← Archive
IN FORCE SEZ / EOU / FTWZ

13.02.2019 को आयोजित 100% ईओयू के लिए यूएसी बैठक की पहली बैठक (2019 श्रृंखला) के कार्यवृत्त

Reliability

In force — no superseding record on file.

Document text

: F

|

—

UR Ga, forpra agent or aBralta aivst fasts aififa aa atest aret Ys, FU-I, AeST-201305, fore TAA gE AK Government of India, Min. of Commerce & Industry, Deptt. of Commerce, Office of theDevelopment Commissioner NOIDA SPECIAL ECONOMIC ZONE _Noida Dadri Road, Phase-II, NOIDA-201305, Distt. Gautam Budh Nagar (UP) =

feat 13.02.2019 HY 11.30 AT Hl VAVSS.SS., ASTA at. fa. fF cal A FS 100° fa wala sya cal dom (2019 cal

The following members of the Approval Committee were present in the meeting:

  1. Shri S.S. Shukla, Joint Development Commissioner, NSEZ, Noida, 2. Shri Mukesh Kataria, Deputy Commissioner, (Customs) Office of Commissoinerate of Customs Jodhpur.
  • x Shri Rajesh Sharma, Assistant Commissioner (Customs), Commissionerate of Customs, ICD Dadri (Greater Noida).
  1. Shri V.K. Tiwari, Assistant Commissioner (Customs), Commissionerate of Customs, Lucknow.
  • St Shri Chand Singh, Assistant Commissioner (Customs), Commissionerate of Customs, New Delhi.
  1. Shri R.L. Meena, Assistant DGFT, Central Licensing Authority, New Delhi.

Besides, during the meeting (i) Shri R.K. Srivastava, Dy. Development Commissioner, NSEZ (ii) Shri Ram Baboo, Assistant Development Commissioner, NSEZ and (iii) Shri Subodh Kumar Jha, Assistant Development Commissioner, NSEZ were also present to assist the Approval Committee.

  1. At the outset, Development Commissioner, NSEZ welcomed the participants. After brief introduction, each items included in the agenda were taken up for deliberation one by one. 1.01(2019) feate 12.12.2018 aT Bs agian aaa Ht dash ard Ga HT aqated

It was informed that no reference against the decisions of the Approval Committee held on 12.12.2018 has been received, and therefore the Committee ratified the Minutes

of the Approval Committee held on 12.12.2018.

t no reference against the decisions of the Approval Committee held on 12.12.2018 has been received, and therefore the Committee ratified the Minutes

of the Approval Committee held on 12.12.2018.

a Ri atts, ee Ben atiiterr ote, eftemr fafees, age ae, waree same was, etoeta af, ag Peeeft-110001. ay war errata: 0120-2667270; 3021444 H 46, {Ore 0120-2562314 0120-2567276 fret dries Solas: 011-23701 096; awe: wo cr sor ui; fa: <de@nsez gov in> Page 1 of 25 sicnde,, t pees

‘

ART UOT, fopre syed or raters aivst fasre anfiies aa atest araet vts, Be-ll, Atest-201305, foren aha qe wT Government of India, Min. of Commerce & Industry, Deptt. of[Commerce,] Office of the Development Commissioner NOIDA SPECIAL ECONOMIC ZONE Noida Dadri Road, Phase-II, NOIDA-201305, Distt. Gautam Budh Nagar (UP) _

1.02(201) — Fearfafer qfeaar ® a7 6.36 & cee Stet orfttare & vast F Pate arias ar gary ant F aRada a weave .(Conversion of EPCG export obligation into EOU scheme)

It was informed to the Committee that M/s D & Y Technologies Private Limited was issued LOP No. 31-01/2012-100%EOU dated 06.07.2012 for manufacture and export of UV Coating of Mobile Phones Cover & Parts. Unit’s DCP is 20.09.2012 and during current block 21.09.2017 to 20.09.2022, the NFE of the unit up to the period 31.12.2018 is positive. Further, as per APR submitted by the unit till 2017-18, no foreign exchange is pending for realization.

block 21.09.2017 to 20.09.2022, the NFE of the unit up to the period 31.12.2018 is positive. Further, as per APR submitted by the unit till 2017-18, no foreign exchange is pending for realization.

  1. It was informed that after completion of two years as EOU unit vide their letter dated 22.08.2014 had informed this office that they have one EPCG license No. 0530158663 dated 28.06.2012 which was obtained from the O/o of DGFT CLA, New Delhi for a value of Rs. 5,48,08,129.00. By way of this EPCG License they saved duty to the tune of Rs. 1,42,50,114.00. As per condition of said EPCG License they had to fulfill the export obligation to the tune of Rs.8,55,20,684.00 within a period of six years from the date ofissue ofthe license i.e. 28.06.2012.

3 It was informed that while submitting application lor setting up LO0% EOU on 03.04.2012, the unit had neither informed about EPCG License already obtained from O/o DGEL nor it informed to the UAC during the project: discussion/personal hearing

Fick oftre: ez Rea anette atte eeu fees, aqd oe, waree ara waa, ctereeta art, ag eeat-110001. ARUN WTA HHTatere: 0120-2567270; 3021444 Bae, / HT 0120-2562314 0120-2567278 fer) Shfdrer Sef: G1 1-23701096; aware: wow see cori: ble <de@nsezgov, in> Page 2 of 25 (:[Van] Ae

:

ART URE, foare arqad at Hratcta aivst fasts anfiie ea atest ae Vs, Sa-LL, ATS-201305, fret haa g~ 7K Government of India, Min. of Commerce & Industry, Deptt. of Commerce, Office of theDevelopment Commissioner NOIDA SPECIAL ECONOMIC ZONE Noida Dadri Road, Phase-II, NOIDA-201305, Distt. Gautam Budh Nagar (UP)

of India, Min. of Commerce & Industry, Deptt. of Commerce, Office of theDevelopment Commissioner NOIDA SPECIAL ECONOMIC ZONE Noida Dadri Road, Phase-II, NOIDA-201305, Distt. Gautam Budh Nagar (UP)

regarding taking over the obligation in EOU. Accordingly, as per available documents project was approved by UAC on 04.07.2012 and LOP for conversion of DTA into EOU was issued on 06.07.2012.

4 Subsequently the unit vide letter dated 22.08.2014 informed about imports of capital goods under EPCG authorization No. 0530158663 dated 28.06.2012 and value of EPCG Rs.5,48,08,129/ and requested for conversion of EPCG scheme into EOU to submerge export obligation under para 6.36 of Handbook of Procedures. Since the unit had not intimated the fact of EPCG license before UAC meeting held in connection with issuance of LOP, Unit was issued Show Cause Notice vide this office letter dated 28.11.2014 for suppression of facts of EPCG License before UAC. Further, after hearing, DC. vide Order-In-original dated 13.01.2015 had imposed a penalty of Rs. 2.00 lakh and the unit was advised to pay duty forgone along with the interest on account of import of machinery under EPCG scheme to Customs authorities.

5, It was informed that the unit then filed an appeal in the O/o DGFT against the Order-In-original dated 13.01.2015 of the Development Commissioner, NSEZ, Noida 1 and the Appellate Authority DGFT vide their Order in Appeal No. O192/171/103/AM16/PC-VI/L 1S dated 07.09.2018 had passed the following order:

.01.2015 of the Development Commissioner, NSEZ, Noida 1 and the Appellate Authority DGFT vide their Order in Appeal No. O192/171/103/AM16/PC-VI/L 1S dated 07.09.2018 had passed the following order:

“Order-in-Original No. 31/01/2014 2-100%EOU/467 dated 13.01.2015 passed by the Development Commissioner, Noida SEZ is set aside and the case remanded back to the DC for de novo consideration of the firm’s request based on the submission faa stitra. ee Bq steht sit sec fefties, age aa, Taree aoe aR, elevecta yet, ay ARecit-110001. PaGRASattheWT aererters:Cotte:C ‘Users Sunil0120-2567270;611-23701096;DocumentsiRevised 3021444aware:UAC meetingG veae,held /onHATer13 02wes 190120-2662514yyy (19,02be:[91 docx<de@nsez,0120-2567276gov in> Page 3 of 25 - |

ANT GST, faora aged a Brats atest fasre anfite era aust aret Ye, GS-I, AWeS-201305, fren wets qe wR Government of India, Min. of Commerce & Industry, Deptt. of Commerce, Office of theDevelopment Commissioner NOIDA SPECIAL ECONOMIC ZONE Noida Dadri Road, Phase-I], NOIDA-201305, Distt. Gautam Budh Nagar (UP)

made and to be made by appellant taking all the provisions of the scheme into consideration keeping, in view the fact that the appellant only informed about the procedural irregularities and the fact that there was no intention to defraud the government. The appellant may submit the relevant submissions, if any. it intends to the DC in this regard within 30 days from the date of issue of the order. However, the penalty imposed by the DC as per the order is upheld.”

submit the relevant submissions, if any. it intends to the DC in this regard within 30 days from the date of issue of the order. However, the penalty imposed by the DC as per the order is upheld.”

  1. As per appellate authority order unit was asked to deposit penalty amount. Unit has deposited the penalty amount vide their letter dated 18.01.2019. Further, unit has submitted representation dated 03.12.2018 for de-novo consideration by DC, NSEZ as per order of appellate authority as follows:

  2. In its detailed reply dated 03.12.2018, unit has stated that they had applied for LOP in April 2012. Since the unit was not issued LOP after expiry of almost 2 month of application, the unit got clearance of Capital Goods worth Rs. 8.59 crore arrived at Port and the unit had cleared the said consignment after payment of applicable custom duty amounting to Rs.23,81,675/-. As again some machinery of value Rs. 5.56 crore arrived at customs port the unit decided to avail EPCG benefit. After that on the basis of meeting of UAC held on 04.07.2012, unit was issued LOP. Thus there is only procedural violation and not any intention of the unit for misleading the UAC. The unit applied on 22.08.2014 before Development Commissioner, NSEZ, Noida for conversion of EPCG export obligation into EOU scheme.

ation and not any intention of the unit for misleading the UAC. The unit applied on 22.08.2014 before Development Commissioner, NSEZ, Noida for conversion of EPCG export obligation into EOU scheme.

  1. Shri R.K Sharma, authorized Legal representative, Ms. Lee, Director and Shri Vivek Misra, Manager, M/s D & Y Technologies Private Limited appeared before BA stitna: Se BET Atay atte eeu Paiees, aad ae, anee ao HAM, Mtctecta ATH, 4E PReefl-110001. GRATa VT Hae: 0120-2567270, 3021444 Has, / BAT 0120-2562314 0120-2567278 far) sift SoH 011-23701096; awene: ye weer vin in) | it: de@nsez.gov.in Page 4 of 25 \a ai Venn | aes~

ARNT UPI, faara aged a arate | atest fase anfiia ea args arett We, BU-IE, Atest-201305, fore waa ge AR Government ofIndia, Min. of Commerce & Industry, Deptt. of Commerce, Office of the Development Commissioner NOIDA SPECIAL ECONOMIC ZONE Noida Dadri Road, Phase-Il, NOIDA-201305, Distt. Gautam Budh Nagar (UP)

the Approval Committee and explained the facts. They stated that the unit had applied for conversion of DTA into 100% EOU in April’2012. Since there was a delay in grant of EOU permission and as their import consignment of capital goods machines had arrived at Indian port, the unit got the clearance of capital goods machines on payment of applicable Customs duty. They further informed that second lot of machines arrived in the last week of June’12 but since the LOP was not issued till that date, the unit Management decided to opt for EPCG to get the clearance from Customs port.

ed that second lot of machines arrived in the last week of June’12 but since the LOP was not issued till that date, the unit Management decided to opt for EPCG to get the clearance from Customs port. The unit had also submitted that it had no intention of suppressing the information and that the person who was handling EOU work suddenly left the company without proper briefing and handing over the charge. However, once the matter came to their knowledge, they took immediate steps to get it regularized.

8.1 Further, they stated that the unit has made exports as deemed exports as per para 6.9(c) of HBP to M/s Elantec India Pvt. Ltd. which is a 100%EOU, who supplies the goods to M/s Samsung. They further informed that M/s Elantec India Pvt. Ltd. is an STPI unit situated in Greater Noida.

  1. The Committee observed that the unit had applied for conversion of DTA into 100% EOU in April’2012. The Committee further observed that at the time of submitting application for conversion of DTA into 100% EOU in April’2012, the value of imported capital goods in the application was mentioned USD 857.00 thousand (Rs.429.00 lakh RS, Stns:Re PRET athe atte efosar fafees, agd ae, weet BMT wan, eereta art, ag Reft-110001. Gey Gta aratera: 0120-2567270; 3021444 48, / WRT 0120-2562314, 0120-2587276 Fal sitftra sefthea. 011-23701096; aene ergs ay} $3: <de@nsez gov_in> f Page 50f 25 | | ~ 2 { daw

ta art, ag Reft-110001. Gey Gta aratera: 0120-2567270; 3021444 48, / WRT 0120-2562314, 0120-2587276 Fal sitftra sefthea. 011-23701096; aene ergs ay} $3: <de@nsez gov_in> f Page 50f 25 | | ~ 2 { daw

ART UAT, frmrea aryad HT Hraters atvst fara anfite aa atest cra Ws, Ba-ll, Aest-201305, fore es ge TAK Government of India, Min. of Commerce & Industry, Deptt. of Commerce, Office of the Development Commissioner NOIDA SPECIAL ECONOMIC ZONE ____Noida Dadri Road, Phase-!], NOIDA-201305, Distt. Gautam Budh Nagar(UP) |

approx.). Accordingly the LOP was issued with approved value of imported capital goods of Rs.429.00 lakhs only against which unit had imported capital goods worth Rs. 1880.23 lakh till date. Out of that the unit had imported capital goods worth Rs.1567.12 lakh (Rs.1413.48 lakh in APR 2012-13 and Rs.153.64 lakh in APR for 2013-14) before applying vide letter dated 22.08.2014 for conversion of said EPCG licenses into EOU to submerge export obligation. Thus in the application made for conversion of DTA into 100%EOU, value of capital goods projected for five years was much less than the total value of capital goods actually imported under EPCG license as well as after obtaining LOP for EOU. Further, it was observed that the unit did not inform these facts to the UAC held on 04.07.2012. They have brought it to the notice of this office only on 22.08.2014, whereas import of capital goods worth Rs.1415.00 lakh (Rs.859.00 lakh duty paid capital goods + Rs.556.00 lakh capital goods procured on EPCG authorization) had already been effected under EPCG in 2012 itself.

port of capital goods worth Rs.1415.00 lakh (Rs.859.00 lakh duty paid capital goods + Rs.556.00 lakh capital goods procured on EPCG authorization) had already been effected under EPCG in 2012 itself. Hence the contention of the unit that it was done inadvertently cannot be accepted. The Committee observed that based on projection of capital goods worth Rs.429.00 lakh only for five years, the import of capital goods worth Rs.556.00 lakh against EPCG License and total import of Rs.1800.23 lakh is not justified and it also doesn’t support the contention of the representative of the unit that they had intended for conversion of DTA unit into 1!00%EOU unit and that they had no intention to import under EPCG scheme. It is also not correct to say that they had to import under EPCG only when issuance of LOP for setting up of 100%EOU got delayed.

fa cifha: Be dfn seta amp ahem fafees, aqd aa, oa ano was, eee Art, ag fecei-110001. @RaTa GA wretiera 0120-2567270, 3021444 as, / HRA 0120-2562314 0120-2567276 RA Shits Soha: 011-23701096, Ame: ws yocy yen iy y Ste: <de@nsezgov. in> CLs iunihecumentaPageAurvieid UAC 6mupetinag of 25bet) on 1 0) Og\ FM 07,"a1 ide, [pal \ ' Vw

'

ART UA, frere aged ar arate Aire fers anit ay AST See WS, HH, AtyS1-201305, ret haa qe FR Government of India, Min. of Commerce & Industry, Deptt. of Commerce. Office of the Development Commissioner Noida NOIDA SPECIAL ECONOMIC ZONI Dadri Road, Phase-Il, NOIDA-201305. Distt Gautam Budh Nagar (UP) _

f India, Min. of Commerce & Industry, Deptt. of Commerce. Office of the Development Commissioner Noida NOIDA SPECIAL ECONOMIC ZONI Dadri Road, Phase-Il, NOIDA-201305. Distt Gautam Budh Nagar (UP) _

  1. Hence the Approval Committee decided that it is not possible for the Committee to consider this application of subsuming EPCG License into the EOU retrospectively after seven years. Accordingly, the Approval Committee rejected the request of the unit.

  2. The Approval Committee further directed the unit to submit copy of LOP of M/s Elantac India Pvt Ltd and also details of actual exports made as deemed exports to M/s Elantac India Pvt. Ltd., an STPI unit so that NFE calculation can be done. The committee also directed that the same may be get verified from DC, STPI. Further since the unit has informed that there is no segregation of capital goods between EPCG scheme or EOU scheme, the Committee also directed the unit to submit revised APRs with exclusion of capital goods procured under EPCG scheme.

t there is no segregation of capital goods between EPCG scheme or EOU scheme, the Committee also directed the unit to submit revised APRs with exclusion of capital goods procured under EPCG scheme.

1.03 (2019) e4teft-17 F ‘Jewellery with Watch’ seareq we Pata 3 fore Fat ae aise & fore year. It was informed to the Approval Committee that the proposal of M/s Vaibhav Global Limited is for broad banding under para 6.34 (5) of HBP by inclusion of additional item viz. Silver/ Gold/ Platinum / Base Metal Plain/ Studded with Precious, Semi Precious, Synthetic Stone and Diamond with Watch in their LOP. It was informed that M/s Vaibhav Global Limited is 100% EOU for manufacturer and exporter of Colored Gem Stone (precious & semi-precious Stones and Synthetic Stones & Pearls, (2) Studded

Fed safe. Re BRa ateterr ottp efeear fates, agd am, Feet ona Hea, Aaa anh ae Sec ii0001. - Bere GT wHraeTa: 0120-2567270, 3021444 Bas, / WAI 0120-2562314 0420-2567276 Rad sri ceria: 01 1-2370 1096; teenge: www. nsez gov in : £4 ded? nse gov. C Aner SieulDocumeRevised UAC meting belt oo 1302 i clted | vides Page 7 of 25 ~ Jas . \VAan— —

0120-2562314 0420-2567276 Rad sri ceria: 01 1-2370 1096; teenge: www. nsez gov in : £4 ded? nse gov. C Aner SieulDocumeRevised UAC meting belt oo 1302 i clted | vides Page 7 of 25 ~ Jas . \VAan— —

ART UR, famrea ayaa oT brates aiver fare ania ea aes erat ts, GS-IL, Aest-201305, fren Wes GE AMR Government of India, Min. of Commerce & Industry, Deptt. of Commerce, Office of the Development Commissioner NOIDA SPECIAL ECONOMIC ZONE _ Noida Dadri Road, Phase-l!, NOIDA-201305, Distt. Gautam Budh Nagar (LP) : Gold/Silver/Platinum Jewellery, (3) Plain Jewellery (Gold/silver/ platinum), (4) Gold/Silver/Platinum Mounting and Finding, (5) Cut & Polished Diamonds, (6) Unutilized Rough (Raw) of Colored Stone (Precious and Semi precious), (7) Articles of Precious semi-precious stones, (8) Copper/ Bronze/ Brass/ German Silver/ Gillette/ Stainless Steel Jewellery Plain & studded, and (9) Reimport ofjewellery for repair.

  1. It was informed that unit’s proposal is for manufacturing & export of Silver/ Gold/ Platinum / Base Metal Plain/ Studded with Precious, Semi Precious, Synthetic Stone and Diamond with Watch. Unit has also submitted copies of images of such Watches. It was informed to the Committee that M/s Vaibhav Global Limited, an SEZ unit in Jaipur Special Economic Zone, had submitted a similar proposal for inclusion of Watch Gadget Jewellery in their LOA and the same was approved by the Approval Committee in its meeting held on 20.07.2018 at Jaipur.

l Economic Zone, had submitted a similar proposal for inclusion of Watch Gadget Jewellery in their LOA and the same was approved by the Approval Committee in its meeting held on 20.07.2018 at Jaipur. However, Specified Officer, Jaipur SEZ vide letter dated 08.08.2018 had raised the issue stating that ‘Gadget Jewellery’ and ‘Watch Jewellery’ does not fall under any of the sub-headings of Chapter 71 of the Customs Tariff Act, 1975 and could not be called a piece of Jewellery. Watches and Gadgets falls under their respective chapter headings but undoubtedly not under Chapter 71.

  1. It was informed that subsequently, M/s Vaibhav Global Limited (SEZ Unit) vide letter dated 04.09.2018 had requested for deletion of Watch/ Gadget Jewellery which was approved by Approval Committee in its meeting held on 20.07.2018. oe fa ore: Sz 2a ae one geen tes, age ae, waret ame wa, cterecta ar, aE PFeei-110001. BRary A Hrafera: 0120-2567270, 3021444 H46, / PAT 0120-2562314 0120-2567276 RA ata sete 011-23701096; Wage: ow s ez.coy CiUsers[Sua] Dinu BertaLAM mecome bebo LEO[1S] i eteeh doy<de@insez.gov,in> Page 8 of 25 Mee | bey

7270, 3021444 H46, / PAT 0120-2562314 0120-2567276 RA ata sete 011-23701096; Wage: ow s ez.coy CiUsers[Sua] Dinu BertaLAM mecome bebo LEO[1S] i eteeh doy<de@insez.gov,in> Page 8 of 25 Mee | bey

VIRT UAT, fenre sngad Ht Brats aver fasta anfifa era aigst atett ws, Sa-Il, Avet-201305, fren as ge IR Goverment of[India,][Min.][of][ Commerce][ &][Industry,][Deptt.] of Commerce, Office of the Development Commissioner NOIDA SPECIAL ECONOMIC ZONE Noida Dadri Road, Phase-Il, NOIDA-201305, Distt. Gautam Budh Nagar(UP) — 4. Shri Prabhash Kumar Jha, Assistant General Manager, Sh. Sachidanand Sharma, Dy. Manager and Sh. Narendra Kumar, Assistant Manager of M/s Vaibhav Global Limited appeared before the Committee and explained the proposal. They informed that they are engaged in manufacture and export of jewellery made out of precious and semiprecious stones, plain and studded gold, silver platinum jewellery and now they want to manufacture and export Silver/ Gold/ Platinum / Base Metal Plain/ Studded with Precious, Semi Precious, Synthetic Stone and Diamond with Watch. They informed that around 200 people are employed in their EOU and their exports during 2018-19 is about Rs. 225.00 crore . They further informed that have export orders worth Rs.4 toScrore for in hand for supply of this proposed item which will increase manifold in future.

rts during 2018-19 is about Rs. 225.00 crore . They further informed that have export orders worth Rs.4 toScrore for in hand for supply of this proposed item which will increase manifold in future.

  1. The Committee deliberated the project and observed that item may not come under ‘jewellery’ under sub-headings of Chapter 71 of the Customs Tariff Act, 1975 as based upon its usage, the item is ‘watch’ and should be covered under sub-headings of Chapter 9101 of the Customs Tariff Act, 1975. Heading 9101 covers only watches with case wholly of precious metal or of metal clad with precious metal, or of the same materials combined with natural or cultured pearls, or precious or semi-precious stones (natural, synthetic or reconstructed) of headings 7101 to 7104. Watches with case of base metal inlaid with precious metal fall in heading 9102. Thus the Committee observed that ideally the items proposed to be included in the LOA should be classified under Chapter 91 of ITC (HS) Classification.
  • fad onfee: Qe 2q shes ate ePem Pies, aged aa, warec are wan, etereeta art, 4g Perwit-10001. eM A eae: oz0-28e7Z70, soztaed Hae, “TART 0120-2562314, 0120-2667278 fae afdre Sanaa 01 1-23701006; terse egy ooin 7 Ste <dlefinsed. pow. iin CAUsery SunifDocumentssRevised UAC meyting byld vn 13 02 19 (19.07.19) doc Page 9 of 25 | Nywto 3

_

-2562314, 0120-2667278 fae afdre Sanaa 01 1-23701006; terse egy ooin 7 Ste <dlefinsed. pow. iin CAUsery SunifDocumentssRevised UAC meyting byld vn 13 02 19 (19.07.19) doc Page 9 of 25 | Nywto 3

_

ART BAR, fara srgad a orators atest fasts anfiie es Ast arett ts, Ba-l, Atest-201305, ferent eH GE AR Government ofIndia, Min. of Commerce & Industry, Deptt. of Commerce, Office of the Development Commissioner NOIDA SPECIAL ECONOMIC ZONE Noida Dadri Road, Phase-I], NOIDA-201305, Distt. Gautam Budh Nagar (UP)

  1. Accordingly, the Approval Committee, after deliberations, approved the proposal of the unit for manufacture and export of Silver/ Gold/ Platinum / Base Metal Plain/ Studded with Precious, Semi Precious, Synthetic Stone and Diamond with Watch. However, the Committee advised the unit to consult local Customs Commisoinerate regarding the tariff head before doing exports.

1.04 (2019) isfhra are & Heat F agra atx aqurfaa feast yer car F seared TAT fafa we aaa-va # afaften sal ar ita act & fea qfeacr Ho mgd wala Sear wrede fares, 100% frata waa. It was informed to the Approval Committee that M/s Island Stone India (Private) Limited has been issued LOP No. 12-337/2005-100%EOU/224 dated 09.01.2006 for manufacture and export of Natural Stone Tiles and Sand Stone Tiles.

oval Committee that M/s Island Stone India (Private) Limited has been issued LOP No. 12-337/2005-100%EOU/224 dated 09.01.2006 for manufacture and export of Natural Stone Tiles and Sand Stone Tiles.

  1. It was informed that vide letter dated 31.12.2018 and subsequent email dated 02.02.2019 unit had submitted a request for inclusion of value of capital goods and revision of projections and also inclusion of new items in the Annexure of LUT. In this connection, the Committee was informed that at the time of extension of validity of LOP of the unit in April’2016, the value of imported capital goods was NIL.

. s

  1. It was also informed that vide letter dated 31.12.2018, unit had submitted that they

want to import capital goods but since they have NIL approved value for import of capita!

goods and the projection may be revised as they have to import machinery. Hence the unit Fad shia: @z 284 atiite ote gear fates, age aa, aaret oma Far, aterecta art, AE Recht-110001. GRUTS WA wratea: 0120-2567270; 3021444 #45, HART 0120-2662314 0120-2567276 fadl aifa saith 01 1-23701096; awrge: os tisei Ba <de@insez gov.in> CUlsereSuu ecemmerety Fureised UAC meets: eli 09 97 LLG 9} docs Page 10 of25Lab

AA BRST,

fare aryed wr wrateta Aiest faere anita ea

arst ara es, BH-IL, AIs-201305, ferent ahaa GE AK Government of[India,][Min.][of][ Commerce] &[Industry,][Deptt.][of][ Commerce,] Office of the Development Commissioner NOIDA SPECIAL ECONOMIC ZONE Noida Dadri Road, Phase-ll, NOIDA-201305, Distt. Gautam Budh Nagar (UP) 3

in.][of][ Commerce] &[Industry,][Deptt.][of][ Commerce,] Office of the Development Commissioner NOIDA SPECIAL ECONOMIC ZONE Noida Dadri Road, Phase-ll, NOIDA-201305, Distt. Gautam Budh Nagar (UP) 3

has requested to include the value of imported capital goods to the tune of Rs.38.34 lakh.

The details of revised projections submitted by the unit are as under:-

(Rs.in lakh) (Rs.in lakh)
Description Approved<br>projection vide this Revised<br> for<br>first projections<br> two<br>years (Actual.<br>2016-17
office<br>letter<br>01.04.2016 dt pnd<br>2017-18<br>+<br>etails for 2018-19 projected<br> to 2020-
1.FOB value ofexports 1562.74 1454.53
Foreign exchange outgo on.
-[mport ofmachinery Nil 38,34
-Import ofraw material and components 297.66 128.20)
-Importofspares and consumables Nil Nil
-Commission on Export etc. Nil Nil
-Foreign Travel Nil Nil
Total: ee 297.66 166.55
NetforeignExchangeearnings 1265.08 1287.99)
  1. The Committee was informed that in terms of para 6.34 (3) of HBP, Development Commissioner can enhance the value of imported capital goods in case of fluctuation in the exchange rate of currency. In other cases, inclusion of value of imported capital goods will be considered by the Unit Approval Committee.

ue of imported capital goods in case of fluctuation in the exchange rate of currency. In other cases, inclusion of value of imported capital goods will be considered by the Unit Approval Committee.

  1. However, keeping in view the urgency shown by the unit, Development Commissioner has approved the proposal of the unit for import of machinery and has also approved the revised projections. 6. The proposal was placed before the Committee for ratification and after due deliberations, the Approval Committee ratified the same. fad onthe: Bz 284 atihter sits esa fetes, age aa, Taree sree wa, eleva art, ag fReeit-110001. SRY GI apratera: 0120-2567270, 3021444 Vas, / HRA 0120-2562314 0120-2567276 FHA sire SoA 11 1-23701096; Fame: pseywow eon in; HAs: de@nsez.gov.in C UsersSunil-Documenis:Revised VAC meeting held on 13 02 19.119 02 (9) doca Page 11 of 25 | ~

|

WRT UH, afr, va set aarea, aftree feart faares argad a areata Aivst fasts anfiie aa Ast gah ws, Be-ll, Aest-201305, fret TTA Ga AIK Government of[India,][Min.][of][ Commerce][ &][Industry,][Deptt.][of][ Commerce,] Oftice of the Development Commissioner NOIDA SPECIAL ECONOMIC ZONE Noida Dadri Road, Phase-II], NOIDA-20!305, Distt. Gautam Budh Nagar (UP)

1.05(2019) $3iry A 2017-18 Hr atte Preqea Rate & arpa gferel MH aired facet Aart Hr eater 1.05 (1) M/s Parveen Industries: It was informed to the Approval Committee that unit is working since July’ 2008 and the LOP is valid upto 31.03.2023. The unit is having positive NFE but as per APR 2017-18 foreign exchange of Rs.543.13 lakhs is pending for realization.

ee that unit is working since July’ 2008 and the LOP is valid upto 31.03.2023. The unit is having positive NFE but as per APR 2017-18 foreign exchange of Rs.543.13 lakhs is pending for realization.

  1. Shri Anjani Kumar Misra, Manager appeared before the Committee and explained the status. He stated that they are manufacturer of Oil Field Equipment and about 250 people are presently working. He stated that the foreign exchange pending for realization pertains to export made to Venezuela and that they have got extension from AD Bank upto March’2019 for realization of same. It was advised by the Committee that if the pending foreign exchange is not realized upto March’2019, then unit may seek further extension from the concerned AD Bank and copy of the same may be provided to this office. In case the unit feels that the pending foreign exchange is not going to be realized, unit have option of self write off or write off by the concerned AD Bank. For the unrealized export proceeds unit has to pay applicable customs duties with interest in terms of para 2.54 (a) of FTP read with para 2.87 of HBP. The Committee also directed jurisdictional Customs to look into the matter and ascertain applicable customs duties with interest if unit decides to write off the foreign exchange pending for realization.

_ RRA Shika: @e Her atcha ote sPear fakes, age am, WHEL amet waa, eter ant, aE Pecft-110001. gene GA qreaters 0120-2567270, 3021444 Hae, / WRT 0120-2562314 0120-2567276 fal atrfira SchAT: 01 1-23701096;tame: wes peer vos ui; Ba: <de@insez,gov,in> Page 12 of 25 Ls, Ras al hos ae

cft-110001. gene GA qreaters 0120-2567270, 3021444 Hae, / WRT 0120-2562314 0120-2567276 fal atrfira SchAT: 01 1-23701096;tame: wes peer vos ui; Ba: <de@insez,gov,in> Page 12 of 25 Ls, Ras al hos ae

ART PSR,

foe arya aT aratcra divest faery anfites ea atest are se, HA-IL, AHest-201305, fore Teas gg TX Government ofIndia, Min. of Commerce & Industry, Deptt. of Commerce, Office of the Development Commissioner NOIDA SPECIAL ECONOMIC ZONE Noida Dadri Road, Phase-Il, NOIDA-201305, Distt. Gautam Budh Nagar (UP)

1.05 (2) M/s HGS India Limited:

It was informed to the Approval Committee that unit is working since March’2006 and the LOP is valid upto 08.03.2021. The unit is having positive NFE but as per APR 2017-18 foreign exchange of Rs.253.69 lakhs is pending for realization.

  1. Shri Dhiraj Vashist Kaushal, Assistant Manager appeared before the Committee and explained the status. He stated that they are manufacturer of parts and accessories of Geo String Instruments using in Oil Fields. He stated that the foreign exchange pending for realization pertains to exports made to ONGC Vietnam and it has already been realized. He also submitted copies of Bank Certificate dated 11.02.2019 before the Committee. The Committee directed Shri Kaushal to ascertain whether the pending foreign exchange has been realized within nine months of exports or not and if the pending foreign exchange has been realized beyond nine months then extension from AD Bank/ RBI, as the case may be, obtained and submitted to this office within a period of one month for information and records.

1.05 (3) M/s Wipro Limited:

It was informed to the Approval Committee that unit is working since April’2010 and the LOP is valid upto 30.09.2020. The unit is having positive NFE but as per APR 2017-18 foreign exchange of Rs.208.07 lakhs is pending for realization.

eeTg GA Hreters 0120-2567270 3021444 Wi4e, / BAA 0120-2562314 0120-2567276 PRAY siftha Sethe: 011-23701096; aware: peesvs eos in, $A: de@insez.gow.in (Aber Suni Desparery Buren LAC ectingbe ldon 02 ODis des Page 13 of 25 | ~ { | ee Fa

Li Vint

FART UCP, fare aged ol pratara diver fare anfite era Aicst sek tts, Sa-ll, Atyst-201305, ferent Was gE AAR Gavernment of[India,][Min.][of][ Commerce][ &][Industry,][Deptt.][of][ Commerce,] Office of the Development Commissioner NOIDA SPECIAL ECONOMIC ZONE ee Noida Dadri Road, Phase-II, NOIDA-201305, Distt. Gautam Budh Nagar (UP)

  1. It was also informed that out of Rs.208.07 pending for realization, Rs.201.87 lakh have been realized and only Rs.6.298 lakh is pending for realization. Shri Raj Kumar Singh, Manager appeared before the Committee and explained the status. He stated that they are regularly following up with their foreign buyer for realization of pending amount. The Committee directed Shri Singh to ascertain whether Rs.201.87 lakh which have been realized within nine months of exports or not and if the pending foreign exchange has been realized beyond nine months then extension from AD Bank/ RBI, as the case may be, obtained and submitted to this office within a period of one month.

ot and if the pending foreign exchange has been realized beyond nine months then extension from AD Bank/ RBI, as the case may be, obtained and submitted to this office within a period of one month.

3 It was advised by the Committee that it may also be ensured that Rs.6.298 lakh which is still pending for realization is realized within nine months of exports and if the same is not realized within nine months of exports, then unit may seek extension from the concerned AD Bank and copy of the same may be provided to this office for information and records.

1.05 (4) M/s Glassco Laboratories Equipments Pvt. Ltd.:

It was informed to the Approval Committee that unit is working since August’2001 and the LOP is valid upto 31.03.2022. The unit is having positive NFE but as per APR 2017-18 foreign exchange of Rs.22.16 lakhs is pending for realization.

fA anton. Gz Ben ait city chem Phos, aqd aa, saree aaoe waa, eleva art, -e faee-110001. GRU WTA HTT. 0120-2567270, 3021444 W148, / HAA 0120-2562314 0120-2567276 Rad sift SPARS: 61 1-23701006; ame: wa sez toy inj fer: <de@insez.gov in> Co Usery Sunil Documents Revised LAC meeting held on 13 02 1911902 19) dors Page 14 of 25 > . Kew SO \p-*

FINA AXA, frpre aged GT erate atest fags anfife aa Ast cee ts, Sa-ll, Ayst-201305, ferent meas GE aR Government of India, Min, of Commerce & Industry, Deptt. of Commerce, Office of the Development Commissioner NOIDA SPECIAL ECONOMIC ZONE ____Noida Dadri Road, Phase-Il, NOIDA-201305, Distt. Gautam Budh Nagar (UP) a

  1. Shri Rajesh Sharma, Manager and Shri Puneet Jain, C.A appeared before the Committee and explained the status. They stated that the foreign exchange pending for realization pertains to three parties addresses of whom are now not traceable.

et Jain, C.A appeared before the Committee and explained the status. They stated that the foreign exchange pending for realization pertains to three parties addresses of whom are now not traceable.

  1. It was advised by the Committee that if the pending foreign exchange is not realized within nine months of exports, then unit may seek extension from the concerned AD Bank and copy of the same may be provided to this office within a period of one month. In case the unit feels that the pending foreign exchange is not going to be realized, unit have an option of self write off or write off by the concerned AD Bank. For the unrealized export proceeds unit has to pay applicable customs duties with interest in terms of para 2.54 (a) of FTP read with para 2.87 of HBP. The Committee also directed jurisdictional Customs to look into the matter and ascertain applicable customs duties with interest if unit decides to write off the foreign exchange pending for realization.

1.05 (5) M/s VVDN Technologies Pvt. Ltd.:

It was informed to the Approval Committee that unit is working since June’2015and the LOP is valid upto 04.11.2020. The unit is having positive NFE but as per APR 2017-18 foreign exchange of Rs.4.87 lakhs is pending for realization.

FR Siftme: @z 24 arate ats ePear fares, age 9a, Haret at Aa, areata art, ag feefi-110001[-] SRM GIT wafers: 0120-2567270, 3021444 tha, / PART 0120-2562314 0120-2567276 Pa shite Fees 011-23701096; awage: wo tines cosy 5 fe <de@nsez gov in> C_ Lisgrs:Sunil-DocumentsKewssed UAC ingeting held on 15 02 19 (19 02 19) dogx Page So0f25 om Nuant wi |

ART ER, foarer aye Bl HaTTa age farrs anita aa Ast aes ts, Su-ll, ayst-201305, ferent watH Gq ATR Government of[India,][Min,][of][ Commerce] &[Industry,][Deptt.] of Commerce, Office of the Development Commissioner NOIDA SPECIAL ECONOMIC ZONE Noida Dadri Road, Phase-Il, NOIDA-201305, Distt. Gautam Budh Nagar (UP)

  1. It was also informed that unit had submitted revised APR showing Nil amount against cases of pending foreign exchange with remarks “Bad Debts Write Off”. However, unit later informed that the amount shall be realized shortly.

  2. Shri Shubham Saxena, Assistant Manager, Finance appeared before the Committee and explained the status. He informed that they will receive the pending foreign exchange mentioned in the APR 2017-18 in the next 30 days.

Assistant Manager, Finance appeared before the Committee and explained the status. He informed that they will receive the pending foreign exchange mentioned in the APR 2017-18 in the next 30 days.

4, It was advised by the Committee that it may also be ensured that Rs.4.87 lakhs which is still pending for realization is realized within nine months of exports and if the same is not realized within nine months of exports, then unit may seek extension from the concerned AD Bank and copy of the same may be provided to this office by 31.03.2019.

1.05 (6) and 1.05(7)

M/s Moser Baer India Ltd. (Greater Noida) and M/s Moser Baer India Ltd. (Noida):

It was informed to the Approval Committee that the unit is in National Company Law Tribunal. The pending foreign exchange in respect of Greater Noida unit is Rs.2964.00 lakh whereas in case of Noida unit Rs.947.42 lakh is pending for realization.

2, Ms. Renu Tyagi, Authorised Signatory appeared before the Committee and explained the status. She informed that the unit is in National Company Law Tribunal and Official Liquidator has already been appointed and therefore everything is now in the ss aha: Re BPE aR ait shear Patties, age aa, watet aiare aaa, eteecty Art, Ay faewil-110001. BRAG GTA aaTeAU: 0120-2567270. 3021444 G46, / WAN 0120-2562314 0120-2567276 feet Sif Seas: 01 1-23701096; dwergs: weve nsey yor in : Ha: <de@nsez,gov,in> (Csr SunihDecumenbiRetiied AC meng bok on Cb d3 19.19.08, 91 dor Page 16 of 25 |an

a Vln

AN 0120-2562314 0120-2567276 feet Sif Seas: 01 1-23701096; dwergs: weve nsey yor in : Ha: <de@nsez,gov,in> (Csr SunihDecumenbiRetiied AC meng bok on Cb d3 19.19.08, 91 dor Page 16 of 25 |an

a Vln

ART BOR, fonrea Aya Sr prarera Aivst festa anfste aa Ags! cree Ws, BE-IL ATest-201305, fren was ge ATR Government of[India,][Min.][of][ Commerce][ &][Industry,][Deptt.][of][ Commerce,] Office of the Development Commissioner NOIDA SPECIAL ECONOMIC ZONE Noida Dadri Road, Phase-Il,NOIDA-201305, Distt. Gautam Budh Nagar (UP)

hands of Liquidator as the company is no more in business. She also submitted a copy of National Company Law Tribunal Order in this regard.

  1. The Approval Committee directed Ms. Renu to inform the name and contact number of Official Liquidator immediately to this office. The Approval Committee also directed that NFE status of the unit be got checked and if found negative, SCN should be issued. Status of foreign exchange pending for realization should also be ascertained so that it can be informed to the Official Liquidator. The Committee also directed jurisdictional Customs to look into the matter and check the status of the unit immediately and also inform this office so that further necessary action can be initiated.

1.05 (8) M/s Megma Print-O-Pack. Ltd.:

¥ It was informed to the Approval Committee that unit is working since February’2008 and the LOP is valid upto April’2023. The unit is having positive NFE but as per APR 2017-18 foreign exchange of Rs.1.04 lakhs is pending for realization.

  1. Shri Shivendra Singh, Manager appeared before the Committee and explained the status. He informed that they will write-off the pending foreign exchange. The Committee advised him to write off the pending foreign exchange within a period of 15 days and also pay applicable customs duties with interest in terms of para 2.54 (a) of FTP read with para 2.87 of HBP for the unrealized export proceeds and also inform to this office.

feat afte: Re eq stake ait ahem faftes, age aa, HaeT BATE way, ceretta unt, ag feeei-110001. FaGRandaifdreGPT PETA:Sofas:0120-2567270;01 1-23701096; 3021444daergz: weH 46, /BHATyes wos0120-2562314ay; Eta: <de@nsez0120-2567276 gov in> C: Users Suni Pie ymgnts Revised UAC meting lreld on 15 02 19 (19 002 19} duen Page 17 of 25 Ne [| \

|

ART Ga,

florea Hee oT Hates ater fasty anfee ea Ast erat Yrs, HA-IL, AVSt-201305, fet WITH GE AIR Government of India, Min. of Commerce & Industry, Deptt. of Commerce, Office of the Development Commissioner NOIDA SPECIAL ECONOMIC ZONE Noida Dadri Road, Phase-11, NOIDA-201305, Distt. Gautam Budh Nagar (UP)

  1. The Committee also directed jurisdictional Customs to look into the matter and ascertain applicable customs duties with interest if unit decides to write off the foreign exchange pending for realization.

.

1.05 (9) M/s United Natural Stones:

It was informed to the Approval Committee that unit is working since July’99 and the LOP is valid upto 31.03.2019. The unit is having positive NFE but as per APR 201718 foreign exchange of Rs.886,52 lakhs is pending for realization.

  1. It was also informed the last block of LOP was upto 31.03.2018 and after that the LOP was extended in piecemeal due to pending SCN on an old outstanding foreign exchange and fresh foreign exchange pending for realization.

  2. Shri Manish Kumar, authorized representative appeared before the Committee and explained the status. He informed that they will realize the amount by 31.03.2019 and they have already applied for extension of time to AD Bank / RBI but reply from AD Bank is awaited. 4. The Committee has stated that in any case, 09 months have already been lapsed and submit copy of extension from RBI or AD Bank as the case may be, at the earliest and granted one month time for extension / permission of RBI/ AD Bank and stated that this is huge amount and should be monitored.

feat otfha: Qe Sr ation ots she Pees, age aa, waret aOR vam, Steele art, ad Peeft-110001, BRAN GIA Haters: 0120-2567270, 3021444 H46, / HAT 0120-2562314 0120-2567276 Fact Sirf Sees: 011-23701096; Awe: wi ee win js fe: <de@nsez gov.in> Coleen bani erumnta: Aurvieed LOAC meetitel Beeld gy 13 0G 8 CPS Io dors, | i Page 18 of 25 is | ja * Vani”

.

314 0120-2567276 Fact Sirf Sees: 011-23701096; Awe: wi ee win js fe: <de@nsez gov.in> Coleen bani erumnta: Aurvieed LOAC meetitel Beeld gy 13 0G 8 CPS Io dors, | i Page 18 of 25 is | ja * Vani”

.

HINT YINPTS, fama aged HT wratera atyst fasrs anfite era aiver arett ts, Ga-ll, Atyst-201305, fore Way gE aK Government of[India,][Min.][of][ Commerce][&][Industry,][Deptt.] of Commerce, Office of the Development Commissioner NOIDA SPECIAL ECONOMIC ZONE Noida Dadri Road, Phase-If, NOIDA-201305, Distt, Gautam Budh Nagar (UP) ——

  1. Further, the Committee observed that the unit’s representative is not fully conversant of the matter and no senior person is present to explain the matter. The Committee took strong note of this and directed that a letter be written to all the directors to ensure that such incidence should not be repeated in future and senior person should attend the meeting .The Committee also directed the unit to furnish current status of pending foreign exchange. The Committee also directed the unit to furnish copy of extension letter which they have applied to AD Bank / RBI seeking extension of time within a period of one month.

f pending foreign exchange. The Committee also directed the unit to furnish copy of extension letter which they have applied to AD Bank / RBI seeking extension of time within a period of one month.

  1. It was advised by the Committee that if in case the unit feels that the pending foreign exchange is not going to be realized, unit have an option of self write off or write off by the concerned AD Bank. For the unrealized export proceeds unit has to pay applicable customs duties with interest in terms of para 2.54 (a) of FTP read with para 2.87 of HBP. The Committee also directed jurisdictional Customs to look into the matter and ascertain applicable customs duties with interest if unit decides to write off the foreign exchange pending for realization.

1.05(10) M/s Continental Engines Pvt. Ltd.:

It was informed to the Approval Committeethat unit is working since September’ 2001 and the LOP is valid upto 31.03.2022. The unit is having positive NFE but as per

APR 2017-18 foreign exchange of Rs.818.59 lakh is pending for realization.

fed ctf: Be Pq atten ate steam fares, qd aa, weet ara waa, etree Arh, Ag Pecil-120001. Gee GTA grates: 0120-2567270 s02t44a 46, / WRT 0120-2562314 0120-2567276 Fereh otf Setter: O11-23701096; FamMz: us i; 2a: de@nsez.gov.in Page 19 of 25 In Lane

UNA GST,

.

fran aigad a aratca ates: faery anfite es Ast ated vs, Sa-(L Aest-201305, foren aT Ge AIK Government ofIndia, Min. of Commerce & Industry, Deptt. of Commerce, Office of the Development Commissioner NOIDA SPECIAL ECONOMIC ZONE Noida Dadri Road, Phase-!], NOIDA-201305, Distt. Gautam Budh Nagar (UP)

  1. Shri Mahendra Sharma, Deputy Manager appeared before the Committee and explained the status. He informed that most of the amount has been realized. Out of Rs.8.18 crore, they have realized Rs. 6.55 crores and Rs 1.63 crore is pending for realisation. He also submitted copies of relevant BRCs with shipping bills and informed that for the pending foreign exchange they are following up with the party.

  2. The Committee directed Shri Sharma to ascertain whether Rs. 6.55 crores which have been realized within nine months of exports or not and if it has been realized beyond nine months then extension from AD Bank/ RBI, as the case may be, obtained and submitted to this office within a period of one month.

ine months of exports or not and if it has been realized beyond nine months then extension from AD Bank/ RBI, as the case may be, obtained and submitted to this office within a period of one month.

“, It was advised by the Committee that if the remaining pending foreign exchange is not realized within nine months of exports, then unit may seek extension from the concerned AD Bank and copy of the same may be provided to this office within a period of one month. In case the unit feels that the pending foreign exchange is not going to be realized, unit have an option of self write off or write off by the concerned AD Bank. For the unrealized export proceeds unit has to pay applicable customs duties with interest in terms of para 2.54 (a) of FTP read with para 2.87 of HBP. The Committee also directed jurisdictional Customs to look into the matter and ascertain applicable customs duties with interest if unit decides to write off the foreign exchange pending for realization.

SXATy GA sratera. 0120-2567270 3021444 G46, / BRT 0120-2562314 0120-2567276 fet Siffre SATS: 011-23701096;aamee: we myer es tn; ote: <de@nsez yow.in> C lusers Suni Ceram Rei ied DLAC retinfehl pn 1S MED IMS Paha Page 20 of 25 | > \ aie Ww K.: andl

ART PBT, Rare aged ar arated aivet fara anf ea aver creel ts, Fa-ll, Aest-201305, ferent Wey g~_ aM Government of India, Min. of Commerce & Industry, Deptt. of Commerce, Office of theDevelopment Commissioner NOIDA SPECIAL ECONOMIC ZONE Noida Dadri Road, Phase-I1, NOIDA-201305, Distt. Gautam Budh Nagar (UP)

1.05 (11) M/s Inani Marbles & Granites:

It was informed to the Approval Committee that unit is working since March’2008 and the LOP is valid upto 16.03.2019. The unit is having positive NFE but as per APR 2017-18 foreign exchange of Rs.271.24 lakh is pending for realization.

  1. Shri Manish Chhajed, General Manager appeared before the Committee and explained the status. He informed that three invoices for Rs.271.24 lakh are pending and they have applied for write off to the bank.

  2. The Committee directed him to provide evidence of write off within a period of one month. It was also informed that for the unrealized export proceeds unit has to pay applicable customs duties with interest in terms of para 2.54 (a) of FTP read with para 2.87 of HBP. The Committee also directed jurisdictional Customs to look into the matter and ascertain applicable customs duties with interest if unit decides to write off the foreign exchange pending for realization.

1.05 (12) M/s Natural Slate & Sand Stone Exports )P) Ltd.:

It was informed to the Approval Committee that unit is working since August’2005 and the LOP is valid upto 06.10.2020. The unit is having positive NFE but as per APR 2017-18 foreign exchange of Rs.112.59 lakh is pending for realization.

qeare wi Gretera 0120-2567270; 3021444 Hae, / HAM 0120-2562314 0120-2567276

~ Page 21 of 25 Lowe

ARNT AXP, fara agri ot erates aiver fasts ante ea atest aett ts, GU-lL, Atest-201305, fret Whey FEZ ATR Government of[India,][Min.][of][Commerce][ &][Industry,][Deptt.] of Commerce, Office of the Development Commissioner NOIDA SPECIAL ECONOMIC ZONE Noida Dadri Road, Phase-II, NOIDA-201305, Distt. Gautam Budh Nagar (UP) (UP)

ee Noida Dadri Road, Phase-II, NOIDA-201305, Distt. Gautam Budh Nagar (UP) (UP) 2. Shri Vivek Goyanka, Genera! Manager appeared before the Committee and explained the status. He informed that they have realized most of the amount and as of now the foreign exchange pending for realization is Rs.94.00 lakh only for which they are following up with their customers and they will realize it by 31.03.2019.

  1. The Committee directed Shri Goyanka to ascertain whether the foreign exchange which have been realized has been realized within nine months of exports or not and if it has been realized beyond nine months then extension from AD Bank/ RBI, as the case may be, obtained and submitted to this office within a period of one month.

ine months of exports or not and if it has been realized beyond nine months then extension from AD Bank/ RBI, as the case may be, obtained and submitted to this office within a period of one month.

4, It was advised by the Committee that if the remaining pending foreign exchange 1s not realized within nine months of exports, then unit may seek extension from the concerned AD Bank and copy of the same may be provided to this office by 31.03.2019,

1.05 (13) M/s Florence Sand Stone Pvt. Ltd.:

It was informed to the Approval Committee that unit is working since August’2001 and the LOP is valid upto 31.032022. The unit is having positive NFE but as per APR 2017-18 foreign exchange of Rs.22.48 lakh is pending for realization.

  1. No representative of the unit was present in the meeting. It was informed that the unit has forwarded an e-mail expressing inability to attend the meeting.

i rt atime: @z Bier Seer ote: eftear ates, aga ae, AAT SG wa, aeeeta Het, az Fereit-110001. fadBRAGatfteaGTA HATTA:Sei AG:0120-2567270;01 1-23701096; 3021444aware: Hwow 46, sey.vow/ PAT 0120-2662314,in ; 2 <de@nsez.0120-2567276 gov.in> CsUsersiSuml\DocumentsRevised UAC ingeting heli ae [3.00 19 (L012. ie Page 22 of 25 j A[| | | Wa haw Ye

ART Re, fone sya wT raters atest faery onfite aa Avs cet Ts, He-ll, Aest-201305, fren ea Gq aN Government of India, Min. of Commerce & Industry, Deptt. of Commerce, Office of the Development Commissioner NOIDA SPECIAL ECONOMIC ZONE _ __Noida Dadri Road, Phase-Il, NOIDA-201305, Distt. Gautam Budh Nagar (UP)

:

, Min. of Commerce & Industry, Deptt. of Commerce, Office of the Development Commissioner NOIDA SPECIAL ECONOMIC ZONE _ __Noida Dadri Road, Phase-Il, NOIDA-201305, Distt. Gautam Budh Nagar (UP)

:

  1. The Committee directed that a letter be written to all the directors to ensure that such incidence should not be repeated in future and senior person should attend the meeting .The Committee also directed the unit to furnish current status of pending foreign exchange may be ascertained from the unit and the unit may be advised to seek extension from the concerned AD Bank/RBI, if the pending foreign exchange is not realized within nine months of exports and copy of the same may be provided to this office by 31.03.2019,

1.05 (14) M/s Shree Ram Granites:

It was informed to the Approval Committee that unit is working since July’2005 and the LOP is valid upto 25.01.2022. The unit is having positive NFE but as per APR 2017-18 foreign exchange of Rs.16.33 lakhs is pending for realization.

  1. Shri Imran, authorized representative appeared before the Committee and explained the status. He informed that that they have approached to their AD bank and they have been informed by the bank that as per the Banks guidelines, there is a special dispensation for realization of pending foreign ‘exchange upto 31.03.2019. Shri Imran stated that if they fail to realize the pending foreign exchange by 31.03.2019 they will write off the said amount of foreign exchange pending for realization.

oo feat shia: ee 287 HR ap sfesar fates,agel ae, aT STAR Was, eioeta ant, ad evi-110001. : GRHTG GA Braves: 0120-2567270, 3021444 H 46, / HRA 0120-2562314 0120-2567276 faA attra Sethas: 011-23701096; deame: wi quer ce iy; a: <de@nsezgov in> Page 23 of 25 | | dwoh— :

4

URNA AXA,

frara aged eT Hrafera aver fasts anfife aa Aver cet ts, BA-I], Atyst-201305, fore eA GE TAR Government of India, Min. of Commerce & Industry, Deptt. of Commerce, Office of the Development Commissioner NOIDA SPECIAL ECONOMIC ZONE Noida Dadri Road, Phase-II, NOIDA-201305, Distt. Gautam Budh Nagar (UP) —_

India, Min. of Commerce & Industry, Deptt. of Commerce, Office of the Development Commissioner NOIDA SPECIAL ECONOMIC ZONE Noida Dadri Road, Phase-II, NOIDA-201305, Distt. Gautam Budh Nagar (UP) —_

  1. It was advised by the Committee that if the pending foreign exchange is not realized within nine months of exports, then unit may seek extension from the concerned AD Bank and copy of the same may be provided to this office by 31.03.2019. In case the unit decides to write off, the evidence of write off may be provided by 31.03.2019. It was also informed that for the unrealized export proceeds unit has to pay applicable customs duties with interest in terms of para 2.54 (a) of FTP read with para 2.87 of HBP. The Committee also directed jurisdictional Customs to look into the matter and ascertain applicable customs duties with interest if unit decides to write off the foreign exchange pending for realization.

1.05 (15): M/s P.N. International:

It was informed to the Approval Committee that unit is working since July’2005 and the LOP is valid upto 25.01.2022. The unit is having positive NFE but as per APR 2017-18 foreign exchange of Rs.120.61 lakhs is pending for realization.

  1. Shri Rakesh Srivastava, Chief Head appeared before the Committee and explained the status. He informed that they have realized Rs.25.00 lakh and that for the balance pending foreign exchange they are following up with their customers and they will realize it by 31.03.2019.

A shtha: Be Seq Fait atte eee Pes, age am, waret amare waa, aereta and, ag Prvf-110001. GRAS GIT PMH: 0120-2567270, 3021444 G46, / PER 0120-2662314 0120-2567276 fadt atrftrar SehehaRa: 011-23701096; awrge: wy oser.uos uns bRa: de@nsez.gov.in CoUsers Sunil Dosyments Revised UAC meeung held on 13 O2 19 (19.02.19). doys Page 24 of 25 \ | cn

. .

.

.

ART SR, area va vert Aare, aftroy ferry faora srged aT raters atest faere anfite ea aArest ated ts, Sa-Il, Atest-201305, foren aay qq ATR Government of[India,][Min.][of][ Commerce] &[Industry,][Deptt.][of][ Commerce,] Office of the Development Commissioner NOIDA SPECIAL ECONOMIC ZONE Noida Dadri Road, Phase-I!], NOIDA-201305, Distt. Gautam Budh Nagar (UP)

Min.][of][ Commerce] &[Industry,][Deptt.][of][ Commerce,] Office of the Development Commissioner NOIDA SPECIAL ECONOMIC ZONE Noida Dadri Road, Phase-I!], NOIDA-201305, Distt. Gautam Budh Nagar (UP)

  1. The Committee directed Shri Srivastava to ascertain whether the foreign exchange which have been realized has been realized within nine months of exports or not and if it has been realized beyond nine months then extension from AD Bank/ RBI, as the case may be, obtained and submitted to this office within a period of one month.

  2. It was advised by the Committee that if the remaining pending foreign exchange is not realized within nine months of exports, then unit may seek extension from the concerned AD Bank and copy of the same may be provided to this office by 31.03.2019. FEAT ASlaa Bl MAIS ATT H ATA JH AHA EE. io? A eel (st. wfera fa. free) faarea aan

Red shtke: @e Fa aehera ott gear Rifts, apt aa, FAT AT AAA, eieveeta aM, ag feeeh-110001. Beare TT Hrafera: 0120-2667270, 3021444 Has, /PAT 0120-2562314 0120-2567276 Feet Sif Se: 011-23701096, Are: woweerwow uy; FAA: de@nsez.gov.in

Verbatim extracted text (OCR/PDF). Older scans and tables may show extraction artifacts — verify against the original for anything you act on.

Analysis

No analysis generated for this document yet (analysis runs over brief docs + on-demand). Run build_analysis.py --ids 4864 --apply.

Citation copied