IN FORCE SEZ / EOU / FTWZ 2025-01-29

Agenda of Approval Committee meeting to be held on 30.01.2025 -GIGAPLEX SEZ

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----- Start of picture text -----<br> dics faets sift ata<br>SEEPZ SPECIAL ECONOMIC ZONE<br>HOT (Ya), Has<br>ANDHERI (EAST), MUMBAI<br>Head & far<br>AGENDA FOR<br>Aue Algseta fasta wed visde faites & fw ata faets fasts anita<br>ata & fore searaleat uitic ht tow!<br>MEETING OF THE APPROVAL COMMITTEE FOR SECTOR<br>SPECIFIC SPECIAL ECONOMIC ZONE FOR IT/ITES OF M /s.<br>GIGAPLEX ESTATE PRIVATE LIMITED.<br>3 (Ya), Aas|<br>VENUE : Conference Hall, 2>¢ Floor, The Office of the Development<br>Commissioner, SEEPZ-SEZ, Andheri (East), Mumbai<br>fect =: FRAN, 30 Satay, 2025<br>DATE : Thursday, 30 January, 2025<br>Wag : We: 11:30 ast<br>TIME : 11230 AM<br>KRREKKEKKERKEKKEKE KKKKKKKKKEKKEEKK<br>----- End of picture text -----<br>

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30 2025 AY -Gat_FY sea a fofaes-tat_& 1 & far fasts feets_ siftte am fag cal aon]

Meeting of the Approval Committee for Sector Specific Special Economic Zone for IT/ITES of M/ s. Gigaplex Estate Private Limited-SEZ under the Chairmanship of Development Commissioner, SEEPZ-SEZ on 30" January 2025.

anim /INDEX

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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|arta|aa|wm.|faye|
|AgendaltemNo. ||Sbjct|
|ore|He|HATH|01:-|25.09.2024|al|sRMstat|dow & arta|Fr aise|
|Agenda|Item|No.|01:-|Confirmations|of|the minutes|ofthe|meeting|held|
|ee|
|mre|He|wate|02:-|oe|ot|fers,|2006|&|fray|53|&|setae|Aas|
|Agenda|Item|No.|02:-|eax|Beagia|sfar|wisde|fafaes|-|anssisi-3|&|
|fersargey|AY|fetartefl|AAT|
|Monitoring|performance|of M/|s.|HERE|
|Solutions|India|Pvt.|Ltd.|-|IDO-3|in|terms|of|
|Rule|53|of SEZ|Rules,|2006.|
|antag|erie 03:|=sss«||«Ss|at|[fete,]|2006|& faa|53|&|TEse|FatAE|
|Agenda Item|No.|03:-|vase!|atecdagr aes|sfsar|usde|fafAes|
|(qa|2|Ya|taalaisier|(Sem)|wsde|fats|&|
|aA|A|le|Stat|at)|&|verte|Ar|fete|HAT|
|Monitoring|performance|of M|/s.|NEC|
|Software|Solutions|India|Pvt.|
|Ltd.(Formerly|known|as|Rave|
|Technologies|(India)|Pvt.|Ltd.)|in|terms|of|
|Rule|53|of SEZ|Rules,|2006.|

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ee ee ne en So

Meeting held on 25.09.2024 Action taken for the UAC Name of SEZ Name of Unit Subject Action Taken Gigaplex-SEZ M/s. Omega Healthcare Application for setting up Letter of Approval dated Management Services Pvt. a new unit. 09.10.2024 was issued to

dad frrretaa wee sede fetes - dor, Vaell, at aad, B ae fafsre fate afte aa & few apie afafe&t 78df doa ar artga faara arg, dtd, At xeaerar F 25.09.2024 ar facta aet dios Aart Fg, Minutes of 78" Meeting of the Approval Committee for Sector Specific Special Economic Zone of M/s. Gigaplex Estate Pvt. Ltd. - SEZ, Airoli, Navi Mumbai, under the Chairmanship of Development Commissioner, SEEPZ-SEZ held on 25.09.2024, at Second Floor SEEPZ Service Centre, SEEPZ SEZ, Mumbai.

||1.|Name of the SEZ||:<br>M/s. Gigaplex Estate Pvt. Ltd.|:<br>M/s. Gigaplex Estate Pvt. Ltd.|:<br>M/s. Gigaplex Estate Pvt. Ltd.|:<br>M/s. Gigaplex Estate Pvt. Ltd.|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||2.|Sector||><br>IT/ITES||||||||||||
||3.|Meeting no||2<br>7g!||||||||||||
||4.|Date||><br>25.09.2024||||||||||||
|Present:||||||||||||||||
|Members /Invitees:||||||||||||||||
|| No.<br>(|||Name ofMembers<br>fatfom,starr<br>silc.P. 8. chaabay|| Designation<br>weeleiin<br>po Develonment<br>Commissioner,|||\|Organization<br>ficaint<br>SEEPZ-SEZ.|||||||||
|ee<br>|||Das<br>ni<br>Shri. Leider Panicker||Joint Commissioner Income<br>Tax||_|Nominee<br> Income Tax||of<br>Commissioner<br>5<br>:<br> office, Mumbai.|||||of|||
|[:3<br>|||Shri. Himanshu Dhar<br>Pandey|||‘<br>i<br>Deputy Director DGFT||_|Nominee <br>.<br> Mumbai.|of the Additional|||||DGFT,||||
||||Smt. Poonam Darade|||Deputy Director Industries|||Nominee||of||DC|Industries,||||
|||||||||Government of||||Maharashtra.|||||
||||Aare afererror,||SAToreaAEPPTH|||ware, Hag|oearf|arf||||||||
|5<br>||| <br>' <br>||Smt. Meera<br> Ramkrishnan.|||Assistant<br>Commissioner<br>Customs|of|| <br>| <br>_|Nominee<br>of<br>Commissioner<br>of<br> Customs,<br>General,<br>Air<br>Cargo,<br> Sahar, Mumbai.||||||||||
|it<br>||Dr.<br>Prasad Varwantkar<br>lier||||uy.<br>Lickel<br> Commissioner, SEEPZ-SEZ||||-||||||||
|fay|adaweer:|||SpecialInvitee:||||||||||||

fart ar araz, ust (ey uasste), fl. dea a Smt. Rekha Nair, ADC (New SEZ), — Shri. G.S. yeraar siz Yale BAHT eo few offer, ayers, Bhandari, ADC (New SEZ) & Shri. Manish Kumar, astett (= wasag ate A arfie ayre, wef (4 ADC (New SEZ), also attended for assistance and wasatz) aft sirfivat gut smooth functioning of the meeting. ariget we dear 01: festa 28.08.2024 af Agenda Item No. 01: Confirmation of Minutes of amnfsra 774 daa arefaarAt arefaarAtAt a fey fey the 77" meeting held on 28.08.2024. feare 28.08.2024 at araifera 7741 asa 3% The Minutes of the 77'" Meeting held on avlge At adarenfe & afP A ws 28.08.2024 were confirmed with consensus.

ariget we dear 01: festa 28.08.2024 af amnfsra 774 daa arefaarAt arefaarAtAt a fey fey

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arta we deat 02: fhretae-vagsis F ua ag garg AY earaat & fer tad ae Brrpat Aasiz affae srgae fafate ar are

Agenda Item No. 02: Application of M/s. Omega Healthcare Management Services Private Limited for Setting up of a New Unit at Gigaplex-SEZ

tad ao zeae Faaiic afta M/s. Omega Healthcare Management greae fafte a arfdeireracaar wah Services Private Limited had applied for setting Si aoa ca ea a l imino up of a new unit at M/s. Gigaplex-SEZ for ITESafta varai & few tea fapeqaga-merdape ; i a ; ; finger . ee Information Technology Enabled — services qe ETE an dia % Fer araret Phar a, including back operations, call centres, data frat afeaer aries, Ser vert, are yer vere processing, human resources _ services, at wea Aart oy aerate, wera ale Era insurance claim processing, medical Hard afe enfirar 21 39,084 at ye a areaz transcription payroll, revenue accounting, uftar aie 55,834 at ee HB TPT aa, 5 au] support centres etc. in an area admeasuring AY safer at 17438.43 ang ayy a fata sir 39,084 sq.ft. of Carpet Area and corresponding to mradt Wer, 50.00 ara ayy ar uEE argatiT 55,834 sq.ft. of Chargeable Area, envisaging FOB ile 17388.43 are east ar wap A fae value of exports of Rs. 17438.43 Lakhs, FE outgo a eas a ie = of Rs. 50.00Lakhs and NFE of Rs. 17388.43 Lakhs At ae 2%, Bret 730 teenz asrt (401 yey se . ma . 329 = ~ over a period of 5 years with employment ufeart) otter ey generation of 730 nos. (401 Men & 329 Women).

frofy:- Frare-faret ai ara, affifa a far} ata Decision :- After deliberation, the Committee aeanay Haste ufsasr grea fate yeaa approved the proposal of M/s Omega Healthcare a) Hoy a Sy, forett teat frets i Management Services Private Limited for setting 39,084 af te ard uPaT ate 55,834 aif ga up of a IT/ITES New SEZ Unit at M/s. Gigaplexyart aa ae aden ua aediardfisoy ar SEZ in an area admeasuring 39,084 sqJft. of Tae Sars At STAT, afie Heyy 402, qr 4 Carpet Area and corresponding to 55,834 sq_ft. of dire (ard fteaer araters ere), andes oved Chargeable Area, at Unit No. 402 on part 4" floor ave (fhrreetaet), vetle tear areas, tere aia (ie 3 office level), Mindspace Airoli West nh. Aer sivenifira eta, aria tere ale faa, (Gigaplex), Plot No. IT-5, Airoli Knowledge Parkart, wat ars- 400708, wary WS any Al TTC Industrial Area, Villages Airoli and Dighe, af H 17438.43 ae STF Fi Frater a7 mall Thane, Navi Mumbai400708, Maharashtra, a, 50.00 are eat FH Bras Sweat at envisaging FOB value of exports of Rs. 17438.43 eRe Siem Sort tar ‘Marre “ah Rest AT Lakhs, FE outgo of Rs. 50.00Lakhs and NFE of Rs. me @, Frat 730 terre (401 ger aie 329 17388.43 Lakhs over a period of 5 years with afgar) rT gel employment generation of 730 nos. (401 Men & 329 Women).

Hee Bl eras A HHI aga eH

Meeting ended with a vote of thanks to the Chair.

ee ees eue-ae- flare Aras, ates Ser

OS

GOVT. OF INDIA, OFFICE OF THE ZONAL DEVELOPMENT COMMISSIONER, SEEPZ SPECIAL ECONOMIC ZONE ANDHERI (EAST), MUMBAI- 400096.

KRKKEKKEKREEKEREEKERE

AGENDA NOTE FOR CONSIDERATION OF THE APPROVAL COMMITTEE

A. PROPOSAL:

Monitoring performance of the respective units in terms of Rule 53 of SEZ Rules, 2006.

B. Specific issue on which decision of UAC is required:

Monitoring performance of the respective units as specified in FSRs.

C. Relevant provisions of SEZ Act,2005 and Rules 2006/Instruction

/Notification:

In terms of Rule 54 of SEZ, Rules 2006: Performance of the unit shall be monitored by the Approval Committee as per the guidelines given in Annexure appended to these rules.

D. Other information:

|Str.|Name Ofthe Unit.<br>+~+~=~|APRsforthe period<br>|FSRofthe<br>No.<br>relevant period<br>1. |M/s. HERE Solutions India Pvt. Ltd. |F.Y. 2019-20, 2020-21, |FSR[ot-/5]|Str.|Name Ofthe Unit.<br>+~+~=~|APRsforthe period<br>|FSRofthe<br>No.<br>relevant period<br>1. |M/s. HERE Solutions India Pvt. Ltd. |F.Y. 2019-20, 2020-21, |FSR[ot-/5]|
|---|---|
||- IDO-3<br>2021-22, 2022-23,|
|2.|Pe ene!” a OnESS<br>et<br>|M/s. NEC Software Solutions<br>F.Y. 2020-21 to 2023-<br>FSR [(l4-2|
||India Pvt. Ltd.(Formerly known as | 24|
||Rave Technologies (India) Pvt.|
||Cc:<br>al<br>a|

E. Recommendation:

The proposal of the Units are based on the Final Scrutiny Report in terms of Rule 54 of SEZ Rules, 2006 is submitted to the Approval Committee for consideration.

KKK KKK KKK RE KK RK KKK KKK RK KEK KEKE RK KERR RRR KERR EER

oF

FINAL SCRUTINY REPORT /2025

Name of the Unit: - M/ s. HERE Solutions India Pvt. Ltd. - IDO-3

Address: - Unit No. 801, 8t Floor, Bldg No.04, Gigaplex Estate Pvt. Ltd.-SEZ, IT Plot No. 05, Airoli Knowledge Park, TTC Industrial Area, Airoli (W), Mumbai-400708

Block period: - 2019-20 to 2023-24 (24 Block)

Financial Year: - 2019-20 to 2023-24

Details of Previous Monitoring:-

1. Previous UAC observation

(A): Observation on APR:

The monitoring performance of the unit for the years 2014-15 to 2018-19 had been monitored in the Approval Committee meeting held on 05.02.2020. Accordingly, it was concluded that the unit had achieved positive NFE of Rs. 22,436.96 Lakhs (with amortization) on cumulative basis for the period of 5 years i.e. 2014-15 (last quarter of FY 2014-15) to 2018-19.

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----- Start of picture text -----<br> (i) APPROVED Projections for the 274 Block-<br>FOB value<br>of export 5,700.00 5,750.00 5,760.00 | 5,770.| 5,8 0 0.000 28,780.00<br>FE Outgo<br>1,283.02 | 665.59 | 955.92 | 2,145.46 |2,145.46| 7,179.60<br>NFE<br>4,416.98 |5,084.41 | 4,804.08 | 3,624.54 | 3,670.39| 21,600.40 __<br>----- End of picture text -----<br>

(II) Performance as compared to projections for the period 2019-20 to 2023-24.

(Rs. In Lakhs)

O&

||||RawMaterial=|<br>(Goods/Services)|RawMaterial=|<br>(Goods/Services)|an,<br>een|an,<br>een|Other<br>outflow|
|---|---|---|---|---|---|---|---|
|Year|Projected|Actual<br>(Asper<br>APR)|Project<br>Actual<br>Asper<br>éd<br>(Asper<br>NSDL<br>APR)<br>Data|Projected(CG<br>he**t**e**e**nS<br>O h r<br>outflow)||Actual<br>Asper<br>(As per<br>NSDL<br>APR)<br>Data|Actual<br>(As per<br>APR)|
||2023.24<br>| 5,800.00]<br>28,780.00|||4777.68 |<br>28,788.53||0.00<br>0.00<br>0.00<br>0.00]<br>0.00/0.00|||2,145.46<br>6,271.86|485.61|0.00 | 238.70<br>2.30<br>485.61|281.08|2,170.12||

(III) Cumulative NFE achieved during the block period 2019-20 to 2023-24.

(A) Cumulative NFE achieved as per APR

|||(Rs. in Lakhs)|
|---|---|---|
|eax<br>2019-20<br>2020-21|Cumulative<br>Cunmilatine<br>Prolections<br>NFEAchieved<br>Cumulative %<br>J<br>As perAPR<br>NFE Achieved<br>NFE<br>jo(Column<br>9)<br>4,416.98| 6,472.57|146.54%<br>9,501.39<br>|<br>10,231.09<br>107.68%||
|2021-22|14,305.47|16,170.41<br>|113.04%|
|2022-23<br>17**,**93**0.**01<br>|2023-24|216040||**2**0**,**957**.**97<br>__116.89%<br>550846|18.10%|

(ii) Capital Goods Amortized Values table:-

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----- Start of picture text -----<br> Year Amortized<br>CG Imp. 4B(v) Value<br>1127.89 112.79—<br>2015-2016 483.3 48.33<br>2016-2017 -66.47 6.65<br>-<br>2017-2018 6.21 0.62<br>2018-2019 212.338 21.23<br>2019-2020 441.09 ho te Pe |<br>2020-2021 -6.01 060<br>2021-2022 22.55, 2.260<br>2022-2023 27.98 2.80<br>----- End of picture text -----<br>

(IV) Whether the Unit achieved Positive NFE : Yes

(D) Other Information:

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©4

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----- Start of picture text -----<br> LOA No. & Date ~ | SEEPZ/NEW-SEZ/SERENE-<br>THANE/43/2014-15/9592 dated 24.07.2014<br>(Original LOA)<br>SEEPZ/NEW-SEZ/SERENE-<br>THANE/43/2014-15/ 9592/03499 dated<br>Validity of LOA || 322024019.02.2020 (Renewal of LOA<br>Item(s) of manufacture/ Services ||JT &ITES.<br>Date of commencement of | 01.01.2015<br>production ae ee<br>Execution of BLUT cea EESols PA lain EE [Suerte] el et en<br>PendingPending CRAShow Objection,CauseifanyNotice/ ||NO0 NO<br>Eviction Order/Recovery Notice/<br>Recovery Order issued, ifamy 2 |<br>No. of employees: As below<br>Projecte Projected Men Women Total<br>Year |dMen400 | Women[|| 0}<br>100 279 242, 521<br>ggg |. isy |aaa 71.69%<br>2022-23 330 260 Sa v"7 nn EE ——<br>ee hia! 185ise|142| 184 |83207289 4855 . 4298 %<br>Area allotted (in sq. ft.) 36,045 sq. ft.<br>Area available for each employee per | 2019-20 | 2020-21 | 2021-22 | 2022-23 | 2023-24<br>sq. ft. basis (area / no. of employees) Li aae eT<br>Investment till<br>date (Rs. In| Building | eee Z<br>Lakhs) Plant & Machinery 2839.94<br>TOTAL 3596.45<br>Per Sq. ft. Export during the FY —| 2019-20 | 2020-21|2021-22 | 2022-23 | 2023-24<br>APR export/per sq. ft*Lakhs 18577.31 | 17030.27 | 17098.38 | 13907.59<br>Quantity and value of goods NA<br>exported under Rule 34<br>(unutilized goods)<br>Value Addition during the NA<br>monitoringper i od ee<br>Whether all the APRs_ being | YES<br>considered now has been filed well<br>within the time limit, or otherwise.<br>If no, details of the Year along with<br>noofdaysdelayedtobe given, | |<br>----- End of picture text -----<br>

  • (E) Reconciliation of Export & Import data. (a) EXPORT

JO

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----- Start of picture text -----<br> CRS. in lakhs<br>Miguves Figures as<br>Wenn) : reported in Difference Reason for<br>Santon APR (FOB per SONTES if any Difference /Remark<br>Value) Data<br>2019 - 20 6,696.19 5,657.94 1,038.25<br>2020 - 21 6,138.56 6,085.63 92.93<br>2021 - 22 6,163.11 5,956.97 206.14 Difference is due to<br>| SCExchange Rate Variation.<br>----- End of picture text -----<br>

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----- Start of picture text -----<br> (b) IMPORT (RM):<br>ss (Rs. In Lakhs<br>Year/ Figures as Figures as per Difference if Reasons for difference<br>Period per APR Trade Data any<br>(NSDL)<br>i eeer eee eee ee<br>2023-24 0.00 el ID ee eteco allele -<br>(c) IMPORT (Capital Goods including procurement done on JUT (from<br>basis.<br>Rs. In Lakhs<br>Par om Figures<br>Year/Period Annexure pera et Ditferens Reasons for difference<br>: Trade e if any<br>(Amortized Data<br>Value Ps ules Lita looms<br>2019 - 20 441.09 | 4,04 | 437.05<br>2020 - 21 -6.01 15.79 9.78 Unit has considered<br>| 22 02 12 - 2223 | 2 27 .9 98 ___ewe 0.00 ||27.980,00 | goodscumulativefor the amountmentioned of capitalyear.<br>2023-24 | 0.00 | 238.70] 238.70 |<br>----- End of picture text -----<br>

(c) IMPORT (Capital Goods including procurement done on JUT (from SEZ) basis.

(F) Bond cum Legal Undertaking (BLUT) (Rs. In Lakhs)

l)

| |

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----- Start of picture text -----<br> Total Bond-Cum 2019-20 [2020-21 | 2021-22 | 202223 [2023-24<br>Remaining Value of<br>BLUT given by<br>entity at the start 7 5,940.36 8,226.25 8,004.00 7,722.83<br>of the Financial<br>Year. 1, 2 ee<br>Value of Additional<br>Bond-cum-Legal<br>Undertaking<br>(BLUT) executed : Avilla Oe : 7 :<br>during the<br>Financial Year. ee eR meonla =<br>iv | The duty forgone<br>on Goods/ Services<br>imported or<br>procured during<br>the Financial Year 249.82 229.77 222.26 281.17 195.97<br>(should include the<br>GST foregone on<br>DTA procured<br>goods/services Se L ail Pes eS ceca a-ak z<br>v_ | Remaining Value of<br>BLUT as at the end<br>of the Financial 5,940.36 3,226.25 8,004.00 7,722.83 7,926.85<br>Year [ (ii) + (ili)-<br>iv)].<br>te2019- 2020- i222021- 2022- 2023-<br>| 23<br>Details of pending Foreign | 24<br>Remittance beyond Permissible<br>period, if any<br>To cross-check the same and Ne NG ne xO NO<br>verify whether necessary<br>permission from AD Bank / RBI<br>(a)has Whetherbeen obtained.all SOFTEX hasRSbeen lak el CR Ac CRT TSae at [cae a Ac<br>filed for the said period. If no, details<br>thereof.<br>SO to also check whether unit has| YES YES YES YES YES<br>obtained SOFTEX Condonation from<br>DC office / RBI and if approved,<br>whether they have filed such<br>pending SOFTEX.<br>(b) Whether all SOFTEX has been<br>certified, if so till which month has<br>the same been certified. If not, All SOFTEXs have been certified.<br>provide details of the SOFTEX and<br>reasons(c) Whetherfor pendency?unit has filed|any NO NO NOmae NO<br>request for Cancellation of SOFTEX? | [|]<br>DTA/SEZ/EOU/STPI ctc. against| N© NO NG a ne<br>Pe Whetherpayment inanyINRServicesin r/o IT/ITESprovidedUnit};in =| |<br>----- End of picture text -----<br>

ee

| |

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----- Start of picture text -----<br> during the period.<br>If yes, details thereof (year wise<br>details to be provided) Peres Ce ae SP ee ee Sees sells<br>(J) Is the unit sharing any of their |NO<br>infrastructures with other units or<br>are utilizing infrastructure of<br>another unit in the same or other<br>SEZ.<br>If so, details thereof, including the<br>details of the unit with whom the<br>sharing is being made, and the<br>payment terms<br>If approval for sharing of common<br>infrastructure has been obtained<br>from UAC / DC office, the date of<br>UAC / Approval letter to be indicated<br>; Whether all DSPF for services | Yes, all DSPF have been filed and endorsed.<br>procured during the said monitoring<br>period under consideration has been<br>filed by the unit and whether the<br>same has been’ processed for<br>approval by the SO Office. gat Hem 2s<br>(L) Whether unit has filed all DTA<br>procurement wer.t. the goods<br>procured by them during the| YES YES YES YES YES<br>monitoring period for the relevant<br>period.<br>If no, details thereof oa,= tlle cleatta Mat ie, 4<br>Details of the request IDs pending<br>for OOC in respect of DTA NO NO NO NO NO<br>procurement on the date of<br>submission of monitoring report i<br>Has the unit set up any cafeteria /<br>canteen / food court in unit<br>premises?<br>If yes, whether permission from UAC<br>/ DC office has been issued, or<br>otherwise office has been issued, or<br>otherwise<br>Whether unit has availed any duty NOT ANY<br>free goods / services for setting up<br>such facility?<br>If yes, whether unit has discharged<br>such duty / tax benefit availed?<br>details to be given including amount<br>of duty / tax recovered or yet to be<br>recovered hagas,* emg te ee es Te Sace<br>Whether any violation of any of the<br>provisions of law has been noticed / NO NO NO NO NO<br>observed by the Specified Officer<br>during the period under monitoring_<br>----- End of picture text -----<br>

iS

Findings

|1. |This|This 5 years’ performance scrutiny (2019-20 to 2023-24) of the 24 block period.<br>(monitoring ofperformance done from FY 2015-16 along with the last quarter ofFY|
|---|---|
||2014-15 as their DCP is 01.01.2015)<br>ee|
|2.||i. The unit has achieved export revenue<br>of Rs.<br>6,696.19/- Lakhs as against|
||projected export of Rs. 5,700.00/- i.e.<br>117.48% during the period for FY 2019-20.|
||ii. The unit has achieved export revenue<br>of Rs. 6,138.56/- Lakhs as against|
||projected export of Rs. 5,750.00/- i.e. 106.76% during the period for FY 2020-21.|
||iii. The unit has achieved export revenue of Rs. 6,163.17/- Lakhs as against|
||projected export of Rs. 5,760.00/- i.e. 107.00% during the period for FY 2021-22.|
||iv. The unit has achieved export revenue of Rs.<br>5,012.99/- Lakhs as against|
||projected export of Rs. 5,770.00/- i.e. 86.88% during the period for FY 2022-23.|
||v. The unit has achieved export revenue<br>of Rs. 4,777.68/- Lakhs as against|
||projected export of Rs. 5,800.00/- i.e. 82.37% during the period for FY 2023-24.|
|3. |Cumulative Net ForeignExchange<br>Rs. 6,472.57/-lakh ispositive<br>for FY 2019-20||
||Cumulative Net Foreign Exchange Rs. 10,231.09/- lakh is positive for FY 2020-21.|
||Cumulative Net Foreign Exchange Rs. 16,170.41/- lakh is positive for FY 2021-22.|
||Cumulative Net Foreign Exchange Rs. 20,957.97/- lakh is positive for FY 2022-23.|
||Cumulative Net Foreign Exchange Rs. 25,508.46/- lakh is positive for FY 2023-24.|
|4. |There isano CRA Objection pending tobelookedinto.||
|5.||ThereismoSCNpending ©.|
||APRs for the FY 2019-20 to 2023-24 have beensubmitted and filed within the|
||prescribed time.|
|7. |Capital Goods Amortization has been shown and there have been no imports||
||according to the NSDL data for FY 2022-23 but as per APR there has been IUT and|
||for FY 2023-24, APR shows no data for imports or IUT but as per NSDL, there is|
|data for the FY.<br>ger<br>eeee eee eg ee<br>lea<br>All SOFTEXs have been certified.<br>aeeerBpdendarsed.||

;

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16

|

FINAL SCRUTINY REPORT /2025

Name of the Unit: - M /s. NEC Software Solutions India Pvt. Ltd.(Formerly known as Rave Technologies (India) Pvt. Ltd.)

Address: - Unit No.301-A, 34 Floor, Building No. 03, Gigaplex Estate Pvt. Ltd.-SEZ, Airoli, Plot No. IT-05, Airoli Knowledge Park, Navi Mumbai-400708

Block period: - 2019-20 to 2023-24

Financial Year: - 2020-21 to 2023-24

(A): Observation on APR:

|(i)|APPROVED Projections forthe 1st Block-|APPROVED Projections forthe 1st Block-|APPROVED Projections forthe 1st Block-|||
|---|---|---|---|---|---|
||| <br>FOB||2019-20 | 2020-21|| 2021-22 | 2022-23 |2023-24<br>| Total __|||
|value of||||||
|export||1,564.08 |2,088.87||2,510.76<br>| 2,913.44 ||3,073.28|12,150.43 _|
|FE Outgo||||||
|NFE||178.20 |144.44|165.54|185.67|||183.66||857.51|
|||1,385.88<br>1,944.43|2,345.22<br>262<br>ll|2,889.62|11,292.92|

(II) Performance as compared to projections for the period 2020-21 to 2023-24.

(Rs. In Lakhs)

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----- Start of picture text -----<br> (Goods/Services)Raw Material Seen¥ gitOth<br>4 Act | [|] [Ct] dTt*«é‘ ete<br>or atj d een? —4 (AsActual per || AsNSDLper | Import(CG + (AsActual per AsNSDLper nf jean<br>ie APR) Data Other APR) Data eae pene<br>fd outflow) P<br>288.05 | 0.00 0.00 0.00 178.20 0.00 0.00 0.00<br>| Tota | 12150.43 | [14751.98|] 0.00] 3.23|0.00| 857.51] a.00| 0.00| 0.00<br>----- End of picture text -----<br>

i+

(Il) Cumulative NFE achieved during the block period 2019-20 to 2023-24.

|

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----- Start of picture text -----<br> (Rs. in Lakhs)<br>Cumulative<br>Year Cumulative NFE Achieved As Cumulative %<br>Projections NFE per APR NFE Achieved<br>ol ot | elon aL<br>288.05<br>2019-20 1,385.88 (last quarter of 20.78%<br>the FY Pi eee<br>3,330.31 3,255.39 | 97.75%<br>2021-22) | 5,675.53 | 6,687.68 | 17-83%<br>2022-23 | [8,403.30] | 10,729.24 | 27.68%<br>2023-24 11,292.92 14,748.75 __130.60%<br>(ii) Capital Goods Amortized Values table:-<br>Year CG Imp. Amortized<br>4B(v) Value<br>2019-2020 |0.00 | 0.00<br>9.00 | 0.00<br>| [2022-2023] | __—0. 00. 0 0 | __0.000.00<br>----- End of picture text -----<br>

(ii) Capital Goods Amortized Values table:-

(IV) Whether the Unit achieved Positive NFE

: Yes

(D) Other Information:

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----- Start of picture text -----<br> LOA No. & Date SEEPZ-SEZ/NE W-SEZ/GIGA-THANE/02/19-<br>| 20/16 988 dated [22.08.2019] [(Original] [LOA)]<br>Validity of LOA oe OBOE20S<br>Item(s) of manufacture/ Services Information Technology and Information<br>Technology Enabled Services (Computer<br>Software Services CPC- 842), Back Office<br>Operations (CPC-843), Data Processing<br>(CPC-849), Finance ®& amp; Human<br>___| Resources Services (CPC-862/865<br>Date of commencement of | 06.01.2020<br>roduction ee eseeee<br>Execution of BLUT YES Tkeek<br>PendingObjection,CRA<br>Pending Show CauseifanyNotice/ || N O O)<br>Eviction Order/Recovery Notice/<br>Recovery Order issued, if any eee eee i<br>----- End of picture text -----<br>

18

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----- Start of picture text -----<br> No. of employees: As below<br>ieeeYear al ProjectedMen | ProjectedWomen Mentel amesWomeneet a (erieTotal Average %<br>2020-21 150 79 229 134.71%<br>120 50 __ 144 63| 207<br>133 [61 |94 | 14.12%<br>Area allotted (in sq. ft.) 13,864 Sq ft<br>Area available for each 2020-21 2021-22 2022-23 ose<br>employee per sq. ft. basis (area ~——j———____—<br>/ no. of employees) 60.54 57.53 66.98 71.46<br>Investmentdate (Rs. tillIn | Buildingeo 7 (abe Woden!<br>Lakhs) Plant & sens<br>Machiner _ :<br>TOTAL 599.52<br>Per Sq. ft. Export during the FY - [2020-21][|] [2021-22][ |] 2022-23 2023-24<br>APR export/per sq. ft*Lakhs 23,480.89 24,780.15 29,151. 47<br>Quantity and value of goods NA<br>exported under Rule 34<br>(unutilized goods)<br>Value. Addition5 Pduring the NA<br>monitoringperiod pee eeAte<br>Whether all the APRs being | YES<br>considered now has been filed<br>well within the time limit, or<br>otherwise.<br>If no, details of the Year along<br>with no of days delayed to be<br>given. uy sae, PS ee La an a<br>----- End of picture text -----<br>

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----- Start of picture text -----<br> (E) Reconciliation of Export & Import data.<br>(a) EXPORT CRSin. Lakhs)<br>Ws dua Figures as<br>Year/Period ropartedin APR Per Difference: Reason for Difference /Remark<br>EOE SOFTEX if any<br>Value) Data<br>----- End of picture text -----<br>

3

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----- Start of picture text -----<br> ~~ |‘ In NSDL data, the export<br>revenue for the FY 2019-20 is<br>2019 - 20 288.05 0.00 288.05 not considered. The SOFTEX<br>details are attached for<br>al elena reference.<br>2020 - 21 2,967.34 2,890.69 76.65<br>————7 Due to exchange rate difference.<br>2021 - 22 3,435.52 3,596.16 160.64 | Invoice wise SOFTEX details are<br>- Fr,fs, eipe lal attached for reference.<br>= 202 28 -2 84 | 4,0 4119 .5 16 34 019 51 , 887 . 62 1530 00 . 94 -<br>(b) IMPORT (RM):<br>potesign te Lakhs<br>Year/ Figures as Figures as per Difference if Reasons for difference<br>Period per APR Trade Data any<br>(NSDL)<br>poaoa@1|4lo0o||)|Ud|l!UCUOO:C~‘“dSi‘(‘i‘i‘“C ;<br>2021-22 0.00 0.00 -<br>EnSS:<br>a SEFa<br>----- End of picture text -----<br>

(c) IMPORT (Capital Goods including procurement done on IUT (from SEZ) basis.

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----- Start of picture text -----<br> ee area (RS. In Lakhs<br>Figures as Figures<br>Year/Period Annexureper as per Differencefi Reasons for difference<br>: Trade if any<br>(Amortized Data<br>Cees2 ES |e ee ener eet<br>2019 - 20 0.00 0,06 So 5<br>2020-21 | [0.00] | 0.00) =<br>2021 - 22 0.00 0.00 en -<br>[| [2022-23] | 0.00 | [~—-0.00|] [=]<br>a «eeecee<br>----- End of picture text -----<br>

(F) Bond cum Legal Undertaking (BLUT) (Rs. In Lakhs)

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----- Start of picture text -----<br>

||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|2019-20||2020-21 [2021-22|||20a223|[2023-24|||
|Lz|Total|[Legal]|[Undertaking]|Bond-Cum|mola|cles|Tae|ie|inate|bee|ee|-|
|fied|RemainingBLUT|given Value|byof|allele|>|Saeeee|alee|44.75 f|308.01|131.13|

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2D

|entity<br>at the<br>start||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|of<br>the<br>Financial||||||||||||
|Year.<br>ee||ge<br>|er||||||||||
|Value of Additional||||||||||||
|Bond-cum-Legal||||||||||||
|Undertaking<br>(BLUT)<br>executed||7||:|||dilate|||||
|during<br>the||||||||||||
|Financial Year.|||i||eee||ae|||||
|iv |The<br>duty<br>forgone||||||||||||
|on Goods/ Services||||||||||||
|imported<br>or||||||||||||
|procured<br>during||||||||||||
|the<br>Financial<br>Year<br>91.08||||Vlal F|||60.74||176.88||111.05|
|(should include the||||||||||||
|GST<br>foregone<br>on||||||||||||
|DTA<br>procured||||||||||||
|goods/services|||||||Fak aca|||||
|Remaining Value of||||||||||||
|BLUT as Hb ENS BU)<br>eee<br>of<br>the<br>Financial||||44.75|||308.01||131.13||20.08|
|Year<br>[(ii) +<br>(iii)- (iv)].||||||eesbere||||||
||||||-2019- | 2020-|||||2021-|||
|Details<br>of<br>pending|||Foreign|||||||||
|Remittance<br>beyond||Permissible||||||||||
|period, ifany<br>To<br>cross-check<br>the||same||and||Nh|NE||Ni,|aed|A|
|verify<br>whether|||necessary|||||||||
|permission from AD|Bank<br>/|||RBI||||||||
|has been obtained. _|||oe||||erfo|el ia|||Aa!||
|(a) Whether<br>all SOFTEX|||has|been||||||||
|filed for the said period.||If|no, details|||||||||
|thereof.||||||||||||
|SO to also check whether unit has|||||||YES|YES||YES|YES|YES|
|obtained SOFTEX Condonation||||from||||||||
|DC<br>office<br>/<br>RBI<br>and||if|approved,|||||||||
|whether<br>they<br>have||filed||such||||||||
|pending SOFTEX.||||||||||||
|(b) Whether<br>all SOFTEX|||has|been||||||||
|certified,<br>if so<br>till which|||month has|||||||||
|the<br>same<br>been<br>certified.<br>If||||not,|||||YES|||
|provide details of the|SOFTEX and|||||||||||
|**re**asonsforpendency?<br>Perel<br>(c)<br>Whether<br>unit<br>has<br>filed<br>any<br>quest for Cancellation ofSOFTEX?_|||||ieeetea<br>NO<br>Tot = te||fet<br>NO<br>|||NO|||
|Whether any<br>Services||provided<br>in||||||||||
|DTA/SEZ/EOU/STPI|etc.<br>against|||||||||||
|payment in INR in r/o|IT/ITES|||Unit||NO|NO||NO|NO|NO|
|during the period.||||||||||||
|If<br>yes,<br>details<br>thereof|||(year|wise||||||||
|details to be provided|||reee||||sist,|||||

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21

| | |

|(J)||Is<br>the<br>unit<br>sharing any<br>of<br>their |NO|Is<br>the<br>unit<br>sharing any<br>of<br>their |NO||||||
|---|---|---|---|---|---|---|---|---|
|||infrastructures with other units<br>or|||||||
|||are<br>utilizing<br>infrastructure<br>of|||||||
|||another unit<br>in the same or other||||||||
|||SEZ.||||||||
|||If so, details thereof, including the|||||||
|||details<br>of the unit with whom the|||||||
|||sharing<br>is<br>being<br>made,<br>and<br>the|||||||
|||payment terms|||||||
|||If approval for sharing of common|||||||
|||infrastructure<br>has<br>been<br>obtained|||||||
|||from UAC / DC<br>office,<br>the date of|||||||
|||UAC / Approval letter to be indicated|||||||
|||Whether<br>all<br>DSPF<br>for<br>services||YES||||||
|||procured during the said monitoring|||||||
|||period under consideration has been|||||||
|||filed by the unit and whether the|||||||
|||same<br>has<br>been<br>processed<br>for|||||||
|||approval by<br>the SO Office.|||||||
|(L)||i<br>Whether<br>unit<br>has<br>filed<br>all<br>DTA|ait!||||||
|||procurement<br>w.r.t.<br>the<br>goods|||||||
|||procured<br>by<br>them<br>during<br>the<br>monitoring period<br>for<br>the<br>relevant|YES|YES|YES|YES|YES||
|||period.|||||||
|(M)|||If no, details thereof<br>eranee!<br> Details of<br>the request IDs pending||Silt|ote||||
|||for<br>OOC<br>in<br>respect<br>of<br>DTA|NIL|NIL|NIL|NIL|NIL||
|||procurement<br>on<br>the<br>date<br>of|||||||
|||submission ofmonitoring report_iae <br>Has the unit set up any cafeteria /||es|es||||
|||canteen<br>/<br>food<br>court<br>in<br>unit|||||||
|||premises?|||||||
|||If yes, whether permission from UAC|||||||
|||/ DC<br>office<br>has<br>been<br>issued,<br>or|||||||
|||otherwise office has been issued, or|||||||
|||otherwise|||||||
|||Whether unit has availed any duty|||NO||||
|||free goods / services for setting up|||||||
|||such facility?|||||||
|||If yes, whether unit has discharged<br>such<br>duty<br>/<br>tax<br>benefit<br>availed?|||||||
|||details to be given including amount<br>of duty / tax recovered or yet to be|||||||
|||recovered<br>Loe<br>Whether any violation of any of the|Elwes_bh||||||
|||provisions of law has been noticed /<br>observed<br>by<br>the<br>Specified<br>Officer|NO|NO|NO|NO|NO||
|||duringtheperiodundermonitoring|||ae|||||

Findings

os

| | |

|1. <br>2.|||This is 4 years’ performance scrutiny (2020-21 to 2023-24) ofthe 1st Block period.<br>Monitoring of performance done from 2020-21 asDCP is06.01.2020<br>|i. The unit has achieved export revenue of Rs. 3,255.39/- Lakhs as against<br>projected export of Rs. 2,088.87/- i.e. 155.84% during the period for FY 2020-21|
|---|---|---|
|||ii. The unit has achieved export revenue ofRs. 3,435.52/- Lakhs as against<br>projected export ofRs. 2,510.76/- i.e. 136.83% during the period forFY 2021-22|
|||iii. The unit has achieved export revenue of Rs. 4,041.56/- Lakhs as against<br>projected export ofRs. 2,913.44/- i.e. 138.72% during the period for FY 2022-23|
|||iv. The unit has achieved export revenue ofRs. 4,019.51/- Lakhs as against<br>projected export ofRs. 3,073.28/- i.e. 130.79% during the period forFY 2023-24|
|3.||Cumulative|Cumulative Net Foreign Exchange Rs. 3,543.44/- lakh ispositive forFY 2020-21.|
|||Cumulative Net Foreign Exchange Rs. 6,687.68/- lakh is positive for FY 2021-22.|
|||Cumulative Net Foreign Exchange Rs. 10,729.24/- lakh is positive for FY 2022-23.|
|||Cumulative Net Foreign Exchange Rs. 14,748.75/- lakh is positive for FY 2023-24.|
|4.||There|There is<br>ano CRA Objection pending to belookedinto.<br>===|
|ee||There is.aoSENpending, eeee|
|7.||APRs|The APR ofFY 2021-22 shows Inter Unit Transfer ofRaw Materials worth Rs. 3.23<br>Lakhs.<br>fey<br>APRs for the FY 2019-20 to 2023-24 have been submitted and filed within the<br>prescribed time.<br>=<br>eh= ag!<br>-<br>Capital Goods Amortization has been shown and there have been no imports<br>according to the NSDL data for FY 2019-20 & 2023-24.|
|||AllSOFTEXsandDSPFfiledandcertified.|

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