Minutes of the Approval Committee meeting of SEEPZ-SEZ held on 01.11.2023
MINUTES OF 180TH MEETING OF THE APPROVAL COMMITTEE FOR SEEPZ SEZ HELD UNDER THE CHAIRMANSHIP OF DEVELOPMENT COMMISSIONER ON 01st NOVEMBER, 2023. Z ZZ 1 Shri. C. P. S. Chauhan Jt.Development Commissioner SEEPZ-SEZ. 2 Shri. LeiderPanicker Joint Commissioner Nominee oIncome Tax Ofice, Mumbai. 3 Shri. Himanshu Dhar Pandey Deputy Director Nominee othe DGFT, Mumbai. 4 Smt. Kirti Deshmukh Deputy Director Industries Nominee oDirectorate oIndustries, Mumbai. 5 Smt. Sunita Jagtap Superintendent o Customs Nominee oCommissioner oCustoms, General, Air Cargo, Sahar. ZZ Z Z Shri. Hanish Rathi, ADC (SEEPZ-SEZ &, New- SEZ), Shri. Manish Kumar, ADC (New-SEZ), Shri. Palash Shankar, ADC, (New-SEZ), Smt. Rekha Nair, Assistant and Shri. Ravindra Kumar, Assistant also attended or assistance and smooth unctioning othe meeting. The Minutes othe meeting held on 06.10.2023 were confirmed with consensus. The unit has submitted the application or Capacity Enhancement along with Renewal oLOA or urther period o5 years i.e. 2023-24 to 2027-28 w.e.15.09.2023 to 14.09.2028 as per details below :- File No.S-SEZ-11/11/2021-SEEPZ-SEZ
() (= ) (= ) Rs. In Cr. US'000 Rs. In Cr. US'000 1. FOB value oexports 2. Import oMachinery 4.25 559.21 1.5 182.92 3. Import oRaw Material and components 623.55 82,046.00 1060.5 129,329.26 4. C.I.F. value oRemaking/New Broken/ re- manuacturing jewellery 2.975 391.44 21.21 2,586.58 6. Import oSpares & Consumables 6.08 800.00 15.15 1,847.56 7. Repatriation odividends and profits to oreign collaborates 8. Royalty 9. Lumpsum Know how ee 10. Design & Drawing ees 11. Payment ooreign technicians 12. Payment on training oIndian tech. abroad 13 Commission on export 2.825 371.71 1.75 213.41 14. Foreign Travel 0.6 78.94 5.00 609.75 15. Amount ointerest to be paid on ECB 16. Any other payment 1.9 250.00 1.75 213.41 17. () 18. NFE () • Capacty Eaceet Plain & Studded Gold / Platinum / Silver Jewellery 115000.00 PCS 300000.00 PCS Ater deliberation, the Committee approved the proposal ounit or capacity enhancement in terms oRule 19 (2) oSEZ Rules 2006The Committee observed that renewal oLOA is to be processed by Development Commissioner under Rule 19 (6) oSEZ Rules 2006. () – ] M/s. Western Outdoor Interactive Pvt. Ltd (Unit-I) had submitted the application or change o Board oDirectors and Shareholding Pattern othe Company. The details are as ollows:
() () Name oDirector Designa- tion Appointment/ Resignation Date Name o Director Designation Appointment/Resign ation Date 1 Periyanayagam Vicent Director 21.03.2022 Periyanayagam Vicent Director 21.03.2022 2 Chakrapani Saranya Director Date o Cessation 21.07.2023 Chakrapani Saranya
3
Robert Jason Everett Directors 21.07.2023 () () 1 Anuvu Foreign Holdings LLC 1,92,000 19,20,000 89.31% 1,92,000 19,20,000 89.31% 2 Global Eagle Holdings GmBH 22,972 2,29,720 10.68% 22,972 2,29,720 10.68% 3 Suresh Padmanaban 1 10 0.01%
4 Periyanayagam Vincent
1 10 0.01% : Ater deliberation, the Committee approved the proposal othe unit or change oBoard o Directors and Shareholding Pattern othe Company in terms oMOC&I Instruction no. 109 dated 18.10.2021. Further, the Committee also directed the Unit to comply with the ollowing saeguards in terms oInstruction no. 109, dated 18.10.2021:- Z &
() ] M/s. Western Outdoor Interactive Pvt. Ltd (Unit-II) had submitted the application or change o Board oDirectors and Shareholding Pattern othe Company. The details are as ollows: () () Name o Director Designation Appointment / Resignation Date Name o Director Designation Appointment/Resignation Date 1 Periyanayagam Vicent Director 21.03.2022 Periyanayagam Vicent Director 21.03.2022 2 Chakrapani Saranya Director Date o Cessation 21.07.2023 Chakrapani Saranya
3
Robert Jason Everett Directors 21.07.2023 () () 1 Anuvu Foreign Holdings LLC 1,92,000 19,20,000 89.31% 1,92,000 19,20,000 89.31% 2 Global Eagle Holdings GmBH 22,972 2,29,720 10.68% 22,972 2,29,720 10.68% 3 Suresh Padmanaban 1 10 0.01%
4 Periyanayagam Vincent
1 10 0.01% : Ater deliberation, the Committee approved the proposal othe unit or change oBoard o Directors and Shareholding Pattern othe Company in terms oMOC&I Instruction no. 109 dated 18.10.2021. Further, the Committee also directed the Unit to comply with the ollowing saeguards in terms oInstruction no. 109, dated 18.10.2021:- Z
& The unit had submitted application or Change in the constitution othe firm rom M/s Veera Luxury to M/s Veera Luxury India Pvt. Ltd and the details are as under:- 1 Mr. Kunal Hareshkumar Doshi Partner Mr. Kunal Hareshkumar Doshi Director 01127161 2 Mrs. Rachna Gautam Parekh Partner Mr. Gautam Bipinchandra Parekh Director 01755528 3 Mr. Neel Prashant Doshi Partner Mr. Arrya Gautam Parekh Director 08180749 Sr. No Name oPartners in M/s Veera Luxury Profit Sharing Ratio Beore Name Change Sr. No Name oDirectors in M/s Veera Luxury India Pvt. Ltd Profit Sharing Ratio Ater Name Change 1 Mr. Kunal Hareshkumar Doshi 40% 1 Mr. Kunal Hareshkumar Doshi 25% 2 Mrs. Rachna Gautam Parekh 40% 2 Mrs. Malti Haresh Doshi 25% 3 Mr. Neel Prashant Doshi 20% 3 Mr. Arrya Gautam Parekh 25%
4 Mr. Neel Prashant Doshi 25% : Ater deliberation, the Committee approved the proposal othe unit or Change in the constitution othe firm rom M/s Veera Luxury to M/s Veera Luxury India Pvt. Ltd in terms oMOC&I Instruction no. 109 dated 18.10.2021. Further, the Committee also directed the Unit to comply with the ollowing saeguards in terms oInstruction no. 109, dated 18.10.2021:- Z
& The unit has submitted the APR or the period 2021-22 duly certified by Chartered Accountant. The export and import data or the period 2021-22 was retrieved rom NSDL or cross verification with data submitted by them in the APR and same has been ound satisactory. Ater deliberation, the Committee noted the perormance othe unit or the period 2021-22, as the unit had achieved positive NFE on cumulative basis in terms oRule 54 oSEZ Rules 2006. • The unit has submitted the APR or the period 2021-22 & 2022-23 duly certified by Chartered Accountant. The export and import data or the period 2021-22 & 2022-23 was retrieved rom NSDL or cross verification with data submitted by them in the APR and same has been ound satisactory. Ater deliberation, the Committee noted the perormance othe unit or the period 2021-22 & 2022-23, as the unit had achieved positive NFE on cumulative basis in terms oRule 54 oSEZ Rules 2006. The unit has submitted the APR or the period 2021-22 duly certified by Chartered Accountant. The export and import data or the period 2021-22 was retrieved rom NSDL or cross Ater deliberation, the Committee noted the perormance othe unit or the period 2021-22, as the unit had achieved positive NFE on cumulative basis in terms oRule 54 oSEZ Rules 2006. •
The unit has submitted the APR or the period 2021-22 duly certified by Chartered Accountant. The export and import data or the period 2021-22 was retrieved rom NSDL or cross Ater deliberation, the Committee noted the perormance othe unit or the period 2021-22, as the unit had achieved positive NFE on cumulative basis in terms oRule 54 oSEZ Rules 2006. • The unit has submitted the APR or the period 2022-23 duly certified by Chartered Accountant. The export and import data or the period 2022-23 was retrieved rom NSDL or cross Ater deliberation, the Committee noted the perormance othe unit or the period 2022-23, as the Unit had achieved positive NFE on cumulative basis in terms oRule 54 oSEZ Rules 2006. • Z () The unit has submitted the APR or the period 2021-22 duly certified by Chartered Accountant. The export and import data or the period 2021-22 was retrieved rom NSDL or cross Ater deliberation, the Committee noted the perormance othe unit or the period 2021-22, as the Unit had achieved positive NFE on cumulative basis in terms oRule 54 oSEZ Rules 2006. • The unit has submitted the APR or the period 2020-21 & 2021-22 duly certified by Chartered Accountant. The export and import data or the period 2020-21 & 2021-22 was retrieved rom NSDL or cross verification with data submitted by them in the APR and same has been ound
satisactory. Ater deliberation, the Committee noted the perormance othe unit or the period 2020-21 & 2021-22, as the Unit has achieved positive NFE on cumulative basis in terms oRule 54 oSEZ Rules 2006. • & The unit has submitted the APR or the period 2020-21 & 2021-22 duly certified by Chartered Accountant. The export and import data or the period 2020-21 & 2021-22 was retrieved rom NSDL or cross verification with data submitted by them in the APR and same has been ound satisactory. Ater deliberation, the Committee noted the perormance othe unit or the period 2020-21 & 2021-22, as the Unit has achieved positive NFE on cumulative basis in terms oRule 54 o SEZ Rules 2006. • Specified Oficer to initiate action or issuance oShow Cause Notice or delay in submission oAPR or 2 years i.e. 2020-21 & 2021-22 () The unit has submitted the APR or the period 2021-22 duly certified by Chartered Accountant. The export and import data or the period 2021-22 was retrieved rom NSDL or cross Ater deliberation, the Committee noted the perormance othe unit or the period 2021-22, as the Unit has achieved positive NFE on cumulative basis in terms oRule 54 oSEZ Rules 2006. • () The unit has submitted the APR or the period 2022-23 duly certified by Chartered Accountant. The export and import data or the period 2022-23 was retrieved rom NSDL or cross Ater deliberation, the Committee noted the perormance othe unit or the period 2022-23, as the Unit has achieved positive NFE on cumulative basis in terms oRule 54 oSEZ Rules 2006. • Committee also directed the Unit to clear the outstanding rental dues. The unit has submitted the APR or the period 2020-21 and 2021-22 duly certified by
Chartered Accountant. The export and import data or the period 2020-21 and 2021-22 was retrieved rom NSDL or cross verification with data submitted by them in the APR and same has been ound satisactory. Ater deliberation, the Committee noted the perormance othe unit or the period 2020-21 and 2021-22, as the Unit had achieved positive NFE on cumulative basis in terms oRule 54 o SEZ Rules 2006. • The unit has submitted the APR or the period 2022-23 duly certified by Chartered Accountant. The export and import data or the period 2022-23 was retrieved rom NSDL or cross Ater deliberation, the Committee noted the perormance othe unit or the period 2022-23, as the Unit had achieved positive NFE on cumulative basis in terms oRule 54 oSEZ Rules 2006. The meeting ended with the vote othanks to the Chair. ()
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