TaxTMI 
TaxTMI 
Minutes of the 63rd meeting of the Board of Approval for SEZ held on 18th September 2014 to consider proposals for setting up Special Economic Zones and other miscellaneous proposals
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....7.36% over the exports for the year 2013-14. Item No. 63.1: Requests for extension of validity of formal approvals BoA in its meeting held on 14th September, 2012, examining similar cases observed as under: - "The Board advised the Development Commissioners to recommend the requests for extension of formal approval beyond 5th year and onwards only after satisfying that the developer has taken sufficient steps towards operationalisation of the project and further extension is based on justifiable reasons. Board also observed that extensions may not be granted as a matter of routine unless some progress has been made on ground by the developers. The Board, therefore, after deliberations, extended the validity of the formal approval to the requests for extensions beyond fifth years for a period of one year and those beyond sixth year for a period of 6 months from the date of expiry of last extension". (i) Request of M/s. Milestone Buildcon Pvt. Ltd. for further extension of the validity period of formal approval, granted for setting up of sector specific SEZ for IT/ITES at Chokkanahalli Village, Bangalore, Karnataka, beyond 29th October 2014 The Board after deliberation....
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....at village Rahaka & Nimoth District Gurgaon, Haryana beyond 13th July, 2014 The Board after deliberations extended the validity of the formal approval up to 13th July, 2015. (ix) Request of M/s. Uppal IT Projects Pvt. Ltd. for further extension of the validity period of formal approval, granted for setting up of sector specific SEZ for IT/ITES at Plot No. TZ - 07, Sector IT Park, Tech Zone, Greater Noida, beyond 16th March, 2014 The Board noted that the progress made by the developer since the last extension is not satisfactory. The Board, after deliberations, rejected the proposal of further extension and directed that DC, NSEZ will issue show cause notice to the Developer for non implementation of the project. (x) Request of M/s. G.P. Realtors Private Limited for further extension of the validity period of formal approval, granted for setting up of sector specific SEZ for IT/ITES at village Behrampur, District Gurgaon, Haryana, beyond 13th November 2014 The Board after deliberations extended the validity of the formal approval up to 13th November, 2015. (xi) Request of M/s. Navi Mumbai SEZ Private Limited for further extension of the validity period of formal ap....
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....nologies Limited, a unit in APIIC SEZ for extension of Letter of Permission (LOP) beyond 16th December 2013 The Board after deliberations extended the validity of the LoP up to 16th December, 2014. (v) Request of M/s. ACN Infotech (India) Private Limited, a unit in the sector specific SEZ for IT/ITES being developed by M/s. APIIC at Hill No. 2, Madhurawada, Visakhapatnam, Andhra Pradesh for extension of Letter of Permission (LOP) beyond 22nd July, 2013 The Board after deliberations extended the validity of the LoP up to 21st January, 2015. (vi) Request of M/s Colour Chips New Media Limited, a unit in APIIC IT SEZ at Madhurvada, Visakhapatnam, Andhra Pradesh for extension of validity period of its LoP beyond 4th March, 2014 The Board after deliberations extended the validity of the LoP up to 4th March, 2015. (vii) Request of M/s Shantha Biotechnics Limited, Unit-1 in M/s Shantha Biotechnics Ltd. SEZ at Muppireddypalli Village, Toopran Mandal, Medak District, Andhra Pradesh for extension of validity period of its LoP beyond 28th September, 2014 The Board after deliberations extended the validity of the LoP up to 28th September, 2015. Item No. 63.4 : Requests f....
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....sement in the processing area of the SEZ, over an area of 4428 sqm, in accordance with the co-developer agreement entered into with the developer. (iii) Request of M/s. East Godavari Power Distribution Company Pvt. Ltd. for co-developer in the multi product SEZ at Villages Ponnada, Mulapeta and Ramnakkapeta, Kakinada, East Godavari District, Andhra Pradesh, being developed by M/s. Kakinada SEZ Pvt. Ltd. After deliberations, the Board approved the request of M/s. East Godavari Power Distribution Company Pvt. Ltd. for undertaking the following operations over an area of 1013.64 hectares, in accordance with the co-developer agreement entered into with the developer:- (i) Electrical Distribution Network including necessary sub-stations of appropriate capacity, pipeline network, power back up facilities etc. (ii) Procurement and setting up of infrastructural facilities and equipment required for distribution of power. (iii) Undertake operation and maintenance of the infrastructure facilities and equipment procured and setup for undertaking power distribution function (iv) Undertake power distribution function. Item No. 63.5 : Proposals for setting up of SEZs (i) ....
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....bility of and compliance with all Revenue / Company Affairs /SEBI etc. rules which regulate issues like capital gains, equity change, transfer, taxability etc. (iv) Full financial details relating to change in equity/merger, demerger, amalgamation or transfer in ownership etc. shall be furnished immediately to Member (IT), CBDT, Department of Revenue and to the jurisdictional Authority. (v) The Assessing Officer shall have the right to examine and assess the taxability and eligibility for deduction under relevant sections of the Income Tax Act, 1961. (vi) The applicant shall comply with relevant State Government laws, including those relating to lease of land, as applicable. (vii) The developer shall furnish details of PAN and jurisdictional assessing officer of the developer to CBDT. (ii) Proposal of M/s. Wipro Limited for setting up of sector specific SEZ for IT/ITES at Resapuvanipalem Village, Visakhapatnam, Andhra Pradesh, over an area of 1.22 hectares. The Board noted that the Developer is in possession of the land. The Government of Andhra Pradesh has also recommended the proposal vide their letter dated 12.08.2014. Accordingly, the Board decided to grant fo....
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....t on the utilization of material imported by the unit. The Board also directed DC VSEZ to resubmit the proposal after obtaining the NOC from MoEF along with the report on utilization on 40000 MT of Ferro Manganese Slag imported earlier. (iv) Request of M/s Manipal ETA Infotech Limited for amendment to the area given in the formal approval dated 4.1.2012 by increasing the same from 11.20 hectares to 17 hectares After deliberations, the Board decided to approve the request of M/s. Manipal ETA Infotech Limited for increasing the area of the formally approved SEZ by 5.80 hectares from the formally approved area of 11.20 hectares thereby making the total area of the formally approved SEZ as 17 hectares, subject to contiguity of the SEZ being maintained. (v) Request of M/s Stylus Commercial Services Pvt. Ltd., co-developer in M/s. Manyata Embassy Business Park SEZ, a sector specific SEZ for IT/ITES at Bangalore, Karnataka for shifting of operations from C2 Tower to increased office space in H2 Tower After deliberations, the Board approved the request of M/s Stylus Commercial Services Pvt. Ltd. for shifting of operations from C2 Tower to H2 Tower having built up area of 37,605....
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....nd compliance with all Revenue / Company Affairs /SEBI etc. rules which regulate issues like capital gains, equity change, transfer, taxability etc. (iv) Full financial details relating to change in equity/merger, demerger, amalgamation or transfer in ownership etc. shall be furnished immediately to Member (IT), CBDT, Department of Revenue and to the jurisdictional Authority. (v) The Assessing Officer shall have the right to examine and assess the taxability and eligibility for deduction under relevant sections of the Income Tax Act, 1961. (vi) The applicant shall comply with relevant State Government laws, including those relating to lease of land, as applicable. (vii) The developer shall furnish details of PAN and jurisdictional assessing officer of the developer to CBDT. (viii) Request of M/s OPGS Power Gujarat Pvt. Ltd., a co-developer in M/s. OPGS Infrastructure Pvt. Ltd., a sector specific SEZ for Engineering at Bhadreshwar, Mundra, Kutch, Gujarat for change of nature of power plant from Captive to Group Captive The Board noted that the BoA, in its 61st meeting held on 3rd April, 2014, had granted co-developer status to M/s. OPGS Power Gujarat Pvt. Ltd. for ....
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....e furnished immediately to Member (IT), CBDT, Department of Revenue and to the jurisdictional Authority. (v) The Assessing Officer shall have the right to examine and assess the taxability and eligibility for deduction under relevant sections of the Income Tax Act, 1961. (vi) The applicant shall comply with relevant State Government laws, including those relating to lease of land, as applicable. (vii) The developer shall furnish details of PAN and jurisdictional assessing officer of the developer to CBDT. (xi) Request of M/s Unitech Infra-con Ltd., developer of sector specific SEZ for IT/ITES at Plot No. TZ-04, Greater Noida (U.P.) for change in shareholding pattern After deliberations, the Board approved the request of the developer for change in shareholding pattern of the company, subject to following conditions:- (i) Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for the altered developer entity; (ii) Fulfillment of all eligibility criteria applicable to developers, including security clearances etc., by the altered developer entity and its constituents; (iii) Applicability of and compliance with all Revenue / C....
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....erations, the Board approved the request of the developer for change in shareholding pattern of the company, subject to following conditions:- (i) Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for the altered developer entity; (ii) Fulfillment of all eligibility criteria applicable to developers, including security clearances etc., by the altered developer entity and its constituents; (iii) Applicability of and compliance with all Revenue / Company Affairs /SEBI etc. rules which regulate issues like capital gains, equity change, transfer, taxability etc. (iv) Full financial details relating to change in equity/merger, demerger, amalgamation or transfer in ownership etc. shall be furnished immediately to Member (IT), CBDT, Department of Revenue and to the jurisdictional Authority. (v) The Assessing Officer shall have the right to examine and assess the taxability and eligibility for deduction under relevant sections of the Income Tax Act, 1961. (vi) The applicant shall comply with relevant State Government laws, including those relating to lease of land, as applicable. (vii) The developer shall furnish details of PAN a....
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....he altered co-developer entity and its constituents; (iii) Applicability of and compliance with all Revenue / Company Affairs /SEBI etc. rules which regulate issues like capital gains, equity change, transfer, taxability etc. (iv) Full financial details relating to change in equity/merger, demerger, amalgamation or transfer in ownership etc. shall be furnished immediately to Member (IT), CBDT, Department of Revenue and to the jurisdictional Authority. (v) The Assessing Officer shall have the right to examine and assess the taxability and eligibility for deduction under relevant sections of the Income Tax Act, 1961. (vi) The applicant shall comply with relevant State Government laws, including those relating to lease of land, as applicable. (vii) The developer shall furnish details of PAN and jurisdictional assessing officer of the developer to CBDT. (xvi) Request of M/s Pooja Scrap Industries (Partnership), a unit in VSEZ for extension of validity of LoP for the next block of five years from 31.08.2014 The Board, after deliberations, approved the proposal for extension of validity of LoP for a period of one year with the condition that the unit shall fulfill al....
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....Dist. Ahmedabad, Gujarat) IT/ITES 21.11.2008 KASEZ 6. M/s. Gujarat Industrial Development Corporation (Jhagadia Bharuch, Gujarat) Ceramic and Glass Industry 21.08.2006 KASEZ 7. M/s. Integrated Warehousing Kandla Project Development Pvt. Ltd. - Co-developer in Kandla SEZ FTWZ 15.02.2007 KASEZ 8. M/s. Chennai Business Park Pvt. Ltd. (Madhuranthagam Taluka, Kanchipuram District, Tamil Nadu) IT/ITES 19.06.2007 MEPZ 9. M/s. Viraj Profiles Ltd. (Village Amgaon, Taluka Wada, Dist. Thane, Maharashtra Stainless Steel Engineering Products 21.08.2006 SEEPZ Item No. 63.8 : Applications for grant of Industrial Licence (i) Application of M/s L&T Shipbuilding Ltd., Chennai for issue of industrial licence for Defence Equipments After deliberations the Board decided to approve the proposal for issue of LoP to M/s. L&T Shipbuilding Ltd. for manufacture of Defence Equipments viz. design and construction of Warships, submarines, weapon platforms (offshore, floating & submerged) including Auxiliary Vessels, High Speed Boats & Craft....
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....l Coal Conveyor through Dahej SEZ for 4 X 660 MW Thermal Power Project. However, the Board decided to form a Committee consisting of DC KASEZ, DC Dahej SEZ Ltd., Developer of Dahej SEZ Ltd. and Jurisdictional Commissioner of Customs & Central Excise to examine the conditions to be imposed for such permission and submit their recommendations to Deptt. of Commerce, which shall take a decision on file after consideration of recommendations of the Committee. (ii) Request from M/s. Bagmane Developers Private Limited (BDPL) (SEZ-I), developer of IT/ITES SEZ at Mahadevapura K.R. Puram, Bangalore, Karnataka for extension of validity of formal approval, beyond 30th June, 2014 and for reduction in the area of formally approved SEZ from 10.42 hectares to 6.31 hectares After deliberations, the Board decided to approve the request of M/s. Bagmane Developers Private Limited (BDPL) for reduction in the area of the formally approved SEZ by 4.11 hectares from the formally approved area of 10.42 hectares thereby making the total area of the formally approved SEZ as 6.31 hectares. The approval is subject to the DC furnishing a certificate in the prescribed format certifying inter alia that the ....
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....relating to change in equity/merger, demerger, amalgamation or transfer in ownership etc. shall be furnished immediately to Member (IT), CBDT, Department of Revenue and to the jurisdictional Authority. (vi) The Assessing Officer shall have the right to examine and assess the taxability and eligibility for deduction under relevant sections of the Income Tax Act, 1961. (vii) The applicant shall comply with relevant State Government laws, including those relating to lease of land, as applicable. (viii) The developer shall furnish details of PAN and jurisdictional assessing officer of the developer to CBDT. The meeting ended with a vote of thanks to the Chair. ******* Annexure - 1 List of Participants for the Meeting of the Board of Approval for Special Economic Zones held on 18th September, 2014 under the Chairmanship of Commerce Secretary, Department of Commerce 1. Shri Rajeev Kher, Chairman, BoA & Commerce Secretary, Department of Commerce. 2. Shri Ram Tirath, DGEP, Department of Revenue, Ministry of Finance 3. Shri Jitendra Kumar, Additional DGEP, CBEC, Department of Revenue. 4. Smt. Sarda Jain, Joint Secretary, Ministry of Law & Justice 5. Dr. L....