Agenda of the Approval Committee meeting held on 29.05.2025-FESTUS-SEZ

सी᭡ज़ िवशेष आᳶथक ᭃेᮢ
SEEPZ SPECIAL ECONOMIC ZONE अंधेरी (पूवᭅ), मुंबई
ANDHERI (EAST), MUMBAI.

कायᭅसूची के िलए AGENDA FOR

मेससᭅ फे᭭टस ᮧॉपटᱮज ᮧाइवेट िलिमटेड के आईटी/आईटीईएस के िलए से᭍टर िविश᳥ िवशेष आᳶथक ᭃेᮢ के िलए अनुमोदन सिमित कᳱ बैठक । MEETING OF THE APPROVAL COMMITTEE FOR SECTOR SPECIFIC SPECIAL ECONOMIC ZONE FOR IT/ITES OF M/s. FESTUS PROPERTIES PRIVATE LIMITED.

᭭थल

: स᭥मेलन कᭃ, दूसरी मंिजल, िवकास आयुᲦ का कायाᭅलय, सी᭡ज़-सेज़,
अंधेरी (पूवᭅ), मुंबई। VENUE : Conference Hall, 2nd Floor, the Office of the Development
Commissioner, SEEPZ-SEZ, Andheri (East), Mumbai.

ᳰदनांक
: गुᱨवार, 29 मई, 2025 DATE
: Thursday, 29th May, 2025

समय

: पूवाᭅ᭮न 11:00 बजे
TIME : 11:00 AM.

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गुǾवार, Ǒदनांक 29 मई, 2025 को ͪवकास आयुÈत, सीÜज़-सेज़ कȧ अÚय¢ता मɅ मेसस[ फेèटस Ĥॉपटȹज Ĥाइवेट ͧलͧमटेड-सेज़ के आईटȣ/आईटȣईएस के ͧलए ¢ेğ ͪवͧशçट ͪवशेष आͬथ[क ¢ेğ के ͧलए अनुमोदन सͧमǓत कȧ बैठक। Meeting of the Approval Committee for Sector Specific Special Economic Zone for IT/ITES of M/s. Festus Properties Private Limited - SEZ under the Chairmanship of Development Commissioner, SEEPZ-SEZ on Thursday, 29th May, 2025.

सूचकांक / INDEX

काय[सूची मद सं. Agenda Item No.

ͪवषय Subject काय[सूची मद सं. 01 Agenda Item No. 01 : - Confirmation of minutes of the meeting held on 24.03.2025. काय[सूची मद सं. 02 Agenda Item No. 02 : - Monitoring of the performance of M/s. Wipro Limited

िवकास आयु , सी ज़-सेज़ क अयता म िदनांक 24.03.2025 को ितीय तल, सी ज़ सेवा क , सी ज़-सेज़, मुंबई म मेसस फे टस "ॉपट%ज़ "ाइवेट 'लिमटेड-सेज़, पवई, मुंबई के से)टर िव+श- िवशेष आ/थक े1 के 'लए आयो3जत अनुमोदन सिम5त क 76व6 बैठक का काय वृ:। Minutes of 76th Meeting of the Approval Committee for Sector Specific Special Economic Zone of M/s. Festus Properties Pvt. Ltd-SEZ, at Powai, Mumbai, under the Chairmanship of Development Commissioner, SEEPZ- SEZ held on 24.03.2025, at Second Floor, SEEPZ Service Centre, SEEPZ-SEZ, Mumbai

सेज़ का नाम Name of the SEZ
मेसस फे टस "ॉपट%ज "ाइवेट 'लिमटेड M/s. Festus Properties Private Limited मी<टग नंबर
Meeting No.
76th िदनांक Date
24.03.2025 24.03.2025

उप? थत सद य/Members Present:

Sr. No. Name of the Members Designation Organization 1 @ीमती िमतल एस. िहरेमठ Smt. Mital S. Hiremath संयु िवकास आयु , Jt. Development Commissioner सी ज़-सेज़ SEEPZ-SEZ 2 @ी राजेश परदेशी
Shri. Rajesh Pardeshi संयु आयु आयकर Joint Commissioner, Income Tax आयकर आयु काया लय, मुंबई के नािमती Nominee of Commissioner of Income Tax office, Mumbai 3 @ी िहमांशु धर पांडे Shri. Himanshu Dhar Pandey उप िनदेशक डीजीएफटी Deputy Director DGFT

अ5तDर डीजीएफटी, मुंबई के नािमत

Nominee of the Additional DGFT, Mumbai 4 @ीमती पूनम दराडे Smt. Poonam Darade उFोग उपिनदेशक Deputy Director of Industries डीसी इंड टGीज, महारा-G सरकार के नािमती Nominee of DC Industries, Government of Maharashtra 5 @ीमती मीरा रामकृHण Smt. Meera Ramkrishan सहायक आयु , सीमा शुJक / Asstt. Commissioner of Customs

सीमा शुJक आयु , जनरल, एयर कागK, सहार के नािमती /

Nominee of Commissioner of Customs, General, Air Cargo, Sahar 6 @ी बालासाहेब बोराडे Shri Balasaheb Borade िविनLद- अ5धकारी
Specified Officer सी ज़-सेज़ SEEPZ –SEZ 7 @ीमती ? मथा ना?Mबयार Smt. Smitha Nambiar िविनLद- अ5धकारी
Specified Officer फे टस-सेज़ Fesuts –SEZ

@ीमती िN3जट जो, िव.आ.का.स. (Oयू सेज़), @ी हनीश राठी, एडीसी (Oयू सेज़), @ी जय दीप, एडीसी (Oयू सेज़), @ी पलाश शंकर, एडीसी (Oयू सेज़) और @ी िववेक जरवाल, एडीसी (Oयू एसईजेड) बैठक म सहायता और सुचाR संचालन के 'लए शािमल हुए।

Smt. Bridget Joe, EA to DC (New SEZ), Shri.

Hanish Rathi, ADC (New SEZ), Shri Jai Deep, ADC (New SEZ), Shri. Palash Shankar, ADC (New SEZ) and Shri. Vivek Zarwal, ADC (New SEZ) also attended for assistance and smooth functioning of the meeting. काय सूची मद संSया 01 : िदनांक 03.03.2025 को आयो3जत 75व6 बैठक के काय वृ: क पुि-।

Agenda Item No. 01: Confirmation of Minutes of the 75th meeting held on 03.03.2025. िदनांक 03.03.2025 को आयो3जत 75व6 बैठक के काय वृ: क सव सMम5त से पुि- क गई।

The Minutes of the 75th Meeting held on 03.03.2025 were confirmed with consensus. काय सूची मद संSया 02 : मेसस फे टस "ॉपट%ज "ाइवेट 'लिमटेड- सेज़ म ? थत मेसस जीई ऑयल एंड गैस इं5डया "ाइवेट 'लिमटेड का उनके एसईजेड यूिनट नंबर 401, ए <वग, क UसVटन, आईटी/आईटीईएस-एसईजेड, पवई, मुंबई-400076 म कैफेटेDरया संचा'लत करने क अनुम5त के 'लए आवेदन।

Agenda Item No 02 : Application of M/s. GE Oil & Gas India Private Limited located at M/s. Festus Properties Private Limited–SEZ for permission to Operate Cafeteria in their SEZ Unit No. 401, A Wing, Kensington, IT/ITES-SEZ, Powai, Mumbai-400076. इकाई ने सेज़ िनयम, 2006 के िनयम 11(5) और िदनांक 11.06.2019 के िनदWश संSया 95 के पैरा 3 के "ावधानX के तहत कैफेटेDरया संचा'लत करने क अनुम5त के 'लए आवेदन " तुत िकया था।

The unit had submitted an application for permission to Operate a Cafeteria under the provisions of Rule 11(5) of SEZ Rules, 2006 and Para 3 of Instruction No. 95 dated 11.06.2019. िनण य:- िवचार-िवमश के बाद सिम5त ने मेसस जीई ऑयल एंड गैस इं5डया "ाइवेट 'लिमटेड के अपने सेज़ म कैफेटेDरया संचा'लत करने के " ताव को मंजूरी दे दी।

Decision :- After deliberations, the Committee approved the proposal of M/s. GE Oil & Gas India Private Limited to Operate a Cafeteria in their SEZ. अय को धOयवाद Yापन के साथ बैठक समाZ हुई।

Meeting concluded with a vote of thanks to the Chair.

(Yाने[र भा. पाटील, आईएएस) अय-सह-िवकास आयु , सी ज़-सेज़ signaturerectangle-1-186

Ǒदनांक 24.03.2025 को आयोिजत यूएसी बैठक के ͧलए कȧ गई कार[वाई Action taken for the UAC Meeting held on 24.03.2025 सेज़ का नाम/ Name of SEZ इकाई का नाम/ Name of Unit ͪवषय/ Subject कȧ गई कार[वाई/ Action Taken Festus-SEZ M/s. GE Oil & Gas India Private Limited Application of M/s. GE Oil & Gas India Private Limited for permission to Operate Cafeteria Letter dated 02.04.2025 has been issued to unit.

Export F.E. OUTGO GOVERNMENT OF INDIA, OFFICE OF THE DEVELOPMENT COMMISSIONER, SEEPZ SPECIAL ECONOMIC ZONE, GOVT. OF INDIA, ANDHERI (EAST), MUMBAI

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AGENDA NOTE FOR CONSIDERATION OF APPROVAL COMMITTEE

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a. Proposal : Monitoring of the performance of M/s. Wipro Limited an IT/ITES unit located at 701, 7th Floor, Kensington, A-Wing, Festus Properties Pvt. Ltd.-SEZ, Hiranandani Business Park, Powai, Mumbai-400076 for 1 st to 4th year i.e. 2020-21 to 2023-24 of 3 rd block period (FY 2021-22 to 2024-25). b. Specific Issue on which decision of AC is required: -
Monitoring of the performance of the unit for 1st to 4th year i.e. 2020-21 to 2023-24 of 3 rd block period (FY 2021-22 to 2024-25), in terms of Rule 54 of SEZ Rules, 2006. c. Relevant provisions of SEZ Act, 2005 & Rules, 2006/Instruction/
Notification :- As per Rule 54 of SEZ Rules, 2006 “Performance of the Unit shall be monitored by the Approval Committee as per guidelines given in Annexure appended to these rules”. d. Other Information: - (I) APPROVED Projections Renewal of LOA (Rs. In Lakhs) 2020-21 2021-22 2022-23 2023-24 2024-25 Total FOB value of export 19920.63 20119.83 20321.03 20524.24 20729.48 101615.21 FE Outgo 245.18 247.63 250.11 252.61 255.14 1250.67 NFE 19675.45 19872.20 20070.92 20271.63 20474.34 100364.54

After deletion of location for the remaining period of 3 years i.e. 2022-23 to 2024-25 (Rs. In Lakhs) 2022- 23 2023- 24 2024- 25 Total FOB value of export 16406.16 16570.22 16735.93 100596.60 FE Outgo 112.61 113.74 114.88 785.15 NFE 16293.55 16456.48 16621.05 99811.50

(II) Performance as compared to projections for the period 2020-21 to 2024-25. (Rs. In Lakhs)

Year

Projected

Actual (As per APR) Raw Material (Goods/Services) C.G. import Other outflow Projected Actual (As per APR) Projected Actual (As per APR) Actual (As per APR) 2020-21 19920.63 21155.55 0.00 0.00 245.18 325.38 0.00 2021-22 20119.83 29728.79 0.00 0.00 118.54 0.00 2022-23 16406.16 14419.87 0.00 0.00 95.67 0.00 2023-24 16570.22 7104.56 0.00 0.00 47.68 0.00 Total 73016.84 72408.77 0.00 0.00 245.18 587.27 0.00 Year Cumulative Projections NFE Cumulative NFE Achieved As per APR (Coloumn 9) Cumulative % NFE Achieved 2020-21 19675.45 20646.72 104.94 2021-22 39547.65 50055.35 126.57 2022-23 55841.20 64148.22 114.88 2023-24 72297.68 70940.13 98.12 Year FOB value of export FE Outgo (Amortised Value+Other Outflow) Calculated NFE (As per Scrutiny) NFE (As per APR) Calculated Cumulativ NFE (As per Scrutiny) Cumulative NFE (As per APR) 1 2 3 Amortised Value 4 Other Outflow

5 (2-3-4=) 6 7

As per APR FY 2020-21 21155.55 508.83 0.00 20,646.72 20646.72 20,646.72 20646.72 As per APR FY 2021-22 29728.79 320.15 0.00 29,408.64 29408.63 50,055.36 50055.35 As per APR FY 2022-23 14419.87 327.01 0.00 14,092.86 14092.86 64,148.22 64148.22

(III) Cumulative NFE achieved during the block period 2020-21 to 2023-24 (Rs. in Lakhs) (A) Cumulative NFE achieved as per APR

(B) NFE for scrutiny period:- (Rs. in Lakhs)

As per APR FY 2023-24 7104.56 312.65 0.00 6,791.91 6791.91 70,940.13 70940.13

(IV) Whether the Unit achieved Positive NFE : Yes LOA No. & Date

1. LOA No. SEZ/HIRA-MUM/(13)/LOA- 13/2009-10/21/4061, Dated: 15.06.2009

2. LOA No. SEEPZ-SEZ/NEW-SEZ/HIRA- MUM/03/2010-11/9902, dated 18.06.2015

3. Renewed LOA No. SEEPZ-SEZ/NEW- SEZ/HIRA-MUM/03/2010-11/10859, dated 16.09.2020

Validity of LOA 31.05.2025 Item(s) of manufacture/ Services Software Development, Testing and IT Enabled Services Date of commencement of production 01.06.2010 Execution of BLUT Yes
Pending CRA Objection, if any Yes, Audit Para No. 17 – (i) Audit objection : Delay in realization of Foreign Currency.

Audit Para No. 17 – (ii) Audit objection : Incorrect reporting in APR 2014-15 for unrealized foreign currency.

This office vide letter dated 21.12.2022 Requested to Specified Officer (Audit) to Forward the CRA for closure the para. and Letter dated 13.12.2024 issued to SO (Audit) to update the current status i.r.o. the said para to this office at the earliest.

Pending Show Cause Notice/ Eviction Order/Recovery Notice/ Recovery Order issued, if any No.

Employment for the block period

As per projection Man: - Woman: - Total: 643

As on 31st March 2024: (As per Specified Officer reports) Man: 373 Woman: 201 Total: 574 Area allotted (in sq. ft.) 67275 Sq. Ft.

(Area Sq. Ft./No. of Employees) Area available for each employee per sq.ft. basis (area / no. of employees)

2023-24 117.20 Sq. Ft. Investment till date (Rs. In Lakhs)

Building 2020-21 2021-22 2022-23 2023-24 0.00 0.00 0.00 0.00 Plant & Machinery 4856.05 5229.70 5704.59 5605.58 TOTAL 4856.05 5229.70 5704.59 5605.58 Quantity and value of goods exported under Rule 34 (unutilized goods) N.A. Value Addition during the monitoring period N.A. Whether all the APRs being considered now has been filed well within the time limit, or otherwise.

If no, details of the Year along with no of days delayed to be given. Yes 2020-21 2021-22 2022-23 2023-24 18.12.2021 22.09.2022 28.09.2023 30.09.2024 *As per letter dated 29.06.2021 of MoC&I, SEZ Division, instructed that Filing of Annual Performance Reports (APR) by SEZ units extended to till 31st December, 2021.

The Specified Officer report vide letter dated 17.04.2025 has submitted reported as detailed below:
A. EXPORT:- (Rs. in Lakhs and USD in Millions) Year/ Figures as per APR Figures as per Softex/SB/Customs Records (INR) Difference if any Reason for Difference/Remark INR as conveyed by the unit

Year/ Period INR

USD(Since there are multiple currencies, providing the Doc currency in Lakhs) INR

USD (Since there are multiple currencies, providing the Doc currency in Lakhs) INR

USD (Since there are multiple currencie, providing the Doc currency in Lakhs)

(1) (2) (3) (4) (5) (6)=(2)-(4) (7)=(3)-(5) (8) 2020-21 21155.55 316.24 17835.9 270.62 3319.65 45.65 The difference in value is due to onsite invoices. 2021-22 29728.79 414.33 25585.07 368.46 4143.72 45.87 The difference in value is due to onsite invoices. 2022-23 14419.87 1232.99 16998.78 1270.02 2578.91 -37.03 i. NSDL has considered Request ID: 142200116332 pertaining to March 2022

ii. NSDL has not considered Request ID 142300110433 pertaining to March 2023

iii. Onsite invioices 2023-24 7104.56 100.53 6316.36 90.75 788.20 9.78 i. NSDL has considered Request ID 142300110433 pertaining to March 2023

ii.NSDL has not considered request ID 142400123622, pertaining to March 2024

iii) Onsite invoices

b. Import i. (Capital Goods including procurement done on IUT (from SEZ, EOU, STPI, EHTP) basis: (Rs. in Lakhs and USD in Millions) Year/ Figures as per APR Figures as per Softex/SB/Customs Records (INR) Difference if any Reason for Difference / Remark in INR as conveyed by the unit

Period INR USD INR USD INR

USD

2020-21 325.38

325.38

2021-22 118.54

118.54

2022-23 95.67

76.81

18.86

Difference due to BOE – 1000012 consideration in FY 22-23 as per received date. 2023-24 47.68

86.89

39.21

Difference due to below BOE’s are not considered in FY 23-24 BOE-1000012 & 3000032 considering received dates which are 30.03.2023 & 05.04.2024 respectively.

ii. Raw Material (Rs. in Lakhs and USD in Millions) Year/ Period Figures as per APR Figures as per Softex/SB/Customs Records (INR) Difference if any Reason for Difference / Remark in INR as conveyed by the unit INR USD INR USD INR USD

(1) (2) (3) (4) (5) (6)=(2)-(4) (7)=(3)- (5) (8) 2020-21 0 0

2021-22 0 0

2022-23 0 0

2023-24 0 0

C. BLUT 1. Value of BLUT Executed (Duty foregone) including for CG/Raw Material/Services)

Value of Additional BLUT executed

-Year

• BLUT amount

-Year

• BLUT amount

Total value of BLUT Executed: In Crore 82,600,000.00

8.26

Total Duty Foregone on goods & services procured Category –wise BLUT value utilized separately for imported and indigenous goods and services) This should be based on BLUT worksheet which provides for estimated value and duty foregone separately for each category of procurement.

F.Y. Goods Services (Rs. in Crores) (Imported & Indigenous) (Rs. in Crores) 2020-21 Bond accepted on 27.10.2021 2021-22 0.34 1.87 2022-23 1.08 0.94 2023-24 0.28 1.24 Total 1.7 4.05

3 Has the Unit procured goods and or services without having sufficient balance in their BLUT? If Yes, Month & Year when the BLUT was exhausted Details of the consignments and Total value of Goods procured without having suffiecient or nil balance in BLUT No (d) Employment made as on date (as on end of block period / year up to which monitoring is being done) (March 2024) Gender As per the LOA (Form F) As on 31.03.2024 Men

373 Women

201 Total 643 574

(e) Details of pending Foreign Remittance beyond Permissible period, if any (as on 31 March, 2024)

To cross-check the same and verify whether necessary permission from AD Bank / RBI has been obtained. 0

(f) Whether all softex has been filed for the said period. If no, details thereof. SO to also check whether unit has obtained Softex condonation from DC office / RBI and if approved, whether they have filed such pending Softex. Yes – Softex filed for respective months before due date – No dealy

(g) Whether all Softex has been certified, if so till which month has the same been certified. If not, provide details of the Softex and reasons for pendency. Yes, all months softex has been certified of the FY 2020-21, 2021-22, 2022-23 & 2023-24 (h) Whether unit has filed any request for Cancellation of Softex No request filed for cancellation of Softex (i) Whether any Services provided in DTA/SEZ/EOU/STPI etc. against payment in INR in r/o IT/ITES Unit during the period. If yes, details thereof (year wise details to be provided) Value Rs. in Lakh 2020-21 1435.24 2021-22 105.19 2022-23 440.21 2023-24 0 (j) SO to verify and certify whether the unit has updated the BLUT ledger Module in SEZ Online.

(k) Has the unit cleared any Capital Goods procured duty free in DTA against payment of Duty or otherwise? Full details to be provided along with value of assets and duty discharged

DTA Sale AV (Rs. in lakh) Duty Paid (Rs. in Lakh) 2020-21 2.52 1.15 2021-22 8.79 2.84 2022-23 78.33 24.35 2023-24 0 0

(l) Is the unit sharing any of their infrastructures with other units or are utilizing infrastructure of another unit in the same or other SEZ. If so, details thereof, including the details of the unit with whom the sharing is being made, and the payment terms If approval for sharing of common infrastructure has been obtained from UAC / DC office, the date of UAC / Approval letter to be indicated No (m) Whether all DSPF for services procured during the said monitoring period under consideration has been filed by the unit and whether the same has been processed for approval by the SO. As per SO report, it is stated that “we have filed the DSPF once they received the request from vendor. The requests which we have submitted till 31.03.2024 has been approved on SEZ portal. (n) Whether unit has filed all DTA procurement w.r.t. the goods procured by them during the monitoring period for the relevant period. If no, details thereof Yes (o) Details of the request IDs pending for OOC in respect of DTA procurement on the date of submission of monitoring report

(p) Has the unit set up any cafeteria / canteen / food court in unit premises?

If yes, whether permission from UAC / DC office has been issued, or otherwise office has been issued, or otherwise

Whether unit has availed any duty free goods / services for setting up such facility?

If yes, whether unit has discharged such duty / tax benefit availed? Details to be given including amount of duty / tax recovered or yet to be recovered Cafeteria (No live Kitchen) (q) Whether any violation of any of the provisions of law has been noticed / observed by the Specified Officer during the period under monitoring

      Further, Specified Officer stated that, the above figures are based on the details furnished by the SEZ unit and

data available on SEZ Online. These may be records for the purpose of monitoring of Performance of SEZ unit for the period 2020-21 to 2023-24 of M/s. Wipro Ltd., Festus-SEZ, Mumbai. Findings
1. This is 4 years performance secrutiny (2020-21 to 2023-24) of the 3 rd block period. 2. The unit has achieved export revenue of Rs. 21155.55/- Lakhs as against projected export of Rs. 19920.63/- i.e. 106.20 % during the period for FY 2020-21. 3. The unit has achieved export revenue of Rs. 29728.79/- Lakhs as against projected export of Rs. 20119.83/- i.e. 147.76 % during the period for FY 2021-22. 4. The unit has achieved export revenue of Rs. 14419.87/- Lakhs as against projected export of Rs. 16406.16/- i.e. 87.89 % during the period for FY 2022-23. 5. The unit has achieved export revenue of Rs. 7104.56/- Lakhs as against projected export of Rs. 16570.22/- i.e. 42.88 % during the period for FY 2023-24. 6. Cumulative Net Foreign Exchange Rs. 20646.72/- lakh is positive for FY 2020-21. 7. Cumulative Net Foreign Exchange Rs. 50055.35/- lakh is positive for FY 2021-22. 8. Cumulative Net Foreign Exchange Rs. 64148.22/- lakh is positive for FY 2022-23. 9. Cumulative Net Foreign Exchange Rs. 70940.13/- lakh is positive for FY 2023-24.

There is Audit Para No. 17 – (i) Audit objection : Delay in realization of Foreign Currency. Audit Para No. 17 – (ii) Audit objection : Incorrect reporting in APR 2014-15 for unrealized foreign currency.

This office vide letter dated 21.12.2022 requested to Specified Officer (Audit) to Forward the CRA for closure the para and Letter dated 09.12.2024 issued to SO (Audit) to update the current status i.r.o. the said para to this office at the earliest. 11. There is no SCN is pending. 12. The APR for the FY 2020-21 to 2023-24 has filed within presciribed time. 13. Register lease deed of the unit is valid upto 30.09.2027.

e. Recommendation: The proposal of the unit based on the agenda in terms of Rule 54 of SEZ Rules, 2006 is submitted to the Approval Committee for consideration.

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