IN FORCE SEZ / EOU / FTWZ

इकाई अनुमोदन समिति की बैठक का कार्यवृत्त 2018/12/17 पर आयोजित

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In force — no superseding record on file.

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Minutes of Approval Committee meeting of the Multi-Product SEZ of M/s. Mahindra World City (Jaipur) Ltd. held on 17.12.2018

Minutes of the meeting of Approval Committee of Multi-Product SEZ of M/s. Mahindra World City (Jaipur) Ltd. held under the Chairmanship of Dr. L.B. Singhal, Development Commissioner, Noida SEZ at 12:00 PM on 17.12.2018 in RIICO Board Room at Udyog Bhawan, Tilak Marg, Jaipur.

The following members of Approval Committee were present during the meeting: -

t: Shri S.S. Shukla, Jt. Development Commissioner, NSEZ 2. Shri Dinesh Pahadia, Addl. G.M., RIICO, Jaipur, 3. Shri B.K. Meena, Dy. Commissioner. CGST, Jaipur 4. — Shri Chandrakant Mishra, Jt. DGFT, Jaipur 5. Shri Vimal Mishra, Dy. General Manager, Mahindra World City (Jaipur) Ltd. — Representative of Developer, Special Invitee.

Besides, during the meeting Shri Manoj Kumar Saily, Specified Officer was also present in this meeting.

Manager, Mahindra World City (Jaipur) Ltd. — Representative of Developer, Special Invitee.

Besides, during the meeting Shri Manoj Kumar Saily, Specified Officer was also present in this meeting.

At the outset, the Chairman welcomed the participants. After brief introduction, each item 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 developer/ units, the following decisions were taken: -

Ratification of Minutes of last meeting of the Approval Committee held on 26.10.2018: -

The Approval Committee was informed that no reference against the decisions of the Approval Committee held on 26/10/2018 was received from any of the members of the Approval Committee or Trade and therefore, Minutes of the Meeting held on 26/10/2018 were ratified.

02. Proposal of M/s. KnitPro International for merger of its two SEZ units.

2.1. It was brought to the notice of Approval Committee that M/s. Knitpro International vide its letter dated 16.11.2018 had submitted proposal for merger of LOA No. 10/10/2016-SEZ/3260 dated 04.04.2016 of Unit-Il with LOA No. 10/39/2011-SEZ/3115 dated 02.05.2011 of Unit-I. The details of the both the units are as under:-

||=<br>Particulars<br>| LOA No. & Date|Pits<br>10/39/2011-SEZ/3115 dated|Pits<br>10/39/2011-SEZ/3115 dated|Pits<br>10/39/2011-SEZ/3115 dated|nit<br>10/10/2016-SEZ/3260 dated|nit<br>10/10/2016-SEZ/3260 dated|nit<br>10/10/2016-SEZ/3260 dated|
|---|---|---|---|---|---|---|---|
|||02.05.2011|||04.04.2016|||
||Location|8615.82 Sqmt.|at Plot No.||PA- |8777.17 Sqmt.|at|Plot No.PA-|
|||010-001 & PA-010-014|||010-002|||
||accepted.|||||||
||Date ofcommencement of|17.06.2011|||31.05.2016|||
||production|||||||
||LOA valid upto|16.06.2021|||30.05.2021|||
|_|Approved Authorised|i)<br>Manufacturing|&|export|of |Manufacturing of:|||
|||ty|||)||Page1of12|

Page 1 of 12

|31.05.2016||| ||production||||||| ||LOA valid upto|16.06.2021|||30.05.2021||| |_|Approved Authorised|i) Manufacturing|&|export|of |Manufacturing of:||| |||ty|||)||Page1of12|




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```text
|||||Minutes ofApproval Committee meeting|
|---|---|---|---|---|
|||||of the Multi-Product SEZ of M/s. Mahindra World City (Jaipur) Ltd. held on 17.12.2018|
|||-|||
|||||Accessories,<br>Beauty Tools &<br>Laminated Wood|
|||<br>||||HobbyRelated Products.<br>(ii)<br>Wooden<br>House —_Hold<br>(ii) Trading<br>of<br>Knitting<br>Tools<br>&<br>Products<br>Accessories.<br>(iii)<br>Wooden<br>Decorative|
|||||Products|
|||||(iv)<br>Wooden<br>construction|
|||||related products|
|||||(v)<br>Wooden Furniture &Fixture|
|||||and other related products.|
|||Es|||
|||(for five years)|||
|||i)|FOB value of export|58000.00<br>2500.00|
|||ii)|Forex outgo|11095.00<br>1250.00|
|||iii)|NFE (1-2)|46905.00<br>1250.00|
|||iv)|Imported Capital Goods|20.00<br>Nil|
|||v)|Indigenous Capital Goods|30.00<br>150.00|
|||vi)|Imported Raw Material|11075.00<br>1250.00|
|||vii)|Indigenous Raw Material|4638.00<br>125.00|
|||Employment|||
|||Performance of the unit since||| Unit-l|
|||inception (as per APRs)||(Rs.

.00|
|||vi)|Imported Raw Material|11075.00<br>1250.00|
|||vii)|Indigenous Raw Material|4638.00<br>125.00|
|||Employment|||
|||Performance of the unit since||| Unit-l|
|||inception (as per APRs)||(Rs. in lakhs)|
|||||Year<br>FoB value of exports<br>NFE<br>Pending<br>eee<br>caminge | tre<br>P2012|<br>a7a.t9| 1846.99<br>0.00<br>201213|<br>——=—=«274.02| —3767.62| —0.00|<br>(2013-14 |SS70TS.90|SB65.0B[<br>0.00<br>2014-15 |<br>S=«7388.52|6349.78[<br>0.00<br>201616|<br>——=«732.39| 7990.71| _—_—0.00|<br>(2016-17 [1280.36<br>8763.76[<br>(0.00<br>(2017-18<br>[|«3037.00<br>10277**.**98[<br>**0.00**<br>(Total:[5388737<br>| 44855 32||
|||||Unit-ll|
|||||(Rs. in lakhs)|
||||||Year<br>NFE<br>Pending<br>Supply under |<br>Earnings<br>forex<br>fees<br>rage]ee|<br>2016-47 | 000;<br>424.36[——386.19|<br>———~**0.00|**<br>2017-18 | 48.50|<br>683.99;<br>505.91] _—_—<br>Total:|48.50/1108.35|e92.1|<br>0.00||

2.2. It was informed that the unit has given following business reasons for merger of above two units:-

(i) |The Engineered Compreg Laminated Wood that is currently being made in Unit-ll is solely being supplied to Unit-| where knitting needles are being manufactured. All the other products mentioned in the LOA are yet to be manufactured.
(ii) | Their plans to export Engineered Compreg Laminated Wood and other products could not materialize as their overseas business partners, who were responsible for marketing of these products internationally, have unexpectedly changed their business plans and are therefore not interested any further in sales of these products.

rtners, who were responsible for marketing of these products internationally, have unexpectedly changed their business plans and are therefore not interested any further in sales of these products.

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Minutes of Approval Committee meeting
of the Multi-Product SEZ of M/s. Mahindra World City (Jaipur) Ltd. held on 17.12.2018
(iii) The merger of LOAs would help them tremendously in terms of ‘Ease of Doing Business’ since they can utilize the premises at both the unit in a seamless manner for carrying out manufacture of Knitting Needles, Engineered Compreg Laminated Wood and other product as mentioned in the two Letter of Approvals.
(iv) There would also be ease in terms of complying with the customs regulations and their paper work requirement would also come down significantly.
(v) There would be no need to maintain different records for two units and that would help make their processes more efficient.

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ificantly.

(v) There would be no need to maintain different records for two units and that would help make their processes more efficient.

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----- Start of picture text ----- 2.3. It was further informed that the unit has submitted revised consolidated export / NFE projections, requirement of imported / indigenous capital goods/raw materials & employment generation, post merger of above LOAs, as given below:- (Rs. in lakhs) FOB value of Export Ea 62473.00 Forex Outgo | 6567.00 NFE Earning le | 55906.00 Imported Capital Goods ed 50.00 Indigenous Capital Goods eR 50.00 Imported Raw Material re | 6517.00 Indigenous Raw Materials i 4638.00 Employment Bil 950 Nos. ----- End of picture text -----

2.4. Further, it was informed that the unit had also confirmed that that post-merger, Income Tax exemption period shall be considered from the date of start of operation of first Unit i.e. w.e.f. 17.06.2071:

2.5. It was further informed that as per Proviso 4 to Rule 19(2) of SEZ Rules, 2006 (as inserted vide Notification No. GSR 909(E) dt. 19.09.2018) provides as under:-

Unit i.e. w.e.f. 17.06.2071:

2.5. It was further informed that as per Proviso 4 to Rule 19(2) of SEZ Rules, 2006 (as inserted vide Notification No. GSR 909(E) dt. 19.09.2018) provides as under:-

“Provided also that the Approval Committee may approve proposals for merger of Letters of Approvals of two or more Units of the same company or firm subject to the condition that these units fall within the same Special Economic Zone and after merger, block period for calculation of Net Foreign Exchange shall be from the date of commencement of production of the Unit which commenced first and the Income Tax exemption shall be considered from the date of start of operation of the first unit.”.

2.6. — It was further informed that following information are required from the unit:-

(i) Unit-l has been allowed ‘Trading of Knitting Tools & Accessories’. Hence, separate export / NFE projections for ‘Trading’ activity needs to be given. iy ; Page 3 of 12%

Minutes of Approval Committee meeting of the Multi-Product SEZ of M/s. Mahindra World City (Jaipur) Ltd. held on 17.12.2018

;

(ii) Unit also needs to take into account indigenous inputs in forex outgo for calculation of NFE.
(iii) Copy of amended registered partnership deed incorporating addendum dated 01.01.2016 is required / awaited.

2.7. Mr. Munish Bhalla, V.P. appeared before the Approval Committee and explained the proposal. He informed to the Approval Committee that they will not undertake ‘Trading’ activity from the merged unit.

r. Munish Bhalla, V.P. appeared before the Approval Committee and explained the proposal. He informed to the Approval Committee that they will not undertake ‘Trading’ activity from the merged unit.

2.8. After due deliberations, the Approval Committee approved the proposal for merger of LOA No. 10/10/2016-SEZ/3260 dated 04.04.2016 of Unit-ll with LOA No. 10/39/2011-SEZ/3115 dated 02.05.2011 of Unit-l in terms of Proviso 4 to Rule 19(2) of SEZ Rules, 2006, as well as authorized operations of both LOAs, excluding ‘Trading of Knitting Tools & Accessories’, subject to the following conditions :

(i) Approval Committee observed that both the units had achieved NFE on the date of merger.
(ii) After merger cumulative NFE will be monitored with reference to the date of commencement of production of the first unit i.e. 17.06.2011 and in other words after merger the current block of five years will commence from 17.06.2016.
(iii) The unit will be allowed Income Tax exemption from the date of commencement of production of the first unit i.e. from 17.06.2011.
(iv) | Trading activity included in the LOA issued to the first unit has been disallowed on the request of the Promoter of the unit.

The approval is subject to the submission of following details: -

(i). Revised NFE detail taking into account indigenous inputs in forex outgo for calculation of NFE.
(ii). Copy of amended registered partnership deed incorporating addendum dated 01.01.2016 is required / awaited.

3. Proposal of M/s. ASI Industries Ltd. for setting up of new unit.

3.1. It was brought to the notice of the Approval Committee that M/s. ASI Industries Ltd. has submitted an application for setting up a unit over an area of 27674.60 Sqmt land at Plot No. PA008-020 to 023 in the Multi-Products SEZ of M/s Mahindra World City (Jaipur) Ltd. located at Village Kalwara, Jhai, Bhamboriya, Bagru Khurd & Newta, Tehsil-Sanganer, Distt- Jaipur (Rajasthan) for ‘Manufacturing of Engineered Stone (Annual Capacity - 600000 Sqmt.)” with projected exports of Rs. 72622 Lakhs and the cumulative NFE of Rs. 62735 Lakhs over a period of five years. It was also informed that the investment of Rs.13600 Lakhs towards imported capital goods and Rs.2747 lakhs towards Indigenous capital goods & other cost of the project would be met from the promoter's dey Page 4 of 12 4 of 12 of 12 12

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Minutes of Approval Committee meeting of the Multi-Product SEZ of M/s. Mahindra World City (Jaipur) Ltd, held on 17.12.2018 contribution & Foreign Currency Term Loan. It was further informed that the SEZ developer has given provisional offer for allotment of proposed land to the applicant.

3.2. It was also informed that following shortcomings had been observed in the application in the first instance, which had been communicated to the applicant:-

(i) Discrepancies in Online Form-F:-
- a) Total proposed forex outgo for 5 years has been shown Rs.9887 lakhs in Para XI! of Form-F, whereas investment on imported Plant & Machinery has been shown as Rs.13600 lakhs in para VII(a)(ii) of Form —F. The applicant need to include proposed value of imported Plant & Machinery of Rs.13600 lakhs and indigenous inputs of Rs. 50110 lakhs in proposed outgo and rectify the NFE calculations in Para XI of Form-F.
- b) Variation in proposed investment on Indigenous Plant & Machinery in Para VI(a)(i) vis-avis projections mentioned in Project Report have been found. Applicant has mentioned Rs.2747 lakhs in Form-F whereas in Project Report it has been mentioned as Rs.7.60 Crore (Rs.760 lakhs) & Rs. 1824 lakhs in list of capital goods.
- c) Value in Para VIII of Form-F need to be given in INR only & not in lakhs.
- d) Requirement of Power of 6480000 KVA mentioned in Para VIII(5) appears to be on higher side, hence need to be rechecked.

in Para VIII of Form-F need to be given in INR only & not in lakhs.

d) Requirement of Power of 6480000 KVA mentioned in Para VIII(5) appears to be on higher side, hence need to be rechecked.
e) Reply in respect of Para XII(ii) shall be given in ‘Yes’ or ‘No’. Applicant has mentioned ‘NA’.
(ii). Variation in Means of Finance given in Project Report vis-a-vis Para VI(b) of Form-F have been found.
(iii). ITC (HS) Code of proposed item of manufacture i.e. ‘Engineered Stone — Other’ required to 3
be given.
(iv). Breakup of proposed foreign exchange outgo required to be given.
(v). Details of shareholding pattern of the company duly certified by CA required to be given. (vi). In Board Resolution dated 05.11.2018, consent of board for setting up of unit for manufacturing of Engineering Stone in Special Economic Zone and Domestic Tariff Area developed by Mahindra World City (Jaipur) Ltd. at Jaipur, has been mentioned. This need to be clarified by the applicant.
(vii). Developer vide its letter dated 19.11.2018 has given provisional letter of allotment for 27674.60 Sqmt land at Plot No. PA-008-020 to 023, whereas in Para VIII of Form-F, applicant has shown requirement of 13460 Sqmt. land.
(viii). In projected P&L Statement, year-wise revenue mentioned by the applicant does not match |
with the export projections given in Form-F.

3.3. Mr. Tushya Jatia, Executive Director appeared before the Approval Committee on behalf of the applicant company and explained the proposal. The representatives of the applicant informed dy Page 5 of 12.

Tushya Jatia, Executive Director appeared before the Approval Committee on behalf of the applicant company and explained the proposal. The representatives of the applicant informed dy Page 5 of 12.

Minutes of Approval Committee meeting of the Multi-Product SEZ of M/s. Mahindra World City (Jaipur) Ltd. held on 17.12.2018 that they are expected to commence operation from SEZ by February, 2019. He further informed that basically his unit makes agglomeration of stone i.e. quartz ITC(HS) classification of which is 68109990. He also informed that 90% quartz will be procured indigenously and resin which would be 10% of total manufacturing will be imported. During the meeting representative of the unit informed that he has already submitted the required documents vide their letter dt. 15.12.2018. Approval Committee clarified that the Vehicle of Rs..30 lakhs projected by the unit is not a subject matter of the Approval committee and duty free procurement of the same is not permissible. Further Approval Committee pointed out that NFE projected by the unit has been calculated taking indigenous plant & machinery, raw-material etc. into account. The Approval Committee also clarified that unit will re-submit the corrected NFE statement by taking into account the indigenous procurement in terms of amended Rules notified vide Notification No. G.S.R. 909(E) dt. 19.09.2018.

arified that unit will re-submit the corrected NFE statement by taking into account the indigenous procurement in terms of amended Rules notified vide Notification No. G.S.R. 909(E) dt. 19.09.2018.

3.4. After due deliberations, the Approval Committee approved the proposal subject to examination of required documents / information as mentioned above. 04. M/s. Orvi Design Studio for inclusion of additional item of manufacture in LOA. 4.1. — |t was informed that the Approval Committee in its meeting held on 24.09.2018 had deferred the proposal of m/s. Orvi Design Studio for inclusion of additional item of manufacture in LOA and directed the representatives of the unit to submit detailed write-up along with following documents to Specified Officer of Mahindra World City SEZ, Jaipur:-

(i) Specific name of item of manufacture in which they will use the proposed imported semiprecious stones as value added items along with its correct ITC(HS) Code.
(ii) Changes in export/ NFE projections, if any, in prescribed format. (iii) A certificate from the DC, Handicraft or EPCH that the item proposed to be manufactured with the semi-precious stone falls under the Handicraft category.

4.2. It was also informed that the Approval Committee had directed that the matter may be put up before it along with the comments of Specified Officer. Besides, the Approval Committee clarified that import of ‘Prohibited / Restricted’ shall not be allowed.

rected that the matter may be put up before it along with the comments of Specified Officer. Besides, the Approval Committee clarified that import of ‘Prohibited / Restricted’ shall not be allowed.

4.3. It was informed that as directed by the Approval Committee, email regarding submission of required documents by the unit to Specified Officer had been sent to the unit on 29.10.2018 with copy to Specified Officer.

4.4. It was informed that with reference to discussions in UAC meeting held on 24.09.2018, the unit vide its letter dated 15.11.2018 had submitted following documents:-

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Minutes of Approval Committee meeting of the Multi-Product SEZ of M/s. Mahindra World City (Jaipur) Ltd. held on 17.12.2018

(i) Self certified copy of Certificate issued by Assistant Director(H), O/o. DC(Handicrafts), Min. of Textile, Govt. of India certifying that the following items falls under the Category of Handicrafts items:-

(a) Handicrafts all types of stone with inlay work of Mother of Pearls and other semiprecious stones — HS Code 71031023- Agate, HS Code 71031019 — Malachite, HS Code 71031019- Lapiz Lazuil, HS Code 96019090- Mother of Pearls.
(b) Handicrafts Glass tiles with inlay work of Mother of Pearls and other semiprecious stones — HS Code 71031023- Agate, HS Code 71031019 — Malachite, HS Code 71031019- Lapiz Lazuil, HS Code 96019090- Mother of Pearls.

tiles with inlay work of Mother of Pearls and other semiprecious stones — HS Code 71031023- Agate, HS Code 71031019 — Malachite, HS Code 71031019- Lapiz Lazuil, HS Code 96019090- Mother of Pearls.

(c) Handicrafts Wooden tiles with inlay work of Mother of Pearls and other semiprecious stones — HS Code 71031023- Agate, HS Code 71031019 — Malachite, HS Code 71031019- Lapiz Lazuil, HS Code 96019090- Mother of Pearls.
(d) Handicrafts Raku Ceramic tiles with inlay work of Mother of Pearls and other semi-precious stones — HS Code 71031023- Agate, HS Code 71031019 — Malachite, HS Code 71031019- Lapiz Lazuil, HS Code 96019090- Mother of Pearls.
(ii) Manufacturing process of the items which are proposed to be included in LOA showing photographs of Lapis Lazuli, Mother of Pearls & Malachite.

4.5. It was informed that the unit has mentioned that unit has requested for inclusion of following items of manufacture in LOA:-

(i). | Handicrafts all types of stone with inlay work of Mother of Pearls and other semiprecious stones.
(ii). Handicrafts Glass tiles with inlay work of Mother of Pearls and other semi-precious stones.
(iii). Handicrafts Wooden tiles with inlay work of Mother of Pearls and other semi-precious stones.
(iv). Handicrafts Raku Ceramic tiles with inlay work of Mother of Pearls and other semiprecious stones.

4.6. Further, it was informed that unit had also requested to grant permission to Import & as well as procure from local market the following items:-

ther of Pearls and other semiprecious stones.

4.6. Further, it was informed that unit had also requested to grant permission to Import & as well as procure from local market the following items:-

||Name ofItems __| ITC (HS) Code|Annual Quantity _| Import Policy|Annual Quantity _| Import Policy|
|---|---|---|---|
||71031023|3000 Kg.||
|(ii).|_|Malachite<br>71031019 (Other)<br>1000 Kg.<br>Lapis Lazuli<br>71031019 (Other) |3000 Kg.<br>MotherofPearl|96019090<br>3000Kg.||Restricted|

( 7d

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Minutes of Approval Committee meeting of the Multi-Product SEZ of M/s. Mahindra World City (Jaipur) Ltd. held on 17.12.2018 It was informed that import of Mother of Pearl (ITC HS Code 96019090) is ‘Restricted’ for import. The Approval Committee in its meeting held on 24.09.2018 already clarified that import of Prohibited/Restricted’ shall not be allowed.

4.7. |t was further informed that following information are required:-
- (i) Comments from Specified Officer, as directed by the Approval Committee, is still awaited.
- (ii) ITC(HS) Code of final product proposed to be included in LOA has not been given. (iii) Unit has not mentioned about changes in projections, if any, as requested vide this office email dated 29.10.2018.

4.8. Shri Ghanshyam Baheli. G.M. & Shri Rajeev Mathur, Manager appeared before the Approval Committee and explained that proposal.

s, if any, as requested vide this office email dated 29.10.2018.

4.8. Shri Ghanshyam Baheli. G.M. & Shri Rajeev Mathur, Manager appeared before the Approval Committee and explained that proposal.

4.9. After due deliberations, the Approval Committee approved the proposal for inclusion of following items in the authorized operation of LOA, subject to submission the required documents / information as mentioned above: -

(i). | Handicrafts all type of stone with inlay work with semi precious stones.
(ii). |Handicrafts glass tiles with inlay work with semi precious stones. (iii). Handicrafts wooden with inlay work with semi precious stones. (iv). Handicrafts raku ceramic tiles with inlay work with semi precious stones.

4.10. Further, the Approval Committee clarified that import of Mother of Pearl (ITC HS Code 96019090) is ‘Restricted’, hence import of Mother of Pearl shall not be allowed. However, Approval Committee pointed out that import of the restricted item i.e. Mother of Pearl can be allowed by Board of Approval. In case the unit wants to import of Mother of Pearl it may make a proposal to NSEZ for taking up with the BOA for consideration & approval.

5; Proposal of M/s. Orvi Design for renewal of LOA.

5.1. It was brought to the notice of the Approval Committee that M/s. Orvi Design Studio had applied vide its letter dt.05.10.2018 for renewal of LOA for next five years beyond 31.10.2018. It was informed that certain discrepancies had been found in application which had been communicated to the unit vide this office email dt. 23.10.2018 and a temporary extension for two months i.e. upto 31.12.2018 had been granted to the unit vide this office letter dt. 23.10.2018, so that work of unit does not suffer. Further, it was informed that with reference to this office email dated 23.10.2018, the unit vide its letter dated 14.11.2018 submitted required document. It was informed that on scrutiny of the documents submitted by the unit, again some discrepancies had been found which had been communicated to the unit vide this office email dt. 03.12.2018. Besides, temporary extension for further two months i.e. upto 28.02.2019 had been granted vide this office letter dt. 04.12.2018, subject to ratification by the Approval Committee.

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Minutes of Approval Committee meeting of the Multi-Product SEZ of M/s. Mahindra World City (Jaipur) Ltd. held on 17.12.2018 5.2. |t was informed that the unit needs to rectify the following discrepancies which had been

communicated to the unit vide this office email dated 03.12.2018:-

. held on 17.12.2018 5.2. |t was informed that the unit needs to rectify the following discrepancies which had been

communicated to the unit vide this office email dated 03.12.2018:-

(i) The unit has not mentioned all items of manufacture/service activity in part Il of Form F1.
(ii) Breakup of the forex outgo for Rs. 392.58 is required
(iii) Variation in the exiting value of approved imported raw material & C.G and indigenous raw material & C.G. have been found in From-F1.
(iv) Self declaration related to following criteria specified in Rule 19(6B):
- a) Instance of violation of applicable statutes related to the functioning of the unit.

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----- Start of picture text ----- b) Cases of default, if any, of statutory payments. c) Undertaking of any activity not sanctioned or approved by the Development Commissioner. (v) Rectified APRs for the years 2013-14 to 2017-18 as per observation by CA firm, NSEZ required to be submitted. (vi) Variation has also been observed in the current block of forex balance sheet submitted by the unit and figures submitted by CA as per APRs. (vii) Consent letter from the developer for renewal of LOA. 5.3. Further, it was informed that per the CA Report Year wise Performance/NFE achievement status of unit as per APRs & verified by NSEZ CA firm is as under: (Rs.

veloper for renewal of LOA. 5.3. Further, it was informed that per the CA Report Year wise Performance/NFE achievement status of unit as per APRs & verified by NSEZ CA firm is as under: (Rs. in lakhs) realization 2013-14 [150.79 | 0.00 | 415 | 864 |. 2014-15 | sito | 000 | 9964 | 411.96 [0.00 2015-16 _ _ 2016-17 0.00 /2orae | 7ie7e | ioras | 130.31 | 57047 | 0.00 | | Total: | 2786.90 | 189.43 | 844.47 | 1942.43 | 0.00 ----- End of picture text -----

It was informed that some rectification are required in APRs for the Years 2013-14 to 201718 as per observations of CA firm which has been communicated to the unit directly by the CA firm.

5.4. Shri Ghanshyam Baheli. G.M. & Shri Rajeev Mathur, Manager appeared before the Approval Committee. The Approval Committee directed the representative of the unit to expedite the submission of required documents.

5.5. After due deliberations, the Approval Committee ratified the extension of LOA for two months i.e. upto 28.02.2019 granted to the unit vide letter dt.04.12.2018. The Approval committee also approved the renewal of LOA for next 5 years i.e. from 01.11.2018 to 31.10.2023, subject to removal of deficiencies and other required documents as mentioned above. ty A Page 9 of 1%

Minutes of Approval Committee meeting of the Multi-Product SEZ of M/s. Mahindra World City (Jaipur) Ltd. held on 17.12.2018 6. Proposal of M/s. Nagarro Enterprise Services Pvt. Ltd. for renewal of LOA.

pproval Committee meeting of the Multi-Product SEZ of M/s. Mahindra World City (Jaipur) Ltd. held on 17.12.2018 6. Proposal of M/s. Nagarro Enterprise Services Pvt. Ltd. for renewal of LOA.

6.1. It was brought to the notice of the Approval Committee that M/s. Nagarro Enterprise Services Pvt. Ltd. had applied vide its letter dt.26.09.2018 for renewal of LOA for next five years beyond 29.09.2018. It was informed that certain discrepancies had been found in application which had been communicated to the unit vide this office email dt. 09.10.2018 and a temporary extension for two months i.e. upto 29.11.2018 had been granted vide this office letter dt. 11.10.2018, so that work of unit does not suffer. Further, it was informed that with reference to this office email dated 09.10.2018, the unit vide its letter dated 20.11.2018 & subsequent letter dated 22.11.2018 submitted required document. It was informed that on scrutiny of the documents submitted by the unit, again some discrepancies had been found which had been communicated to the unit vide this office email dt. 03.12.2018. Besides temporary extension for further two months i.e. upto 29.01.2019 had been granted vide this office letter dt.30.11.2018, subject to ratification by the Approval Committee.

6.2. It was informed that the unit needs to rectify the following discrepancies which had been communicated to the unit vide this office email dated 03.12.2018:-

cation by the Approval Committee.

6.2. It was informed that the unit needs to rectify the following discrepancies which had been communicated to the unit vide this office email dated 03.12.2018:-

(i) The unit has not mentioned details of approved service activities in part Il of Form F1. (ii) Proposed value of export/outgo/NFE and requirement of indigenous/imported Capital Goods for next five years mentioned in online application do not match with the projections given in Form-F1. Hence rectified online application indicating figures matching with FormF1 required to be submitted.
(iii) Variation in the exiting approved value of imported raw material & C.G and indigenous raw material & C.G. have been found in Form-F1.
(iv) Revised breakup of proposed forex outgo of Rs. 144.43 lakhs including the value of proposed imported capital goods of Rs. 20.56 lakhs required to be submitted.
(v) Breakup of DTA sales of Rs. 276.40 lakhs i.e weather payment has been received in INR or Free foreign exchange also required to be given.

(vi) As per observation of CA pending forex realization is Rs. 0.54 lakhs details of same may be submitted.

6.3. Further, it was informed that per the CA Report Year wise Performance/NFE achievement status of unit as per APRs & verified by NSEZ CA firm is as under:

(Rs. In Lakhs)

|-2oreta | 12201 | 544s | 000 |<br>Porets | 1253.23 | 12517 | 000 |||oo<br>S—*<br> 028|
|---|---|---|
|P 2016-17 | 2923.59 | 202363) 2401 | <br>P 2017-18 | _24aa06 | 24aaoe | 000 |||00S<br>0.00|
|Oy|:|Page10 of12|

4s | 000 | Porets | 1253.23 | 12517 | 000 |||oo S—* 028| |---|---|---| |P 2016-17 | 2923.59 | 202363) 2401 | P 2017-18 | _24aa06 | 24aaoe | 000 |||00S 0.00| |Oy|:|Page10 of12|




Minutes of Approval Committee meeting of the Multi-Product SEZ of M/s. Mahindra World City (Jaipur) Ltd. held on 17.12.2018 

| 

L 

6.4. Sh. Kuldeep Shekhawat, Manager appeared before the Approval Committee on behalf of the unit. However, the Approval Committee observed that the representatives of the unit is not in position to explain the matter. 

6.5 The Approval Committee observed that unit has made DTA sale amounting to Rs.276.40 lakhs and has pending foreign exchange for realization amounting to Rs.54,000/- (Rs.25,000/- for the year 2014 & Rs.29,000/- for the year 2015-16). The AC directed to seek clarification from the unit as to whether DTA sale has been made in the free foreign exchange and otherwise has been realized or extension has been received from the RBI or from the AD Bank/RBI as the case may be. 

6.6. After due deliberations, the Approval Committee ratified the extension of LOA for two months i.e. upto 29.01.2019 granted to the unit vide letter dt.30.11.2018. The Approval committee also approved the renewal of LOA for next 5 years i.e. from 30.09.2018 to 29.09.2023, subject to removal of deficiencies and other required documents as mentioned above. Further, the Approval Committee directed that this case may be placed again before the AC and letter may be sent to the Director by name with a request to appear before the Approval.

ntioned above. Further, the Approval Committee directed that this case may be placed again before the AC and letter may be sent to the Director by name with a request to appear before the Approval. 

Ts Proposal of M/s. Mahindra World City (Jaipur) Ltd., Developer for cancellation of the said permission letter dated 29.09.2015 issued by this office for allotment of built up space to M/s. Bimlaxmi Hospitality Management to setup & operate a ‘Food Court’ in the processing area of SEZ 

7.1 It was brought to the notice of Approval Committee that the Developer, M/s. Mahindra World City (Jaipur) Ltd. had submitted a proposal for cancellation of the permission letter No. 10/190/2008SEZ/10048 dated 29.09.2015 issued by this office for allotment of 250 Sq. ft. at Basement of Evolve Building to M/s. Bimlaxmi Hospitality Management to setup & operate a ‘Food Court’ in the processing area of SEZ. It was informed that the developer had submitted a copy of ‘Final point of agreement between MWCJ and Bimlaxmi’ on letterhead of Developer duly signed by Authorized Signatories of developer & Bimlaxmi on 17.08.2018. It was further informed that the developer had mentioned that original permission letter dated 29.09.2015 is not available with them. Developer had undertaken that they will not use it in future. 

7.2. Mr. Vimal Mishra, DGM appeared before the Approval Committee on behalf of the developer and requested to cancel the said letter of allotment.

undertaken that they will not use it in future. 

7.2. Mr. Vimal Mishra, DGM appeared before the Approval Committee on behalf of the developer and requested to cancel the said letter of allotment. 

7.3. After due deliberations, the Approval Committee decided to cancel the letter No. 10/190/2008-SEZ/10048 dated 29.09.2015 issued for allotment of 250 Sq. ft. at Basement of Evolve Building to M/s. Bimlaxmi Hospitality Management to setup & operate a ‘Food Court’ in the processing area of SEZ. Ly,/ Page 11 of 12 11 of 12 of 12 12 

Page 11 of 12 11 of 12 of 12 12 

Minutes of Approval Committee meeting of the Multi-Product SEZ of M/s. Mahindra World City (Jaipur) Ltd. held on 17.12.2018 8. Proposal of M/s. Traction on Demand India Pvt. Ltd. for expansion of area of the unit. 

, 

: 

8.1. It was brought to the notice of the Approval Committee that M/s. Traction on Demand India Pvt. Ltd. had submitted a proposal for expansion of the area of the unit. It was informed that the unit is presently operating from 4704 Sqft. built-up area at Ground floor, Plot No. IT-A-017 on shift basis (from 09.00 AM to 09.00 PM) with another SEZ unit namely M/s. Nucleus Software Exports Ltd. It was informed that unit has requested for addition of 10980 Sqft. built-up area on 1*' floor, Plot No. IT-A-017 of SEZ. It was informed that the SEZ Co-developer, M/s. Nucleus Software Ltd. has given provisional offer for allotment of proposed additional space to the unit.

area on 1*' floor, Plot No. IT-A-017 of SEZ. It was informed that the SEZ Co-developer, M/s. Nucleus Software Ltd. has given provisional offer for allotment of proposed additional space to the unit. It was further informed that the unit has mentioned that the projected export, capital goods requirement & employment generation ofthe unit will remain unchanged. 

8.2. Further, it was informed that the proposed addition of area i.e. 10980 Sqft. built-up area on 1° floor is also in possession of existing unit M/s. Nucleus Software Exports Ltd.. Besides, M/s. Nucleus Software Exports Ltd. vide its letter dated 06.12.2018 had applied for exit from SEZ Scheme which is under process on concerned file. 

8.3. | Sh. Manpreet Singh, Managing Director of M/s. Traction on Demand India Pvt. Ltd. and Ms. Poonam Bhasin, Company Secretary of M/s. Nucleus Software Limited (Co- Developer) appeared before the Committee and explained the proposal. The representative of the unit informed that post receipt of approval for additional area, the unit would be operational in combined area of approx. 15684 Sqft. on Ground & 1* floor of Plot No. IT-A-017. He further mentioned that after fit-out of additional area at 1° floor of Plot No. IT-A-017 in next 4-5 months, they will surrender the area of ‘4704 Sqft. at Ground floor, Plot No. IT-A-017 on shift basis (from 09.00 AM to 09.00 PM)’ and would run in area approx. 10980 Sqft. on 1* floor, Plot No. IT-A-017.

they will surrender the area of ‘4704 Sqft. at Ground floor, Plot No. IT-A-017 on shift basis (from 09.00 AM to 09.00 PM)’ and would run in area approx. 10980 Sqft. on 1* floor, Plot No. IT-A-017. 

8.4. The representative of M/s. Nucleus Software Limited (Co-Developer) requested the Approval Committee to grant in-principle approval to M/s. Nucleus Software Exports Ltd. for exit from SEZ Scheme. 

8.4. After due deliberations, the Approval Committee approved the proposal of the unit for expansion of area by addition of 10980 Sqft. built-up area on 1* floor, Plot No. IT-A-017 of SEZ. The AC also directed that the complete facts may be placed before it in its next meeting for monitoring of export performance of M/s Nucleus Software Exports Ltd. 

The meeting ended with a vote of thanks to the Chair. 

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