Minutes of the Approval Committee meeting of SEEPZ-SEZ held on 31.05.2024
31 ाआ अ 18 ७ृ MINUTES OF 187th MEETING OF THE APPROVAL COMMITTEE FOR SEEPZ SEZ HELD UNDER THE CHAIRMANSHIP OF DEVELOPMENT COMMISSIONER ON 31st MAY, 2024.
िाई Date ३१.०५.२०२४ 31.05.2024 उसाो: Members Present: ाआ, Jt. Development Commissioner, ाज़-ाज़ SEEPZ-SEZ. 2 व. Shri. Harmesh Lal ाआआ Joint Commissioner Income Tax आ, िफ Deputy Director DGFT िफ, उ Director of Industries उाआ, ओिअध Superintendent of Customs ा, ााआ, ाज़-ाज़ Deputy Development Commissioner, SEEPZ-SEZ . , िा(ाज़-ाज़), ााऔािभ Shri. Hanish Rathi, ADC (SEEPZ-SEZ), Smt. Rekha Nair, ADC (SEEPZ-SEZ), and Ms. Divyanshi Goyal, LDC also attended for assistance and smooth functioning of the meeting.
ाृ
ो 29.04.2024 आ186 ृााअध 2023-2024 ा2024-25 िअअधअस2023-24 ा2027-28 ासैं, तस, तसऔ; . ाअ, ा फआभयि अध फस- फऊऔ उतोयिउभआभयव ाअफभअछ ाउयि ािल ास छ2 िआभय आडिािसड आभयास-ास ा अअ135 ई सािअो यऔिैयासखै इािफइाउबधि ाि ोा51 िभ स : - औउाोउ ि b) िाईअा ाोभई1 भ Decision: After detailed deliberation, Committee approved the following – (a) Asked the Unit to provide a detailed itemwise bifurcation of the capacity enhancement and on submission and examination of the same, approve their capacity enhancement (b) Broad banding of proposed item in terms of Rule 19 (2) of SEZ Rules2006 (c) Third party repair in terms of Instruction no. 51 dt. 25.03.2010 (d) Unit to expedite the registration of sub-lease agreement within 1month and (e) Unit to expedite the clearance of pending foreign exchange realization within 3 months time सचवइ. 03: ब. जव एएव- स- II 1 अ व2024-25 एक ध इएआग। Agenda No. 03: Application recived from M/s. Zenstar Jewellery LLP - Unit - II for Mid-term Revision of projection for remaining period of 1 year i.e. 2024-25. 1 अध2024-25 िसऔमाै
- :
M/s. Zenstar Jewellery LLP - Unit - II had submitted the
application for Mid-term Revision for remaining period of 1 year
i.e. 2024-25 due to increase in the projections on additional
import and exports and the details are as under :-
1 अध2024-25 ि
अिओचआ
Import of Raw Material and
components
481.50
163.50
170.00
20481.93
4.
चऔ
आ
Import of Spares &
Consumables
4.80
1.60
2.50
301.20
6.
ोायभऔ
भत
Repatriation of dividends and
profits to foreign collaborates
लफRoyalty
ि Lumpsum Know how fee
इऔ्इलDesign & Drawing fees
भ
भो Payment on training of Indian tech. AbroadAmount of interest to be paid on ECB
14 ईअभAny other payment 2.00 0.50 1.00 120.48 15. (2 ा
14) Total (2 to 14) 501.95 169.35 187.00 22530.12 16. ििई(1-15) NFE (1-15) 118.05 40.65 38.00 4578.31 :- -ोयसऔमाै: – M/s. Praxis Interactive Services Pvt. Limited had submitted the application for Change in Directors & Change in Shareholding Patterns of the Company and the details are as under:- • ोयऔधफ मा: • The details of the Directors and shareholding pattern are as under : Sr. No. 24.05.2024 इवमस शसचव List of existing Directors of the company as Before 24.05.2024 24.05.2024 इव मसशसचव List of existing Directors of the company After 24.05.2024 Name of Director Designation Name of Director Designation मीि Maurice Haeems Director वि Nina Haeems Director दव आइग Venkatesan Seshdri Iyengar Director वतक Radha Sitaraman Director वि Nina Haeems Directorवतक Radha Sitaraman Director
वतक Radha Sitaraman Director
सएइपचतीतबक: - Details of Pre & Post Shareholding patterns of the company :
24.05.2024 इव ्लडइगबसचव 24.05.2024 इव ्लडइगबसचव
List of Shareholding Pattern of the company Before 24.05.2024 List of Shareholding Pattern of the company After 24.05.2024 श Name of the Share holders श इख No. of Share s सल( र .) Value (Rs.) % % of Shar e श Name of the Share holders श इख No. of Share s सल( र .) Value (Rs.) % % of Shar e व.आ. वत फबव टTR. Sitrama n Family Trust 5000 50,000 50 % व.आ. वत फबव टTR. Sitrama n Family Trust 5000 50,000 50 % ए ि Alysha Haeems 1000 10,000 10% एि Alysha Haeems 1000 10,000 10 % वज़ ि Neil Zafar Haeems 1000 10,000 10 % वज़ ि Neil Zafar Haeems 1000 10,000 10 % ि Raviv Haeems 1000 10,000 10 % ि Raviv Haeems 1000 10,000 10 % मीि Maurice Haeems 2000 20,000 20 % मीि Maurice Haeems 1000 10,000 10 %
ऐवि Anne Haeems 1000 10,000 10 % Total 10,00 0 1,00,00 0 100 % Total 10,00 0 1,00,00 0 100 % : - 18.10.2021 ाोभधफईोा 109, ो18.10.2021 ाोभभोो Decision : After deliberation, the Committee approved the proposal of the unit for Change in Directors & Change in Shareholding Patterns of the Company in terms of MOC&I Instruction no. 109 dated 18.10.2021. Further, the Committee also directed the Unit to comply with the conditions in terms of Instruction no. 109, dated 18.10.2021. ाास िआो 74 of SEZ Rules, 2006. फिस (घ) ािाईासोय इा:- The details of Directors of both the firms are as follows: ोया: - LIST OF DIRECTORS OF THE COMPANY :- अा M/s. Praxis Interactive Services Pvt. Limited as on date अा M/s. Sunjewels Pvt. Ltd. as on date ो Director बष Shishir Blakrishna Nevatia ो Director धा Kapil Shishir Nevatia ो Director
Neeraj Shishir Nevatia ो Director
ष Chander Prakash Gurnani ो Director
फधफइा -: The details of Shareholding Pattern of both the firms are as follows:-
धफा
- : LIST OF SHAREHOLDING PATTERN OF THE COMPANY :- अा धफ %Shareholding Pattern as on date % of Share धय अा धफ Shareholding Pattern as on date % of Share फ.आ. ािा. Mr. Kapil S. Nevatia 32.20 % ा Raviv Haeems 10 % िा. Mr. Neeraj S. Nevatia 32.20 % Total 100 % ि 2024-25 M/s. Praxis Interactive Services Pvt. Limited Approved for 1 year 2024-25 2024-25 M/s. Sun jewels Pvt. Ltd. Approved for 1 year 2024-25 ि 2024-25 अा डडिओचआImport of Raw Material and components
- औोायभ and profits to foreign collaborates
- लफ Royalty
- ि Lumpsum Know how fee 0.16
- ज़इऔ्इल Design & Drawing fees
244.50 271.50 32,710.84 4. ािउभगात Repatriation of dividends
10 . ो य भ Payment of foreign technicians
1.80 2.10 253.01 11 . ो भ Payment on training of Indian tech. abroad
12 . ब Amount of interest to be paid on deferred payment credit
16 . ईअभ Any Other Payment 0.33 5.70 6.30 759.04 17 (2 ा16) Total (2 to 16) 0.77 273.78 312.98 37,708.43 18 . ििई(1-16) NFE (1-16) 4.51 296.22 317.02 38,195.18 : - ाृयऔोोयाभोोऔा भअधालाउअषो आि Decision: After deliberation, the Committee approved the proposal for transfer of assets and liabilities of M/s. Praxis Interactive Services Pvt. Limited into M/s. Sunjewels Pvt. Ltd in terms of Rule 19(2) read with 74A and Rule 74 of SEZ Rules, 2006. Committee also directed M/s. Praxis Interactive to initiate Exit under Rule 74 of SEZ Rules 2006 and also requested M/s. Sunjewels __ to initiate execution of sub-lease agreement consequent to the said approval. ाअधाि आअाुि Agenda Item No. 06 : Proposal of M/s. Ammnate Jewells LLP for Additional Services required for their Authorized Operations. अाुिअधईइई ोििअााु ़लफाअआ: The unit requested for Additional Services which are not covered under default list of services as per details given below:
ास-ासिाईईिाािाो Membership in various export promotion associations as well as SEEPZ Association. 2 वााािए Business Auxiliary Services ाुअआै Commission and other intermediary services falls under Business Auxiliary services. : -सोऔफ अधािइाु आिऔत ोो Decision: After deliberation,The unit has liberty to take membership of various membership with tax payment.If unit want to claim the tax benefit then they should submit justification report. the Committee deferred the proposal for additional services and directed the unit to submit detailed justification for requirement of these services for the authorized operations. ाउअधा िआअाुि. Agenda Item No 07: Proposal of M/s. Fine-Line Circuits Limited (Unit-I) for Additional Services required for their Authorized Operations अाुिअधईइई ोििअााु ़लफाअआ: The unit requested for Additional Services which are not covered under default list of services as per details given below: ाध भि िाईइईअधिो, ाअधािआाि अिैइाि, अाु खो Decision: After deliberation, the Committee explained that the services required for the authorized operations will only be permissible and in the subject case, the services are for the employees. Hence, rejected the proposal for additional services. ाउअधा िआअाुि Agenda Item No 08 : Proposal of M/s. Fine-Line Circuits Limited (HTMU) for Additional Services required for their Authorized Operations. अाुिअधईइई ोििअााु ़लफाअआ: The unit requested for Additional Services which are not covered under default list of services as per details given below:
ाध भि िाईइईअधिो, ाअधािआाि अिैइाि, अाु खो Decision: After deliberation, the Committee explained that the services required for the authorized operations will only be permissible and in the subject case, the services are for the employees. Hence, rejected the proposal for additional services. ाईमखअा: The unit submitted application for Third Party Repair as per the following details : आध Details of Quality & Labour charges towards repair on annual basis. Description of items to be Repaired ािा Approx Labour Charges अासड/ाोा, ो, फो, ाअोा51 सो 08.04.2010 ा फा ा 01/2010 औ26.04.2010 उाआ अ Public Notice no. 01/2010 dated. 08.04.2010 and a corrigendum to that effect on 26.04.2010. ाईमखअा: The unit submitted application for Third Party Repair as per the following details : आध Details of Quality & Labour charges towards repair on annual basis. Description of items to be Repaired ािा Approx Labour
Repaired Charges ाोऔडऊ- ा, ो, फा, तस, ा, ईहई The Committee observed that there is no increase in the projections on third party repair. : -सोसइई धादो ो Decision: The committee examined report and realised that after adding this additional activity the proposed projection are shown lesser than previous projection report After deliberation, the Committee deferred the proposal and directed the Unit representative to submit revised projections for third party repair. ाो1 अध 2022-23 ि. Agenda Item No. 11 : Monitoring Performance of M/s Quinnox Consultancy Services Ltd, Unit no. 48A, SDF-II & Unit no. 170 A & B, 170 C, SDF-VI, 171 B, 171 C, SEEPZ-SEZ for the period of 1 year i.e. 2022-23 फफिउफफदध ि िआअध िऔआफििाि ािआास ािस औइाा The unit has submitted the APR for the period 2022-23 duly certified by Chartered Accountant. The export and import data for the period 2022-23 was retrieved from NSDL for cross verification with data submitted by them in the APR and same has been found satisfactory. : -िफो फ, यफSEZ ाोभNFE ास Decision: After deliberation, the Committee noted the performance of the unit for the period 2022-23, as the unit had achieved positive NFE on cumulative basis in terms of Rule 54 of SEZ Rules 2006. ाो 1 अध 2022-23 ि . Agenda Item No. 12 : Monitoring Performance of M/s Quinnox Consultancy Services Ltd, Unit no. 107, Multistoried Building, SEEPZ-SEZ for the period of 1 year i.e. 2022-23 फफिउफफदध ि िआअध िऔआफििाि ािआास ािस औइाा The unit has submitted the APR for the period 2022-23 duly certified by Chartered Accountant. The export and import data for the period 2022-23 was retrieved from NSDL for cross verification with data submitted by them in the APR and same has been found satisfactory. : -िफो Decision: After deliberation, the Committee noted the performance of the unit for the period 2022-23, as the unit had achieved positive
फ, यफSEZ ाोभNFE ास NFE on cumulative basis in terms of Rule 54 of SEZ Rules 2006. ाो4 अध2019-20 ा2022-23 ि. Agenda Item No. 13 : Monitoring Performance of M/s Bombay Jewellery Manufacturers, Unit no. G-47, G & J Complex-I, SEEPZ- SEZ for the period of 4 years i.e. 2019-20 to 2022-23 फफिउफफदध ििआअधिऔ आफििािािआासा िसऔइाा The unit has submitted the APR for the period 2019-20 to 2022-23 duly certified by Chartered Accountant. The export and import data for the period 2019-20 to 2022-23 was retrieved from NSDL for cross verification with data submitted by them in the APR and same has been found satisfactory. : -ि फोफ, यफ SEZ ाोभ NFE ास Decision: After deliberation, the Committee noted the performance of the unit for the period 2019-20 to 2022-23, as the unit had achieved positive NFE on cumulative basis in terms of Rule 54 of SEZ Rules 2006. ा2 अध2020-21 ा2021- 22 ि. Agenda Item No. 14 : Monitoring Performance of M/s Shri Raj Jewels Pvt. Ltd, Unit no. IT-01, SDF-VII, SEEPZ-SEZ for the period of 2 years i.e. 2020-21 and 2021-22 फफिउफफदध ििआअधि औआफििािा िआास ािस औइाा The unit has submitted the APR for the period 2020-21 and 2021- 22 duly certified by Chartered Accountant. The export and import data for the period 2020-21 and 2021-22 was retrieved from NSDL for cross verification with data submitted by them in the APR and same has been found satisfactory. : -ि फोफ, यफ SEZ ाोभ NFE ास ाि िआ ओफाभोो Decision: After deliberation, the Committee noted the performance of the unit for the period 2020-21 and 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 to initiate action for issuance of Show Cause notice for delay in submission of APR for the period 2020-21. ा2 Agenda Item No. 15 : Monitoring of Performance of M/s Shri Raj Jewels Pvt. Ltd, Unit no. IT-01, SDF-VII, SEEPZ-SEZ for the period
अध2022-23 ा2023- 24 ि. of 2 years i.e. 2022-23 and 2023-24 फफिउफफदध ििआअधि औआफििािा िआास ािस औइाा The unit has submitted the APR for the period 2022-23 and 2023- 24 duly certified by Chartered Accountant. The export and import data for the period 2022-23 and 2023-24 was retrieved from NSDL for cross verification with data submitted by them in the APR and same has been found satisfactory. : -ि फोफ, यफ SEZ ाोभ NFE ास Decision: After deliberation, the Committee noted the performance of the unit for the period 2022-23 and 2023-24, as the unit had achieved positive NFE on cumulative basis in terms of Rule 54 of SEZ Rules 2006. ाभधोजासाहई The meeting ended with a vote of thanks to the Chair. (जश. फ, आईििा) अ-ा-ाआ, ाज़-ाज़
Verbatim extracted text (OCR/PDF). Older scans and tables may show extraction artifacts — verify against the original for anything you act on.
No analysis has been generated for this document yet.