Agenda of Approval Committee meeting to be held on 25.11.2025 -FESTUS SEZ

सी᭡ज़ िवशेष आᳶथᭅक ᭃेᮢ
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 आᳶथᭅक ᭃेᮢ 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

: दूसरी मंिज़ल, बोडᭅ ᱨम, एडिमन िबᳲ᭨डंग, डीपी व᭨डᭅ, ᭠हावा शेवा िबज़नेस पाकᭅ ᮧाइवेट
िलिमटेड, ᭡लॉट नंबर 5/1, ᭡लॉट नंबर 406/FTWZ1 मᱶ, से᭍टर 4, JNPA-SEZ, गांव सावरखर, उरण, रायगढ़, महारा᳦-400707

VENUE : 2nd Floor, Board Room, Admin Building, DP World, Nhava Sheva
Business Park Pvt. Ltd., Plot No. 5/1, In Plot No. 406/FTWZ1, Sector 4, JNPA-SEZ, Village Sawarkhar, Uran, Raigad, Maharashtra-400707

ᳰदनांक
: मंगलवार, 25 नवंबर 2025 DATE
: Tuesday, 25th November 2025

समय

: दोपहर 01:00 बजे
TIME : 01:00 PM

मंगलवार, 25 नवंबर 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
Tuesday, 25th November 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 30.10.2025. काय[सूची मद सं. 02 Agenda Item No.

/ 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 30.10.2025. काय[सूची मद सं. 02 Agenda Item No. 02: - Monitoring of the performance of M/s. TATA CONSULTANCY SERVICES LIMITED (Unit-IV) for 5th year i.e. 2024-25 of 3rd block period (FY 2020-21 to 2024-25). काय[सूची मद सं. 03 Agenda Item No. 03: - Quarterly Performance Report of M/s. Festus Properties Pvt. Ltd., (Developer) for the period April 2025 to June 2025.

िवकासआयु, सीज़-सेज़कअयतामिदनांक िदनांक30.10.2025 कोितीयतल, सीज़सेवाक, सीज़-सेज़, मुंबईममेसस मेससफेटस फेटसॉपटज़ ॉपटज़ ाइवेट ाइवेटलिमटेड लिमटेड-सेज़ सेज़, पवई, मुंबईकेसेटरिवशिवशेषआथकेकेलएआयोजतअनुमोदनसिमतक80व वबैठक बैठककाकायवृ। Minutes of 80th Meeting of the Approval Committee for Sect or 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 30.10.2025, at Second Floor, SEEPZ Service Centre, SEEPZ-SEZ, Mumbai .

1.
सेज़कानाम
Name of the SEZ
: : मेससफेटसॉपटजाइवेटलिमटेड
M/s.

````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````
1.
सेज़कानाम
Name of the SEZ
: : मेससफेटसॉपटजाइवेटलिमटेड
M/s. Festus Properties Private Limited
2.
सेटर
Sector
: : आईटी/आईटीईएस
IT/ITES
3.
मीटगनंबर
Meeting No.
: : 80व
80th
4.
िदनांक
Date
: : 30.10.2025
30.10.2025
उपथत
उपथतसदय
सदय/Members Present:
.
Sr.
No.
सदय
सदयका
कानाम
नाम
Name of Members
पद
पदका
कानाम
नाम
Designation
संगठन
संगठन
Organization
1
ीमयूरमानकर
Shri Mayur Mankar
संयुिवकासआयु
Jt. Development Commissioner
सीज़-सेज़
SEEPZ-SEZ
2
ीसुनीलअघवाने
Shri. Sunil Aghawane
संयुआयुआयकर
Joint Commissioner Income
Tax
आयकरआयुकायालय, मुंबईकेनािमती
Nominee of Commissioner of Income Tax
office, Mumbai
3
ीबैिकयावेलुमुथारासु
Shri. Backiyavelu Mutharasu
उपिनदेशकडीजीएफटी
Deputy Director DGFT
अतरडीजीएफटी, मुंबईकेनािमत
Nominee of the Additional DGFT, Mumbai
4
ीबीरसह
Shri Birender Singh
उपआयु, सीमाशुक
Deputy Commissioner of
Customs
सीमाशुकआयु, जनरल, एयरकाग, सहारके
नािमती
Nominee of Commissioner of Customs, General,
Air Cargo, Sahar
5
ीमतीपूनमदराडे
Smt. Poonam Darade
उपिनदेशकउोग
Deputy Director Industries
डीसीइंडटीज, महारासरकारकेनािमत
Nominee of DC Industries, Government of
Maharashtra.
6
ीमतीमतानाबयार
Smt.

go, Sahar
5
ीमतीपूनमदराडे
Smt. Poonam Darade
उपिनदेशकउोग
Deputy Director Industries
डीसीइंडटीज, महारासरकारकेनािमत
Nominee of DC Industries, Government of
Maharashtra.
6
ीमतीमतानाबयार
Smt. Smitha Nambiar
उपिवकासआयु
Deputy Development
Commissioner
िविनदअधकारी
Specified Officer
सीज़-सेज़
SEEPZ –SEZ
फेटस-सेज़
Festus –SEZ
7
ीजयमनोजशाह
Shri Jay Manoj Shah
िविनदअधकारी
Specified Officer
सीज़-सेज़
SEEPZ –SEZ
बैठकमसहायताऔरसुचाकामकाजकेलएीराहुलशवणगोल,
एडीसी(यूएसईजेड), ीजयदीप, एडीसी(यूएसईजेड), ीसुदशन
शदे, एडीसी(यूएसईजेड) औरीहनीशराठी, एडीसी(यूएसईजेड)
भीशािमलहुए।
Shri Rahul Shivannagol ADC (New SEZ), Shri Jai
Deep, ADC (New SEZ), Shri Soodershan Shindde, ADC (New
SEZ) and Shri Hanish Rathi, ADC (New SEZ) also attended for
assistance and smooth functioning of the meeting.
कायसूची
कायसूचीमद
मदसंया
संया01 : िदनांक
िदनांक19.08.2025 को
कोआयोजत
आयोजत79व
व
बैठक
बैठककेकेकायवृ
कायवृक
कपुि
पुि।
Agenda Item No. 01: Confirmation of Minutes of the 79th
meeting held on 19.08.2025.
िदनांक19.08.2025 कोआयोजत79वबैठकके
कायवृक
सवसमतसेपुिकगई।
The Minutes of the 79th Meeting held on19.08.2025 were
confirmed with consensus.

of Minutes of the 79th
meeting held on 19.08.2025.
िदनांक19.08.2025 कोआयोजत79वबैठकके
कायवृक
सवसमतसेपुिकगई।
The Minutes of the 79th Meeting held on19.08.2025 were
confirmed with consensus.

कायसूची
कायसूचीमद
मदसंया
संया02: तीसरेलॉकअवध(िववष2020-21 से
2024-25) के5ववषयानीिववष2024-25 केलएमेसस
मेससिवो
िवो
लिमटेड
लिमटेडकेदशनकिनगरानीकरना।
Agenda Item No 02:
Monitoring the performance of M/s.
Wipro Limited for the 5th year i.e. FY 2024-25 of the 3rd block
period (FY 2020-21 to 2024-25).
LOA No. SEZ/HIRA-MUM/(13)/LOA-13/2009-10/21/4061,
Dated: 15.06.2009
LOA No. SEZ/HIRA-MUM/(13)/LOA-13/2009-10/21/4061,
Dated: 15.06.2009
इकाईारािववष2024-25 केलएवाषकिनपादनरपोटतुत
कगई।इकाईनेिववष2024-25 के
दौरानसंचयीआधारपर
77,480.46 लाखपयेकासकारामकसंचयीएनएफईहासलिकयाहै।
The Annual Performance Report for the FY 2024-25 was
submitted by the unit. The unit has achieved positive cumulative
NFE of Rs. 77,480.46/- Lakhs on cumulative basis during the
FY 2024-25.
िनणय
िनणय: - िवचार-िवमशकेबाद, सिमतनेसेज़िनयम, 2006 केिनयम
54 केसंदभममेसस
मेससिवो
िवोलिमटेड
लिमटेड(फेटस-सेज़) केदशनकोनोट
नोट
िकया।
Decision:
- After
deliberation,
the
Committeenoted the
performance of M/s. Wipro Limited (Festus-SEZ) in terms of
Rule 54 of SEZ Rules, 2006.
यहभीउेखनीयहैिक,
1. 2024-25 कअवधकेलएवाषकिनपादनरपोट
(एपीआर) केकॉलमसंया4(बी) और4(बी)(v i ) म
उखतगलतआंकड़केसंबंधमएजडामदज
अवलोकनकोपुनःसयािपतिकयागयाहैऔरइसे
सहीपायागयाहै।
It was also noted that,
1. The observation recorded in the agenda regarding the
“incorrect figures mentioned in Column No.

तगलतआंकड़केसंबंधमएजडामदज
अवलोकनकोपुनःसयािपतिकयागयाहैऔरइसे
सहीपायागयाहै।
It was also noted that,
1. The observation recorded in the agenda regarding the
“incorrect figures mentioned in Column No. 4(B) and
4(B)(vi) of the Annual Performance Report (APR) for
the period 2024–25” has been re-verified and found to
be in order.
2. सहायकआयु(लेखापरीा) सीज़-सेज़, मुंबईसे
लेखापरीापैरासंया17 (i) - लेखापरीाआप:
िवदेशीमुाकािमदेरीऔरलेखापरीापैरा
संया17 (ii) - लेखापरीाआप: मेससिवो
लिमटेडकेसंबंधमअायिवदेशीमुाकेलएअैल
2014-15 मगलतरपोटगकेसंबंधमापिदनांक
21.07.2025 केअनुसारहटािदयागयाथाऔरसिमत
ाराइसेनोटिकयागयाहै।
2. As per the letter dated 21.07.2025 received from the
Assistant Commissioner (Audit) SEEPZ-SEZ, Mumbai
regarding Audit Para No. 17 (i) — Audit Objection:
Delay in realization of foreign currency and Audit Para
No. 17 (ii) — Audit Objection: Incorrect reporting in
APR 2014-15 for unrealized foreign currency in respect
of M/s. Wipro Limited was dropped and same has been
noted by the Committee.
अयकोधयवादापनकेसाथबैठकसमाहुई।
Meeting concluded with a vote of thanks to the Chair.
signaturerectangle-1-186
Shri.

pect
of M/s. Wipro Limited was dropped and same has been
noted by the Committee.
अयकोधयवादापनकेसाथबैठकसमाहुई।
Meeting concluded with a vote of thanks to the Chair.
signaturerectangle-1-186
Shri. Dnyaneshwar B Patil
Development Commissioner
SEEPZ- SEZ
Digitally signed by Dnyaneshwar Bhalchandra
Patil
Date: 2025.11.14 17:34:39 IST
% DSUnknown
q
1 G
1 g
0.1 0 0 0.1 9 0 cm
0 J 0 j 4 M []0 d
1 i
0 g
313 292 m
313 404 325 453 432 529 c
478 561 504 597 504 645 c
504 736 440 760 391 760 c
286 760 271 681 265 626 c
265 625 l
100 625 l
100 828 253 898 381 898 c
451 898 679 878 679 650 c
679 555 628 499 538 435 c
488 399 467 376 467 292 c
313 292 l
h
308 214 170 -164 re
f
0.44 G
1.2 w
1 1 0.4 rg
287 318 m
287 430 299 479 406 555 c
451 587 478 623 478 671 c
478 762 414 786 365 786 c
260 786 245 707 239 652 c
239 651 l
74 651 l
74 854 227 924 355 924 c
425 924 653 904 653 676 c
653 581 602 525 512 461 c
462 425 441 402 441 318 c
287 318 l
h
282 240 170 -164 re
B
Q

Ǒदनांक 30.10.2025 को आयोिजत यूएसी बैठक के ͧलए कȧ गई कार[वाई 
Action taken for the UAC Meeting held on 30.10.2025 
सेज़ का नाम/
Name of SEZ
इकाई का नाम/
Name of Unit
ͪवषय/
Subject
कȧ गई कार[वाई/
Action Taken
Festus-SEZ 
M/s. Wipro 
Limited 
Monitoring of the performance 
of M/s. Wipro Limited for 5th 
year i.e. 2024-25 of 3rd block 
period (FY 2020-21 to 2024-
25). 
 
The letter dated 
24.11.2025 has 
been issued to the 
Unit.

Limited 
Monitoring of the performance 
of M/s. Wipro Limited for 5th 
year i.e. 2024-25 of 3rd block 
period (FY 2020-21 to 2024-
25). 
 
The letter dated 
24.11.2025 has 
been issued to the 
Unit.

GOVERNMENT OF INDIA,
OFFICE OF THE DEVELOPMENT COMMISSIONER,
SEEPZ SPECIAL ECONOMIC ZONE, GOVT. OF INDIA,
ANDHERI (EAST), MUMBAI
 
**************
 
AGENDA NOTE FOR CONSIDERATION OF APPROVAL COMMITTEE
 
-----------------------
a. Proposal : 
Monitoring of the performance of M/s. TATA CONSULTANCY SERVICES LIMITED (Unit-IV) an IT/ITES unit
located at SEZ unit No. 9th, 10th, 11th, 12th & 13th Floor, Kensington, Powai, Mumbai for 5th year i.e. 2024-25 of 3rd
block period (FY 2020-21 to 2024-25).
b. Specific Issue on which decision of AC is required: -  
Monitoring of the performance of the unit for 5 th year i.e. 2024-25 of 3 rd block period (FY 2020-21 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: - 
Approved Projections: (3rd Block Period)  (Rs. in Lakhs.)
 
2020-21
2021-22
2022-23
2023-24
2024-25
Total
FOB Value of Exports
87100.00
90900.00
103000.00
104400.00
105900.00
491300.00
FE Outgo
1150.00
950.00
650.00
450.00
450.00
3650.00
NFE
85950.00
89950.00
102350.00
103950.00
105450.00
487650.00
 
e. Performance as compared to projections:
 
a. FY 2020-21 to 2024-25 for 3rd block.
(Rs.

o
1150.00
950.00
650.00
450.00
450.00
3650.00
NFE
85950.00
89950.00
102350.00
103950.00
105450.00
487650.00
 
e. Performance as compared to projections:
 
a. FY 2020-21 to 2024-25 for 3rd block.
(Rs. in Lakhs)
Year
Export
FE OUTGO
Raw Material
(Goods/Services)
C.G. import
Other Outflow
 
Projected
Actual
Projected
Actual
Projected
Actual
Actual
2020-21
87100.00
91132.44
NA
NA
1000
20.52
7954.62
2021-22
90900.00
85551.07
800
2.41
18451.36
2022-23
103000.00
119689.27
500
0.00
60641.32
2023-24
104400.00
156599.41
300
7.22
65617.11
2024-25
105900.00
155657.15
 
20.33
16006.50
Total
491300.00
6,08,629.34
 
50.48
1,68,670.91
 
 
c.Cumulative NFE achieved :

Year
Cumulative Projections NFE
Cumulative NFE Achieved
As per APR
(Coloumn 9)
Cumulative NFE as per Calculation
Cumulative % NFE as per calculation
2020-21
85950.00
165335.69
83028.92
96.60 %
2021-22
175900.00
232361.24
150047.80
85.30 %
2022-23
278250.00
291310.24
209040.50
75.13 %
2023-24
382200.00
382157.86
299969.10
78.48 %
2024-25
487650.00
439733.94
439573.15
90.14 %
Year
FOB value of export
FE Outgo
Calculated NFE
(As per Scrutiny)
  NFE
(As per APR)
Cumulative NFE
(As per APR)
Cumulative NFE as per
Calculation
1
2
3
(Amortised Value+Other Outflow)
4
2-3=
5
6
7
As per APR
FY
2020-21
91132.44
148.90+7954.62=
8,103.52
83028.92
83035.78
165335.69
83028.92
As per APR
FY
2021-22
85551.67
80.82+18451.36=
18,532.18
67019.49
67025.55
232361.24
150048.41
As per APR
FY
2022-23
119689.27
55.24+60641.32=
60,696.56
58992.71
58949.01
291310.24
209041.12
As per APR
FY
2023-24
156599.41
53.68+65617.11=
65,670.79
90928.62
90847.62

7025.55
232361.24
150048.41
As per APR
FY
2022-23
119689.27
55.24+60641.32=
60,696.56
58992.71
58949.01
291310.24
209041.12
As per APR
FY
2023-24
156599.41
53.68+65617.11=
65,670.79
90928.62
90847.62
382157.86
299969.10
As per APR
FY
2024-25
155657.15
47.24+16006.50=
16053.74
139603.41
139603.41
439733.94 
439573.15
i. a. FY 2020-21 to 2024-25 for 3rd block
 
 
ii.b. NFE for scrutiny period:-
 
 
 
 
Other Information: 
 
LOA No. & Date
1. SEZ/HIRA-MUM/(15)/LOA-15/2009-10/25/5224, Dated 30.07.2009
 
2. SEEPZ-SEZ/NEW-SEZ/HIRA-MUM/13/2010-11/3398, Dated 25.02.2025
 
3. SEEPZ-SEZ/NEWSEZ/HIRA-MUM/12/2010-11/10312, Dated 07.09.2020
Location of Unit
Unit at 9th, 10th, 11th, 12th & 13th Floor, Kensignton, B Wing, Powai, Mumbai-400 076
Validity of LOA
31.03.2030
Item(s) of manufacture/ Services
Information Technology Products, Software/IT Services & IT Enabled
Date of commencement of production
01.04.2010
Execution of BLUT
Yes
Validity of Lease Agreement
31.03.2039
Pending CRA Objection, if any
-

tion Technology Products, Software/IT Services & IT Enabled
Date of commencement of production
01.04.2010
Execution of BLUT
Yes
Validity of Lease Agreement
31.03.2039
Pending CRA Objection, if any
-

Pending Show Cause Notice/ Eviction Order/Recovery Notice/ Recovery Order
issued, if any
Yes,
 
1.         The Specified Officer, Festus-SEZ vide letter dated 16.07.2024
forwarded the draft SCN i.r.o M/s TCS Ltd. (I, II, III, IV) and same
copy endorsed to this office and informed that M/s. TCS Ltd. (I, II, III
& 
IV), 
Festus 
SEZ 
had 
erroneously 
availed 
IGST 
duty
exemption/benefits in respect of items that were not covered in the
Letter of Approval (LOA) and Bond-Cum-Legal-Undertaking (BLUT)
also informed that, as per CBEC Circular No 11/2017-Customs dated
31.03.2017, draft demand/show cause notice were prepared and
forwared for adjudication and necessary action in the matter.
 
2.         Order No.02, dated 03.09.2024 issued by DC sir regarding TCS
has erroneously availed IGST duty exemption/benefits in respect of
items that were not covered in the Letter of Approval (LOA) and Bond-
Cum-Legal-Undertaking (BLUT).
 
3.         Commissioner of Customs (General), ACC/Mumbai has issued
the Order-In-Original dated 29.10.2024 to M/s. Tata Consultancy Pvt.
Ltd. and copy endorsed to this office i.r.o. M/s. Tata Consultancy Pvt.
Ltd. (I,II,III & IV) has erroneously availed IGST duty exemption benefit
in respect of items not covered in the Letter of Approval (LOA) and
Bond-cum-Legal-Undertaking (BLUT).
It is noticed that, they have mentioned in point No.

neously availed IGST duty exemption benefit
in respect of items not covered in the Letter of Approval (LOA) and
Bond-cum-Legal-Undertaking (BLUT).
It is noticed that, they have mentioned in point No. 24 that, “I find that
the Development Commissioner has failed to notice that, the Rule 27(2)
of the Special Economic Zones (SEZ) Rules, 2006 provides the
Development Commissioner right to grant exemptions but subject to the
conditions as prescribed or specified in the Letter of Approval. In this
case the items were procured which were not covered by the Letter of
Approval (LOA) without payment of IGST claiming unavailable
exemption and therefore,  the said items as considered the Development
Commissioner cannot be  made eligible for retrospective effect for duty
free procurement as I find that Authorized operations has to be specified
in the Letter of Approval, clearly specifying the items of manufacture or
particulars of service activity, including trading or warehousing as per
Rule 19 of SEZ Rules. ”
In this connection, This office has clarified vide letter dated 29.01.2025
that, As per Rule 27(2) of the Special Economic Zones (SEZ) Rules,
2006, “In case of any doubt as to whether any goods or services are
required by a Unit or Developer for authorized operations or not, it shall
be decided by the Development Commissioner” this office has issued
Order No.02, dated 03.09.2024 and Corrigendum to Order No.
02/2024,  Dated    04.11.2024 and inform that, There is no matter arise
to grant exemption with retrospective effect.

this office has issued
Order No.02, dated 03.09.2024 and Corrigendum to Order No.
02/2024,  Dated    04.11.2024 and inform that, There is no matter arise
to grant exemption with retrospective effect. The Order was passed to
clarify the eligibility of the goods & services used by the unit in terms of
Rule 27(2) of SEZ Rules, 2006.
Employment for the block period
As per projection
Man:     1531
Woman: 797
Total:     2328
 
As on 31.03.2024: (As per Specified Officer reports)
Man:     2100
Woman: 1600
Total:     3700
Area allotted (in sq. ft.)
 267330 Sq. Ft.
 
(Area Sq. Ft./No. of Employees)
Area available for each employee per sq.ft. basis (area / no. of employees)
 
72.25 Sq. Ft.
Investment till date (Rs. In Lakhs)
 
Building
2358.60
Plant & Machinery
2928.41

TOTAL
5287.01
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
(Submitted on 01.09.2025)
 
 
 
 
 
 
The Specified Officer report vide letter dated 06.11.2025 has submitted reported as detailed below:   
 
A. EXPORT-                                     (Rs.

Yes
(Submitted on 01.09.2025)
 
 
 
 
 
 
The Specified Officer report vide letter dated 06.11.2025 has submitted reported as detailed below:   
 
A. EXPORT-                                     (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
91,132.44
120.81
-
-
-
-
-
2021-22
85,551.67
113.61
-
-
-
-
-
2022-23
Export_119698
 
Offsite50,396.45
Onsite69,292.82
206.56
119428.80
145.24
260.47
0.32
I)Export figure include offsite and
onsite
ii)Ex. Rate Difference
iii)Credit notes are issued for each year
by the Customer which are included in
the FOB value but not in the trade data
iiii) Consider Data from May-2022 to
Apr-23
2023-24
Export_
156599
 
Offsite
60,320.21
 
Onsite
96,279.19
190.44
150422.65
182.93
6176.34
7.51
i)Export figures include offsite and
onsite
ii)Ex. Rate Difference
iii)Credit notes are issued for each year
by the Customer which are included in
the FOB value but not in the trade data
iiii) Consider Data from May-2023 to
Apr-24
2024-25
155657.15
186.56
155657.15
-
-
-
-
 
B. IMPORT                                                
(i) Capital Goods including procurement done on IUT (from SEZ, EOU, STPI, EHTP) basis                (Rs.

55657.15
186.56
155657.15
-
-
-
-
 
B. IMPORT                                                
(i) Capital Goods including procurement done on IUT (from SEZ, EOU, STPI, EHTP) basis                (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
20.52
 
0.0280
 
20.52
 
0.0280
 
Nil
Nil
 
 
2021-22
2.41
 
0.0032
 
2.41
 
 
0.0032
 
Nil
Nil

2022-23
0.0
0.00
0.0
0.00
Nil
Nil
 
 
2023-24
7.22
0.00859
7.22
0.00859
Nil
Nil
 
 
2024-25
20.33
0.022
20.33
0.022
Nil
Nil
 
 
 
 
 
 
 
 
  
 
  
 
 
(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
N.A
N.A
 
 
 
 
 
2021-22
N.A
N.A
 
 
 
 
 
2022-23
N.A
N.A
 
 
 
 
 
2023-24
N.A
N.A
 
 
 
 
 
2024-25
N.A
N.A
 
 
 
 
 
 
C.

NR
USD
 
(1)
(2)
(3)
(4)
(5)
(6) =
(2) –( 4)
(7) =
(3) – (5)
(8)
2020-21
N.A
N.A
 
 
 
 
 
2021-22
N.A
N.A
 
 
 
 
 
2022-23
N.A
N.A
 
 
 
 
 
2023-24
N.A
N.A
 
 
 
 
 
2024-25
N.A
N.A
 
 
 
 
 
 
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 Lakhs
 
3064.86
 
 
 
Nil
 
 
 
 
 
 
 
 
3848.48
 
2
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.
 
FY
Goods (Imported & Indigenous)[Rs. in
Lakhs]
Services
[Rs. in Lakhs]
2020-2021
52.9
-
2021-2022
31.1
-
2022-2023
1.977
-
2023-2024
36.41
292.92
2024-2025
17.24
2632.32
Total
139.62
2925.24

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 sufficient or nil balance in BLUT
No - sufficient balance in BLUT
 (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
 
1531
Women
 
797
Total
 
2328
(e)
Details of pending Foreign Remittance beyond Permissible period, if any
(As on 31stMarch, 2024)

(March 2024)
Gender
As per the LOA
(Form F)
As on
31-03-2024
Men
 
1531
Women
 
797
Total
 
2328
(e)
Details of pending Foreign Remittance beyond Permissible period, if any
(As on 31stMarch, 2024)
 
To cross-check the same and verify whether necessary permission from AD
Bank / RBI has been obtained.
 
73 cases pending As on 31st March, 2025 and also they have taken extension letter for pending
Foreign Remittance beyond Permissible period.
 
(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 all Softex have been filled
 
 
(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, till Jan_2025_Certified
 
(h)
Whether unit has filed any request for Cancellation of Softex
No
(i)
Whether any Services provided in DTA / SEZ/EOU/STPI etc.

f the Softex and reasons for pendency.
Yes, till Jan_2025_Certified
 
(h)
Whether unit has filed any request for Cancellation of Softex
No
(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)
No
(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
Nil
(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
N. A
(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.
Yes, It is filed. There are 342 Invoice, value of Rs. 116.03 crs. Out of which 115.04 Crs. Have been
approved and rest is pending for approval with SEZ Office.
 
(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
N.

ding for approval with SEZ Office.
 
(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
N. A
(o)
Details of the request IDs pending for OOC in respect of DTA procurement
on the date of submission of monitoring report
N. A
(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 paid 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
 
N.A

(q)
Whether any violation of any of the provisions of law has been noticed /
observed by the Specified Officer during the period under monitoring
N. A
 
 
 
 
 
 
 
 
          Further, Specified Officer, Festus-SEZ has informed that, the above figures are based on the details furnished by the SEZ unit and data available on SEZ Online. These may be taken on
records for the purpose of monitoring of Performance of SEZ unit for the period 2020-21 to 2024-25 of M/s. Tata Consultancy Services Ltd. (Unit –IV), Festus SEZ, Powai Mumbai.
Findings
1.
This is 5th year performance secrutiny i.e. 2024-25 of the 3rd block period.
2.
The unit has achieved export revenue of Rs. 155657.15/- Lakhs as against projected export of Rs. 105900.00/- Lakhs i.e.

This is 5th year performance secrutiny i.e. 2024-25 of the 3rd block period.
2.
The unit has achieved export revenue of Rs. 155657.15/- Lakhs as against projected export of Rs. 105900.00/- Lakhs i.e. 146.99% during the period for FY 2024-25.
3.
There is no CRA pending.
4.
The APR for the FY 2024-25  has filed within presciribed time i.e. 01.09.2025
5.
SCN is pending.
6.
Cumulative Net Foreign Exchange Rs. 439573.15/- Lakhs is positive for FY 2024-25 as per Calculation.
7.
It is observed that the unit has recorded incorrect figures in Columns 8 and 9 of the APR for the period 2024–25.
 
 
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.
*************************************************

GOVERNMENT OF INDIA,
OFFICE OF THE DEVELOPMENT COMMISSIONER,
SEEPZ SPECIAL ECONOMIC ZONE, GOVT. OF INDIA,
ANDHERI (EAST), MUMBAI
 
**************
 
AGENDA NOTE FOR CONSIDERATION OF APPROVAL COMMITTEE
 
-----------------------
a. Proposal : 
Quarterly Performance Report of M/s. Festus Properties Pvt. Ltd., (Developer) for the period April 2025 to June 2025.
b. Specific Issue on which decision of AC is required: -  
Quarterly Performance Report for the period April 2025 to June 2025.
c.

rties Pvt. Ltd., (Developer) for the period April 2025 to June 2025.
b. Specific Issue on which decision of AC is required: -  
Quarterly Performance Report for the period April 2025 to June 2025.
c. Relevant provisions of SEZ Act, 2005 & Rules, 2006/Instruction/    
    Notification :- 
In terms of Rule 12(6), of SEZ Rules 2006 - “The Developer shall maintain a proper account of the import or procurement,
consumption and utilization of goods and submit quarterly and half-yearly returns to the Development Commissioner in Form E
for placing the same before the Approval Committee”.
In terms of Rule 22(4), of SEZ Rules 2006 - “The Developer shall submit Quarterly Report on import and procurement of goods
from the Domestic Tariff Area, utilization of the same and the stock in hand, in Form E to the Development Commissioner and
the Specified Officer and Development Commissioner shall place the same before the Approval Committee.
d. Other Information: - 
Festus Properties Pvt. Ltd., (Developer), has been granted Formal Approval No. F.2/67/2006-EPZ Dated 19.06.2006 for IT/ITES at Kensington IT/ITES,
Hiranandani Business Park, Powai, Mumbai-400076.
The Quarterly Performance Report was forwarded to Specified Officer for verification. The Specified Officer vide letter dated 13.08.2025 has submitted  the
detailed quarterly performance report in respect of the M/s. Festus Properties Private Limited, SEZ i.e.

fficer for verification. The Specified Officer vide letter dated 13.08.2025 has submitted  the
detailed quarterly performance report in respect of the M/s. Festus Properties Private Limited, SEZ i.e. the developer of Festus-SEZ for the period of April
2025 to June 2025 is as under:
Quarterly Performance Report for the period April 2025 to June 2025
 
Assemble Value
(in Crore)
Duty Foregone
(in Crore)
DTA
Goods
0.04
0.00
Services
14.29
2.57
 
Total
14.33
2.57
 
 
 
 
 
 
Assemble Value
(in Crore)
Duty Foregone
(in Crore)
Import
Goods
Nil
Nil
 
Services
Nil
Nil
 
Total
Nil
Nil
       The Utilization of the Bond Value details are as under:
PARTICULAR
Quarterly Performance Report
(In Rs.)
April-2025 to June-2025
Opening Balance
14,86,72,521.00
Duty/Tax Foregone
2,57,98,319.00
Closing Balance
12,28,74,202.00
Further, stated that the Developer vide letter dated 04.11.2025 has submitted the details of GSTR 2A (GSTR-2B) for the period from 01.04.2025 to 30.06.2025
for reconciliation of the values of procured goods and services from the DTA with the QPR. Further, the Developer has mentioned that as the date of filling of
GSTR 2A (GSTR-2B) and dated of supplier duty payment falls in the next month of the supply month, hence there is always a possibility of mismatch. So, it is
not possible to reconcile the data in GSTR 2A and that is SEZ online system for particular QPR period on real time basis. Copy of Specified Officer’s letters

ays a possibility of mismatch. So, it is
not possible to reconcile the data in GSTR 2A and that is SEZ online system for particular QPR period on real time basis. Copy of Specified Officer’s letters

dated 13.08.2024 is enclosed.
e. Recommendation: 
The monitoring performance of M/s. Festus Properties Pvt. Ltd. (Developer) for the period April 2025 to June 2025 is
submitted before the Approval Committee for consideration.
*************************************************