TaxTMI 
TaxTMI 
Minutes of the 129th meeting of the Board of Approval (BoA) for SEZs held on 6th June, 2025 at New Delhi
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.... a period of one-year. The Board, after deliberations, granted extension of validity of LoA for a further period of one year, i.e., upto 20.05.2026. Agenda Item No. 129.3: Request for Co-Developer status [ 4 proposals - 129.3(i) - 129.3(iv)] 129.3(i) Request of M/s. High Glory Footwear India Pvt. Ltd., Co- Developer status in M/s. SIPCOT, A Saathanur Village Ullundurpet Kallakurichi-Tamil Nadu-MEPZ The Board, after deliberations, approved the proposal of M/s. High Glory Footwear India Pvt. Ltd. for Co-developer status in the M/s. State Industries Promotion Corporation of Tamil Nadu (SIPCOT) at SIPCOT, A Saathanur Village Ullundurpet Kallakurichi, Tamil Nadu to create, maintain, and operate infrastructure facilities for captive unit over an area 73.9563 hectares, in accordance with the co- development agreement dated 22.04.2025, entered into with the Developer (M/s. State Industries Promotion Corporation of Tamil Nadu (SIPCOT) 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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.... said area over an area 1,25,048.98 sq. ft., in accordance with the co- development agreement dated 02.04.2025, entered into with the Developer (M/s. Phoenix Tech Zone Pvt. Ltd.) 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. 129.3(iv) Request of M/s. Saini Electrical & Engineering Works as co- developer within the processing area in MIHAN SEZ, located at Plot No. 6B1, Sector - 11 at MIHAN SEZ, Nagpur. The Board, after deliberations, approved the proposal of M/s. Saini Electrical & Engineering Works for Co-developer status in the M/s. Maharashtra Airport Development Company Ltd. (MIHAN) at Plot No. 6B1, Sector-11 at MIHAN SEZ, Nagpur for Construction of Building and demarc....
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....ations, approved the proposal of the Co-Developer of the GIFT-SEZ, M/s. Nila Urban Living Private Limitedfor additional apurtenant land admeasuring 451 Sq. mt. below grade level beyond the basement extent for the residential building in Plot No. 26C at Block No. 26 in dual use area of NPA in GIFT-SEZ, Gandhinagar. Thus, the activities will be performed by the co-developer on 6,001 sq. mt. of land (5,550 sq. mt of land area at grade level already approved + additional appurtenant land admeasuring 451 sq. mt. below grade level beyond the basement extent), in accordance with the Supplemental Agreement-2 to co- developer agreement dated 04.10.2024 entered into with the Developer 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. 129.5: Request for conversion of Processing Area into N....
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....iberations, permitted the demarcation of the following area as Non-Processing Area in terms of Rule 11B of SEZ Rules, 2006: - Block/Tower Floor No. Built Up Area (sq. mtrs.) Block 2 3rd Floor 4391 Block 4 Ninth Floor 5467 Eighth Floor 5467 Seventh Floor 5467 Sixth Floor 5467 Fifth Floor 5467 Fourth Floor 5467 Third Floor 5467 Second Floor 5467 First Floor 4211 Ground floor 2871 Total in sq. mts. 55,209 Item no. 129.6: Request for setting up of new SEZ [2 proposals - 129.6(i) - 129.6(ii)] 129.6(i) Formal approval to M/s Hubballi Durable Goods Cluster Private Limited for setting up a Sector Specific Special Economic Zone for Electronics Components manufacturing & services in Itigatti Village, Dharwad, Karnataka State of over an area of 11.549 Ha. The Board, after deliberations, and in view of the amendment to Rule 5(2) (a) Of the SEZ Rules, 2006 notified vide GSR 364(E), dated 03.06.2025, thereby enabling the establishment of an SEZ for manufacturing of semiconductors or electronic components on contiguous land area of at least 10 Ha, granted formal approval to the proposal....
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....lished is mortgaged to the authorised agency of the Central Government (ISM). The Board further observed that said Unit (Main Site) of MSTI where the SEZ is proposed to be established has completely exited from the Manufacturing and Other Operations in (Customs Bonded) Warehouse Regulations (MOOWR) Scheme of CBIC, D/0 Revenue, and has surrendered its licence under the said Scheme following the due procedure. Upon visiting the said premises, the Development Commissioner, KASEZ has also certified that the applicant complies with all the relevant conditions for establishment of an SEZ. The Board, after deliberations, and in view of the above observations as well as considering the amendment to Rule 5(2)(a) Of the SEZ Rules, 2006 vide Notification dated 03.06.2025 thereby enabling the establishment of an SEZ for manufacturing of semiconductors or electronic components on contiguous land area of at least 10 Ha, granted formal approval to M/s. Micron Semiconductor Technology India Pvt. Ltd. for setting up of a Multi-Product SEZ at Sanand, Ahmedabad, Gujarat over an area of 37.64 hectare. Agenda item no. 129.7: Industrial License [1 proposal: 129.7(i)] 129.7(i) Proposal of ....
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....oard directed in nature, the Board directed the Development Commissioner concerned to put up a detailed case for examination of the Department if such proposals/approvals could be considered for a longer period. DC, NSEZ may send a suitable proposal in this regard. 129.8(ii) Proposal of M/s. Quarkcity India Pvt. Ltd., Developer for approval of 'Restricted Gases' item to carry out authorized operations in the IT/ITES SEZ at A40A, Industrial Area, Phase-VIIIB, Mohali, Punjab. The Board, after deliberations, approved the proposal of M/s. Quarkcity India Pvt. Ltd. for Developer for approval for allowing the Gases in the nature of 'Restricted Items' to carry out authorized operations in the IT/ITES SEZ at A40A, Industrial Area, Phase-VIIIB, Mohali, Punjab as under: S.No. Authorized operations S. No. at Default list of materials as per Inst. No. 50 & 54 Estimated Cost Lakhs) i. Air Conditioning of processing area GAS (ITC HS Code: 2903) (S. No. 43 of list of material) 21 3.00 Total 3.00 In addition to above, and in light of the fact that such proposals are recurr....
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....ctor acted in official capacity and the company is vicariously liable. The Board, after deliberations, concluded that the contention raised by appellant in their written as well as oral submissions are negated by the fact and evidence of the case. The Board observed that the appellant persistently violated the regulations under the Customs Act, including misdeclaration and misuse of IEC, at different instances. Further, the Board also observed that the evasive action of the appellant and submission of false information regarding their antecedents was also found true. The Board, after deliberations, upheld the decision of the UAC, MEPZ and dismissed the above two appeals of M/s. VJP Shipping India Pvt. Ltd. The cancellation of LoA at NDR SEZ and the rejection of the proposal for setting up FTWZ Unit at New Chennai Township SEZ are found to be legal, proper, and sustainable under the SEZ Act, 2005, and relevant rules and notifications. 129.9(iii) Appeal filed by M/s. Shivansh Terminals LLP under the provision of Section 16(4) of the SEZ Act, 2005 against the Order-in-Original dated 02.01.2025 passed by DC, APSEZ, Mundra. The Board took the reference of the appellant's....
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....ll stand automatically cancelled if the Unit fails to comply with the above conditions. DC, Falta SEZ was directed to review the progress of the Unit from time to time. 129.9(v) Appeal filed by M/s. Varsur Impex Pvt. Ltd. in KASEZ under the provision of Section 16(4) of the SEZ Act, 2005 against the Order-in-Original dated 10.09.2024 passed by DC, KASEZ. The Board heard the appellant. The Board noted that Betelnut/Arecanut and Pepper are highly sensitive smuggling due to high tariff value and duty structure of 110% plus IGST. Further, there is the condition of Minimum Import Price (MIP) on the commodities. All of this makes it a lucrative commodity for smuggling and diversion. Various cases in the recent past have been booked by DRI and SIIB in relation to Arecanut/Betelnut diversion and smuggling activities involving various SEZ units due to high BCD on them. The board observed that the Approval Committee in its 195th UAC meeting deliberated on the issue and unanimously decided to withdraw all approvals for warehousing of Betel Nuts and Pepper by SEZ units solely providing warehousing services on behalf of clients under powers conferred to it under Section 14(1)(f) of SEZ Ac....
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....e Board, after deliberations, permitted the demarcation of the following area as Non-Processing Area in terms of Rule 11B of SEZ Rules, 2006: - Floor No. Total built-up area (in Sq. mtr.) 2nd floor 6629.15 4th floor 6629.15 5th floor 6629.15 6th floor 6629.15 Total: 26,516.60 129.10(ii) Request of M/s. Phoenix Infocity Pvt. Ltd., Developer IT/ITES SEZ at Gachibowli Village, Serilingampally Mandal, Ranga Reddy District, Telangana for demarcation of their SEZ under Rule 11B of SEZ (Fifth Amendment) Rules, 2023 The Board, after deliberations, permitted the demarcation of the following area as Non-Processing Area in terms of Rule 11B of SEZ Rules, 2006: - Floor No. Total built-up area (in Sq. mtr.) Floor 1 3370.56 Floor 2 3370.56 Floor 3 3370.56 Floor 4 3370.56 Floor 5 3370.56 Floor 6 3370.56 TOTAL 20,223.36 129.10(iii) Proposal of M/s. Manjri Stud Farm Pvt. Ltd (SEZ Developer) IT/ITES SEZ at Phursungi, Pune, Maharashtra for Demarcation of Built-up Floors as Non-Processing Area (NPA) in terms of Rule 11B of SEZ Rules, 20....