TaxTMI 
TaxTMI 
Minutes of the 112th meeting of the Board of Approval for SEZs held on 29th October, 2022
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....Approval held on 28th July, 2022. The Board ratified the minutes of the 111^th meeting of the BoA held on 28th July, 2022. 112.2 Request for extension of validity of formal approval of developer (one proposal) 112.2(i) Proposal of M/s Venkatesh Coke and Power Limited for setting aside the 3.87 Ha land and notify 42.84 Ha of land from the total area of 46.71 ha for which 'formal approval' was granted for setting up of FTWZ at Athipattu, Nandiambakkam & Puzhuthivakkam Villages, Ponneri Taluk, Thiruvallur District, Tamil Nadu. The Board, after deliberations, approved extension of the validity of formal approval for a period of one year upto 2nd October, 2023 and also approved request of the Developer for notifying the area ....
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....ter deliberations, approved extension of the validity of LoA for a period of six months upto 30th April, 2023 subject to review of performance and projected production. 112.4 Request for co-developer status (one proposal) 112.4(i) Request of M/s. Blue Star Realtors Limited for approval as Co-Developer in multi product SEZ developed by MIS. Adani Port and SEZ Ltd. at Mundra. The Board, after deliberations, approved the proposal of M/s. Blue Star Realtors Limited for co-developer status to develop, operate and maintain sheds/warehouses, logistics, ready to use facilities including built-to-suit and Standard Design Factories across the entire Mundra SEZ area on need basis in accordance with the co-developer agreement dated 23rd August....
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.... 112.6 Renewal of LoA of plastic recycling units 112.6(i) Request for renewal of LoA of the plastic recycling units in Kandla SEZ, Falta SEZ and Noida SEZ for a period of five years. The Board was informed that in the previous Board meeting (111th meeting held on 28.07.2022), it was decided that the plastic recycling units which did not fulfill the three obligations stipulated vide DoC's policy dated 27.05.2021 viz. - 1. NFE obligation; 2. turnover based exports and 3. tonnage based exports - would not qualify for renewal of validity of their Letter of Approvals beyond 26.08.2022. Total 14 SEZ units (7 units in KASEZ, 6 units in FSEZ and 1 unit in NSEZ) which could not qualify have approached the respective Development Commissione....
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....ortfall in achievement of their obligations, despite the fact that the obligations stipulated in DOC policy dt. 27.05.2021 were not fulfilled by these units earlier. During further discussions, DoR again stated that its opposition is based primarily on policy conditions including shortfall in NFE. It was also noted that several units were not operational or they have not exported during the 18 month period of extension so there seems to be no intent of fulfilling the obligation by them. This may be also be considered by the BoA. While deliberating on the proposal, Board noted that- • The sector has significant employment potential and provides employment to several thousand employees; • These employees are ma....
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.... any DTA sales till they fulfil the shortfall of NFE and export obligations for the period upto their period of expiry of validity i.e. 26th August 2022. On fulfillment of shortfall in NFE and other export obligations as stipulated above which shall be confirmed by the jurisdictional DC, and the DC may allow DTA sale to units subject to fulfilling of policy dated 27.05.2021. 4. The extension would be granted for a further period upto five years from 27th August, 2022 onwards to align the validity with other units. Such extension shall be on temporary basis only, which will be reviewed by Development Commissioner concerned from time to time. The Board further directed that all the concerned Development Commissioners shall take ne....
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....ons as stipulated by the MoEF&CC vide their letter dated 01.08.2022 are complied with. The meeting ended with the vote of thanks from Director (SEZ) to the Chair and the participants. ANNEXURE - I List of Participants of the Meeting of the Board of Approval for Special Economic Zones held on 29th October, 2022 under the Chairmanship of Commerce Secretary, Department of Commerce. 1. Shri Sunil Barthwal, Chairman, BoA & Commerce Secretary, Department of Commerce. 2. Shri L. Satya Srinivas, Additional Secretary, Department of Commerce. 3. Shri Santosh Kumar Sarangi, DG, Directorate General of Foreign Trade. 4. Shri Manish Kumar, Addl. DG, DGEP, Department of Revenue 5. Dr. Shanmuga Sundaram....