TaxTMI 
TaxTMI 
Minutes of the 99th meeting of the Board of Approval for SEZ held on 31st July, 2020 to consider setting up of Special Economic Zones and other miscellaneous proposals
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....e Ancillary & Engineering sector at Panoli Industrial Estate, District Bharuch, Gujarat beyond 16.06.2020. The Board, after deliberations, approved extension of validity of formal approval for a period of one year, i.e. upto 16.06.2021. Item No. 99.3 Extension of validity of LoA of units (three proposals) 99.3(i) Request of M/s. CTR Manufacturing Industries Ltd. for 3rd extension of the validity period of LoA granted for setting up Unit for manufacturing of Nitrogen Injection Explosion prevention and Fire Extinguishing systems at Plot No. AL 25 & AL 26, Five Star Industrial Area, Shendra, Aurangabad. The Board, after deliberations, approved extension of validity of LoA for a period of one year, i.e. upto 18.07.2021. 99.3(ii) Request of M/s Rusan Pharma Ltd. in Indore SEZ for extension of LoA beyond 01.12.2019 for one year up to 01.12.2020. The Board, after deliberations, approved extension of validity of LoA for a period of one year upto 01.12.2020. 99.3(iii) Request of 10 units for 3rd extension of Letter of Approvals in Multi Services SEZ at Ratanpur, District Gandhinagar, Gujarat, developed by M/s. GIFT SEZ Ltd. The Board, after deliberations, approved ex....
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....f land, as applicable. vii. The developer shall furnish details of PAN and jurisdictional assessing officer of the developer to CBDT. Item No. 99.5 Request for co-developer status (one proposal) 99.5(i) Request of M/s. Wegmans Trustone Commercial Projects LLP for Co-developer status in the IT/ITES SEZ of M/s. Artha Infratech Pvt. Ltd. located at Plot No. 21, Sector-Techzone IV, Greater Noida (Uttar Pradesh). The Board, after deliberations, approved the proposal of M/s. Wegmans Trustone Commercial Projects LLP as a Co-developer for conversion of warm shell to total ready to move in infrastructure to be leased out to various SEZ units for export including maintaining and managing facility management over two floors (9^th & 10^th floor) of Tower No.1 of approx. 64820 Sq ft. super area in the processing area of IT/ITES SEZ in accordance with the co-developer agreement dated 07.07.2020, subject to compliance with relevant provisions of SEZ Act & Rules. Item No. 99.6 Miscellaneous Cases (four proposals) 99.6(i) Request for one time permission for usage of SEZ Jetty facility/water front of M/s. L&T Hydrocarbon Engineering Ltd., a SEZ unit for transit/despatch of th....
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....ollow the auction procedure as prescribed in Section 150 of the Customs Act, 1962 after ensuring that the material to be auctioned is free from encumbrances. Accordingly, the Board, after deliberations decided that the appeal is inadmissible. Decision on Supplementary Agenda 99.8 Proposal for setting up of new SEZ (one proposal) 99.8(i) Request of Department of Information Technology, Government of Sikkim for setting up of an IT/ITES SEZ at Namli, 8th Mile, Ranipol, East Sikkim over an area of 6.82 Hectares. The Board, after deliberations, decided to grant an "In-principle" approval to the developer. 99.9 Change of name/shareholding pattern of the co-developer (Two proposals) 99.9(i) Proposal for change of name of the co-developer of APSEZ, Mundra from M/s MPSEZ Utilities Pvt. Ltd. to MPEZ Utilities Ltd. The Board, after deliberations, approved the proposal for change of name of the co-developer from M/s MPSEZ Utilities Private Limited to M/s MPSEZ Utilities Limited subject to the following conditions:- i. Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for the altered co-developer entity; ii. Fulfi....
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....plicable 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 co-developer shall furnish details of PAN and jurisdictional assessing officer of the codeveloper to CBDT. 99.10 Request of co-developer for additional area (Three cases) 99.10 (i) Application of Co-Developer, M/s. ATS savvy Developers LLP in GIFT Multi Services SEZ for approval of Authorized Operations. The Board, after deliberations, approved the proposal of M/s. ATS Savvy Developers LLP, co-developer for authorized operations i.e. 'multi-level car parking' to be undertaken in the additional area of 2888 sq. mtrs. of the Processing Area in the SEZ subject to execution of necessary agreement with the developer. 99.10(ii) Request of M/s. ATS Savvy Developers LLP, a Co-Developer in Multi Services Special Economic Zone at Village Ratanpur, District Gandhinagar, Gujarat, being developed by M/s. GIFT SEZ Ltd. for approval of an additional built-up area admeasuring 1671 sq. ft. The Board, after deliberations, approved the p....