TaxTMI 
TaxTMI 
Minutes of the 74th meeting of the Board of Approval for SEZ held on 6th January 2017 to consider setting up of Special Economic Zones and other miscellaneous proposals
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....nly 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. Tata Steel Special Economic Zone Ltd. for further extension of validity period of its formal approval for setting up a multi product SEZ at Gopalpur, District Ganjam, Odisha beyond 17th December, 2016 The Board, after deliberations, extended the validity of the formal approval up to 17th December, 2017. (ii) 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 Electronic Hardware & IT/ITES at village Behrampur, Balola and Bandhwari, Tehsil Sohna, Gurgaon, Haryana, beyond 2....
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.... (vii) regarding the proposal of M/s. Mahindra World City (Jaipur) Ltd. for merger of its five SEZs was also taken up together with agenda items no 74.1 (viii) and 74.1 (ix) regarding the proposals for the extension of formal approvals in respect of two SEZs of M/s. Mahindra World City (Jaipur) Ltd. 74.6 (vii) Proposal of M/s. Mahindra World City (Jaipur) Ltd. for merger of its five SEZs (IT/ITES SEZ, Engineering & Related Industries SEZ, Handicraft SEZ, Gem & Jewellery SEZ & IT/ITES including Software & Hardware manufacturing SEZ) located at Village Kalwara, Jhai Bhambhoriya, Bagru Khurd & Newta, Tehsil Sanganer, District Japur, Rajasthan into one multi product SEZ It was informed that the developer had originally applied for a single integrated SEZ in 2006 in an area of 2500 acres (letter from Govt of Rajasthan as provided by RIICO enclosed). However, since at that time minimum land requirement for such SEZ was 1000 ha (2500 acre) and the same was not in possession of the developer, they could not meet this requirement and therefore, they applied for separate sector-specific SEZs. However, later in 2013, the requirement for multi-product SEZ has been revised to 500 ha....
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.... by the developer. Item No. 74.2 : Requests for extension of LoP beyond 3rd Year onwards (3 proposals) (i) Request of M/s. G. Metals Company, a unit in NSEZ at Plot No. 98, NSEZ for extension of validity period of its LoP beyond 27^th October, 2016 The Board, after deliberations, extended the validity of the LoP up to 27^th October, 2017. (ii) Request of M/s. Pinkcity Jewel House Pvt. Ltd., a unit in Sitapura, Jaipur SEZ for extension of validity period of its LoP beyond 2^nd September, 2016 The Board, after deliberations, extended the validity of the LoP up to 2^nd September, 2017. (iii) Request of M/s. Amneal Oncology Pvt. Ltd., a unit in TSIIC Limited SEZ at Polepally village, Jadcherla Mandal, Mahaboob Nagar District, Telangana for extension of validity period of its LoP beyond 13^th December, 2016 The Board, after deliberations, extended the validity of the LoP up to 13^th December, 2017. Item No. 74.3: Requests for co-developer (1 proposal) (i) Request of M/s. India Power Corporation (Bihar) Private Limited for co-developer in the multi product SEZ at Nanguneri....
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.... the BoA without the recommendation of the State Government. The developer should submit the proposal to DC MEPZ along with the recommendation of the State Government. (v) Request of M/s. Phoenix Embassy Tech Zone Private Limited for setting up of a sector specific SEZ for IT/ITES at Sy. No. 115/35, Nanalramguda Village, Serilingampally Mandal, Ranga Reddy District, Telangana, over an area of 2.02 hectares. The Board, after deliberations, approved the proposal for setting up of a sector specific Special Economic Zone for IT/ITES at Sy. No. 115/35, Nanakramguda Village, Serilingampally Mandal, Ranga Reddy District, Telangana, over an area of 2.02 hectares. (vi) Request of M/s. Phoenix Embassy Tech Zone Private Limited for setting up of a sector specific SEZ for IT/ITES at Sy. No. 203 Part, Manikonda Jagir Village, Serilingampally Mandal, Ranga Reddy District, Telangana, over an area of 2.02 hectares. The Board, after deliberations, approved the proposal for setting up of a sector specific Special Economic Zone for IT/ITES at Sy. No. 203 Part, Manikonda Jagir Village, Serilingampally Mandal, Ranga Reddy District, Telangana, over an area of 2....
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....gations for the altered unit entity; ii) Fulfillment of all eligibility criteria applicable to unit, including security clearances etc., by the altered unit 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 assess the taxability of the gain/loss arising out of the transfer of equity or merger, demerger, amalgamation, transfer and ownerships etc. as may be applicable 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 unit shall furnish details of PAN and jurisdictional assessing officer of the unit to CBDT. viii) Meanwhile, the p....
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....xport in their existing LoA The Board, after deliberations, rejected the proposal. (iii) Request of M/s. Aequs SEZ Private Limited in sector specific SEZ for precision engineering at Belgaum, Karnataka at Belgaum, Karnataka for setting up of Training Centre in Non-processing Area The Board, after deliberations, approved the proposal subject to the condition that training centre will cater only to the employees of the SEZ units in the Aequs SEZ. (iv) Request of M/s. Milak Warehouse, Kandla SEZ for permission to warehouse of imported raw sugar for 100% export in their existing LoA The Board, after deliberations, rejected the proposal. (v) Request of M/s. A One Duty Free Private Limited for procurement of Cigarette from ITC Limited without paying duty against ARE-1 form and supplies to Duty Free Shops Bonded Warehouses & Foreign Vessels. The Board, after deliberations, deferred the proposal with directions that policy on allowing trading activities in SEZs as well as trading in sensitive items may be examined in detail. (vi) Request of M/s. Maithan Alloys Limited (formerly k....
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.... per SEZ Act and Rules provided that the lease period is reduced to a period not exceeding 30 years (Renewable). (ii) Request of M/s. Embassy Services Pvt. Ltd. for co-developer in the sector specific SEZ for IT/ITES at Outer Ring Road, Nagavara Village, Bangalore, Karnataka, being developed by M/s. Saltire Developers Private Limited After deliberations, the Board approved the proposal of M/s. Embassy Services Pvt. Ltd. for making operation and maintenance of buildings and other infrastructure/facilities to be undertaken in the entire area of the SEZ in accordance with the co-developer agreement entered into with the developer, subject to standard terms and conditions as per SEZ Act and Rules. Item No. 74.11: Proposals for setting up of SEZs (One proposal) (i) Request of M/s. L&T Construction Equipment Limited (Reality Division) for setting up of a sector specific SEZ for IT/ITES at L&T Park SEZ Plot 2, L&T Campus, Bellary Road, Byatarayanapura, Next to GKVK, Bangalore, Karnataka over an area of 4.95 Hectares. The Board, after deliberations, deferred the proposal as recommendation of the State Government was awaited. Deci....
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...., Development Commissioner, AP&SEZ/Mundra 28. Ms. Sobhana K.S. Rao, Development Commissioner, VSEZ 29. Shri M.K.S. Sundram, Development Commissioner, MEPZ-SEZ 30. Shri J.M. Gupta, Development Commissioner, Indore SEZ 31. S.K. Sharma, Development Commissioner, Milian SEZ Nagpur 32. Smt. Lata Shukla, Development Commissioner, Navi Mumbai SEZ 33. Shri K.L. Sharma, Development Commissioner, Surat SEZ 34. Shri S.K. Samal, Development Commissioner, Sri City SEZ, AP 35. Shri A.K. Singh, Development Commissioner, Mangalore SEZ LIST OF PARTICIPANTS FROM DEPARTMENT OF COMMERCE 36. Shri T.V. Ravi, Director, Department of Commerce 37. Shri G. Srinivasan, Under Secretary, Department of Commerce 38. Shri Aditya Narayan, Under Secretary, Department of Commerce 39. Shri K.C. Biswal, Section Officer, Department of Commerce 40. Shri Piyush, Section Officer, Department of Commerce ============= Document 1 सतà¥à¤¯à¤®à¥‡à¤µ जयते Ashok Sampatram I.A.S. अशोक समà¥à¤ªà¤¤à¤°à¤¾à¤®, आई. à¤. à¤à¤¸. 148/ 123 28 Principal Secre....