TaxTMI 
TaxTMI 
Minutes of the 124th meeting of the Board of Approval for SEZs held on 5th November, 2024 in Vanijya Bhawan, New Delhi
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....the Board are as below: Item No. 124.1: Ratification of the minutes of the 123rd meeting of the Board of Approval for Special Economic Zones (SEZS) held on 04th October, 2024. The Board ratified the minutes of the 123rd meeting of the BoA for SEZs held on 4^th October, 2024. Item No. 124.2 Request for extension of validity of In-principle/Formal approval [3 proposals 124.2(i) to 124.2(iii)] 124.2(i) Proposal of M/s. Dahej SEZ Limited for extension of "in- principal approval" granted for setting up of a Multi-Sector SEZ at Pakhajan, Tal. Vagra, Dist. Bharuch, Gujarat over an area of 650 Ha. The Board, after deliberations, granted extension of validity of the In-Principle Approval for a further period of one year, i.e., u....
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....ved Limited for Co-developer status in the MIHAN SEZ at Plot No. 15,16 & 18, Sector- 12A, Nagpur for Construction of buildings, demarcation of plot for SEZ units for multi- products and services industry with associated infrastructure as constructed, bare warm shell and warm shell with Plug & Play facilities, Internet & Wi-Fi facilities, Common Cafeteria, Common Garden, Power and its back-up facilities and maintenance thereof, Roads Networks, Water, Electricity, Security, fire and water protection system and other Authorized Operations as allowed under Instruction No. 50 dated 15.03.2010 issued by DoC, over an area of 4,29,199.89 Sq. Mtr. (106.0576 Acres), in accordance with the Co-developer Agreement dated 02.01.2024 entered into with the ....
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....e the right to examine the taxability of the income by way of lease rentals/down payment/premium, etc. for the purpose of assessment under the prevalent Income-tax Act, 1961 and Income-tax Rules, 1962 as amended from time to time. The lease period shall be in accordance with DoC's Instruction No. 98 dated 29th August, 2019. Item No. 124.5: Request for conversion of processing area into non-processing area under Rule 11(B) [1 proposal - 124.5(i)] 124.5(i) Proposal of M/s. Divyasree NSL Infrastructure Pvt. Ltd. For Demarcation of Built-Up Area as Non-Processing Area of a notified IT/ITES SEZ. The Board, after deliberations, permitted the demarcation of the following area as Non-Processing Area in terms of Rule 11B of SEZ Rules....
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....tate Information Technology Infrastructure Limited (KSITIL), IT/ITES SEZ at Eramam Village, Thaliparambu Taluk, Kannur District, Kerala. 124.6(iii) Proposal of M/s. Arshiya Limited, for full de-notification of their FTWZ at Village Bori, Taluka and District Nagpur, Maharashtra. The Board, after deliberations, recommended the de-notification of the entire SEZ of M/s. Arshiya Limited, IT/ITES SEZ at Village Bori, Taluka and District Nagpur, Maharashtra. 124.6(iv) Proposal of M/s. Qubix Business Park Pvt. Ltd. for partial de-notification of 1.4787 Ha out of 10.1766 Ha of their IT/ITES SEZ at Rajiv Gandhi Infotech Park, Phase-I, Hinjewadi Pune, Maharashtra. The Board, after deliberations, recommended the partial de-notification of 1....
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....ticle of Textiles' sector in Gujarat. Further, DC, KASEZ recommended the proposal with a request for a waiver of the minimum land area requirement. Accordingly, the Board, after deliberations, recommended suitable amendment to be effected to Annexure-II to Rule 5(3)(c) of the SEZ Rules, 2006 to enable the proposed partial denotification. Item No. 124.7 Appeal [3 cases 124.7(i) to 124.7(iii)] 124.7(i) Appeal filed by M/s. C Tech Corporation under the provision of Section 16(4) of the SEZ Act, 2005 against the Order-in-Original dated 11.06.2024 passed by DC, Surat SEZ. The Board took note of the submissions made by the appellant regarding their business plan, export orders and time-frame to commence manufacturing along with....