahera, Sector-21, Gurugram (Haryana), as given below:- (*l' (Rs. in lakhs) Particulars (for 5 years) Existing approved projections Revised p@ections now submitted by the unit FOB value of Exports 97238.00 96470.00 Foreign Exchange outgo 10518.00 10669.00 NFE 86720.00 85801.00 Requirement of Capital Goods: (i) lmported (ii) lndigenous 1557.84 2571.01 2669.00 2461.00 lnvestment on Plant & Machinery: (i) lndigenous (ii) lmported 119.12 910.00 lndigenous assets proposed to be transferred from lndian Branch Office of Saxo Bank A,/S: (i) Plant & Machinery (ii) Capital Goods 119.12 81.23 213.82 90.40 Employment 700 660 Page 5 of30

Minutes of the Approval Committee meedng of SEzs in Haryana held on 07.12'2018 at NSEZ, Noida 6.2. However it was informed that following discrepancies have been observed, which had been communicated to the unit:- (i) ln projection sheet the unit has not mentioned existing approved value of indigenous & imported Plant & Machinery / capital Goods. Further, approved Employment poection has been mentioned as 1OO Nos., whereas in Application in Form-F the unit had mentioned employment poections of 700 Nos. (ii) Total value of list of imported capital goods submitted by the unit does not match with the existing / revised CG projections.

n in Form-F the unit had mentioned employment poections of 700 Nos. (ii) Total value of list of imported capital goods submitted by the unit does not match with the existing / revised CG projections. Hence separate list of imported capital goods for Rs.2669 lakhs required to be submitted. (iii) ln breakup of forex outgo sheet the unit has shown entire import of machinery worth Rs.2669 lakhs in 1"tyear. This needs to be re-checked / clarified. Besides, unit needs to give details of 'Any Other' forex outgo of Rs.8000 lakhs during five years. (iv) ln the list of indigenous capital goods proposed to be transfened from Branch Office of Saxo Bank tus also includes'Art and Painting'of Rs.1.54 lakhs and 'vehicle' of Rs.7.63 lakhs. (v) Brief details of BTA between the two and its bearing on the working of SEZ unit have not been provided. 6.3. Ms. puneeta Chugh Mayall of KPMG appeared before the Approval Committee on behalf of the unit and explained the proposal. She also handed over an authorization letter in her favour to appear before the Approval Committee on behalf of unit. She informed that 'Art and Painting' and 'Vehicle' have been purchased by Branch Office of its parent company i.e. Saxo Bank A.iS and proposed to be transferred to this SEZ unit. She further clarified that they have not availed any tarduty benefits on the goods proposed to be transferred from Branch Ofiice of Saxo Bank A,/S. 6.4. After due deliberations, the Approval committee approved the proposal subject to submission of documents / information as mentioned above. l. proposal of IU/s.

Branch Ofiice of Saxo Bank A,/S. 6.4. After due deliberations, the Approval committee approved the proposal subject to submission of documents / information as mentioned above. l. proposal of IU/s. RBS Services lndia Pvt. Ltd. for partial deletion of area. downward proiections & sharinq of central facilitv & infrastructure with M/s. NWM Services lndia pvt Ltd.. a unit proposed to be setuo in the IT/ITES SEZ of M/s. Gurqaon lnfosDace Ltd. 7.1. lt was brought to the notice of the Approval Committee that Mis. RBS Services lndla Pvt. Ltd. had submitted proposal for deletion of area of units located in the IT/ITES SEZ of M/s. Gurgaon lnfospace Ltd. at Village Dundahera, Sector-21, Gurugram (Haryana). lt was informed that the unit is presently operating over an area of 316234 Sqft. at Ground to 11h Floor, Tower-A, Building No l & 94,182 Sqft. at sth to 8h floor, Tower-A, Building No.2 and unit has proposed deletion of 131867 Sqft. at 1"rto 5s floor, Tower-A, Building No.1. lt was informed that the unit has submitted copy of 'No d"rl' at Villaqe Dundahera. Sector-21. Guruqram (Harvana), Page 6 of30

sed deletion of 131867 Sqft. at 1"rto 5s floor, Tower-A, Building No.1. lt was informed that the unit has submitted copy of 'No d"rl' at Villaqe Dundahera. Sector-21. Guruqram (Harvana), Page 6 of30

Minutes of the Approv:rl Committee meeting of SEzs in Harrana hetd on 07.12.2018 at NSEZ, Noida Objection' of the SEZ Developer M/s. Gurgaon lnfospace Ltd. issued vide its letter dated 20.09.2018 for sunendering / reduction of proposed area. 7.2. lt was also informed that the unit has submitted downward revision in proiections, as given below:- 7.3. Further, it was informed that the unit had informed that RBS Group, along with other major banks in the United Kingdom is required by applicable law in UK to segregate their everyday retail banking services form their investment banking services, and to ring-fence these undertakings from each other. This law on ring fencing will come into force in the UK from I January, 2019. Accordingly, back office will be separate and RBS Group is required to undertake structural changes and re-alignment to ensure that it meets statutory and regulatory requirements. Further, the unit had mentioned that in connection with this requirement, the RBS Group has strategically reviewed the delivery of back office and IT/ITES support services to RBS Group out of lndia provided by M/s. RBS Services lndia Pvt. Ltd. and concluded that demerging a part of business operations [i.e. Natwest Markets (NWM) undertakingl of RBS SIPL will simplify compliance with ring fencing laws in UK. Therefore, M/s. RBS Services lndia Pvt. Ltd.

d that demerging a part of business operations [i.e. Natwest Markets (NWM) undertakingl of RBS SIPL will simplify compliance with ring fencing laws in UK. Therefore, M/s. RBS Services lndia Pvt. Ltd. had filed a petition with the Hon'ble National Company Law Tribunal (NCLT), Chandigarh Bench, for demerging NWM undertaking into a separate legal entity, namely, NWM Services lndia Pvt. Ltd., being a newly incorporated company under the Companies Act, 2013. lt was further informed that Hon'ble NCLT vide its order dated 09. 10.201 8 approved the petition for demerger with 01 .04.2018 as the appointed date. 7.4. Further, it was informed that the unit had mentioned that in order to give effect to the order of NCLT, M/s. NWM Services lndia Pvt. Ltd. shall occupy 1't to sth floor, Tower-A, Building No.'1 of SEZ and accordingly M/s, RBS Services tndia Pvt. Ltd. is desirous to exclude the aforesaid floors from its bonded premrses. lt was informed that M/s. NWM Services lndia Pvt. Ltd. has submitted separate application for setting up of new unit on the area proposed to be deleted form M/s. RBS Services lndia Pvt. Ltd. i.e. '13'1867 Sqft. at 1't to 5h floor, Tower-A, Building No.'l', depicting the'as is/post merge/ situation, pursuant to demerger order dated 09.10.2018 passed by Hon'ble NCLT. Further, it was informed that following documents required to be submitted by the unit:- (Rs.

ting the'as is/post merge/ situation, pursuant to demerger order dated 09.10.2018 passed by Hon'ble NCLT. Further, it was informed that following documents required to be submitted by the unit:- (Rs. in lakhs) Particulars (for five years) Existing Projection Revised Projection Projected FOB value of exports 589347.00 541513.00 Foreign Exchange Outgo 35245.00 29't33.00 NFE 554101.00 5'12380.00 lmported Capital Goods 7765.00 4772.00 lndigenous Capital Goods '1940.00 1940.00 7.5. Page 7 of30

Mlnutes ofthe Approval Committee meeung of (i) NOC'from SEZ Customs for partial deletion of area is required to be submitted. (iD ln Projection Sheet, unit has mentioned incorrect value of existing approved projections of Exports & Forex Outgo. (iii) As per year-wise performance sheet prepared by cA firm based on APRs, the unii has rendered services in DTA amounting to Rs.4276.91 lakhs during the year 2012-13 lo 2017-18. Hence, breakup details of DTA Sales viz i). Services rendered in DTA and payment realized in free foreign exchange & ii). services rendered in DTA against payment in lNR, may be requested from the unit. 7.6. lt was further informed that the unit has also submitted request for sharing of central facility of network infrastructure, duty exempted assets and common area (e.9. Cafeteria, Reception, Security Room, Academy Area) (as per details given in Annexure-4 & Annexure-6) between the existing unit, Mis, RBS Services lndia Pvt. Ltd. and proposed new unit M/s. NWM Services lndia pvt. Ltd. in terms of Rule 27(5) of SEZ Rules, 2006.

tails given in Annexure-4 & Annexure-6) between the existing unit, Mis, RBS Services lndia Pvt. Ltd. and proposed new unit M/s. NWM Services lndia pvt. Ltd. in terms of Rule 27(5) of SEZ Rules, 2006. lt was informed that unit has submitted floor- wise details of Common area & infrastructure proposed to be shared by both units. 7.7. The Approval Committee observed that sub-rule 5 of Rule 27 of SEZ Rules, 2006, provides lhal 'A lJnit may impoft or procure from Domestic Tariff Area, all types of goods and services, without payment of duty, taxes or cess for creating a central facility for use by Units in Special Economic Zone and where such facilrty is created for software development, the same may also be accessed by software expofters of Domestic Tariff Area" . 7.8. Mr. Arvind Singhal, Company Secretary & Mr. Rahul Shukla, Authorised representative appeared before the Approval Committee on behalf of the unit. The representatives of the unit explained the demerger scheme approved by NCLT, proposed deletion of area and sharing of common facility & infrastructure. On being asked about approval of Approval Committee in respect of Cafeteria, the representative of the unit informed that they have not obtained specific approval from the Approval Committee for 'Cafeteria' in unit's premises. lt was informed to the representative of the unit Audit team had recently pointed out that in certain units in Private SEZS, Cafeteria are being run without obtaining approval from Approval Committees which is not in consonance with the provisions of Rule 'l 1(5) of SEZ Rules, 2006.

t that in certain units in Private SEZS, Cafeteria are being run without obtaining approval from Approval Committees which is not in consonance with the provisions of Rule 'l 1(5) of SEZ Rules, 2006. The Approval Committee clarified that unit is required to obtain specific approval from the Approval Committee for establishment of 'Cafeteria' in its premises in terms of Rule 1 1(5) of SEZ Rules, 2006. 7 .9. After due deliberations, the Approval Committee approved the partial deletion of area i.e. '13"1867 Sqft. at l"tto 5s floor, Tower-A, Building No.1'and downward revision in projections subject to submission of correct projections and break up of DTA sale. ./Q,f 0 Page 8 of30

Minutes of the Approval Committee meeung of 7.10. The Approval Committee with regard to proposal for sharing of Central facility enquired as to which unit will be owning the central facility and which unit will be using the same on sharing basis. Regarding sharing of central facilities it was observed that in support of their proposals the unit had submitted certain precedents from other SEZS where they claimed that such approval was given. Details of precedents given by them along with comments of NSEZ are given in the flowing table:- S. No. Authority Meeting Reference Matter Decision Comments of NSEZ (i) Noida SEZ Unit Approval Committee, Haryana, Dt. 30.07,2013 Proposal of M/s. EUI and lnspop.Com Ltd.

ven in the flowing table:- S. No. Authority Meeting Reference Matter Decision Comments of NSEZ (i) Noida SEZ Unit Approval Committee, Haryana, Dt. 30.07,2013 Proposal of M/s. EUI and lnspop.Com Ltd. to share common alea for administrative and non-core activities, Approved This approval was given for non-core activities only, way back in 2013. (ii) Noida SEZ Minutes of the 19" meeting of Noida SEZ Authority dt. 30.07.2013 Review of sharing permission Authority felt that there should not be any objection in sharing of premises of units under same management group. Deptt. of Commerce has disallowed the sharing permissions and no fresh sharing permission is beino oiven. (iii) SEEPZ Mumbai 27' Unil Approval Committee meeting tot Engineering Sector SEZ, Kesurdi, Satara dt. 17.02.2017 for and of Request creation sharing infrastructure between 2 SEZ units of M/s. Datwyler Pharma Packaging lndia Pvt. Ltd. in terms of Rule 27(5) ot sEZ Rules.2006, Approved sharing of Electricity lnfrastructure, Fire Hydrant System, Drainage System, lT lnfrastructure, Road and Parking area created by Unit I and Propane i LPG tank in terms of Rule 27(5) of SEZ Rules, 2006. Rule 27(5) of SEZ rules 2006, provides for creation of a central facility by a unit for all other units in the SEZ and it does not allow sharing of common facility by two units. (iv) lT/lTes Karnataka 25'n Unit Approval Committee dt. 30.07.2010 Sharing of lnfrastructure Service between the unit l& Unit ll tor Oracle Financial Services Software Ltd. Approved (v) Board of Approval Minutes for follow- up meeting held on

mmittee dt. 30.07.2010 Sharing of lnfrastructure Service between the unit l& Unit ll tor Oracle Financial Services Software Ltd. Approved (v) Board of Approval Minutes for follow- up meeting held on 05,10.2018 (84" BoA meetinq held Appeal dated 22.08.2018 of M/s. Accenture Solutions BoA after deliberations upheld the appeal subject to all necessary Unit needs to obtain prior approval from the Aooroval Page 9 of30

7.11. Representative of the unit informed that they have made the request for sharing of the central facilities which are as follows. The details are given in Annexure-6. o Data Centre/Hub Rooms o Seryer - Server equipment such as domain servers, print server . Common network lnfrastructure o Common area e.g. Cafeteria, Reception, Security Room, Academy Area. 7.12. The representative of the unit also informed that details of infrastructure are also given in tabular form which are given in Annexure-4. These are as follows : on 12.09.2018. Private Limited against decision of the UAC order dated 06.08.2018 for rejection of cafeteria. approvals from concerned departments viz. Fire, Health etc. and prior approval of UAC. Committee for setting up of 'Cafeteria' in terms of Rule 11(5) of SEZ Rules, 2006. Approval Committee is in agreement that cafeteria is to be allowed. Part A- Common Area (Propertvl S. No. Common assets (i) AV NOC Room o AV NOC room consists of controller, wires, signal, enhancers, mixers and other equipment where wires from dish antenna terminates and further distributed to TV

S. No. Common assets (i) AV NOC Room o AV NOC room consists of controller, wires, signal, enhancers, mixers and other equipment where wires from dish antenna terminates and further distributed to TV screens on all floors for broadcasting including internal company's presentations. . This system is used to avoid installation of set top box and wires on every floor. Additionally, system helps in maintaining consistency to display common channel across all ry. (iD Reception with waitino area o For visitor manaqement process. (iii) Securitv Control Room o Security Control room is the integration point for all security cameras installed in the building regular monitoring from security perspective is done by an operator on various TV screens. Access control system for building access and exit is also controlled from this room. (iv) Cafeteria r Cafeteria is critical for our business requiring continuous operations. For that employees require this specially designed area to have their daily meals and for other recreational activities. . Apart from above, cafeteria is also used for internal employee sessionsimeetinqs/Town Hall/larqer qroup internal event (v) Academv Area r Academy area is the area where pre-designed infrastructure is created to support the learning & development activities including conduct of any training. . Area also consist of large training rooms equipped with communication equipment, area for mass gathering and knowledge sharing to support the complete oroanization located in this campus. (vi1 Gym a nd recrealitorallooln Page l0 of30

rooms equipped with communication equipment, area for mass gathering and knowledge sharing to support the complete oroanization located in this campus. (vi1 Gym a nd recrealitorallooln Page l0 of30

sEzs in Haryana held on 07.12.2018 at NSEZ, Noida Gym and recreational rooms are developed to provide necessary break to the employees after long and continuous working so that they can feel refreshed and be readv to work and deliver again. (vii) Medical room o Considering the emergency medical requirements of employees, our organization has developed in house medical room where trained medical staff is deployed during routine business hours for providing first aid services and handling the situation till the ambulance is arranged for taking the employee to the nearest hospital for further medical assistance. (viii) Cafeteria . Cafeteria is critical for our business requiring continuous operations. For that employees require this specially designed area to have their daily meals and for other recreational activities. (ix) EquipmenUservices supporting common infrastructure . RBS lnternal (dedicated) three lifts. o RBS dedicated diesel generator sets to support electrical supply during power failure. . Exhaust system for the entire building. Part B - Networkinq lnfrastructure/ assets (Technoloov) (x) Networkino Devices in Communication room (DC) and ancillarv services includino Teleco Lines (PRL. Leased Lines.

em for the entire building. Part B - Networkinq lnfrastructure/ assets (Technoloov) (x) Networkino Devices in Communication room (DC) and ancillarv services includino Teleco Lines (PRL. Leased Lines. lnternet Lines) at DC rooo (xi) Network devices (Cisco switches) at Hub Room (xii) Network devices (Cisco switches) at Hub Room Cisco Phones AV devices spread across on NWM Elootg a) b) c) (xiii) . lnnovation lab Servers (4 nos.) (xiv) Print Server ('l no.) ADplication Packaqinq (1 no.) 7.13. Approval Committee dlscussed the proposal regarding paftial deletion of area of RBS lndia Pvt. Ltd. (RBSIPL), setting up of new unit i.e. NWM Services lndia Ai. Ltd., sharing of all the common facility between these two units and decided as follows : i) After due deliberations, the Approval Commiftee approved the paftial deletion of area i.e. '1 31 867 Sqft. at 1"t to 5h floor, Tower-A, Building No.1' and downward revision in proiections of RAS/PL subject to submrsslon of conect projections and break up of DTA sale. ii) After due deliberations, the Approval Committee approved the proposal for setting up unit by M/s. NWM Servlces lndia Att. Ltd. over an area of '131867 Sqft. at 1"t to 5h floor, Tower-A, Buitding No.1'to undertake service activities i.e.

Committee approved the proposal for setting up unit by M/s. NWM Servlces lndia Att. Ltd. over an area of '131867 Sqft. at 1"t to 5h floor, Tower-A, Buitding No.1'to undertake service activities i.e. 'lnformation Technology & lnformation Technology Enabled Serylces namely Computer Software Development & Support servrces" subject to submission of required documents. iii) Regarding Cafeteria, Approval Committee decided that Cafeteria can be approved by the Approval Committee in terms of Rule 11(5) of the SEZ Rules, however, it require pior approval of the Approva! Committee in terms of Rule 11(5) of SEZ Rules. Approval Committee felt that Page ll of30

SEzs in Haryana held on 07.12.2018 at NSEZ, Noida Cafeteia is required for the lT sector SEZ units but unit should also follow the SEZ Rules and shoutd take prior approvat in terms of Rule 1 1(5) of SEZ Rule. Unit was advised to make an application for appropiate decision by the Approval Committee. iv) Reoardinq shaina of the infrastructure facilities created in the RBSIPL with the new SEZ unit to be set up namelv lvl/s NWM Service lndia fu. Ltd.

appropiate decision by the Approval Committee. iv) Reoardinq shaina of the infrastructure facilities created in the RBSIPL with the new SEZ unit to be set up namelv lvl/s NWM Service lndia fu. Ltd. Approval Committee observed that : a) The Approval Commiftee obserued that sub-rule 5 of Rule 27 of SEZ Rules, 2006, provides that 'A unit may import or procure from Domestic Tariff Area, all types of goods and serylces, without payment of duty, faxes or cess for creating a central facility for use by Units in Special Economic Zone and where such facility is created for software development, the same may also be accessed by software expofters of Domestic Tariff Area". It is felt that Rule 27(5) gives impression as it is for setting up of a unit for creating a central facility to be utilized by other units. Probably a sevice unit could be set up under Rule 27(5) and this centrat facility could be utilized by other SEZ units. For such service unit, in respect of service utilized by other SEZ units, payment will have to be in free foreign exchange in terms of Section 2(z) of the SEZ Act. b) Approval Committee felt that the Rule 27(5) is probably not for sharing of facilities between two units as ,s ,he situation envisaged in fhis case. Ihis case is basically bifurcation of one unit into two units and second unit will continue to utilize facility of the first unit as well and will also pay for utilizing these facilities.

fhis case. Ihis case is basically bifurcation of one unit into two units and second unit will continue to utilize facility of the first unit as well and will also pay for utilizing these facilities. Rule 27(5) does not provide specifically for sharing of facilities between two units. c) There are large number of units in lhe SEZs which are having more than one units. Decision in this case will have wider implication as then similar requests may also be received from other units. For instance Accenture, HCL, Genpact, IBM etc. have more than one SEZ units. This zone has not received any such request from fhese unils in the past. d) As regards the examples given by unit of the past approval the comments are indicated in Paragraph 7.10 above. e) Approval Committee asked the representative of the unit as to how the value of the capitat goods would be amoiized and how such unit will be taking the value of these capital goods for the purpose of NFE. ln this regard the representative of the unit in the meeting/unit vide its letter dt. 10.12.18 is claified as under: ("p t() Page 12 of30

ing the value of these capital goods for the purpose of NFE. ln this regard the representative of the unit in the meeting/unit vide its letter dt. 10.12.18 is claified as under: ("p t() Page 12 of30

i) These goods will be continued to be assets in the name of the first unit i.e. from RBS/PL ii). As mentioned in our letter daled 22nd November 2018, given the manner in which current operations are structured, RBS SIPL's existing SEZ unit and proposed new SEz unit of NWM SIPL (which is sought to be created to gave effect to the NCLT order for demerger), intend to have a central facility for use of specified network infrastructure/other assets and common area. iii). For this purpose. a transfer pricinq arranqement is souqht to be put in place between the 2 leqal entities. both of which are part of same RBS orouD. iv). ln this reoard. it is submitted that in Auqust 2016. RBS SIPL had entered into an advance Pricinq Aqreement ("APA'} with the Central Board of Direct Taxes. Ministrv of Finance. Government of lndia. which qoverns the oricinq of transactions betvveen RBS SIPL and its related parties. As per the terms of the APA. these transactions are beinq undertaken at arm's lenqth orice on cost-olus mark-up basis as il these are with third parties and accordinqlv. the income earned bv RBS SIPL has been dulv offered to tax in lndia. v). Since the proposed use of central facilitv of specafied network infrastructure/other assets and common area between SEZ units of RBS SIPL and NWM SIPL would be a related oarw transaction.

lndia. v). Since the proposed use of central facilitv of specafied network infrastructure/other assets and common area between SEZ units of RBS SIPL and NWM SIPL would be a related oarw transaction. the prooosed aoreement between the two leoal entities would be put in place as per the above-mentioned principles of the APA. wherein the leqal entitv owninq the asseuarea shall claim depreciation thereon and invoice the SEZ unit of the user entitv on arm's lenqth pricino basis. vi) From the above claification, it is clear that actually it would be charging of the rent by the first unit for the assels creafed by M/s. RBS Servtces lndia M. Ltd. whereas authoized operation of the unit is expoi of lT/lT Enabled Servlces. Rule 27(5) probably intends to create the service unit with the central facility for use of other SEZ units. The present proposal does not seem to be covered under Rule 27(5). tn view of the above stated facts, Approval Committee decided that in respect of this request of the unit for shaing of the infrastructura! facility, a reference may be made to Depaiment of Commerce giving the complete facts of the case, above stated observations of the Approval Committee, a copy of unit's letter dt. 10.12.2018, Annexur*4 & 6 given by the unit with the request that DOC may lssue an appropriate ctarification on th,s issue as to whether thls request is covered Page 13 of30

opy of unit's letter dt. 10.12.2018, Annexur*4 & 6 given by the unit with the request that DOC may lssue an appropriate ctarification on th,s issue as to whether thls request is covered Page 13 of30

Proposal of M/s. NWM Services lndia Pvt. Ltd. for settino uD of unit in the IT/ITES SEZ of M/s. Guroaon lnfospace Ltd. located at Villaoe Dundahera. Sector-21. Guruqram (Harvana) 8. SEZs in Haryana held on 07.12,2018 at NSEZ, Noida under Rule 27(5) of the SEZ Rules or not or whether this rs permlssib le or noL lt may also be conveyed that Approval Committee felt that ft,s reguest ,s not covered under Rule 27(5) of the SEZ Rules in view of the reasons stated above. Approval Committee also decided that a request may be made to DOC on fhls issue so that a guidelines may be issued so fha, a uniform practice could be followed in all the SEZi in respect of such cases because in case fhrs requesl rs considered it could have imptication on many more cases of this nature in this zone as well as other zones. 8.1. lt was brought to the notice of the Approval Committee that M/s. NWM Services lndia Pvt. Ltd, has submitted proposal for setting up of unit over an area of 131867 Sqft. at 1't to 5s floor, Tower-A, Building No.1 in the IT/ITES SEZ of M/s. Gurgaon lnfospace Ltd. at Village Dundahera, Sector-21, Gurugram (Haryana) to undertake service activities namely 'Computer Software Development & Support servlces and lnformation Technology, lnformation Technology Enabled Serylces'with projected exports of Rs. 176061.00 lakhs and the cumulative NFE of Rs.

amely 'Computer Software Development & Support servlces and lnformation Technology, lnformation Technology Enabled Serylces'with projected exports of Rs. 176061.00 lakhs and the cumulative NFE of Rs. 154634.00 Lakhs over a period of five years. lt was also informed that the applicant has given projections for requirement of imported capital goods for Rs.1970 lakhs and lndigenous capital goods for Rs.130 lakhs. lt was informed that applicant has mentioned that since the entity is created by Court approved demerger order of RBS SEZ unit, no new investment is currently envisaged. lt was further informed that the SEZ developer has given provisional offer for allotment of proposed space to the applicant subject to the condition that existing tenant M/s. RBS Services lndia Pvt. Ltd. obtaining the necessary approvals for surrendering the said area. 8.2. lt was informed that the applicant had mentioned that NWM Services lndia Pvt. Ltd. is a part of the Royal Bank of Scotland Group (RBS Group). Applicant has mentioned that another RBS Group entity based in lndia namely RBS Services lndia Pvt. Ltd. is engaged in the business of providing Computer Software Development & Support Services and lnformation Technology i lnformation Technology Enabled Services (IT/ITES) to the overseas entities of the RBS Group from the SEZ unit located at 'Ground to 11th floor, Tower-A, Building No. 1 and Sth to 8th floor, Tower-A, Building No.2'in the IT/ITES SEZ of M/s. Gurgaon lnfospace Ltd. at Village Dundahera, Sector-21, Gurgaon (Haryana).

ed at 'Ground to 11th floor, Tower-A, Building No. 1 and Sth to 8th floor, Tower-A, Building No.2'in the IT/ITES SEZ of M/s. Gurgaon lnfospace Ltd. at Village Dundahera, Sector-21, Gurgaon (Haryana). The instant unit is proposed to be setup at'1st to 5th floor, Tower-A, Building No.1', which is presently in possession of M/s. RBS Services lndia Pvt, Ltd.. 8.3. lt was further informed that as per applicant, the RBS Group, along with other major banks in the United Kingdom is required by applicable law in UK to segregate their everyday banking services from their investment banking services, and to ring-fence these undertakings from each other. This law on ring fencing will come into force in the UK from 'l January, 2019. Accordingly, ,/ Page 14 of30 q4_ t(

RBS Group is required to undertake structural changes and re-alignment to ensure that it meets statutory and regulatory requirements. Applicant has mentioned that in connection with this requirement, the RBS Group has strategically reviewed the delivery of back office and IT/ITES support services to RBS Group out of lndia provided by provided by Mis. RBS Services lndia Pvt. Ltd. and concluded that demerging a part of business operations [i.e. Natwest Markets (NWM) undertakingl of RBS SIPL will simplify compliance with ring fencing laws in UK. Therefore, Mis. RBS Services lndia Pvt. Ltd. had filed a petition with the Hon'ble National Company Law Tribunal (NCLT), Chandigarh Bench, for demerging N\A/M undertaking into a separate legal entity, namely, NWM Services lndia Pvt.

a Pvt. Ltd. had filed a petition with the Hon'ble National Company Law Tribunal (NCLT), Chandigarh Bench, for demerging N\A/M undertaking into a separate legal entity, namely, NWM Services lndia Pvt. Ltd., being a newly incorporated company under the Companies Act, 2013. 8.4. Further, it was informed that the unit had mentioned that in order to give effect to the order of NCLT, M/s. NWM Services lndia Pvt. Ltd. shall occupy 1"tto sth floor, Tower-A, Building No.'l of SEZ and accordingly M/s. RBS Services lndia Pvt. Ltd. has submitted separate application for reduction of area i.e. '18t to 5rh floor, Tower-A, Building No.1', depicting the "as is/post merge/' situation, pursuant to demerger order dated 09.10.201 8 passed by Hon'ble NCLT. 8.5. lt was further informed that the applicant has also submitted request seeking permission to use a central facility of network infrastructure, duty exempted assets and common area (e.9. Cafeteria, Reception, Security Room, Academy Area) between the existing unit, M/s. RBS Services lndia Pvt. Ltd. and proposed unit of M/s. NWM Services lndia Pvt. Ltd. in terms of Rule 27(5) of SEZ Rules, 2006. lt was informed that applicant has submitted floor-wise details of Common area & infrastructure proposed to be shared by both units. 8.6. Further, it was informed that following shortcomings have been observed in the application in the first instance:- Breakup of proposed forex outgo of Rs. 21427 lakhs including the value of proposed imported Capital Goods for Rs.1970 lakhs required to be submitted. Copy of LOA No.

plication in the first instance:- Breakup of proposed forex outgo of Rs. 21427 lakhs including the value of proposed imported Capital Goods for Rs.1970 lakhs required to be submitted. Copy of LOA No. STPIC/G2119/2018-19/348 dated 15.'10.2018, as mentioned in Para Xll(ii) of Form-F, required to be submitted along with its implementation status. Details of investment on Plant & Machinery i capital Goods needs to be mentioned in Para Vl & Vll of Form-F. Reply in respect of Para Xll(iv) shall be given in 'Yes' or'No'. Applicant has mentioned .NA'. Copy of Audited Balance Sheet for FY 2017-18 of applicant company required to be given. (i) (iD ( iii) (iv) (v) -Export (^/,r (vi) Copy of lmport Certificate, if obtained, needs to be given. Page 15 of30

Minutes of the Approval Commlttee meeting of SEZS in Haryana held on 07.12.2018 at NSEZ, Noida (vii) Copies of Form 32i DIR 11/12 regarding cessation of first directors of company namely Mr. Ramit Bhasin & Mr. Jaykumar Pravinchandra Shah are required. Besides, Form- 32lDlR 12 for appointment of Mr. Manish Aggarwal & Mr. Mohit Goyal also required. (viii) At page No. 6 of project report, FOB value is mentioned as NFE earnings. 8.7.

hah are required. Besides, Form- 32lDlR 12 for appointment of Mr. Manish Aggarwal & Mr. Mohit Goyal also required. (viii) At page No. 6 of project report, FOB value is mentioned as NFE earnings. 8.7. The Approval Committee observed that sub-rule 5 of Rule 27 ol SEZ Rules, 2006, provides that "A Unit may impoft or procure from Domestic Taiff Area, all types of goods and services, without payment of duty, taxes or cess for creating a central facility for use by Units in Special Economic Zone and where such facility is created for software development, the same may also be accessed by software exporters of Domestic Tariff Area" . 8.8. Mr. Manish Aggarwal, CFO & Director of NWM Services lndia Pvt. Ltd. & Mr. Arvind Singhal, Company Secretary of RBS Services lndia Pvt. Ltd. & Mr. Rahul Shukla, Authorised representative appeared before the Approval Committee. The representatives of the applicant explained the demerger scheme approved by NCLT and proposal for setting up of new unit. On being asked about the proposed sharing of common facility & infrastructure, the representative of the applicant informed that the existing infrastructure had been setup by M/s. RBS Services lndia Pvt. Ltd. and M/s. NWM Services lndia Pvt. Ltd. will be pay user charges to M/s. RBS Services lndia Pvt. Ltd. for use of proposed common area & network infrastructure etc. 8.9. After due deliberations, the Approval Committee approved the proposal for setting up unit by M/s. NWM Services lndia Pvt. Ltd. over an area of '131867 Sqft.

on area & network infrastructure etc. 8.9. After due deliberations, the Approval Committee approved the proposal for setting up unit by M/s. NWM Services lndia Pvt. Ltd. over an area of '131867 Sqft. at 1"rto 5h floor, Tower-A, Building No.1'to undertake service activities i.e. "lnfomation Technology & lnformation Technology Enabled Services namely Computer Software Development & Support servrces" subject to submission of required documents. 8.10. The Approval Commiftee with regard to proposal for sharing of Central facility enquired as to which unit will be owning the central facility and which unit will be using the same on sharing basis. Regarding sharing of central facilities it was observed that in support of their proposals the unit had submitted certain precedents from other SEZs where they claimed that such approval was given. Details of precedents given by them along with comments of NSEZ are given in the flowing table:- S, No. Authority Meeting Reference Matter Decision Comments of NSEZ (D Noida SEZ Unit Approval Committee, Haryana, Dt. 30.07.2013 Proposal of M/s. EUI and lnspop.Com Ltd. to share common area for Approved This approval was given for non-core activities only, way back in 2013. Page 16 of30

l Committee, Haryana, Dt. 30.07.2013 Proposal of M/s. EUI and lnspop.Com Ltd. to share common area for Approved This approval was given for non-core activities only, way back in 2013. Page 16 of30

SEzs in Haryana held on 07.12.2018 at NSEZ, Noida administrative and non-core activities. (ii) Noida SEZ Minutes of the '19th meeting of Noida SEZ Authority dt. 30.07.20'13 Review of sharing permission Authority felt that there should not be any objection in sharing of premises of units under same management orouo. Deptt. of Commerce has disallowed the sharing permissions and no fresh sharing permission is being given. (iii) SEEPZ Mumbai Unit 7'n Approval Committee meeting for Engineering Sector SEZ, Kesurdi, Satara dt. 't7.o2.2017 Request for creation and sharing of infrastructure between 2 SEZ units of M/s. Datwyler Pharma Packaging lndia P\rt. Ltd. in terms of Rule 27(5) of SEz Rules,2006. Approved sharing of Electricity lnfrastructure, Fire Hydrant System, Drainage System, lT lnfrastructure, Road and Parking area created by Unit I and Propane / LPG tank in terms of Rule 27(5) of SEZ Rules, 2006. Rule 27(5) of SEZ rules 2006, provides for creation of a central facility by a unit for all other units in the SEZ and it does not allow sharing of common facility by two units. (iv) lT/lTes Karnataka Approval Committee dt. 30.07.2010 Unit 25'n Sharing of lnfrastructure Service between theunitl&Unit ll for Oracle Financial Services Software Ltd. Approved (v) Board of Approval Minutes for follow-up meeting held on 05.10.2018 (84'n BoA meeting held on 12,09.2018. Appeal dated

etween theunitl&Unit ll for Oracle Financial Services Software Ltd. Approved (v) Board of Approval Minutes for follow-up meeting held on 05.10.2018 (84'n BoA meeting held on 12,09.2018. Appeal dated 22.08.2018 of M/s. Accenture Solutions Private Limited against decision ofthe UAC order dated 06.08.2018 for rejection of cafeteria. BoA after deliberations upheld the appeal subject to all necessary approvals from concerned departments viz. Fire, Health etc. and prior approval of UAC. Unit needs to obtain prior approval from the Approval Committee for setting up of 'Cafeteria' in terms of Rule 11(5) of SEZ Rules, 2006. Approval Committee is in agreement that cafeteria is to be allowed. 8.11. Representative of the unit informed that they have made the request for sharing of the cenlral facilities which are as follows. The details are given in Annexure-6. o Data Centre/Hub Rooms . Server - Server equipment such as domain servers, print server o Common network lnfrastructure . Common area e.g. Cafeteria, Reception, Security Room, Academy Area. 4"1 (, Page 17 of30

e/Hub Rooms . Server - Server equipment such as domain servers, print server o Common network lnfrastructure . Common area e.g. Cafeteria, Reception, Security Room, Academy Area. 4"1 (, Page 17 of30

Minutes of the Approval committee meeting of Part A- Common Area (Property) S. No. Common assets (i) AV NOC Room . AV NOC room consists of controller, wires, signal, enhancers, mixers and other equipment where wires from dish antenna terminates and further distributed to TV screens on all floors for broadcasting including internal company's presentations. . This system is used to avoid installation of set top box and wires on every floor. Additionally, system helps in maintaining consistency to display common channel across all TV. (ii) Reception with waitinq area o For visitor manaqement process. (iii) Securitv Control Room o Security Control room is the integration point for all security cameras installed in the building regular monitoring from security perspective is done by an operator on various TV screens. Access control system for building access and exit is also controlled from this room. (iv) Cafeteria o Cafeteria is critical for our business requiring continuous operations. For that employees require this specially designed area to have their daily meals and for other recreational activities. . Apart from above, cafeteria is also used for internal employee sessions/meetinos/Town Hall/larqer qroup internal event. (v) Academv Area .

e their daily meals and for other recreational activities. . Apart from above, cafeteria is also used for internal employee sessions/meetinos/Town Hall/larqer qroup internal event. (v) Academv Area . Academy area is the area where pre-designed infrastructure is created to support the learning & development activities including conduct of any training. . Area also consist of large training rooms equipped with communication equipment, area for mass gathering and knowledge sharing to support the complete oroanization located in this campus. (vi) Gvm and recreational room . Gym and recreational rooms are developed to provide nec€ssary break to the employees after long and continuous working so that they can feel refreshed and be readv to work and deliver aqain. (vii) lllledical room o Considering the emergency medical requirements of employees, our organization has developed in house medical room where trained medical staff is deployed during routine business hours for providing first aid services and handling the situation till the ambulance is arranged for taking the employee to the nearest hosoital for further medical assistance. (viii) Cafeteria o Cafeteria is critical for our business requiring continuous operations. For that employees require this specially designed area to have their daily meals and for other recreational activities. (ix) EquipmenUservices supporting common infrastructure o RBS lnternal (dedicated) three lifts. .

require this specially designed area to have their daily meals and for other recreational activities. (ix) EquipmenUservices supporting common infrastructure o RBS lnternal (dedicated) three lifts. . RBS dedicated diesel generator sets to support electrical supply during power failure. o Exhaust system forthe entire building. Part B - Networkinq lnfrastructure/ assets (Technoloqv) (x) held on 07.12,2018 at NsEz, Noida 8.12. The representative of the unit also informed that details of infrastructure are also given in tabular form which are given in Annexure-4. These are as follows : Page 18 of30

Teleco Lines (PRL. Leased Lines. lnternet Lines) at DC room (xi) Network devices (Cisco switches) at Hub Room (xii) d) e) fl Network devices (Cisco switches) at Hub Room Cisco Phones AV devices spread acrosg on NWM Floors (xiii) o lnnovation lab Servers (4 nos,) (xiv) a Print Server ('l no.) Aoolication Packaqinq (1 no.) a 8.13. Approval Committee d,.scussed the proposal regarding padial deletion of area of RBS lndia Pvt. Ltd. (RBSIPL), setting up of new unit i.e. NWM Servlces lndia M. Ltd., shaing of all the common facility between these two units and decided as follows : i) After due deliberations, the Approval Committee approved the paftial deletion of area i.e. '131867 Sqfi. af 7"t to * floor, Tower-A, Building No.1 ' and downward revision in proiections of RBSIPL subject to submission of correct proiections and break up of DTA sale. ii) After due deliberations, the Approval Committee approved the proposal for setting up unit by M/s. NWM Servlces lndia Pvt. Ltd.

ject to submission of correct proiections and break up of DTA sale. ii) After due deliberations, the Approval Committee approved the proposal for setting up unit by M/s. NWM Servlces lndia Pvt. Ltd. over an area of '131867 Sqft. at 1"t to { floor, Tower-A, Building No.1'to undeftake service activities i.e. 'tnformation Technology & lnformation Technology Enabled Services namely Computer Software Devetopment & Support servtbes" subiect to submission of required documents. iii) Regarding Cafeteria, Approval Commiftee decided that Cafeteia can be approved by the Approval Committee in terms ot Rule 11(5) of the SEZ Rules, however, it require pior approval of the Approval Committee in terms of Rule 11(5) of SEZ Rules. Approval Commiftee felt that Cafeteria is required for the lT seclor SEZ units but unit should also follow the SEZ Rules and should take prior apprcvat in terms of Rule 11 (5) of SEZ Rule. Unit was advised to make an application for appropiate decision by the Approval Commiftee. iv) Reoardino sharino of the infrastructure facilities created in the RBSIPL with the new SEZ unit to be set uo namelv ltl/s NWM Service lndia N. Ltd.

appropiate decision by the Approval Commiftee. iv) Reoardino sharino of the infrastructure facilities created in the RBSIPL with the new SEZ unit to be set uo namelv ltl/s NWM Service lndia N. Ltd. Approval Committee obseNed that : a) The Approvat Commiftee obserued that sub-rule 5 of Rule 27 of SEZ Rules, 2006, provides that "A Unit may import or procure from Domestic Tariff Area, ail types of goods and sery,ces, without payment of duty, taxes or cess for creating a central facil$ for use by Units in Special Economic Zone and where such facility is created for software development, the same may also be accessed by software expofiers of Domestic Taiff Area". It is felt that Rute 27(5) gives impression as ff rs for setting up of a unit for qeating a centrat facility to be utilized by other units. Probabty a service unit could be set up under Rule (Ly f^ Page 19 of30

SEzs in Haryana held on 07.12.2018 at NSEA Noida 27(5) and this centrat facility could be utilized by other SEZ units. For such service unit, in respect of seNice utitized by other SEZ units, payment will have to be in free foreign exchange in terms of Section 2(z) of the SEZ Act. b) Approval Committee felt that the Rule 27(5) is probably not for shaing of facilities between two units as is lhe situation envisaged in this case. Ihis case is basically bifurcation of one unit into two units and second unit will continue to utilize facility of the first unit as well and wilt also pay for utitizing these facilities.

this case. Ihis case is basically bifurcation of one unit into two units and second unit will continue to utilize facility of the first unit as well and wilt also pay for utitizing these facilities. Rule 27(5) does not provide specifically for sharing of facilities between two units. c) There are large number of units in the SEZs which are having more than one units. Decision in this case will have wider implication as then similar requests may also be received from other units. For instance Accenture, HCL, Genpact, IBM etc. have more than one SEZ units. This zone has not received any such request from these units in the past. d) As regards the examples given by unit of the past approval the comments are indicated in Paragraph 8.10 above. e) Approvat Committee asked the representative of the unit as to how the value of the capital goods would be amoftized and how such unit will be taking the value of these capital goods for the purpose of NFE. ln this regard the representative of the unit in the meeting/unit vide its letter dt. 10.12.18 is clarified as under: i) These goods will be continued to be assets in the name of the first unit i.e. from R8S'Pt ii). As mentioned in our letter dated 22nd November 2018, given the manner in which current operations are structured, RBS SIPL's existing SEZ unit and proposed new SEZ unit of NWM SIPL (which is sought to be created to give effect to the NCLT order for demerger), intend to have a central facility for use of specified network infrastructure/other assets and common area. iii). For this ourpose.

ought to be created to give effect to the NCLT order for demerger), intend to have a central facility for use of specified network infrastructure/other assets and common area. iii). For this ourpose. a transfer pricinq arranqement is souoht to be out in olace between th€ 2 leqal entities. both of which are part of same RBS qrouD. iv). ln this reoard. it is submitted that in Auqust 2016. RBS SIPL had entered into an advance Pricinq Aoreement ("APA') with the Central Board of Direct Taxes. Ministrv Page 20 of30

Minutes of the Approval Committee meedng of RBS SIPL and its related parties. As per the terms of the APA. these transactions are beino undertaken at arm,s lenqth price on cost-plus mark-uo basis as if these are with third parties and accordinolv. the income earned bv RBS SIPL has been dulv offered to tax in lndia. v). Since the proposed use of central facilitv of sDecified network infrastructure/other assets and common area between SEZ units of RBS SIPL and NWM SIPL would be a related partv transaction. the prooosed aoreement botween the two leqal entities would be put in place as per the above-mentioned princiDles of the APA, wherein the leoal entitv owninq the asseuarea shall claim depreciation thereon and invoice the SEZ unit of the user entitv on arm's lenoth pricino basis. vi) From the above clarification, it is clear that actually it would be charging of the rent by the first unit for the assefs created by lvl/s. RBS Servlces lndia Pvt. Ltd. whereas authorized operation of the unit is export of lT/lT Enabled Servlces.

actually it would be charging of the rent by the first unit for the assefs created by lvl/s. RBS Servlces lndia Pvt. Ltd. whereas authorized operation of the unit is export of lT/lT Enabled Servlces. Rule 27(5) probably intends to create the service unit with the central facility for use of other SEZ units. The present proposal does not seem to be covered under Rule 27(5). ln view of the above stated facts, Approval Committee decided that in respect of this request of the unit for sharing of the infrastructural facility, a reference may be made to Depaftment of Commerce giving the complete facts of the case, above stated observations of the Approval Committee, a copy of unit's letter dt. 10.12.2018, Annexure-4 & 6 given by the unit with the request that DOC may issue an appropriate clarification on thrs lssue as to whether this reguesf is covered under Rute 27(5) ot the SEZ Rules or not or whether thrs ls permissrb le or not. lt may also be conveyed that Approval Committee felt that this request is not covered under Rule 27(5) of the SEZ Rules rn view of the reasons stated above. Approval Commiftee also decided that a request may be made to DOC on lhis lssue so that a guidelines may be issued so that a uniform practice could be foltowed in all the SEZs in respect of such cases because in case this request ls considered it could have imptication on many more cases of fh,s naf ure in this zone as well as other zones. 9, Proposal of M/s. ASF lnsionia SEZ PW. Ltd.. developer for approvals of list of materials to carrv on authorized ooeration in its IT/ITES SEZ at Vill.

s naf ure in this zone as well as other zones. 9, Proposal of M/s. ASF lnsionia SEZ PW. Ltd.. developer for approvals of list of materials to carrv on authorized ooeration in its IT/ITES SEZ at Vill. Gwal Pahari. Tehsil Sohna. Distt. Guroaon (Harvana). 9. 1 . lt was brought to the notice of Approval Committee that M/s. ASF lnsignia SEZ Pvt. Ltd., Developer of IT/ITES SEZ at Village- Gwal Pahari, Distt- Gurgaon (Haryana) had submitted proposal for approval of list of materials to carry on following default / approved authorized operations in their SEZ:- Page 2l of30

SEZs in Haryana held on 07.12.2018 at NSEa Noida S. No. Name of Authorized Operation S. No. at default list of Auth. Opr. as per lnst. No. 50 & 54 Estimated Cost (Rupees in lakhs) (i) Construction of all types of building in Processinq area as approved by UAC 22 7.80 (ii) Air Conditioning of Processing Area (as aooroved bv BoA) Approved by BoA 71.42 (iii) Water treatment plant, water supply lines (dedicated lines up to source), sewage lines, storm water drains, and water channels of aoorooriate capacitv. 02 6.36 (iv) Electrical, Gas and Petroleum Natural Gas Distribution Network including necessary sub- stations of appropriate capacity, pipeline network etc. 04 2.47 (v) Security offices, police posts, etc.

6 (iv) Electrical, Gas and Petroleum Natural Gas Distribution Network including necessary sub- stations of appropriate capacity, pipeline network etc. 04 2.47 (v) Security offices, police posts, etc. at entry, exit and other points within and along the periphery of the site. 11 1.88 (vi) Facility Management Office Approved by BoA 1.25 (vii) Solid and liquid waste collection, treatment and disposal plants including pipelines & other necessary infrastructure for sewage and qarbaqe disposal, sewage treatment plants. 3 3.57 (viii) Power (lncluding power backup facilities) (in PZ
Approved by BoA 10.10 Total: ,t04.85 9.2. Mr. Ashok Singh, AGM & Mr. Vikas Tarachandan, AGM appeared before the Approval Committee on behalf of the developer and explained the requirement of proposed items. 9.3. After due deliberations, Approval Committee aoproved the proposed list of materials. 'lO. Prooosal of M/s. DLF Power & Services Limited.. Co-developer for aoproval of list of materials to carrv on authorized ooerations in IT/ITES SEZ of lil/s. DLF Ltd. at Villaqe Silokhera. Guruqram {Haryanal. 10.1 . lt was brought to the notice of Approval Committee that M/s. DLF Power & Services Ltd., Co- developer had submitted proposal for approval of list of materials to carry on following authorized operation in the |TIITES SEZ of M/s. DLF Ltd. at Village Silokhera, Gurugram (Haryana):- S. No. Name of Authorized Operation S. No. at default list of Auth. Opr. as per lnst. No.

following authorized operation in the |TIITES SEZ of M/s. DLF Ltd. at Village Silokhera, Gurugram (Haryana):- S. No. Name of Authorized Operation S. No. at default list of Auth. Opr. as per lnst. No. 50 & 54 Estimated Cost (Rupees in lakhs) (i) Engineering, Maintenance including Electrical and Mechanical Works, Heating, Ventilation & Air Conditioning (HVAC) System, Fire Detection and Alarm Systems, Water Supply, Storm, Drainage and Sewage Disposal, Building upkeep Services including Maintenance of Lift Lobby, As per authorized operations approved by BoA 28.59 Page 22 of 30

Conference Hall, Parking Area, Utilities area, Garbage & scrap disposal, Horticulture, Pest Control, Fagade Cleaning Services. (ii) Access Control and Monitoring System 24 0.10 Total: 28.69 10.2. Mr. Anil Nauriyal, G.M. & Mr. Pitambar Sharma, Manager appeared before the Approval Committee on behalf of the co-developer and explained the requirement of proposed materials. 10.3. After due deliberations, Approval Committee aporoved the list of materials. 11. Proposal of M/s. DLF Assets Private Limited.. Co-develooer for aoproval of list of materials to carrv on authorized operations in IT/ITES SEZ of M/s. DLF Cvber Citv Oevelopers Ltd. Guruoram (Harvana). 11.1. lt was brought to the notice of Approval Committee that M/s. DLF Assets Pvt. Ltd., Co- developer had submitted proposal for approval of list of materials to carry on following authorized operation in the IT/ITES SEZ of M/s. DLF Cyber City Developer Ltd., Gurugram (Haryana):- 11.2. Mr. Anil Nauriyal, G.M. & Mr.

roposal for approval of list of materials to carry on following authorized operation in the IT/ITES SEZ of M/s. DLF Cyber City Developer Ltd., Gurugram (Haryana):- 11.2. Mr. Anil Nauriyal, G.M. & Mr. Pitambar Sharma, Manager appeared before the Approval Committee on behalf of the co-developer and explained the requirement of proposed materials. 1 1.3. After due deliberations, Approval Committee gpplgvggl the list of materials. 12. Proposal of M/s. G.P. Realtors Pvt. Ltd. for approval of list of materials to carrv on authorized ooerations in the Electronics Hardware & IT/ITES SEZ at Villaqe Behrampur, Bandhwari & Balola. Distt. Gurqaon (Harvana). 12.1. lt was brought to the notice of Approval Committee that M/s. G.P. Realtors P\d. Ltd., Developer of Electronic Hardware & IT/ITES SEZ at Village- Behrampur, Balola & Bandhwari, Distt- Gurgaon (Haryana) had submitted proposal for approval of list of materials to carry on following default authorized operations in their SEZ:- S. No. Name of Authorized Operations Sl, No at default list of authorized operations as per lnst. No.50 and 54 Estimated Cost (Rs. in lakhs) (i) Access Control and Monitoring System 24 't4.00 S. No. Authorized Operation Sl. No. at default list of Authorised Operations as per lnst. No. 50 & 54 Estimated Cost (Rs. in lakhs) (i) Air Conditioning of processing area. 21 37.84 (ii) Construction of all type building in Processing 22 377.91 dq Page 23 of30

sed Operations as per lnst. No. 50 & 54 Estimated Cost (Rs. in lakhs) (i) Air Conditioning of processing area. 21 37.84 (ii) Construction of all type building in Processing 22 377.91 dq Page 23 of30

Minutes of the Approval Commlttee meeting of sEzs in Haryana held on 07.12.2018 at NSEZ, Noida Area as approved by the Unit Approval Committee. (iii) Access Control and Monitoring System 24 43.33 (iv) Electrical, Gas and Petroleum Natural Gas Distribution Network including necessary sub- stations of appropriate capacity, pipeline network etc. 04 20.32 Total: 179.40 12.2. Mr. Nilesh Ramjiyani, Sr. VP & Mr. Ashish Aggarual, AGM appeared before the Approval Committee on behalf of the developer and explained the requirement of proposed items. 12.3. After due deliberations, the Approval Committee approved the proposed list of materials. 13. Aoproval of revised Buildino Plan of Electronic Hardware & IT/ITES SEZ of M/s. G.P' Realtors Pvt. Ltd. at Villaqe Behrampur. Balola & Bandhwari. Distt. Guruqram (Harvana). 1 3.1 . lt was brought to the notice of the Approval Committee that District Town Planner (Ha), O/o. DTCP Haryana, Chandigarh vide Memo No. SEZ-66-Vol-ll/AD(RAy2018/31902 dated 20.11.2018 had forwarded three sets of revised building plan of Electronic Hardware & lTilTES SEZ land measuring 27.352'l Heclare at Village Behrampur, Balola & Bandhwari, Distt- Gurugram (Haryana) of Mis, G.P. Realtors Pvt. Ltd, duly signed by Senior Town Planner (M), HO & four other officers.

Z land measuring 27.352'l Heclare at Village Behrampur, Balola & Bandhwari, Distt- Gurugram (Haryana) of Mis, G.P. Realtors Pvt. Ltd, duly signed by Senior Town Planner (M), HO & four other officers. lt was informed that DTP(HQ) had recommended that the revised building plans may be approved with the conditions mentioned in his aforesaid Memo dt. 20.11.20'18. Further, it was informed that the signature of Mr. Balwant Singh, S.D. is missing on one drawing (Drawing No. |T-AR-120) in all three sets received with Memo dt. 20. 1 1 .2018 of DTP(Ha). 13.2. Shri Mahipal Singh, Planning Assistant, representative of O/o. DTP(P), Gurugram informed to the Approval Committee about the untimely sad demise of Mr. Balwant Singh. He further clarified that since said Drawing No. |T-AR-120 have been signed by Senior Town Planner (M), HQ & three other officers, hence there is no problem to grant approval of revised building plan to the developer. 13.3. After due deliberations, the Approval Committee aporoved the revised building plan of Electronic Hardware & IT/ITES SEZ at Village Behrampur, Balola & Bandhwari, Distt- Gurugram (Haryana) of M/s. G.P. Realtors Pvt. Ltd., on the basis of recommendation received from District Town Planner (HO), O/o. DTCP Haryana, Chandigarh vide Memo No. SEZ-66-Vol- lliAD(My2o18/31902 dated 20.11.2018 subject to the terms & conditions mentioned therein. Page 24 of30

eceived from District Town Planner (HO), O/o. DTCP Haryana, Chandigarh vide Memo No. SEZ-66-Vol- lliAD(My2o18/31902 dated 20.11.2018 subject to the terms & conditions mentioned therein. Page 24 of30

Mlnutes ofthe Approval Committee meedng of sEzs in Haryana held on 07.12.2018 at NSEZ, Noida 14. Proposal of M/s. Candor Gurqaon One Realw Proiects Pvt. Ltd. for orant of Occupancv Certificate in respect of Tower-O7 with Basement in the processinq area of IT/ITES SEZ at Villaqe Tikri. Sector48. Guruqram (Harvanal. 14.1. lt was brought to the notice of the Approval Committee that District Town Planner (HQ), O/o. DTCP Haryana, Chandigarh vide Memo No. SEZ-5/AD(RAy2018/31916 dated 20.'1 1.2018 has forwarded ils comments along with three sets of coloured copy of the as-built drawings duly verified by DTP, Gurugram for consideration of Occupancy Certificate for Tower 7 wtth Basement in the processing area of IT/ITES SEZ at Village Tikri, Sector-48, Gurugram (Haryana) developed by M/s. Candor Gurgaon One Realty Projects Pvt. Ltd.. lt was informed that DTP (HQ) has mentioned that the site has been got inspected through District Town Planner, Gurugram and it has been reported that the applicant has raised the conslruction at site and has completed the Tower-7 with Basement, but, has made certain violations which are compoundable violations. Further, DTP (HQ) has mentioned that the composition charges for these violations have been reported as under, which have been deposited by the developer:- '14.2.

s which are compoundable violations. Further, DTP (HQ) has mentioned that the composition charges for these violations have been reported as under, which have been deposited by the developer:- '14.2. lt was informed that DTP (HO) DTP (HQ) has further mentioned that provisions of internal and external public health services at site is to be certified by the developer itself as the cost of the development works was self-estimated by the developer. lt was further informed that DTP (HA) had recommended that the matter may be placed before the Approval Committee for its consideration subject to compliance of the terms & conditions of their Memo dated 20. 1 1 .2018. 14.3. During the meeting, Shri Mahipal Singh, representative of O/o. DTP(P), Gurugram informed O/o. DTCP Haryana, Chandigarh has recommended the grant of Occupancy Certificate to the developer. 14.4. Aftil due deliberations, Approval Committee aDDroved the proposal for issuance of Occupancy Certificate in respect of Tower 7 with Basement constructed in the processing area of IT/ITES SEZ at Village Tikri, Sector-48, Gurugram (Haryana) of M/s. Candor Gurgaon One Realty s. No. Violation / Variations Area Rate of composition Amount (Rupees) (i) DPC Certificate not taken 2146.06 Sqm. or 23100.189 Sqft. Rs.1/- per Sqft. 23100.00 (ii) lnternal changes 14378.117 Sqm or 154766.051 Sqft. Rs.5/. per sqft 773830.00 (iii) Change in elevation 01 Block Rs.1 0,000/- each block 10000.00 Total (Rs.): 806930.00 Deposited (Rs): 807000.00 Excess (Rs.): 70.00 Page 25 of30

qm or 154766.051 Sqft. Rs.5/. per sqft 773830.00 (iii) Change in elevation 01 Block Rs.1 0,000/- each block 10000.00 Total (Rs.): 806930.00 Deposited (Rs): 807000.00 Excess (Rs.): 70.00 Page 25 of30

Minutes of tJre Approval Committee meedng of SEZS in Haryana held on 07.12.2018 at NSEZ, Noida Projects Pvt. Ltd., subject to terms & conditions mentioned in the Memo No. SEZ- 5/AD(RAy2O18/31916 dated 20112018 of District Town Planner (Ha), O/o. DTCP Haryana, Chandigarh. 15. Proposal of M/s. Candor Guroaon One Realtv Proiects Pvt. Ltd., Developer for apDroval of list ot materials to carrv on authorized ooerations in the IT/ITES SEZ at Villaoe Tikri. Sector-48. Guruqram (Harvanal. 1 5.1 . lt was brought to the notice of Approval Committee that M/s. Candor Gurgaon One Realty Projects Pvt. Ltd., Developer of IT/ITES SEZ at Village- Tikri, Sector-48, Gurugram (Haryana) had submitted proposal for approval of list of materials to carry on following default authorized operation in SEZ:- S. No. Authorized Operation Sl. No. at default list of Authorised Operations as per lnst. No. 50 & 54 Estimated Cost (Rs. in lakhs) (i) Air Conditioning of processing area. 21 136.00 15.2. Mr. Jay Kumar, Head-SEZ Compliance, Mr. Amrik Singh, AGM-SEZ Compliance & Mr. Ashok Choudhary, V P.- Planning appeared before the Approval Committee on behalf of the developer and explained the requirement of proposed items. '15.3. After due deliberations, the Approval Committee gpplevgg[ the proposed list of materials. 16. Proposal of M/s. Candor Guroaon Two Develooers & Proiects Pvt. Ltd..

equirement of proposed items. '15.3. After due deliberations, the Approval Committee gpplevgg[ the proposed list of materials. 16. Proposal of M/s. Candor Guroaon Two Develooers & Proiects Pvt. Ltd.. Co-develooer for aooroval of list of materials to carrv on authorized ooerations in the IT/ITES SEZ of M/s. Guroaon lnfosoace Ltd. at Villaoe Dundahera, Sector-2l. Guruoram (Harvana). 16.1 . lt was brought to the notice of Approval Committee that M/s. Candor Gurgaon Two Developers & Projects Pvt, Ltd., Co-developer of lTilTES SEZ of M/s. Gurgaon lnfospace Ltd. at Village- Dundahera, Sector-21, Gurugram (Haryana) had submitted proposal for approval of list of materials to carry on following default authorized operation in SEZ:- S. No. Authorized Operation Sl, No. at default list of Authorised Operations as per lnst. No. 50 & 54 Estimated Cost (Rs, in lakhs) (i) Air Conditioning of processing area. 21 136.00 16.2. Mr. Jay Kumar, Head-SEZ Compliance, Mr. Amrik Singh, AGM-SEZ Compliance & Mr. Ashok Choudhary, V.P.- Planning appeared before the Approval Committee on behalf of the CG uirement of ("/r developer and explained the req proposed items. Page 26 of30

ngh, AGM-SEZ Compliance & Mr. Ashok Choudhary, V.P.- Planning appeared before the Approval Committee on behalf of the CG uirement of ("/r developer and explained the req proposed items. Page 26 of30

SEzs in Haryana held on 07,12.2018 at NSEZ, Noida 16.3. 17. 17.1. lt was brought to the notice of the Approval Committee that M/s. Daffodil Software Pvt. Ltd. had submitted proposal for change of location i area of the unit within the IT/ITES SEZ of M/s. DLF Ltd. at Village Silokhera, Sector-3o, Gurugram (Haryana) and revision in NFE projections. lt was informed that the unit is presently operating over an area of 22474 Sqft. at 15th floor, Tower-A3 and the unit has proposed to shift the unit over an area of 35185 Sqft. at gth floor, Tower-B1 in the same SEZ. lt was informed that M/s. DLF Assets Private Limited, Co-developer vide its lefter dated 27.11.2018 has given provisional offer to the unit for availability of additional space and shift from existing space i,e. 15th floor, Tower-A3 to an area admeasuring 35185 Sqft. at th floor, Tower-Bl in SEZ. 17.2. lt was also informed that the unit has submitted revision in projections, as given below:- 17.3. Further, it was informed that following discrepancies had been observed :- (i) Unit has shown in the proposal of revised projections indigenous 'Vehicle' of Rs. 40.00 lakhs. (ii) With the instant proposal unit has submitted Board Resolution dated 26.1',l.2018, wherein in- principle permission to Alpine Solutions Private Limited to operate on shift basis with Daffodil Software Pvt. Ltd. has also been mentioned.

submitted Board Resolution dated 26.1',l.2018, wherein in- principle permission to Alpine Solutions Private Limited to operate on shift basis with Daffodil Software Pvt. Ltd. has also been mentioned. However no such application has been received so far in this office. 17.4. Further, it was informed that as directed by the Approval Committee in its meeting held on 06.07.2018, the reply dt. 09.08.2018 submitted by the unit w.r.t. variations in figures of APRs have been examined by CA firm, but complete report, including correct NFEiDTA figures incorporating APR for 2017-18 is awaited from the CA Firm. lt was further informed that the unit had also been After due deliberations, the Approval Committee aporoved the proposed list of materials. Proposal of tt/s. Daffoclil Software Pvt. Ltcl. for chanqe of location / area of tho unit within the SEZ and revision in proiections of the unit located in the IT/ITES SEZ of M/s. DLF Ltd. at Villaqe Silokhera. Sector-30. Guruqram (Harvana). (Rs. in lakhs) Particulars (for five years) Existing Projection Revised Projection Projected FOB value of exports 27493.OO 27897.00 Foreign Exchange Outgo 531.00 595.00 NFE 26962.00 27302.00 lmported Capital Goods Nit Nil lndigenous Capital Goods 367.00 1238.O0 Page 27 of30

ection Projected FOB value of exports 27493.OO 27897.00 Foreign Exchange Outgo 531.00 595.00 NFE 26962.00 27302.00 lmported Capital Goods Nit Nil lndigenous Capital Goods 367.00 1238.O0 Page 27 of30

Minutes of the Approval Committee meeung of SEzs in Haryana held on 07.12,2018 at NSEZ, Noida asked vide this office letter dated 17 .07 .20'18 and email dt. 13.09.201 8 to submit breakup details of DTA Sales viz i). Services rendered in DTA and payment realized in free foreign exchange & ii). Services rendered in DTA against payment in lNR. However, the same has not been submitted by the unit. '17.5. However, no one from the unit appeared before the Approval Committee to explain the proposal. 17.6. After due deliberations, the Approval Committee aooroved the proposal for shifting of unit from existing space i.e. 22474 Sqfi. at 'l5h floor, Tower-A3 to '35185 Sqft. at th floor, Tower-B1' within the same SEZ and proposed revised projections of the unit. The Approval Committee clarified that no ta)dduty exemption shall be available to the unit on 'Vehicle' and unit needs to submit revised list of capital goods excluding 'Vehicle'. Approval Committee also directed to obtain details of DTA Sales from the unit and place the same along with examination report of CA firm, in its next meeting. 18.1 . lt was brought to the notice of the Approval Committee that M/s. ELI BPO lndia Pvt.

of DTA Sales from the unit and place the same along with examination report of CA firm, in its next meeting. 18.1 . lt was brought to the notice of the Approval Committee that M/s. ELI BPO lndia Pvt. Ltd., a unit in IT/ITES SEZ of M/s DLF Cyber City Developers Ltd, at sector 24 & 25 A, Gurugram (Haryana) had applied for exit from SEZ scheme stating that it is not being cost effective considering the benefits received/taken by the company. lt was informed that accedlng to the request of unit a letter d1.20.06.2018 and email dt.06.11.2018 was issued to the unit with the request to submit necessary documents, for further consideration of its proposal of exit. lt was informed that unit vide its letters dt.03.09.2018, dt.01.'10.2018 and 26.10.2018, 16.11.2018 and 29.11.18 had submitted requisite documents. 18.2. Further, it was informed that performance/NFE achievement status of unil as per APRS & verified by NSEZ CA firm, are as under: Year FOB value of export NFE earned DTA Sales Pending Foreign Exchanoe realization 2015-16 97.74 96.36 0.00 0.00 2016-17 888.88 888.88 0.00 0.00 2017-18 402.81 402.81 0.00 0.00 2018-19 (uoto 30.04.2018) 23.91 23.91 0,00 0.00 Total 14,t3.34 't41't.96 0.00 0.00 qrantino exit from SEZ scheme in terms of Rule 74 of the SEZ Rules. 2006. Page 28 of30

7-18 402.81 402.81 0.00 0.00 2018-19 (uoto 30.04.2018) 23.91 23.91 0,00 0.00 Total 14,t3.34 't41't.96 0.00 0.00 qrantino exit from SEZ scheme in terms of Rule 74 of the SEZ Rules. 2006. Page 28 of30

'18.3. Mr. Sushil Malik, Financial Controller & Ms. Neha Shah, Manager appeared before the Approval Committee on behalf of the unit. The representatives of the unit informed that projec{ is not being cost effective considering the benefits received by the company, hence, they wish to exit from SEZ scheme. 18.4. After due deliberations, the Approval Committee monitored the performance of unit in terms of Rule 54 and took note of the positive NFE earned by the unit upto its date of working under SEZ scheme i.e. upto 30.04.20'18. 19. M/s. Kavako Support Svstems Pvt. Ltd, - Proposat for monitorinq of oerformance U/R t4 before qrantinq exit from SEZ scheme in terms of Rule 74 of the SEZ Rules. 2006. 19. 1 . lt was brought to the notice of the Approval Committee that M/s. Kayako Support Systems P!rt. Ltd., a unit in IT/ITES SEZ of M/s DLF Cyber City Developers Ltd. at sector 24 & 254, DLF Phase-lll, Gurugram (Haryana) had applied for exit from SEZ scheme stating that the company is going to close down its operations in lndia. lt was informed that acceding to the request of unit a letter dt. 12.07.2018 was issued to the unit with the request to submit necessary documents, for further consideration of its proposal for exit. lt was informed thal unit vide its letters dt. 26.11.2018, dt. 04.12.2018 and dt. 06.12.2018 had submitted certain documents.

necessary documents, for further consideration of its proposal for exit. lt was informed thal unit vide its letters dt. 26.11.2018, dt. 04.12.2018 and dt. 06.12.2018 had submitted certain documents. However, it was informed that following documents / clarification still required to be submitted by the unit:- (i) No Objection/ No Dues Certificate from Jurisdictional Labour Department. (ii) No Objection/ No Dues Certificate from jurisdictional Service Tax/ GST Department. (iii) No Objection/ No Dues Certificate for local taxes i.e. CST /AT from the department concerned (now SGST/CGST/IGST). (iv) Submit status of softex filing beyond 01.04.2017 up to date of operation. (v) Clarify as to whether the DTA sales made during year 2018-19 for Rs.48.82 Lacs have been realized in foreign curency only as per provisions specified under Section 2(z) of SEZ Act, 2005. ln case the DTA sale is made against payment in INR as well as in forex, breakup details of same may be given year wise. (vi) Board resolution in favor of Mr. Dheeraj Shoor does not contain date. 19.2. Further, it was informed that performance/NFE achievement status of unit since inception, as per APRs & verified by NSEZ CA firm, is as under: O Performance/ NFE status for the oeriod (09.'12.201 1 to 08.12.2016) Year FOB value of export NFE earned DTA Sales Pending Foreign Exchange realization ,{* u,/ Page 29 of30

Z CA firm, is as under: O Performance/ NFE status for the oeriod (09.'12.201 1 to 08.12.2016) Year FOB value of export NFE earned DTA Sales Pending Foreign Exchange realization ,{* u,/ Page 29 of30

l1 (!) Performancei NFE status forthe oeriod (09.12.2016 to 06.12.2018) Year FOB value of export NFE earned DTA Sales Pending Foreign Exchanqe realization 2016-17 561.14 557.88 0.00 0.00 2017-18 '1201.08 1190.56 0.00 0.00 2018-19 291.93 281.41 48.82 0.00 Total 2054.15 2029.85 48.82 0.00 19.3. Mr. Ashutosh, Manager & Ms. Beena Pandey, Consultant appeared before the Approval Committee behalf of the unit. The representatives of the unit informed that the unit has not rendered any services in DTA. The DTA sales of Rs.48.82 lakhs shown in APR for the year 2018-19 are actually value of goods which were removed in DTA. The representatives of the unit requested to the Approval Committee to allow exit at the earliest as they are paying lease rent to SEZ Developer whereas they have already vacated the premises. 19.4. After due deliberations, the Approval Committee monitored the performance of unit in terms of Rule 54 and took note of the positive NFE earned by the unit upto 06.12.2018.

vacated the premises. 19.4. After due deliberations, the Approval Committee monitored the performance of unit in terms of Rule 54 and took note of the positive NFE earned by the unit upto 06.12.2018. The Approval Committee directed to send a reminder to respective departments with request to issue / forward necessary'NOC/No Dues'within 15 days failing which it will be deemed that they have no objection to allow exit to unit and appropriate action for exit of unit from SEZ scheme may be initiated / taken by this office accordingly. Meeting ended with a vote of thanks to the Chair. ,r.16# Joint Development Commissioner (Dr. L.B. Slnghal) Development Commissioner i. 2011-12 345.53 341.05 0.00 0.00 2012-13 861.30 796.82 0.00 0.00 2013-14 1491.52 1486.26 0.00 0.00 2014-15 1172.85 1167.43 0.00 0.00 201 5-16 1369.95 1359.43 0.00 0.00 2016-17 1441.56 1434.30 0.00 0.00 Tolal 6682.71 6s85.29 0.00 0.00 PagepofJD