TaxTMI 
TaxTMI 
Minutes of the 108th meeting of the Board of Approval for SEZ held on 27th January, 2022 to consider setting up of Special Economic Zones and other miscellaneous proposals
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....langana beyond 18.01.2022. The Board, after deliberations, approved extension of the validity of formal approval up to 18th January, 2023. 108.2(ii) Request of M/s Phoenix Tech Zone Pvt. Limited for further extension of the validity period of formal approval granted for setting up of IT/ITES SEZ at Sy. No. 118 (P), 120 (P), 121 (P), 122 (P) & 138 (P), Nanakramguda Village, Serilingampally Mandal, Ranga Reddy District, Telangana beyond 06.12.2021. The Board, after deliberations, approved extension of the validity of formal approval up to 6th December, 2022. 108.3 Request for extension of LoA of the unit (three proposals) 108.3(i) Request of M/s Varsha Corporation Limited, a unit located at Arshiya FTWZ, Panvel, Raigad, Maharashtra for extension of the Letter of Approval (LOA) upto 30.12.2015. The Board observed that : i. The validity of the LoA of the unit had expired in the year 2015. ii. In terms of Rule 19(5) of the SEZ Rules, 2006, if the unit has not commenced production of service activity within the validity period or the extended validity period under sub-rule (4), the Letter of Approval shall be deemed to have been lapsed with effect from the date on which its val....
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....ea of 1325 Ha in accordance with the co-developer agreement dated 12.08.2021 entered into with the developer subject to standard terms and conditions as per the SEZ Act and Rules provided that the lease period shall be in accordance with DoC's Instruction No. 98 dated 29.08.2019. The approval shall also be subject to the condition that no duty benefits of any kind will be given to M/s Sarguja Rail Corridor Pvt. Ltd. for procurement of any material or services. 108.4(iii) Request of M/s Crownstone Constructions Private Limited for co-developer status in Aequs SEZ Pvt Ltd-SEZ, located at No. 55, Aequs Towers, Whitefield Main Road, Mahadevpura Post, Koppal, Bangalore, Karnataka for construction and development of infrastructure activities. The Board, after deliberations, approved the proposal of M/s. Crownstone Constructions Private Limited for co-developer status for construction of units, development plan, road, external infrastructure for SEZ, water supply, security system, drainage system, sewage system, solid waste management, power supply, medical and food facility. The proposed number of units are 48 which shall cover total area of 5,76,000 sq.mtrs. of the processing are....
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....Economic Zone. The Board, after deliberations, approved cancellation of co-developer status granted to M/s. Syngene International Limited in the aforesaid SEZ and directed DC to ensure that the revenue is safeguarded and an undertaking is taken for indemnity against any future liability. 108.6 Miscellaneous Cases (one proposal) 108.6 (i) Request of M/s. Rain CII Carbon (Vizag) Limited (RCCVL) for permission for doing Job Work, wherein Foreign Buyers will supply Raw Petroleum Coke (RPC) and Calcined Petroleum Coke (CPC) as Raw Materials and take back the finished product, CPC. The representation dated 21.01.2021 of the unit was considered by the Board of Approval in compliance of the directions of the Hon'ble High Court of Andhra Pradesh in its order dated 10.12.2021. The Board noted that the quantitative restriction imposed by the Hon'ble Supreme Court on import of RPC/CPC exist both for the DTA as well as the SEZ units. As such, the powers of Board of Approval are curtailed by the quantitative restrictions imposed by the Hon'ble Supreme Court. The Board, therefore, concluded that the request of the unit is not tenable unless the unit is provided explicit relief by....
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....Properties LLP for codeveloper status for construction, development, maintenance and operation of commercial building over an area admeasuring 4414 square meters within GIFT-SEZ processing area in accordance with the draft lease-cum-development agreement entered into with the developer subject to standard terms and conditions as per the SEZ Act and Rules provided that the lease period shall be in accordance with Doc's Instruction No. 98 dated 29.08.2019. 108.9 Miscellaneous cases (two proposals) 108.9(i) Request of M/s. Accord IT Society for cancellation of co-developer status in M/s. Phoenix Tech Zone Pvt. Ltd., IT/ITES SEZ at Sy. No. 203 (P) Manikonda Village, Rajendra Nagar Mandal, Ranga Reddy District, Telangana. The Board, after deliberations, approved cancellation of co-developer status granted to M/s. Accord IT Society in the aforesaid SEZ. 108.9(ii) Request of the developer, M/s. GIFT SEZ Limited, Gandhinagar, Gujarat for creation of dual use area in the demarcated non-processing area of the notified SEZ under Rule-II-A of the SEZ Rules, 2006. The Board, after deliberations, approved the proposal subject to fulfilment of condition laid down in Rule 11A of the SEZ R....