Minutes of the Approval Committee meeting of SEEPZ-SEZ held on 31.01.2023

MINUTES OF THE MEETING OF THE APPROVAL COMMITTEE FOR SEEPZ SEZ HELD UNDER THE CHAIRMANSHIP OF DEVELOPMENT COMMISSIONER ON 31ST JANUARY, 2023 THROUGH VIDEO CONFERENCING.

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1. Name of the SEZ : SEEPZ-SEZ
2. Meeting No. : 171st
   3. Date : 31st January, 2023

Members Present:

Sr. No. Name of Members Designation Organization 1 Shri. C. P. S. Chauhan Jt. Development Commissioner, SEEPZ-SEZ. 2 Shri. Harmesh Lal

Joint Commissioner, Income Tax Nominee of Income Tax office, Kautilya Bhawan, Bandra, Mumbai. 3 Shri. Haroon Bilal Deputy Director Nominee of the DGFT, Mumbai. 4 Smt. Kirti Deshmukh Deputy Director Industries Nominee of Directorate of Industries, Mumbai. 5 Dr. M. Prabhakar Asstt. Commissioner, Customs Nominee of Commissioner of Customs, General, Air Cargo, Sahar. 6 Shri. Indrajeet Deshmukh Field Officer Nominee of MPCB, Mumbai.

Special Invitee:-

1. Shri. Anil Chaudhary : Specified Officer, SEEPZ-SEZ

    Smt. Bridget Joe, EA to DC/Estate Manager/(SEEPZ-SEZ), Shri. Haresh K.
   

Dahilkar, ADC (New-SEZ), Shri. Raju Kumar, ADC (New-SEZ), Smt. Rekha Nair, Assistant and Shri. Ravindra Kumar, Assistant also attended for assistance and smooth functioning of the meeting.

Agenda Item No. 01:

Confirmation of the Minutes of the

170

th
Meeting held

                            on 30.12.2022

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The Minutes of the meeting held on 30.12.2022 were confirmed with consensus. File No.S-SEZ-11/11/2021-SEEPZ-SEZ

Agenda Item No. 2 : Application for w.r.t. Mid-term Revision for remaining

period of 3 years i.e. 2022-23 to 2024-25 of M/s.

                           Jewelex

India Pvt. Ltd (Unit-II)

      M/s. Jewelex India Pvt. Ltd (Unit-II) has submitted application for Mid-term

projection for remaining 3 years i.e. 2022-23 to 2024-25 due to increase in the Projections on additional import & export and the details are as under : Projections : (Figs. Rs. in lakhs)

Sr. NO. Particulars Approved Existing Projection For five year 2020-21 to 2024-25 Approved Existing projection for 3 Years i.e. 2022-23 to 2024-25 Proposed for Mid –term Revised Projection for 3 Year 2022-23 to 2024-25 US $ 1 = Rs. 70.00/-

(Rs. In Lakhs)

(Rs. In Lakhs) (Rs. In Lakhs) (US$ ‘000’)

1. FOB value of Exports 2,13,452.00 1,28,570.00 2,57,140.00 3,67,342.85

Import of Machinery 799.00 479.00 793.00 1,132.85 3. Import of Raw Material and components 1,70,680.00 1,03,080.00 1,99,226.00 2,84,608.57 4. Assorted jewellery for remaking & remelting as Raw material 11,837.00 7,288.00 21,510.00 30,728.57 5. Import of Spares & Consumables 1,502.00 923.00 1,846 2,637.14 6. Repatriation of dividends and profits to foreign collaborates

Royalty

8. Lumpsum Know how fee

Design & Drawing fees

Payment on training of Indian tech. Abroad

Commission on export 3,584.00 2,157.00 2,400.00 3,428.57 12. Foreign Travel 390.00 234.00 375.00 535.71 13 Amount of interest to be paid on ECB

14 Any other payment 271.00 165.00 225.00 321.42 15. Total (2 to 14) 1,89,063.00 1,14,326.00 2,26,375.00 3,23,392.85 16. NFE (1-15) 24,389.00 14,244.00 30,765.00 43,950.00

Decision:- After deliberation, the Committee approved the proposal for mid-term projection of 3 years i.e. 2022-23 to 2024-25 in terms of Rule 19 (2) of the SEZ Rules 2006.

Agenda Item No. 3 : Application received for permission for Third Party Repair of

                            M/s. Stellar Jewelry 

     M/s. Stellar Jewelry had submitted the application for permission for Third Party

Repair with o change in the projections and an anticipated volume per annum as under:

Sr. No. Description of Items PCS to be Repaired Approx. Labour Charges 1. Plain and Studded Gold/Silver/Platinum and Palladium Jewellery. Base, Metal (Steel/Copper/Brass/Titanium/Tungsten) clad with precious metal either unstudded or studded with Diamond, colour stone, CZ and synthetic Stone. 7000 Pieces Apprx. $ 70,000.00

Projections:

Sr. No.

Approved Existing projection for 5 years 2020- 21 to 2024-25 Approved Existing projection for 4 year prior to addl. location 2021-22 to 2024-25 Approved Existing projection on Additional Location for 4 years 2021-22- 2024-25 Proposed for 4 years 2021-22 to 2024-25
(1US$ = Rs. 73) Rs. In Lakhs Rs. In Lakhs Rs. In Lakhs Rs. In Lakhs US'000

1. FOB value of exports 56,000.00 45,500.00 88,500.00 88,500.00 121,232.88
2. Import of Machinery 25.00 20.00 220.00 220.00 301.37
3. Import of Raw Material and components 47,800.00 38,800.00 67,800.00 64950.00 88972.60
4. Third Party repairs Import of Jewellery

2850.00 3904.11 5. Import of Spares & Consumables

280.00 280.00 383.56 6. Repatriation of dividends and profits to foreign collaborates

7. Royalty

8. Lumpsum Know how fee

9. Design & Drawing fees

10. Payment of foreign technicians

11. Payment on training of Indian tech. abroad

12. Commission on export

13. Foreign Travel

14. Amount of interest to be paid on ECB

15. Any other payment

16. Total (2 to 15) 47,825.00 38,820.00 68,300.00 68,300.00 93,561.64
17. NFE (1-16) 8,175.00 6,680.00 20,200.00 20,200.00 27,671.23

Decision :- After deliberation, the Committee approved the proposal of the unit for Third Party Repair for manufacturing and export of Plain & Studded Gold/Silver/Platinum and Palladium Jewellery. Base, Metal (Steel/Cooper/Brass/Titanium/Tungsten) clad with precious metal either unstudded or studded with Diamond, colour stone, CZ and synthetic stone and subject to compliance of Instruction No. 51 dated 25.03.2010 issued by MOC&I read with Public Notice No. 01/2010 dated 08.04.2010 and Corrigendum dated 26.04.2010.

Agenda Item No. 4: Proposal for Monitoring of Performance of the unit M/s.

                          Portescap India Pvt. Ltd for the period of 2 years i.e.2020-21 & 
                          2021-22

        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 of Rule 54 of SEZ Rules 2006. The Committee also directed the Unit to expedite the registration of sub-lease agreement within 3 months week in terms of proviso of Rule 18 (2) (ii) of the SEZ Rule 2006, failing which, action will be initiated as per SEZ Rules 2006.

Agenda Item No. 5: Proposal for Monitoring of Performance of the unit M/s.

                           Tata  Consultancy  Services  (Unit-I)  for  the  period  of  1 year  i.e.


                          2021-22

   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 of Rule 54 of SEZ Rules 2006. The Committee also directed the Unit to expedite the registration of sub-lease agreement within 3 months week in terms of proviso of Rule 18 (2) (ii) of the SEZ Rule 2006, failing which, action will be initiated as per SEZ Rules 2006.

Agenda Item No. 6: Proposal for Monitoring of Performance of the unit M/s.

                            Tata  Consultancy  Services  (Unit-II)  for  the  period  of  1  year


                           i.e. 2021-22

        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 of Rule 54 of SEZ Rules 2006. The Committee also directed the Unit to expedite the registration of sub-lease agreement within 3 months week in terms of proviso of Rule 18 (2) (ii) of the SEZ Rule

2006, failing which, action will be initiated as per SEZ Rules 2006.

Agenda Item No. 7: Proposal for Monitoring of Performance of the unit M/s.

                          Simic Electronics Pvt. Ltd for the period of 1 year i.e. 2021-22
    
   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 of Rule 54 of SEZ Rules 2006.

Agenda Item No. 8: Proposal for Monitoring of Performance of the unit M/s.

                        Allied Digital Services Ltd (Unit-405) for the period of 1 year i.e.  
                        2021-22         
   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 of Rule 54 of SEZ Rules 2006.

Agenda Item No. 9: Proposal for Monitoring of Performance of the unit M/s.

                        Allied  Digital  Services  Ltd  (Unit-406)  for  the  period  of  1  year  i.e.  
                         2021-22   
  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 of Rule 54 of SEZ Rules 2006.

Agenda Item No. 10: Proposal for Monitoring of Performance of the unit M/s.

                            Asian  Star  Company  (Unit-G-23),  G  &  J,  Complex-III  for  the  


                            period of 1 year i.e. 2020-21

  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 Meeting ended with the vote of thanks to the Chair.


                                Chairperson-cum-Development Commissioner,

SEEPZ SEZ.