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Press Information Bureau
Government of India
Ministry of Commerce & Industry
17-August-2011 17:32 IST
Surrendering of SEZ Projects
Requests are being received for de-notification of the notified SEZs from time to time.
From December, 2008 till 31 July, 2011, the Board of Approval on SEZ has approved 33 such cases subject to the refund of duty benefits availed, if any, by the developer. The details of the 33 cases approved by the BOA for denotification are annexed. The reasons for these requests, wherever indicated by the applicants, range from economic meltdown, poor market response, non-availability of skilled labour force, no demand for IT/ITES space and imposition to Minimum Alternate Tax (MAT) and Dividend Distribution Tax (DDT) on Special Economic Zones (SEZs).
In all such cases, where the Board of Approval on SEZ has approved denotification of the SEZ, it is subject to the refund of duty benefits availed, if any, by the developer.
ANNEXURE | ||||
Requests for de-notification considered by BoA | ||||
S. No. | Name of the Developer | Location | Sector | Date of approval by BoA |
1 | M/s. Shivaji Marg Properties Limited | 15, Shivaji Marg | IT/ITES | 8th December 2008 |
2 | M/s. DLF Limited | Gandhinagar, Gujarat | IT/ITES | 2nd June 2009 |
3 | M/s. DLF Limited | Rai, Sonepat, Haryana | IT/ITES | 2nd June 2009 |
4 | M/s. DLF Limited | Bhubaneswar, Orissa | IT/ITES | 2nd June 2009 |
5 | M/s. K. Raheja Universal Pvt. Ltd. | Navi Mumbai, Maharashtra | IT/ITES | 19th June 2009 |
6 | M/s. Maytas Ventures SEZ Pvt. Ltd. | Gundla Pochampalli village, Ranga Redy District, Andhra Pradesh | Biotech | 11th August 2009 |
7 | M/s. Lahari Infrastructure Ltd. | Kondakal village, Shankarpally Mandal, Ranga Reddy District, Andhra Pradesh | Services Sector | 5th November 2009 |
8 | M/s. Essar SEZ Hazira Limited | Hazira, Gujarat | Engineering | 15th December 2009 |
9 | M/s. Royal Palms India Private Limited | Survey number 169, Aarrey Milk Colony, Goregaon (East) Mumbai, Maharashtra | IT/ITES | 15th December 2009 |
10 | M/s. TCG Urban Infrastructure Holdings Limited | Thrikkakara North village, Kanayannur Taluk, Ernakulam District, Kerala | Biotechnology | 11th February 2010 |
11 | M/s. Sanvo Resorts Pvt. Ltd. | Panvel, Maharashtra | IT/ITES | 11th February 2010 |
12 | Electronics Corporation of Tamil Nadu Limited (ELCOT) | Sholinganallur II and Perumbakkam villages, Tambaram Taluk, Kancheepuram District, Tamil Nadu | IT/ITES | 11th February 2010 |
13 | M/s. Estra IT Park Pvt. Ltd. | Mount Poonamallee High Road, Iyyapanthangal, Porur, Chennai, Tamil Nadu | IT/ITES | 9th April 2010 |
14 | Unitech Infopark Limited | Village Nallambakkam, Taluk Chengalput, Kancheepuram, Chennai, Tamil Nadu | IT/ITES | 9th April 2010 |
15 | M/s. Bata India Limited | villages Jagtala and Bangla, District South 24 Parganas, West Bengal | IT | 8th June, 2010 |
16 | M/s. Base Realty Private Limited | Village Hinjewadi, Taluka Mulshi, Pune, Maharashtra | IT/ITES | 16th September, 2010 |
17 | M/s. Raheja Universal Limited | Raheja Infocity – 1, Plot No. 2/1/B, Block –D, Trans – | IT/ITES | 16th September, 2010 |
18 | M/s. JSL Limited | Kalinga Nagar, Orissa | Stainless Steel | 16th September, 2010 |
19 | Omnibus Industrial Development Corporation of Daman and Diu and Dadar and Nagar Haveli Limited. | Village Kharadpada, District Naroli of Dadra and Nagar | IT/ITES | 18th November, 2010 |
20 | M/s. Medicaps IT Park Private Limited | M/s. Medicaps IT Park Private Limited | IT/ITES | 14th January, 2011 |
21 | M/s. Neogen Properties Private Limited | Hindupur, District Anantapur, Andhra Pradesh, | Apparel | 14th January, 2011 |
22 | State Industrial Development Corporation of Uttarakhand Limited (SIDCUL) | Dehradun, | IT/ITES | 14th January, 2011 |
23 | Maharashtra Industrial Development Corporation Ltd. | Distt Solapur, Maharashtra | Textile Industry | 25th March, 2011 |
24 | M/s. Satyam Computer Services Ltd. | Thotlakonda, Visakhapatnam | IT/ITES | 31st May, 2011 |
25 | S2tech.com India Private Limited | Gudur Village, Kandukur Mandal, Ranga Reddy District, Andhra Pradesh | Electronic Hardware including IT and ITES | 31st May, 2011 |
26 | Maharashtra Industrial Development Corporation Ltd. | District Yavatymal, Maharashtra | Textile Industry | 31st May, 2011 |
27 | Mansarovar Industrial Development Corporation | Jodhpur, Rajasthan | Handicraft | 31st May, 2011 |
28 | Bengal Shapoorji Infrastructure Development Pvt. Ltd. | A-III, New Town, Rajarhat, | IT/ITES | 31st May, 2011 |
29 | M/s. Oval Developers Private Limited | Mouza-Banagram and Sarmasterchowk, District-24 Parganas (South), West Bengal | Electronic Hardware and Software | 22nd July, 2011 |
30 | M/s Airmid Developers Limited | Sector – 106, village Pawala Khusrupur, Gurgaon, Haryana | IT/ITES | 22nd July, 2011 |
31 | M/s. Yashprabha Enterprises | Village Pothandi, Taluka Chiplun, District Ratnagiri, Maharashtra | Biotechnology | 22nd July, 2011 |
32 | Karnataka Biotechnology and Information Technology Services (KBITS) | Electronic City, Phase III, Bangalore, Karnataka | Biotechnology | 22nd July, 2011 |
33 | M/s. N.G. Realty Private Limited | Village Rajoda, District Ahmedabad, Gujarat | Engineering | 22nd July, 2011 |
This information was given by the Minister of State for Commerce and Industry Shri Jyotiraditya M. Scindia in a written reply to a question, in the Rajya Sabha today.
DS/gk
Denotification of SEZs: approval conditioned on refund of duty benefits where claimed, citing economic and fiscal causes. Denotification of SEZs has been approved by the Board of Approval with each approval conditioned on the refund of duty benefits availed by the developer where applicable; applicants cited economic downturn, weak market demand, skilled labour shortages, and imposition of Minimum Alternate Tax and Dividend Distribution Tax as reasons for surrendering SEZ status. of Press 'Enter' after typing page number.
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