TaxTMI 
TaxTMI 
Minutes of the 125th meeting of the Board of Approval for SEZs held on 6th December, 2024 in Vanijya Bhawan
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.... for further extension of the validity period of formal approval, granted for setting up of Manipur IT SEZ at Mantripukhri, Imphal, Manipur. The Board, after deliberations, granted extension of validity of LoA for a further period of one year, i.e., upto 31.10.2025. 125.2(ii) Proposal of M/s. Laxmi Infobahn Aquaduct Private Limited for further extension of the validity period of formal approval, granted for setting up of IT/ITES SEZ at Sy. No. 21/P,22/P, 23 and 24, Kokapet. The Board observed that the Developer has constructed built-up area of 5,22,814 sq.ft. out of the total built-up area of 13,38,645 sq.ft. since the formal approval was granted in 2017. Further, an investment of Rs. 200.71 crores only has been made out of the total proposed investment of Rs. 850 crores. In this regard, the Board heard the representative of the Developer and they informed the Board that once the SEZ requirement increases, they will proceed with constructing the remaining area and investing the balance amount of the total proposed investment. The Board, after deliberations, granted extension of validity of LoA for a further period of one year, i.e., upto 18.01.2026 subject to the con....
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....of flexible workspaces, including design, development, operations, sales & marketing, leasing and onboarding of new and existing tenants. (ii) provision of mobile application for users of development area including technology solutions geared at enhancing tenant engagement & management of amenities, over an area of 10.415 hectares, in accordance with the Co-developer Agreement dated 03.09.2024 entered into with the Developer (Arliga Ecoworld Infrastructure Pvt. Ltd.) 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. 125.4(iii) Proposal of M/s. UCAL Limited, for Co-Developer status in M/s. Mahindra World City, Auto Ancillary SEZ, situated in Plot no. AA4, 6th Avenue, Thenmelpakkam Village, Chengalpattu District, Tamil Nadu. The Board, after deliberations, approved the proposal of M/s. UCAL Limi....
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.... 1AB 2nd Basement+1st Floor (Campus 1A) 15069.33 2 1st & 2nd Basements+1st to 3rd floors 16431.27 4C 2nd Basement+1st+4th +8th +11th Floors 21585.41 5A 1st Basement+1st & 2nd Floors 21512.06 Total 74598.07 125.5(iii) Proposal of M/s. DLF Limited, Kolkata for Demarcation of a portion of SEZ Processing Built-up area to a Non-Processing Area in terms of Rule 11B of SEZ Rules, 2006. 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/ Block wise Floor No. BUA of floor proposed for demarcation as NPA (Sq.mt.) Building 1(Block-C) 1st 1829 Building 1(Block-C) 3rd 1848 Building 1(Block-C) 11th 1861 Building 1(Block-B) 3rd 1574 TOTAL 7,112 125.5(iv) Proposal of M/s. Midas Projects Private Limited, Co-developer, for Demarcation of Built-up Floors as Non-Processing Area of a notified IT/ITES SEZ - VSEZ. The Board, after deliberations, permitted the dem....
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.... 12th Floor 5253.30 13th Floor 5253.30 Ground Floor 4466.00 Upper Basement 9368.33 Common Area (between Block 1 & Block 2) 1612.62 Total 36,605.93 125.5(vii) Proposal of M/s. KRC Infrastructure and Project Pvt. Ltd. and M/s. Gera Holdings Pvt. Ltd. for approval of Demarcation of Built-up Floors as Non-Processing Area (NPA) of 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, 2006: - Details Podium Office Floor and 1to 6 Floor i.e. total 7 Floors Total 30,765.52 Sq.mtrs. 125.5(viii) Proposal of M/s. Manyata Promoters Private Limited, Bangalore, Co-Developer of Embassy Property Developments Private Limited SEZ, for demarcation of SEZ Processing area (Built-up area of 40,767 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 ....
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....langana. Item No. 125.7 Miscellaneous [3 proposals - 125.7(i) to 125.7(iii)] 125.7(i) Proposal in respect of M/s. Digiflex India Limited for Revival of Sick Unit and transfer of assets & liabilities to M/s. Knitpro International. The Board, after deliberations, approved the proposal of M/s. Digiflex India Limited for Revival of Sick Unit and transfer of assets & liabilities to M/s. Knitpro International in terms of Rule 72 of the SEZ Rules, 2006, subject to the following conditions: - i. All the liabilities in terms of duties etc. shall be determined by DC, NSEZ. ii. M/s. Knitpro International shall accept all the liabilities, as determined by the DC, in toto. iii. An undertaking in this regard will be taken by the DC and the same will be submitted to DoC. 125.7(ii) Proposal of M/s. Coforge Limited, Developer for approval of 'Restricted' item to carry on authorized operations in the IT/ITES SEZ at Plot No. TZ- 2 & 2A, Sector-Techzone, Greater Noida (U.P.) The Board, after deliberations, approved the proposal of M/s. Coforge Limited, Developer for duty free procurement of '800 Kg Refrigerant Gas (R-134) - HS Code 29034500'....
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....hin the SEZ for filing various applications. Additionally, it expressed intentions to expand its client base to include foreign entities over time. The Board noted that the applicant's primary business model revolves around servicing firms within the SEZ. This activity does not align with the core objectives of SEZs, which focus on enhancing foreign exchange earnings and promoting exports. Further, the company's plan to eventually secure business from foreign clients was deemed secondary to its primary focus on local clients, further diverging from the SEZ's intended purpose. The Board, after deliberations, upheld the decision of the UAC, MIHAN SEZ, and rejected the appeal of M/s. Peepul Global Services Pvt. Ltd. ANNEXURE-I List of Participants for the 125th Meeting of the Board of Approval for SEZs held on 06.12.2024 under the Chairmanship of Commerce Secretary, Department of Commerce. 1. Shri Sunil Barthwal, Chairman & Commerce Secretary, Department of Commerce 2. Shri L. Satya Srinivas, Additional Secretary, Department of Commerce 3. Shri Vimal Anand, Joint Secretary, DoC 4. Shri Roshan Lal, ADG, DGEP 5. Shr....