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of Decisions taken by the Board of Approval (BoA) for Special Economic Zones (SEZs) in its 119th meeting. Some notable points: - BoA approved conversion of processing areas into non-processing areas for several developers like DLF, Modern Asset, Oxygen Business Park, etc. subject to refund of applicable duties/taxes and submission of undertakings. - For some proposals on conversion to non-processing areas, BoA deferred decisions and requested Department of Revenue (DoR) to provide clarity on principles for determination of duty benefits to be paid. - BoA remanded back some appeals filed by units against orders of Development Commissioners, directing them to provide opportunity of being heard and decide on merits. - BoA approved extension of validity for formal approvals granted to a few developers. - BoA considered proposals for co-developer status, increase in area by co-developers, approval for restricted items, and appeals filed by units against orders withdrawing permissions. - The meeting discussed procedural aspects like refund of duties/taxes, submission of undertakings, and concurrence from DoR for conversion of processing to non-processing areas under SEZ rules.
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