IN FORCE SEZ / EOU / FTWZ 2022-09-30

Minutes of the Approval Committee meeting of SEEPZ-SEZ held on 30.09.2022

Document text

MINUTES OF THE MEETING OF THE APPROVAL COMMITTEE FOR SEEPZ SEZ HELD UNDER THE CHAIRMANSHIP OF DEVELOPMENT COMMISSIONER ON 30" SEPTEMBER THROUGH VIDEO CONFERENCING.

Name of the SEZ
Meeting No.
Date

: SEEPZ-SEZ 167th : 30t September, 2022

Members Present:

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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|Shri.|C.|P.|S, Chauhan|Jie|DieRetepaaett|SEEPZ-SEZ.|
|Commissioner|
|2|Shri.|Brijendra Kumar|etnIncomem|ComenrearnastTax|°|Nomineeoffice, Kautilya;|of Income Tax Bhawan,‘|
|Bandra,|Mumbai.|
|3|Shri. Premchandran Nair|Dy. DGFT|BisminineMumbai. of the DGFT,|
|4|Smt.|Kirti Deshmukh|Deputy Director|Nominee|of Directorate|of|
|Inspector|Industries,|Mumbai.|
|5|Shri.|M.|Prabhakar|Asstt.|:|Commissioner|‘|ofNominee Customs, of CommissionerGeneral,|Air|
|Customs|Cargo, Sahar.|

----- End of picture text -----

Special Invitee:-

ie Shri. Anil Chaudhary, Specified Officer, SEEPZ SEZ

Shri. Praveen Kumar, Sr. Authorised Officer/ ADC I/c, Shri. Haresh Dahilkar, ADC Smt. Bridget Joe, EA to Development Commissioner/Estate Manager, Shri. Raju Kumar ADC, Smt. Rekha Nair, Assistant and Shri. Ravindra Kumar, UDC also attended for assistance and smooth functioning of the meeting.

Agenda Item No. 01:-

Confirmation of the Minutes of the 166 Meeting held on 26.08.2022

The Minutes of the meeting held on 26.08.2022 were confirmed with consensus.

Agenda Item No. 02 :-Application for setting up new unit - M/s. Arctic Clear LGD Jewellery Division (Unit of KP Sanghvi International Pvt. Ltd.)

M/s. Arctic Clear LGD Jewellery Division (Unit of KP Sanghvi International Pvt. Ltd.) had submitted the application for setting up new unit manufacture and export of Plain, Studded Gold, Platinum, Silver, Titanium, Palladium, Steel, Brass other Precious - Non Precious Metal & Combination Jewellery thereof at Plot no GJ-04, SEEPZ++ admeasuring area 723 sq. ft. with an annual capacity of 50,000.00 nos.

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Decision : :- After deliberation, the Committee approved the proposal of M/s. Arctic Clear ' LGD Jewellery Division (Unit of KP Sanghvi International Pvt. Ltd.,) for setting up of unit in SEEPZ for manufacture & export of Plain, Studded Gold, Platinum, Silver, Titanium, Palladium, Steel, Brass other Precious - Non Precious Metal & Combination Jewellery thereof at Plot no. GJ-04, SEEPZ++ admeasuring area 723 sq.ft. with an annual capacity of 50,000.00 nos. and subject to separate entry and exit.

Agenda Item No. 03 :-Application for Broad Banding - M/s. Jewelex India Pvt. Ltd. (Unit-II)

The unit has submitted the application for Broad Banding of Items. The details are as under:-

> PROPOSED BROAD BANDING ITEM :

|Sr. <br>No<br>01<br>02.|| <br> ||Description of the items to be newly manufactured<br>Proposed Capacity<br>Gold/Platinum/Silver/Bronze/Nickel/<br>Stainless |5% ofFOB valueof<br>Steel/Palladium/Brass Studded with Mother ofPearls | exportofPrevious<br>or<br>in Combine of Diamonds,<br>Precious & Semi<br>Year<br>Precious Color Stone, Pearl andCZ<br> Gold/Platinum/Silver/Bronze/Nickle/<br>Stainless |5%ofFOBvalueof<br>Steel/Palladium/Brass Studded with Ceramic or<br>in|<br>export ofPrevious|ITC(HS)<br>Classification<br>71131940,<br>71131120,<br>71131990,<br>71179090<br>70031930,<br>71131120,|
|---|---|---|---|
|03<br>04|| <br> ||combine of Diamonds, Precious & Semi Precious<br>Year<br>Color Stone, Pearl&CZ<br> Gold/Platinum/Silver/Bronze/Nickle/<br>Stainless |5%ofFOB valueof<br>Steel/Palladium/Brass<br>Studded<br>with Wood<br>or<br>in|<br>exportofPrevious<br>combine of Diamonds, Precious & Semi Precious<br>Year<br>Color Stone, Pearl&CZ<br> Studded & Unstudded Bronze/Nickle Jewellery with |5%ofFOB valueof<br>all types of Stones<br>export of Previous<br>Year|71131990,<br>71179090<br>70031930,<br>71131120,<br>71131990,<br>71179090<br>71179090|

Decision : :- After deliberation, the Committee approved the proposal of broad banding for manufacture & export of Gold/Platinum/Silver/Bronze/Nickel/Stainless Steel/Palladium / Brass Studded with Mother of Pearls or in Combine of Diamonds, Precious & Semi-precious Color Stone, Pearl and CZ etc in terms of Proviso of Rule 19 (2) of the SEZ Rules, 2006, subject to condition that the allied acts condition required if any, and any other law in force for the said import of items should also be fulfilled at the time of import and also should be in compliance in terms of Instruction no. 91 dt. 98.11.2018 read with DGFT Notification no. 43/2015-2020 dt. 05.11.2018. The Committee also directed that the mother of pearls shall be sourced from overseas market and will not be procured from domestic market.

Agenda Item No. 04 :-Application for Broad Banding with Capacity Enhancement - M/s. Uni- Design Jewellery Pvt. Ltd (Trading Division)

The unit has submitted the application for Broad Banding of Items. The details are as under:-

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----- Start of picture text ----- ¢ Capacity Enhancement of Existing Approved Item :- Sr. No. Description of trading activity Approved Capacity Proposed Capacity (USS) (USS [)] Non Hazardous Chemicals used in jewellery 50 45,39,375 making (Rhodium, Gold & Silver Plating Solution) ----- End of picture text -----

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e PROPOSED BROAD BANDING ITEM :-

Projections for period of 5 year i.e. 2022-23 to 2026-27 on broad banding of items with capacity enhancement are as under:-

Sl. No./Particulars Current of 5 years Proposed for 5 years 1US$ = Rs. 80 2. [Import of Machinery | | | CY ioy csImport of Raw Material and 4727.39 62210.00 56,521.70 71,819.18 Boe4. Assorted jewellery for Consumables Ee = 8.7_[Royalty Cd] CT CUTCT 9. |Lumpsum[Design &DrawingfeesKnowhowfee |[| [|| | CT technicians ea 2, |Commissiononexpot||] 3

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----- Start of picture text ----- 13 [Foreign Travel 355.00 788.89 355.00 451.08 ' 14. |Amount of interest to be paid on ECB 15. |Any other payment eeee 16. [Total (2 to 16 47572.39| 62998.89 56,876.70 72,270.26 FE (1-16) 45972.08| _ 63071.83 47,832.95 60,778.84 ----- End of picture text -----

Decision :- After deliberation, the Committee approved the proposal of M/s. Uni-Design Jewellery Pvt Ltd., (Trading Division) for Broad Banding of the items Capacity Enhancement with revised projection for the period of 5 years i.e. 2022-23 to 2026-27 in terms of Proviso Rule 19 (2) of the SEZ Rules, 2006, subject to condition that the allied acts condition required if any, and any other law in force for the said import of items should also be fulfilled at the time of import and also should be in compliance in terms of Instruction no. 91 dt. 28.11.2018 read with DGFT Notification no. 43/2015-2020 dt. 05.11.2018.

Agenda Item No. 05 :-Application for Permission for Third Party Repair, Broad Banding of Items with Capacity Enhancement as well as Renewal of LOA - M/s. Sidd’s Jewels LLP.

M/s. Sidd’s Jewels LLP., had submitted the application for permission for Third Party Repair, Board Banding of items with Capacity Enhancement as well as Renewal of LOA for further period of 5 years i.e. 2021-22 to 2025-26. The details are as follows:

> Broad Banding of Items:-

|No.<br>01|Description ofthe items to be newly manufactured<br>|PLAIN<br>&<br>STUDDED<br>JEWELLERY<br>WITH|Capaci|ITC (HS)<br>Classification|
|---|---|---|---|
||GOLD/SILVER/Silver<br>with<br>PLATINUM<br>WITH|||
||PRECIOUS,<br>SEMI-PRECIOUS<br>&<br>SYNTHETIC<br>STONE, Brass with Diamond, Colour Stone,Lab-Grown|12.000,00 nos<br>7|71131130<br>71131950|
||Diamond, Precious & semi-precious & synthetic color|||
||stoneetc.|||

> Third Party Repair:-

|Sr.<br>No.|Description ofItems|Quantityfor<br>5years|Labour<br>Charges for5<br>ears|
|---|---|---|---|
|1.||Plain& Studded Jewellery with Gold, Silver, Silver<br>with 5% Platinum, Platinum Brass with Diamond,<br>Colour Stones, Lab-Grown Diamond, Precious &|2,90,000.00<br>Pieces/<br>Approx.|US$.<br>8,70,000.00 /-<br>Approx.|
||Semi-Precious&SyntheticColourStone.|||

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Projections for 5 years i.e. 2021-22 to 2025-26 are as follows:-

No. (approved) 2021-22 to 2025-26 2016-17 to 2020-21 1US$ = Rs. 74 SP adaRs. In Lakhs US'000 SRRRs. In US'000: and components 4. | Jewellery for 27000 36486 eeRemaking | Consumables dividends and profits to raRoyalty]foreign collaborates Gee 8. [Design&Drawingfeesfee || | technicians —— bl ‘i. [IndianCommission tech. abroadonexpot [ [=fA bit "14. [Anypaid o thern ECB payment |———*40[207[| ri6. [NFEG-15) iL S797 | S046 | 38117 | 51509

Decision: :- After deliberation, the Committee approved the proposal of M/s. Sidd’s Jewels LLP for permission for Third Party Repair in terms of Instruction no. 51 dated 25.03.2010 issued by - MOC&I, Board Banding of items with Capacity Enhancement in terms of Proviso Rule 19 (2) of the SEZ Rules, 2006 and subject to clearance of outstanding rental dues within 15 days. Agenda Item No. 06 :-Application for Change of Entrepreneurship & Transfer of assets & liabilities from Jewel Mark India Pvt Ltd to M/s. QG Technologies India Pvt Ltd (Unit-II) - M/s. Jewel Mark India Pvt Ltd M/s. Jewel Mark India Pvt Ltd., had submitted the application for Change of Entrepreneurship and transfer of assets and liabilities from M/s. Jewel Mark India Pvt Ltd to M/s. QG Technologies (India) Pvt ltd (Unit- I) with following details :-

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LIST OF DIRECTORS OF THE COMPANY :-

Mr. Parag Babulal Director Michael Jay Director Mehta Langhammer Mr. Delpat Singh Jain Director Pareesh Madanmohan Director Mehta |

LIST OF SHAREHOLDING PATTERN OF THE COMPANY :-

Name of the Share % of Share holders Ms. Purnima 0.005% Kumarpal Shah

Name of the Share holders % of Share J & M Group Holding Inc through 99.85% its Nominee, Mr. Michael Jay Langhammer

Mr. Siraj Shah 24.995 % Mrs. Nehal Shah

Projections on taking over of assets & liabilities are as under:

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----- Start of picture text ----- Particulars M/s. Jewelmark India | M/s. QG Technologies Pvt Ltd Unit-II Approved for 5 years Proposed for 5 years 2020-21 to 2024-25 2022-23 to 2026-27 as per Rule 74 A 1USS=Rs. 78.60/- Rs. In US'000 Rs. In US'000 Lakhs Lakhs FOB value of [exports] 2,700 | _3,857.14 13,365 | 17,003.18 Import of Machiner 57.86 255.05 3. Import of Raw Material and 1,695 2,421.43 8574 | 10,908.30 components 4. | Import of re-making and re- manufacturing -unused/used, new, broken jewellery goods 5. |Import of Spares & 13.5 19.29 94 120.05 Consumables 6 at"vv ----- End of picture text -----

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----- Start of picture text ----- ecamee| 7 profits to foreign collaborates | > 8. [Royalty CT 9. |Lumpsum Knowhowfee [=| [| sf 10. [ DesigPayme n t &of Drawingforeign techniciansfees [|[ [|| | | | Lilie iz tech. abroad "13. [ FC o reignmmission Travelonexpot |[| | fF| ld "TS. [Ao n ECBy otherpayment | | | riz. SSS*YCSSSi9S[NFE(-16) | 1,388.57] 4496 | 5719.78 Decision :- After deliberation, the Committee Committee approved the proposal proposal of M/s. Jewel Mark India Jewel Mark India Mark India India Pvt. Ltd., for Change of Entrepreneurship and transfer of assets and liabilities from M/s. Jewel Mark India Pvt Ltd to M/s. QG Technologies M/s. QG Technologies QG Technologies Technologies (India) Pvt Ltd Unit-II Pvt Ltd Unit-II Ltd Unit-II Unit-II in terms terms of Rule 74A read with Rule Rule 74A read with Rule 74A read with Rule read with Rule with Rule 19 (2) and Rule 74 of SEZ SEZ Rules 2006. Agenda Item No. 07 :-Application for Change in Board of Directors of and Change Shareholding Pattern of the Company the Company Company - M/s. Western Outdoor Interactive M/s. Western Outdoor Interactive Western Outdoor Interactive Outdoor Interactive Interactive Pvt. Ltd., (Unit-I) M/s. Western Outdoor Outdoor Interactive Pvt. Ltd., (Unit-I) had submitted submitted the application application for Change Change Board of Directors and Change in Shareholding Pattern of the Company are per the details provided below : LIST OF DIRECTORS Sr. List of Directors Pre List of Directors Post [ere Director & Cessation Director Date Date [| ser Te | rece |e | D e 2. Nameeta Additional 29.12.2021 Periyanay Director 21.03.2022 Vishal Director (Date of Agam Ph Agam ----- End of picture text -----

Decision :- After deliberation, the Committee Committee approved the proposal proposal of M/s. Jewel Mark India Jewel Mark India Mark India India Pvt. Ltd., for Change of Entrepreneurship and transfer of assets and liabilities from M/s. Jewel Mark India Pvt Ltd to M/s. QG Technologies M/s. QG Technologies QG Technologies Technologies (India) Pvt Ltd Unit-II Pvt Ltd Unit-II Ltd Unit-II Unit-II in terms terms of Rule 74A read with Rule Rule 74A read with Rule 74A read with Rule read with Rule with Rule 19 (2) and Rule 74 of SEZ SEZ Rules 2006. Agenda Item No. 07 :-Application for Change in Board of Directors of and Change in Shareholding Pattern of the Company the Company Company - M/s. Western Outdoor Interactive M/s. Western Outdoor Interactive Western Outdoor Interactive Outdoor Interactive Interactive Pvt. Ltd., (Unit-I)

M/s. Western Outdoor Outdoor Interactive Pvt. Ltd., (Unit-I) had submitted submitted the application application for Change Change in Board of Directors and Change in Shareholding Pattern of the Company are per the details provided below :

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LIST OF SHAREHOLDING PATTERN

||Shares|Equity<br>Shares|||Shares|Equity<br>Shares||
|---|---|---|---|---|---|---|---|
|Anuva|1,92,000|19,20,000|89.30|Anuva Foreign|1,92,000|19,20,000 | 89.30||
|Foreign||||HoldingLLC||||
|Holding LLC||||||||
|Global Eagle|22,972|2,29,720|10.69|Global Eagle|22.972|2,29,720|10.69|
|Holdings||||Holdings||||
|GmbH||||GmbH||||
|Vishal Mohan|l|10|0.01|Suresh|]|10|0.01|
|Chhabria||||Padmanaban,||||
|||||nominee||||
|||||shareholder of||||
|||||Anuvu Foreign||||
|||||HoldingsLLC||||

Decision:- After deliberation, the Committee approved the proposal for Change in Board of Directors and Change in Shareholding Pattern of the company in terms of Instruction no 109 dated 18.10.2021. Further, the Committee also directed the unit to comply with the following safeguards in terms of Instruction no. 109, dated 18.10.2021:-

Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for the altered entity.
Fulfillment of all eligibility criteria applicable, including security clearances etc, by the altered entity and its constituents.
Applicability of and compliance with all Revenue/Company Affairs/SEBI etc. Acts/Rules which regulate issues like capital gains, equity change, transfer, taxability etc.
Full financial details relating to change in equity/ merger, demerger, amalgamation or transfer in ownerships etc. shall be furnished immediately to Member (IT&R), CBDT, Department of Revenue and to the jurisdictional Authority.

5, The Assessing Officer shall have the right to assess the taxability of the gain/loss arising out of the transfer of equity or merger demerger, amalgamation, transfer and ownerships etc. as may be applicable and eligibility for deduction under relevant sections of the Income Tax Act, 1961.

The applicant shall comply with relevant State Government laws, including those relating to lease of land, as applicable.
The applicant shall furnish details of PAN and jurisdictional assessing officer of the unit to CBDT.
The applicant shall be recognized by the new name or such arrangement in all therecords.

Agenda Item No. 08 :- Application for Change in Board of Directors of and Change in Shareholding Pattern of the Company - M/s. Western Outdoor Interactive Pvt. Ltd., (Unit-II)

M/s. Western Outdoor Interactive Pvt. Ltd., (Unit-II) had submitted the application for Change in Board of Directors and Change in Shareholding Pattern of the Company as per the below provided details :

LIST OF DIRECTORS

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----- Start of picture text ----- Sr. List of Directors Pre List of Directors Post No. Name of Designation Appointment Name of Designation |Appointment Director & Cessation Director Date Date Suresh Additional 20.03.2020 Suresh Director 20.03.2020 padmanaban Director padmanaban 2. Nameeta Additional 29.12.2021 Periyanay Director 21.03.2022 Vishal Director (Date of Agam Chhabria Cessation) Vincent : 3. Periyanay Director 21.03.2022 Agam Vincent ----- End of picture text -----

LIST OF SHAREHOLDING PATTERN

|Pre List ofShareholding Pattern ofthecompany|Pre List ofShareholding Pattern ofthecompany|Pre List ofShareholding Pattern ofthecompany|Pre List ofShareholding Pattern ofthecompany|PostList ofShareholdingPattern ofthecompany|PostList ofShareholdingPattern ofthecompany|PostList ofShareholdingPattern ofthecompany|PostList ofShareholdingPattern ofthecompany|PostList ofShareholdingPattern ofthecompany|
|---|---|---|---|---|---|---|---|---|
|Name|No ofEquity <br>Shares||Amount of<br>Equity<br>Shares|%|Name|No ofEquity <br>Shares||Amountof<br>Equity<br>Shares||%|
|Anuva|1,92,000|19,20,000|89.30|Anuva Foreign|1,92,000|19,20,000|||89.30|
|Foreign||||HoldingLLC|||||
|Holding LLC|||||||||
|Global Eagle|pee AZ|2529,120|10.69|Global Eagle|2es912|2,29,720||10.69|
|Holdings||||Holdings|||||
|GmbH||||GmbH|||||
|VishalMohan|]|10|0.01|Suresh|1|10||0.01|
|Chhabria||||Padmanaban,|||||
|||||nominee|||||
|||||shareholder of|||||
|||||Anuvu Foreign|||||
|||||Holdings LLC|||||
|Decision:-|After deliberation, theCommitteeapproved theproposal forChange||||Change inBoardofDirectorsand|||and|
|Change inShareholding Pattern of thecompany in terms ofInstructionno 109 dated 18.10.2021. Further,<br>the Committee also directed the unit to comply with the following safeguards in terms of Instruction no.|||||||||
|109, dated|18.10.2021:-||||||||
|||||9||sf|v||
|||||||\|||

Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for the altered entity.
Fulfillment of all eligibility criteria applicable, including security clearances etc, by the altered entity and its constituents.
Applicability of and compliance with all Revenue/Company Affairs/SEBI etc. Acts/Rules which regulate issues like capital gains, equity change, transfer, taxability etc.
Full financial details relating to change in equity/ merger, demerger, amalgamation or transfer in ownerships etc. shall be furnished immediately to Member (IT&R), CBDT, Department of Revenue and to the jurisdictional Authority.
The Assessing Officer shall have the right to assess the taxability of the gain/loss arising out of the transfer of equity or merger demerger, amalgamation, transfer and ownerships etc. as may be applicable and eligibility for deduction under relevant sections of the Income Tax Act, 1961.
The applicant shall comply with relevant State Government laws, including those relating to lease of land, as applicable.
The applicant shall furnish details of PAN and jurisdictional assessing officer of the unit to CBDT.
The applicant shall be recognized by the new name or such arrangement in all the records.

Agenda Item No. 09 :- Application for Change in Shareholding Pattern of the Company - M/s. Course 5 Intelligence Pvt. Ltd.,

M/s. Course 5 International Pvt Ltd., had submitted the application for Change in Shareholding Pattern of the Company are provided as follows:-

LIST OF SHAREHOLDING PATTERN

|List ofShareholdingPattern|Pattern ofthecompany (as|Pattern ofthecompany (as|Proposed ListofShareholdingPattern of the|Proposed ListofShareholdingPattern of the|Proposed ListofShareholdingPattern of the|
|---|---|---|---|---|---|
|Per this office letter dated 08.08.2022||||company<br>as on||
|Name|No ofShares | % Share||Name|NoofShares |% Share Capital||
|||Capital||||
|Riddhymic<br>Technologies Pvt Ltd.,|1,98,91,528|19.4]|Riddhymic<br>Technologies Pvt|Le70lss2|19.03|
||||Ltd.,|||
|Ashwin Mittal|57,66,496||Ashwin Mittal|57,66,496||
|Riddhymic|2,/6;12,753|26.95|Riddhymic|27,612,753|28.10|
|Technoserve LLP|||TechnoserveLLP|||
|AM Family Private|2,47,17,568|24.12|AMFamily|2,27,88,396|23.19|
|Trust|||PrivateTrust|||

10 anWw

|Ajit Sankar|3,64,080|AjitSankar|3,49,157||
|---|---|---|---|---|
|PrashantBhatt<br>Suchitra|91,016 |a<br>1,82,040|Prashant Bhatt<br>SuchitraEswaran|87,908<br>175,822||: |<br>0.18|
|Eswaran|||||

LIST OF DIRECTORS

|||Designation|Date ofAppointment|DIN|
|---|---|---|---|---|
||Directors||||
||1__||Ashwin Ramesh Mittal|Managing Director<br>Managing Director|10.12.2003<br>30.06.2014|00041913<br>00041701|
|| 3 |AnupamMittal<br>_|_Additional Director<br>Sheila Mittal<br>Additional Director|||20.04.2021<br>09.12.2021|00233657<br>00041856|
||Vinati SarafMutreja|Additional Director|09.12.2021|00079184|
|| 6 ||VikasKhemani<br>SimonChadwick|Additional Director<br>AdditionalDirector|09.12.2021<br>09.12.2021|00065941<br>09411081|

Decision:- After deliberation, the Committee approved the proposal for Change in Shareholding Pattern of the company in terms of Instruction no 109 dated 18.10.2021. Further, the Committee also directed the unit to comply with the following safeguards in terms of Instruction no. 109, dated 18.10.2021:-

Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for the altered entity.
Fulfillment of all eligibility criteria applicable, including security clearances etc, by the altered entity and its constituents.
Applicability of and compliance with all Revenue/Company Affairs/SEBI etc. Acts/Rules which regulate issues like capital gains, equity change, transfer, taxability etc.

4, Full financial details relating to change in equity/ merger, demerger, amalgamation or transfer in ownerships etc. shall be furnished immediately to Member (IT&R), CBDT, Department of Revenue and to the jurisdictional Authority.

The Assessing Officer shall have the right to assess the taxability of the gain/loss arising out of the transfer of equity or merger demerger, amalgamation, transfer and ownerships etc. as may be applicable and eligibility for deduction under relevant sections of the Income Tax Act, 1961.
The applicant shall comply with relevant State Government laws, including those relating to lease of land, as applicable.
The applicant shall furnish details of PAN and jurisdictional assessing officer of the unit to CBDT.
The applicant shall be recognized by the new name or such arrangement in all the records.

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Agenda Item No. 10 :- Application for Change in Director and Change in Shareholding Pattern of the Company - M/s. Indojewel Jewellery Pvt. Ltd.,

M/s. Indojewel Jewellery Pvt Ltd., had submitted the application for Change in Director and Change in Shareholding Pattern of the Company are provided as follows:

LIST OF DIRECTORS

Sr. List of Directors before Change in List of Directors after Change in aDirector Director lL. Mehul Director 00368819 Mehul Director 00368819 Shah Shah Poe = ee Navinchandra Shah Bakulbhai Limbasiya 4, Chiragkumar Director 07984989 Karandeep Director 08437977 Limbasiya [* | Kawaljit Singh

LIST OF SHAREHOLDING PATTERN

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----- Start of picture text ----- No. Pattern Shares Shares Pe eT [eT] Navinchandra Diamonds LLP Shah 2. Nishita 5000 33.33% Mehul 5000 33.33% SSShah Shah Navinchnadra Navinchandra Shah Shah LLP ----- End of picture text -----

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Decision:- After deliberation, the Committee approved the proposal for Change in Directors and Change in Shareholding Pattern of the company in terms of Instruction no 109 dated 18.10.2021. Further, the Committee also directed the unit to comply with the following safeguards in terms of Instruction no. 109, dated 18.10.2021:-

Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for the altered entity.
Fulfillment of all eligibility criteria applicable, including security clearances etc, by the altered entity and its constituents.
Applicability of and compliance with all Revenue/Company Affairs/SEBI etc. Acts/Rules which regulate issues like capital gains, equity change, transfer, taxability etc.
Full financial details relating to change in equity/ merger, demerger, amalgamation or transfer in ownerships etc. shall be furnished immediately to Member (IT&R), CBDT, Department of Revenue and to the jurisdictional Authority.
The Assessing Officer shall have the right to assess the taxability of the gain/loss arising out of the transfer of equity or merger demerger, amalgamation, transfer and ownerships etc. as may be applicable and eligibility for deduction under relevant sections of the Income Tax Act, 1961.
The applicant shall comply with relevant State Government laws, including those relating to lease of land, as applicable.
The applicant shall furnish details of PAN and jurisdictional assessing officer of the unit to CBDT.
The applicant shall be recognized by the new name or such arrangement in all the records.
- The Committee also directed Unit to furnish a letter w.r.t. execution of the sub-lease agreement within 6 months time, failing which, action will be initiated on the said LOA.

Agenda Item No. 11:- Application for Mid-term Revision for remaining period of 4 years i.e. 2020-21 to 2023-24 - M/s. Enchanted Exports LLP.,

The unit had submitted the application for Mid-term Revision for remaining period of 4 years i.e. 2020-21 to 223-24 in terms of Rule 19 (2) of SEZ Rules 2006 and the details are as under :-

Projections:-

Particulars	Approved	Approved	Proposed Projection for4
	Projection	projection for 4	Years 2020-21 to 2023-24
	For five year	Years i.e. 2020-21	US$1=Rs. 70
	2019-20 to	to 2023-24
	2023-24
			Lakhs)
Exports<br>Cee[Oe<br>Machinery<br>Material	[Oe

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|Used/unused,|165|145|700||1,000|
|---|---|---|---|---|---|
|broken||||||
|jewellery of||||||
|remaining&||||||
|remelting||||||
|imports||||||
|Import of|76||1,188|-|1,697.71|
|Spares&||||||
|Consumables||||||
|Repatriation of||||||
|dividends and||||||
|profits to||||||
|foreign||||||
|collaborates||||||
|| Royalty|<br>ee<br>Know how fee<br>Ps a<br>ee<br>Drawing fees<br>Payment of<br>foreign||||||
|technicians||||||
|Payment on||||||
|training of||||||
|Indian tech.||||||
|Abroad<br>eee =|<br>export<br>ForeignTravel | 38 <br>Amount of|||32||||
|interest to be||||||
|paid onECB<br>“gee |<br>payment<br>exchangeoutgo||||||

Decision: After deliberation, the Committee approved the proposal of the unit for Mid-term Revision for remaining 4 years i.e. 2020-21 to 2023-24 in terms of Rule 19 (2) of SEZ Rules 2006 and also directed the Unit to clear rental dues immediately .

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Agenda Item No. 12:- Monitoring of Performance of M/s. Sidd’s Jewels Pvt Ltd.,

The unit has submitted the APR for the period 2020-21 duly certified by Chartered Accountant. The export and import data for the period 2020-21 was retrieved from NSDL for cross verification with data submitted by them in the APR and same has been found satisfactory.

Decision:- After deliberation, the Committee noted the performance of the unit for the period 2020-21, as the Unit had achieved positive NFE on cumulative basis in terms of Rule 54 of SEZ Rules 2006.

The Committee also directed :-

Unit to clear the outstanding rental dues within 15 days
Unit to execute the sub-lease agreement within 3 months time. > Unit to clear the pending foreign exchange earnings, failing which SO to initiate action. > SO to initiate action for issuance of Show Cause notice for delay in submission ofAPR .

Agenda Item No. 13 :- Monitoring of Performance of M/s. Elegant Collection

The unit has submitted the APR for the period 2019-20 duly certified by Chartered Accountant. The export and import data for the period 2019-20 was retrieved from NSDL for cross verification with data submitted by them in the APR and same has been found satisfactory.

Decision:- After deliberation, the Committee noted the performance of the unit for the period 2019-20, as the Unit had achieved positive NFE on cumulative basis in terms of Rule 54 of SEZ Rules 2006.

The Committee also directed the Unit to submit the additional BLUT.

Agenda Item No. 14:- Monitoring of Performance of M/s. Jasani Jewellery Unit-II

Decision:- After deliberation, the Committee noted the performance of the unit for the period 2019-20, as the Unit had achieved positive NFE on cumulative basis in terms of Rule 54 of SEZ Rules 2006.

The Committee also directed the Unit to submit the additional BLUT.

Agenda Item No. 15 :- Monitoring of Performance of M/s. Jewel Mark India Pvt Ltd

The unit has submitted the APR for the period 2020-21 & 2021-22 duly certified by Chartered Accountant. The export and import data for the period 2020-21 & 2021-22 was retrieved from NSDL for cross verification with data submitted by them in the APR and same has been found satisfactory.

Decision:- After deliberation, the Committee noted the performance of the unit for the period 2020-21 & 2021-22, as the Unit had achieved positive NFE on cumulative basis in terms ofRule 54 of SEZ Rules 2006.

15 Ase

Agenda Item No. 16:- Monitoring of Performance of M/s. SG Designs Pvt Ltd

Decision:- After deliberation, the Committee noted the performance of the unit for the period 2020-21, as the Unit had achieved positive NFE on cumulative basis in terms of Rule 54 of SEZ Rules 2006.

The Committee directed the Unit to clear the rental dues immediately.

Agenda Item No. 17 :- Monitoring of Performance of M/s. N Jewellery Techniques Pvt. Ltd (Trading unit)

The unit has submitted the APR for the period 2019-20 & 2020-21 duly certified by Chartered Accountant. The export and import data for the period 2019-20 & 2020-21 was retrieved from NSDL for cross verification with data submitted by them in the APR and same has been found satisfactory.

Decision:- After deliberation, the Committee noted the performance of the unit for the period 2019-20 & 2020-21, as the Unit had achieved positive NFE on cumulative basis in terms of Rule 54 of SEZ Rules 2006. The Committee directed the Unit to clear the rental dues immediately and also execute the sub-lease agreement within 3 months time.

Agenda Item No.18 :- Monitoring of Performance of M/s. The Jewellery Co.

The unit has submitted the APR for the period 2018-19 to 2020-21 duly certified by Chartered Accountant. The export and import data for the period 2018-1+9 to 2020-21 was retrieved from NSDL for cross verification with data submitted by them in the APR and same has been found satisfactory.

Decision:- After deliberation, the Committee noted the performance of the unit for the period 2018-19 to 2020-21, as the Unit had achieved positive NFE on cumulative basis in terms ofRule 54 of SEZ Rules 2006.

The Committee also directed :-

e SO to monitor the pending foreign exchange realization.

Agenda Item No. 19 :- Monitoring of Performance of M/s. Fine-Line Circuits Ltd (HTMU).

Decision:- After deliberation, the Committee noted the performance of the unit for the period 2020-21, as the Unit had achieved positive NFE on cumulative basis in terms of Rule 54 of SEZ Rules 2006.

The Committee also directed :-

e SO to initiate action for issuance of Show Cause Notice for delay in submission ofAPR. e Unit to expedite the execution of sub lease agreement.

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Agenda Item No. 20 :- Monitoring of Performance of M/s. C. J. Jewelleries Pvt Ltd

Decision:- After deliberation, the Committee noted the performance of the unit for the period 2020-21, as the Unit had achieved positive NFE on cumulative basis in ternis of Rule 54 of SEZ Rules 2006.

The Committee also directed SO to initiate action on issuance of Show Cause notice for delay in submission

ofAPR.

Agenda Item No. 21 :- Monitoring of Performance of M/s. Hurix Systems Pvt. Ltd.,

Decision:- After deliberation, the Committee noted the performance of the unit for the period 2020-21, as the Unit had achieved positive NFE on cumulative basis in terms of Rule 54 of SEZ Rules 2006.

Agenda Item No. 22 :- Monitoring of Performance of M/s. Sunflower Jewellery Pvt. Ltd.,

Decision:- After deliberation, the Committee noted the performance of the unit for the period 2019-20 & 2020-21, as the Unit had achieved positive NFE on cumulative basis in terms ofRule 54 of SEZ Rules 2006. The Committee also directed SO to initiate action for issuance in Show Cause notice for delay in submission ofAPR for the period 2020-21.

Agenda Item No. 23 :- Monitoring of Performance of M/s. Nexsales Solutions Pvt. Ltd.,

Agenda Item No. 24 :- Monitoring of Performance of M/s. Lorey Jewels

Decision:- After deliberation, the Committee noted the performance of the unit for the period 2020-21, as the Unit had achieved positive NFE on cumulative basis in terms of Rule 54 of SEZ Rules 2006.

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The Committee also directed :-

e SO to initiate action for issuance of Show Cause notice for delay in submission ofAPR.
e@ SO (Audit) to update on the closure of the CRA objection.

Agenda Item No. 25 :- Monitoring of Performance of M/s. Kallati Jewels

Decision:- After deliberation, the Committee noted the performance of the unit for the period 2020-21, as the Unit had achieved positive NFE on cumulative basis in terms ofRule 54 of SEZ Rules 2006.

The Committee also directed SO to initiate action for issuance of Show cause notice for delay in submission

of APR.

Agenda Item No. 26 :- Monitoring of Performance of M/s. Sitara Diamonds Pvt. Ltd.,

The unit has submitted the APR for the period 2021-22 duly certified by Chartered Accountant. The export and import data for the period 2021-22 was retrieved from NSDL for cross verification with data submitted by them in the APR and same has been found satisfactory.

Decision:- After deliberation, the Committee noted the performance of the unit for the period 2021-22, as the Unit had achieved positive NFE on cumulative basis in terms ofRule 54 of SEZ Rules 2006.

Agenda Item No. 27 :- Monitoring of Performance of M/s. Sitara Jewellery Pvt. Ltd.,

Decision:- After deliberation, the Committee noted the performance of the unit for the period 2019-20, as the Unit had achieved positive NFE on cumulative basis in terms of Rule 54 of SEZ Rules 2006.

The Committee also directed SO monitor the pending foreign exchange realization.

Agenda Item No. 28 :- Monitoring of Performance of M/s. Transasia Bio-Medicals Ltd.,

Decision:- After deliberation, the Committee noted the performance of the unit for the period 2021-22, as the Unit had achieved positive NFE on cumulative basis in terms of Rule 54 of SEZ Rules 2006.

Agenda Item No. 29 :- Monitoring of Performance of M/s. ACE Software Solutions India Pvt. Ltd.,

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Decision:- After deliberation, the Committee noted the performance of the unit for the period 2019-20, as the Unit had achieved positive NFE on cumulative basis in terms of Rule 54 of SEZ Rules 2006.

The Committee also directed :-

e Unit to clear the Outstanding rental dues by 31.10.2022. e Unit to expedite the execute the sub lease agreement within 2 months time.

Agenda Item No. 30 :- Monitoring of Performance of M/s. Shantivijay Jewels Ltd.,

Decision:- After deliberation, the Committee noted the performance of the unit for the period 2020-21, as the Unit had achieved positive NFE on cumulative basis in terms of Rule 54 of SEZ Rules 2006.

Agenda Item No. 31 :- Monitoring of Performance of M/s. Jinai Jewels Pvt Ltd.,

The unit has submitted the APR for the period 2015-16 to 2019-20 & 2020-21 duly certified by Chartered Accountant. The export and import data for the period 2015-16 to 2019-20 & 2020-21 was retrieved from NSDL for cross verification with data submitted by them in the APR and noticed that the Unit was not functional.

Decision:- After deliberation, the Committee noted NIL performance of the unit for the period 2015-16 to 2019-20 & 2020-21.

Meeting ended with the vote of thanks to the Chair.

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