Minutes of the 97th meeting of the Board of Approval for SEZ held on 20th March, 2020 to consider setting up of Special Economic Zones and other miscellaneous proposals

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.... No. 97.1: Confirmation of minutes of the meetings of the 95th and 96th BoA held on 14th February, 2020 and 26th February, 2020 respectively. The Board took note of DGEP's O.M. no. DGEP/SEZ/10/2020 dated 19.03.2020 (Copy attached) in connection to their observations in respect of Agenda item no. 95.12(i) of the 95th BoA pertaining to the request of M/s NDR Infrastructure Pvt. Ltd. for formal approval for setting up of FTWZ at Nandiyambakkam Village, Minjur Panchayat, Ponneri Taluk, Tiruvallur District, Tamil Nadu and directed to obtain views of Department of Legal Affairs on this item. The Board, after deliberations, decided that a decision on item no. 95.12(i) will be taken on file based on the confirmation from the Department of Leg....

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.... 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 developer shall furnish details of PAN and jurisdictional assessing officer of the developer to CBDT 97.2(ii) Request of M/s Vikas Telecom Pvt. Ltd developer of Vikas Telecom Pvt. Ltd. SEZ, Embassy Tech Village, Bangalore for amendment in approval of change in shareholding pattern. The Board, after deliberations, approved the proposal for amendment in the name of the shareholder in the already approved change in shareholding pattern with the following c....

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....zag) Private Limited. The Board, after deliberations, approved the proposal for change of name from M/s MN Industrial Parks Pvt. Ltd. to INDIP Industrial Parks (Vizag) Private Limited with the following conditions: - i. Seamless continuity of the SEZ activities with unaltered esponsibilities and obligations for the altered co-developer entity; ii. Fulfilment of all eligibility criteria applicable to co-developer, including security clearances etc., by the 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 re....

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....ed by the unit and environmental obligations are met. 97.3(iii) Request of M/s. PI Industries Ltd., SPM-29/2, Sterling SEZ, AT & PO, Sarod, TA-Jambusar, Dist-Bharuch, Gujarat for procurement of raw material i.e. "Chlorodifluoromethane" which is a restricted item from DTA units. The Board, after deliberations, decided to approve the proposal subject to the condition that the allowed raw material, i.e, Chlorodifluoromethane,  is actually used by the unit only for manufacturing purpose and not for refrigeration. 97.3 (iv) Request of M/s. TPI Composites Inc. and Prospect One Manufacturing LLP for approval to use the SEZ road at SIPCOT Hi-Tech SEZ, Oragadam with the proposed improvements for a period of three years. The Board, a....

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....ision on Supplementary Agenda 97.5(1) Request of M/s. The Tata Power Company Limited- SEZ Unit in the KIADB Aerospace Devenhalli, Bangalore, SEZ for extension of Letter of Permission (LOP) beyond 06th March 2020 for 2 Months i.e. till 30th April 2020. The Board, after deIiberations approved extension of the validity of the LoP up 30th April, 2020. 97.5(ii) Request of M/s. Steam Equipments Pvt. Ltd., a Unit in MIDC SEZ at Khandala PH-I(SEZ) Industrial Area, Village-Kesurdi, TaI.-Khandala, District Satara for extension of Letter of Permission (LoP) beyond 15.05.2019 to 14.05.2020. The Board, after deliberations, approved extension of the validity of the LoP up to 14^th May, 2020. ANNEXURE - I List of Participants for the Mee....