TaxTMI 
TaxTMI 
Minutes of the 134th meeting of the Board of Approval for SEZs held on 20th November, 2025 and 26th November, 2025.
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....od of one year i.e. 30.12.2026. DC, Adani Port SEZ informed the Board that considering the size of the project, the unit has submitted that the project activities will be ready in another 1 year and thereafter the trial run may take another 6-9 months. Accordingly, the commercial production is expected to start by the end of 2027. It was informed that while the LoA was issued in December, 2021, due to Covid pandemic and other issues, the start of the project and commissioning was rescheduled. The project completion status is under the prescribed two-thirds of activities for grant of further extension by DC. However, the project activities are progressing in full swing. After consideration of the reasons for delay, substantial activities undertaken and investment made, the Board being satisfied that it is necessary and expedient in pursuance to Rule 19(4) of SEZ Rules, 2006, granted extension of validity of LoA for a further period of one year, i.e., upto 30.12.2026. 134.2(ii) Request of M/s. Padmavati Industries in the Mahindra World City (Jaipur) Ltd. Multi-Product SEZ at Jaipur (Rajasthan) for extension of LoA beyond 25.03.2020 upto 25.03.2026. The matter was discusse....
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.... in pursuance to third proviso to Rule 19(4) of SEZ Rules, 2006, granted extension of validity of LoA for a further period of one year, i.e., upto 31.10.2026, as the written explanation/justification submitted by Unit was considered and recommendations by DC, Mangalore SEZ, was found satisfactory. 134.2(iv) Request of M/s. Knitpro International in the Mahindra World City (Jaipur) Ltd. Multi-Product SEZ at Jaipur (Rajasthan) for extension of LOA for one year i.e. from 11.08.2025 to 10.08.2026. DC, NSEZ informed the Board that two extensions have already been granted to the Unit for commencement of operations. However, due to the Group's focused engagement in other major projects in SEZ, there has been a slight delay in initiating construction activities for this unit. The DC stated that the Unit has informed that civil construction and installation of machinery is expected to be completed by 31st March, 2027 and trial production is scheduled for April 2027. However, two-thirds of construction activity has not yet been completed. It was added that as per records, there is substantial NFE earning for current block year, by their two sister concerns SEZ units located in Noida....
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....s in SmartCity (Kochi) Infrastructure Private Limited SEZ, Ernakulam. The proposal of M/s Aryabhangy Holdings Private Limited for Co-Developer status in the M/s. SmartCity (Kochi) Infrastructure Private Limited SEZ, Ernakulam District, Kerala over an area of 0.60 Ha for construction of IT/ITES Infrastructure and leasing out of buildings, was discussed. The Board observed that M/s Aryabhangy Holdings Private Limited, Co-Developer, has entered into an agreement with the Developer (M/s. SmartCity (Kochi) Infrastructure Private Limited) on 04.06.2025, which is a condition required to be fulfilled under Section 3(11) of SEZ Act, 2005, and the DC has also recommended the proposal. Therefore, the Board approved the proposal of M/s Aryabhangy Holdings Private Limited for Co-Developer status in the M/s. SmartCity (Kochi) Infrastructure Private Limited SEZ, Ernakulam District, Kerala over an area of 0.60 Ha for construction of IT/ITES Infrastructure and leasing out of buildings, subject to the condition that co- developer must submit the certificate in compliance to Rule 11A(3)(c) of SEZ Rules and subject to standard terms and conditions as per the SEZ Act and Rules. Further, the As....
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....ucture development (Data Center), creation of infrastructure development, operation and maintenance for the data center over an area of 0.8094 Hectares (2 acres) of land in non-processing area at Plot No. B2-2-1 in the SEZ for duty paid dual use of infrastructure. The Board observed that M/s CtrlS Data Centers Limited, Co-Developer has entered into an agreement with the Developer (M/s. SmartCity (Kochi) Infrastructure Private Limited) on 14.08.2025, which is a condition required to be fulfilled under Section 3(11) of SEZ Act,2005, and also DC has recommended the proposal. Therefore, the Board approved the proposal of M/s CtrlS Data Centers Limited for Co-Developer status in the M/s. SmartCity (Kochi) Infrastructure Private Limited SEZ, Ernakulam District, Kerala over an area of 0.8094 Hectares (2 acres) of land in non-processing area at Plot No. B2-2-1 in the SEZ subject to the conditions of Rule 11A (3)(c) of SEZ Rules, 2006. Further, subject to the condition that co-developer must submit the certificate in compliance to Rule 11A(3)(c) of SEZ Rules and subject to standard terms and conditions as per the SEZ Act and Rules. Further, the Assessing Officer will have the right to....
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.... the reasons for instant de-notification proposal are majorly market conditions, depletion in demand of SEZ space and resultant requirement of non-SEZ space. Site inspection has also been carried out by O/o DC, VSEZ along with Customs and State revenue officers. It has been found that the constructed built up area proposed to be de-notified is vacant and having no units in the said area. The area remaining after the proposed partial de-notification is contiguous meeting all the requirements of built-up area in terms of SEZ Act and Rules and without any public thoroughfare. Further, all tax/ duty have been refunded to the satisfaction of DC and State Govt. has provided its 'No Objection'. The Board, being satisfied, in pursuance to first proviso to Rule 8 of SEZ Rules, 2006, approved the partial de-notification of 1.3510 Ha out of 2.429 Ha of M/s. Laxmi Infobahn One Pvt. Ltd, IT/ITES SEZ at Sy. No.89/P, Kokapet Village, Gandipet Mandal, Ranga Reddy District, Telangana. Agenda Item No. 134.6: Request for conversion of Processing Area into Non-Processing Area under Rule 11(B) [ 4 proposals - 134.6(i) - 134.6(iv)] 134.6(i) Request of M/s Gopalan Enterprises (India) ....
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....the following area as Non Processing Area in terms of Rule 11B of SEZ Rules, 2006: - Building /Tower / Block No. No. of floors Total built-up area (in M^2) Block A1 Extension Stilt Floor 1950.95 Block A1 Extension Ground Floor 1950.95 Block A1 Extension First Floor 1950.95 Block A1 Extension Second Floor 1950.95 Total 7803.8 In addition to above, the Board stated that the responsibility to ensure that all the extant provisions relating to demarcation of processing area to non-processing area are implemented in letter and spirit, lies with the concerned DC. Further, the DC Concerned shall also ensure that all the applicable duty benefits have been calculated in toto and the same has been fully repaid. 134.6(iv) Request of M/s Phoenix Tech Zone Private Limited, Developer, for demarcation of SEZ Processing Built-up area 18,363.93 sq.mtr as Non-Processing Area. The Board, after deliberations, permitted the demarcation of the following area as Non-Processing Area in terms of Rule 11B of SEZ Rules, 2006: - Building / Tower / Block No. No. of floors Total built-up area (in M^2) Centaurus Building 1st F....
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....uilt-up area to the Developer viz. M/s. Manyata Embassy Business Park SEZ in connection with the business requirement. The Co-Developer has submitted following documents :- i. "No Objection Certificate" issued by the Developer, M/s. Manyata Promoters Private Limited for Surrender of space; ii. "No Dues Certificate" issued by Specified Officer. Accordingly, the Board, after deliberations, approved the proposal of M/s ANSR Global Corporation Private Limited (Co-developer), for partial surrender of area of 90,114 Sq.ft of built-up area in the 2nd & 4th Floors of Li building of SEZ to the Developer (M/s. Manyata Embassy Business Park SEZ). 134.7(iii) Request of M/s. Allwin Medical Devices Pvt. Ltd. Plot No. 221, 223 & 230, Surat SEZ for Change of Directors as well as Share Holding Pattern - Reg. M/s Allwin Medical Devices Pvt. Ltd. was issued the Letter of Approval dated 25.01.2007 for Manufacturing activity of Medical Devices and Trading of Medical Devices. It requested for change of Directors as well as Shareholding Pattern. One of the proposed Shareholders is a foreign entity holding 80% share in M/s Allwin Medical Devices. Section 9 (2)(c) of SEZ Act, ....
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.... Sale of Company from M/s R. N. Laboratories to M/s Garonit Pharmaceuticals Pvt. Ltd. One of the proposed shareholders is a foreign entity holding 99.99% shares. Further, the proposed FDI does not fall under the automatic route as per DPIIT FDI policy. Section 9 (2)(c) of SEZ Act, 2005 states that the power of BoA shall include granting of approval to the Developer or Units (other than the Developer or the Units which are exempt from obtaining approval under any law or by the Central Government) for foreign collaborations and foreign direct investments (including investments by a person resident outside India), in the Special Economic Zone for its development, operation and maintenance. The matter was examined on file and it was observed that as per Para 5.2.27.2 of Consolidated FDI Policy of DPIIT effective from 15.10.2020, Government Approval is required for FDI beyond 74% in 'Pharmaceutical - Brownfield' sector. The matter was referred to Department for Promotion of Industry and Internal Trade (DPIIT). DPIIT observed that Para 4.1.8 of FDI Policy stipulates "The monitoring of the compliance of conditions under the FDI approvals, including the past cases approved by....
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....red the appeal due to paucity of time. 134.8(iii) Appeal dated 17.07.2025 filed by M/s Diligent Logistics Solution Pvt. Ltd. in NSEZ under the provision of Section 15(4) of the SEZ Act, 2005 against the decision of UAC meeting held on 05.06.2025. The Board in 134th meeting, deferred the appeal due to paucity of time. Supplementary Agenda for the 134th meeting of the Board of Approval Agenda Item No. 134.9: Request for extension of LoA of SEZ Unit [1 proposal - 134.9(i)] 134.9(i) Request of M/s. Fishin India Private Limited in ELCOT SEZ at Gangaikondan, Tirunelveli, Chennai for the Extension of the Letter of Approval (LOA) for further period of one year i.e. 11.12.2026. DC, MEPZ recommended the proposal for consideration of the Board submitting that the delay has been on account of post COVID challenges, with its ripple effects continue to affect global and local supply chains, seasonal availability of raw material and adverse tariff policies. Further, DC informed that the unit has made substantial progress as well in terms of layout design finalization, completion of soil testing and finalization of domestic and international machinery vendors. Accordingly, ....
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....gs, lease the built-up space and to provide facility management services to IT/ITES SEZ in built- up area of 5284 sq.mtr at 8th Floor of Block C-5 Building (Firefly Block), subject to the condition that co-developer must submit the certificate in compliance to Rule 11A(3)(c) of SEZ Rules and subject to standard terms and conditions as per the SEZ Act and Rules. Further, the Assessing Officer will have 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. Agenda Item No. 134.12: Request for notification or partial/full de-notification [2 proposals 134.12(i)- 134.12(ii)] 134.12(i) Proposal of M/s. DLF Limited, Developer for partial de- notification of 7.1826 Ha out of 10.4813 Ha of IT/ITES SEZ at Plot No. II- F/1, Block-II-F, Action Area II, New Kolkata Township Rajarhat, Kolkata, West Bengal. The Board, after deliberations, deferred the partial de-notification of 7.1826 Ha out of 10.4813 Ha of M/s. DLF....
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....n terms of Rule 11B of SEZ Rules, 2006: - Block No. Floor Area in Sq. Mtr 4 Sixth 2,047.96 4 Seventh 2,047.96 4 Eighth 2,047.96 4 Nineth 2,047.96 4 Tenth 1,932.14 TOTAL 10,123.98 In addition to above, the Board stated that the responsibility to ensure that all the extant provisions relating to demarcation of processing area to non-processing area are implemented in letter and spirit, lies with the concerned DC. Further, the DC Concerned shall also ensure that all the applicable duty benefits have been calculated in toto and the same has been fully recovered. 134.13(ii) Request of M/s Arliga Ecoworld Infrastructure Private Limited (formerly RMZ Ecoworld Infrastructure Pvt. Ltd.), Bangalore, Developer, for demarcation of SEZ Processing Built-up area (40,168.05 sq.mtr.) as Non-Processing Area in terms of Rule 11 B of SEZ Rules 2006 read with Instruction No.115 dated 09.04.2024. The Board, after deliberations, permitted the demarcation of the following area as Non Processing Area in terms of Rule 11B of SEZ Rules, 2006: - Building Description Area in Sq. Mtr 5A Basement 2 + Basement 3 +G+4th to 9th Floo....