TaxTMI 
TaxTMI 
Minutes of the 51stmeeting of the SEZ Board of Approval held on 13th March 2012 to consider proposals for setting up Special Economic Zones and other miscellaneous proposals
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....e SEZs and direct employment of the order of 8,15,308 persons has been generated in the SEZs. During the financial year 2010-11, total exports to the tune of Rs. 3,15,867.85 crores have been made from the SEZs, registering a growth of about 43.11% over the exports for the year 2009-10. Exports in the current financial year (i.e. up to 31.12.2011) have been to the tune of Rs. 2,60,972.89 crores. Item No. 51.1: Proposals for setting up of SEZs. (i) Proposal of M/s. Infosys Limited, for setting up of a sector specific Special Economic Zone for Information Technology (IT) at Village Tikgarita, Badsha and Badangarda, Near Super Corridor near Indore, Indore, Madhya Pradesh, over an area of 52.643 hectares. The Board noted that the Developer was in possession of the land. The Government of Madhya Pradesh had also recommended the proposal for formal approval vide their letter dated 31.01.12. Accordingly, the Board decided to grant formal approval to the proposal of M/s. Infosys Limited, for setting up of a sector specific Special Economic Zone for Information Technology (IT), at Village Tikgarita, Badsha and Badangarda, Near Super Corridor near Indore, Indore, Madhya Pradesh, over....
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..... The Board further directed that proposals for grant of codeveloper status should be accompanied by lease deed/draft lease deed which must inter-alia contain the details of financial transactions/arrangements between developer and proposed co-developer. The decisions of the proposals are as under:- (i) Request of M/s. Chella Software (P) Limited for co-developer in the sector specific SEZ for IT/ITES at llandhaikulam village, Madurai, Tamil Nadu being developed by Electronics Corporation of Tamil Nadu Limited (ELCOT) After deliberations, the Board directed the DC to examine if the applicant also had a unit in the SEZ and make appropriate recommendations. The matter was accordingly deferred. (ii) Request of M/s. Khed Textile Park Private Limited for co-developer in the multiproduct SEZ at Taluka Khed & Shirur, District Pune, Maharashtra being developed by M/s. Khed Economic Infrastructure Private Limited The Board noted that consequent upon grant of co-developer status, apart from availing benefits under SEZ Act/Rules, M/s Khed Textile Park Private Limited would also possibly be availing subsidy from the M/o Textiles. This, the Board observed, may amount to double dippi....
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.... Kurar Ibrahimpur, Murthal, Sonepat, Haryana, being developed by M/s. Ansal Colours Engineering SEZ Limited After deliberations, the Board approved the request of M/s. Shakti Bhog Foods Limited for becoming a co-developer in the above mentioned SEZ, for development of infrastructure over an area of 101.24 Ha, in accordance with the co-developer agreement entered into with the developer. (vii) Request of M/s. MindTree Limited for co-developer in the sector specific SEZ for IT/ITES at Chandaka Industrial Estate, Bhubaneswar, Orissa, being developed by Orissa Industrial Infrastructure Development Corporation (OIIDC) After deliberations, the Board approved the request of M/s. Mind Tree Limited for becoming a co-developer in the above mentioned SEZ, for infrastructure facilities, over an area of 20 acres (8.094 hectares), in accordance with the co-developer agreement entered into with the developer. Item No. 51.3: Requests for Authorized operations. (i) Request of M/s. GIFT SEZ Limited for authorized operations in the sector specific SEZ for 'Multi Services' at villages Phirozpur and Ratanpur, District Gandhinagar, Gujarat After deliberations, the Board approved the fo....
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....r training Executives in the SEZs After deliberations, the Board decided to approve the request of the developer for leasing an area of 12500 sqft of built up space, in the processing area, to the Indian Institute of Management (IIM) Kozhikode for running an off campus facility. The approval, however, subject to the following conditions:- (i) The setting up of the Training facility and its operations shall not be eligible for any duty/tax exemptions: (ii) The training facility shall be limited to the employees of the units, co-developer and Developer of SEZs only: (iii)The facility shall be shifted to the non- processing area of the Infopark Phase II as and when it becomes ready for occupation. Item No. 51.5: Requests for increase/decrease in area (i) Request of M/s. Infosys Limited, a co-developer in the sector specific SEZ for IT/ITES at villages Gaudakashipur and Arisal, Tehsil Jatni, District Khurda, Orissa being developed by Orissa Industrial Infrastructure Development Corporation, for increase in area of their operations After deliberations, the Board decided to approve the request of the co-developer for increasing the area of their operations by 5.069 a....
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....validity period of formal approval, granted for setting up of sector specific SEZ for Port based at Puthuvypeen Ernakulam District, Kerala, beyond 17th April 2012 The Board after deliberations extended the validity of the formal approval up to 17th April 2013. (iv) Request of M/s. Navi Mumbai SEZ Private Limited for extension of the validity period of formal approval, granted for setting up of multi product at Dronagiri, Navi Mumbai, Maharashtra, beyond 29th July 2012 The Board after deliberations extended the validity of the formal approval up to 29th July 2013. (v) Request of M/s. Navi Mumbai SEZ Private Limited for extension of the validity period of formal approval, granted for setting up of sector specific SEZ for IT/ITES at Kalamboli, Navi Mumbai, Maharashtra, beyond 25th July 2012 The Board after deliberations extended the validity of the formal approval up to 25th July 2013. (vi) Request of M/s. Navi Mumbai SEZ Private Limited for extension of the validity period of formal approval, granted for setting up of sector specific SEZ for Multi Services at Kalamboli, Navi Mumbai, Maharashtra, beyond 25th July 2012 The Board after deliberations extended the val....
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....yond 6th year (i) Request of M/s. Ansal IT City & Parks Limited for extension of the validity period of formal approval, granted for setting up of sector specific SEZ for IT/ITES at Plot No. TZ-06, Tech Zone, Greater Noida, Uttar Pradesh, beyond 6th April 2012 The Board after deliberations extended the validity of the formal approval up to 6th April 2013. The Board also directed that no further extension may be allowed. Item No. 51.8: Request for grant of second extension of in-principle approval. (i) Request of M/s. Posco-India Private Limited for extension of in-principle approval granted for setting up of a Multi-Product SEZ, over an area of 1620.496 hectares, at Jagatsinghpur District, Orissa, beyond 25th October, 2011 The Board, after deliberations, extended the validity of the in-principle approval up to 25th October 2012. Item No. 51.9: Requests for de-notification (i) Request of M/s. Bannari Techno Park Private Limited for de-notification of the sector specific SEZ for IT/ITES at Kalapatty village, Coimbatore, Tamil Nadu, notified over an area of 24.055 hectares After deliberations, the Board decided to approve the request of M/s. Bannari Techno Park Pr....
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.... extended the LoP of the unit for period of one year from the date of expiry of the validity of the last extension i.e. up to 27th August, 2012. The Board also directed that no further extension may be allowed. Item No. 51.12: Requests for extension of LoP of units beyond 4th year (i) Request of M/s. Fulcrum Logic India Private Limited, a unit in the sector specific SEZ for IT/ITES at Phase-II, Hinjewadi, Pune being developed by Maharashtra Industrial Development Corporation (MIDC) beyond 27th February 2012 The Board, after deliberations, extended the LoP of the unit for period of one year from the date of expiry of the validity of the last extension i.e. up to 27th February, 2013 (ii) Request of M/s. iGATEpatni Computer Systems Limited, a unit in the sector specific SEZ for IT/ITES at Phase-II, Hinjewadi, Pune being developed by Maharashtra Industrial Development Corporation (MIDC) beyond 4th February 2012 The Board, after deliberations, extended the LoP of the unit for period of one year from the date of expiry of the validity of the last extension i.e. up to 4th February, 2013. (iii) Request of M/s. Tata Consultancy Services Limited, a unit in MIHAN SEZ, Nagpur....
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....tension of LoP beyond 9thFebruary, 2011 The Board, after deliberations, extended the LoP of the unit up to 31st July, 2012, by condoning the delay. Item No. 51.15: Requests for import of restricted/prohibited item (i) Request of M/s. Reliance Industries Limited, a unit in M/s. Reliance Special Economic Zone at Jamnagar, Gujarat for procurement of Crude Oil from M/s. Cairn India Limited, a unit in DTA Board was informed that as per FTP export of crude oil is allowed through STEs i.e IOC. The Board noted that the issue related to the permission required by M/s Cairn India to effect exports for which they have already approached DGFT to seek the necessary export permission of their crude directly without going through IOC. The Board deferred the matter and directed the DC to bring the matter before the BoA as and when necessary. (ii) Request of M/s Pipavav Defence & Offshore Engineering Company Limited, a unit in the sector specific SEZ for engineering sector in District Amreli, Gujarat being developed by M/s E. Complex Private Limited The Board granted the request of the unit for procurement of the prohibited/restricted as listed in the Annexures-3 & 4 of the Agenda....
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....ipiam Infotech Private Limited (NIPL), for setting up of a sector specific SEZ for IT Sector at Gram Nimeta, Taluka Waghodiya, Vadodara, Gujarat, over an area of 220 hectares has expired w.e.f 25.7.2011. The DC apprised the Board that the land on which the SEZ was proposed to be set up is not in possession of the developer. Board was informed that a clear title over land is a pre-requisite for the validity of formal approval. As such the validity of formal approval granted for setting up of the above SEZ automatically stands cancelled. Therefore, taking into account the above facts the Board decided not to consider further extension of the validity of the formal approval granted for setting up of the above SEZ. Item No. 51.18: Request for Additional Gates Proposal of DC, KASEZ, for approval of an additional entry/exit gate in the new area for movement of Over Dimensional Cargo (ODC) The Board, after deliberations, approved the request for setting up an additional entry/ exit gate in the KASEZ for movement of Over Dimensional Cargo (ODC). Item No. 51.19: Requests for setting up of Disaster Recovery Site (i) Request of M/s. Tata Consultancy Services Limited, a unit ....
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....as Land International Private Limited (ALI) in which MWCDL held 26% equity. In the BoA meeting held on 11th February, 2010 approval was granted to MWCDL for divesting its 26% to ALI paving the way for ALI to hold 100% equity in the co-developer entity. Consequently, the co-developer has sought approval for changing the name of the company to "Ascendas IT SEZ (Chennai) Private Limited". The Board also noted that the request does not involve change in the shareholding pattern of the company. The Board, after deliberations, granted approval to the request of the co-developer for changing its name to M/s. Ascendas IT SEZ (Chennai) Private Limited (iv) Request of M/s. Ajanta Projects (India) Limited for changing its name to M/s. Inspira Infra (Aurangabad) Limited The Board was informed that the M/s. Ajanta Projects (India) Limited has simply changed its name to M/s. Inspira Infra (Aurangabad) Limited and there is no change in the shareholding of the company. The Board, after deliberations, granted approval to the request of M/s. Ajanta Projects (India) Limited for changing its name to M/s. Inspira Infra (Aurangabad) Limited in the following SEZs where it is developer:- S.No. ....
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....ing Group Company) as part of internal re-organization with Xchanging Group. The representative of the CBDT was of the view that the information provided to them as per the decision of the last BoA was inadequate, therefore, balance sheet of the company before and after the transaction is required for better examination of the tax liability arising out of the proposed transaction. The Board, after, deliberations approved the request, subject to the following:- (a) Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for the altered co-developer entity; (b) Fulfillment of all eligibility criteria applicable to co-developers by the altered developer entity and its constituents; (c) Applicability of and compliance with all Revenue / Company Affairs /SEBI etc. rules which regulate issues like capital gains, equity change, transfer, taxability etc. (d) The applicant shall comply with relevant State Government laws, including those relating to lease of land, as applicable. The Board further directed that full financial details relating to the transfer of equity shall be furnished immediately to the Member (IT) CBDT, Department of Revenu....
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.... UAC for the applicant to be given an opportunity to be heard again and demonstrate fulfilment of all conditions including applicable penalties. DECISIONS ON SUPPLEMENTARY AGENDA Item No. 51.23: Proposals for setting up of SEZs (i) Proposal of M/s. M.P. Audyogik Kendra Vikas Nigam (Indore) Limited, for setting up of a sector specific Special Economic Zone for Gems & Jewellery at Village Rangwasa, District Indore, Madhya Pradesh, over an area of 10.924 hectares. The Board noted that the Developer was in possession of the land. The Government of Madhya Pradesh had also recommended the proposal for formal approval. Accordingly, the Board decided to grant formal approval to the proposal of M/s. M.P. Audyogik Kendra Vikas Nigam (Indore) Limited, for setting up of a sector specific Special Economic Zone for Gems & Jewellery at Village Rangwasa, District Indore, Madhya Pradesh, over an area of 10.924hectares. (ii) Proposal of M/s. Impetus Infotech (India) Private Limited, for setting up of a sector specific Special Economic Zone for IT/ITES at Indore, Madhya Pradesh, over an area of 10 hectares. The Board noted that thought the proposal has been recommended by the Govern....
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....of the SEZ as 102.528 hectares. The approval is subject to the contiguity of the SEZ being maintained. Item No. 51.26: Requests for grant of second extension of in-principle approval. Request of M/s. Trac Technologies India Limited for extension of in-principle approval granted for setting up of a sector specific SEZ for Multi Services, over an area of 1182.19 hectares, at Krishnagiri District, Tamil Nadu, beyond 26th February, 2012. The Board, after, deliberations, extended the validity of the in-principle for a period of 01 year beyond 26th February, 2012 (i.e. up to 26th February, 2013). Item No.51.27: Request of M/s. ONGC Petro additions Limited (OPaL) a unit in Dahej SEZ for permission for establishing a Training Academy in the processing area The Board, after deliberations, rejected the request of the unit for establishing a Training Academy in the processing area. The Board also directed the DC to take necessary action in this regard and to ensure that the unit refunds all the duty benefits availed, if any, in construction the un-approved structures. Item No.51.28: Request for clarification regarding qualification of sales of Cash Dispenser Machines (CDM) f....
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....ioner, Government of Uttarakhand 15. Shri O.P. Kapoor, Joint DG, EPCES 16. Shri P.K. Das, Managing Director, MP Trade & Investment Facilitation Corporation, Bhopal, Madhya Pradesh 17. Shri R.K. Sinha, Deputy Director, Office of Development Commissioner (MSME), Ministry of MSME, Nirman Bhawan. 18. Shri R.C. Dahra, Additional Director Industries, Department of Industries, Government of Haryana 19. Shri Subhash Sharma, O.S.D. CSIDC Limited, Government of Chhattisgarh 20. Shri A.K. Agarwal, Additional Industrial Adviser, Department of Chemical & Petrochemical, Ministry of Chemicals and Fertilizer, New Delhi 21. Shri T.A. Khan, (RO), TCPO, Ministry of Urban Development, E-Block, Vikas Baan, New Delhi 22. Shri R.D. Meena, Research Assistant, TCPO, Ministry of Urban Development 23. Shri B. Bhattacharya, SIO, DGEP, Department of Revenue. 24. Shri A.S. Das, Consultant, IDCO, Government of Orissa LIST OF DEVELOPMENT COMMISSIONERS 25. Shri M.S. Rao, Development Commissioner, VSEZ, Visakhapatnam and i/c CSEZ 26. Shri Sanjeev Nandwani, Development Commissioner, Falta....