Sudha Sharma appointed as Member of CBDT    Rupee hits a high of 48.73 against Dollar   Excise Officers caught burning official files in midight in Aligarh after Income Tax raids on Ponty Chadha     SC cancels 122 licences issued by A Raja during his tenure as Telecom Minister    Laxman Das is Officiating Chairman of CBDT    Tariff Value for import of gold is 556 & for silver 1067 & for Brass Scrap 4078 & for poppy seeds 2205-Customs Non-Tariff Notification No. 10   Fused Silica is classifiable under Tariff Item 32074000-Customs Circular No.3  Additional Commisssioner of Income Tax HA Siddiqui sentenced to 4 years imprisonment for accepting bribe of Rs 1 Lakh by CBI Court in Delhi    Exchange Rate for imported goods is Rs 50.20 Per US Dollar & Rs 66 per EURO-Exchange Rate for export goods is Rs 49.40 per US Dollar & Rs 64.40 per EURO    HC upholds levy of service tax on booking of flats-The explanation which was inserted by the Finance Act of   2010 clearly brings within the fold of taxable service a construction  service provided by the builder to a buyer where there is an intended sale  between the parties whether before, during or after construction    Authority for Advance Ruling rules super concentrates shall be classified as products of the chemical industry under heading 3824 90 90 of Customs Tariff      Anti dumping duty imposed on import of Morpholine from China European Union & USA     Anti dumping duty imposed on import of  Geogrid/Geostrips/ Geostraps made of polyester or Glass fiber in all its forms from      Refund of Anti­-Dumping Duty (Paid in Excess of Actual Margin of Dumping) Rules, 2012 notified-Customs Non-Tariff Notification No.5     Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Amendment Rules, 2012-Customs Non-Tariff Notification No.6     Safeguard duty at the rate of 10% ad  valorem notified on import of Phthalic anhydride, falling under tariff item 2917 35 00-Customs SG Notification No.1     Customs duty on import of Gold, Silver, Cut & Polished Diamonds hiked    Customs duty to be charged at the rate of 2 per cent of Tariff Value on gold and 6 per cent of Tariff Value on silver     Tariff Value for import of gold & silver notified-Customs Non-Tariff Notification No.3     Anti-dumping duty on imports ofSilk fabrics 20-100 gms per metre, falling under heading 5007  originating in, or exported from, China-CustomsTariff Notification No. 2     Anti-dumping duty imposed on imports of Nylon Filament Yarn, falling under Chapter 54 ,originating in, or exported from,  China, Chinese Taipei, Malaysia, Thailand and Korea RP-Customs TariffNotification No.3   Anti-dumping duty imposed on import of Phosphoric Acid of allgrades and all concentrations (excluding Agriculture/Fertilizer Grade) ,falling under tariff item 28092010, originating in, or exported from, Israel and Taiwan-Customs Tariff Notification No.4    Anti-dumping duty on imports of Cellophane Transparent Film , falling under Chapter 39 , originating in, or exported from, China-Customs TariffNotification No.5    Anti-dumping duty onimports of Saccharin, falling under Chapters 29, 30, 33 and 38 ,originating in, or exported from, China-Customs Tariff Notification No.7    Special Bench of ITAT rules the appellant is not entitled to set off carry forward business loss against the long term capital gain arising on sale of land used for the purpose business    ITAT rules Long Term and Short Term gains / losses on sale of equity shares under Portfolio Management Scheme is business income  and not Capital Gains   HC rules the opinion of the AO may have been legally erroneous but this cannot be a ground for initiation of re-assessment proceedings      Anti-dumping duty on ‘Caustic Soda’,  originating in, or exported from, Saudi Arabia, Iran, Japan, USA & France-Customs Tariff Notification No.1    Cost Accountants can issue Certificates for the purpose of refund of 4% CVD-Customs Circular No.1     Customs duty on import from ASEAN nations lowered- Customs Tariff Notification No.127     deeper tariff cut on import from Malaysia notified- Customs Tariff Notification No.128   deeper tariff cuts on import from Korea notified- Customs Tariff Notification No.123  deeper tariff cuts on import from Srilanka & Pakistan under SAFTA notified- Customs Tariff Notification No.125      Schedule of Rates for Service Tax Refund to Exporters notified in supersession of Notification No.17/2009-Service Tax Notification No. 52      Customs duty on import of several products from specified countries lowered-Customs Tariff Notification No.113      Anti-dumping duty on ‘Sodium Hydrosulphite (SHS)’, falling under headings 2831 and 2832 , originating in, or exported from, China PR- Customs Tariff Notification No.111     CBEC specifies documents required for Registration of ServiceTax     Customs duty on import of 532 Products from Singapore lowered-many products exempted from duty-Customs Tariff Notification No. 106     Government allows Rebate of excise duty on export of goods to Nepal under ARE-1 Procedure w.e.f. 1st March 2012-Central Excise Non-Tariff Notification No.24

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LIST OF AUTHORISED ACTIVITIES IN NON-PROCESSING AREA OF SEZs TO BE NOTIFIED

New Delhi: September 21, 2006

 The Board of Approvals in its meeting held on 21st September, 2006 discussed and decided the procedure to be adopted by the Board of Approval while approving infrastructure in the non-processing area of the Special Economic Zones.   In this regard, it was decided that the Central Government will notify a list of authorised operations (Annex. I). This list would be used by the Board of Approval for authorizing operations which only would qualify for exemptions, concessions and drawback.  

            The Board of Approvals also agreed on certain criteria (Annex. II) to  be followed by the Board for approval of  SEZ Developers  

Annexure-I 

List of authorised operations eligible for approval by the Board of Approval  

(A)        IT/ITES, Bio-technology & Gems & Jewellery SEZ: 

i)                     Roads with Street lighting, Signals & Signage

ii)                  Water treatment plant, water supply lines (dedicated lines upto source), sewage lines, storm water drains and water channels of appropriate capacity

iii)                 Sewage and garbage disposal plant, pipelines and other necessary infrastructure for sewage and garbage disposal, Sewage treatment plants

iv)                Electrical, Gas & PNG Distribution Network including necessary sub-stations of appropriate capacity, pipeline network etc

v)                  Security offices, police posts, etc, at entry, exit and other points within and along the periphery of the site.

vi)                 Effluent treatment plant and pipelines and other infrastructure for Effluent treatment

vii)                Office space

viii)              Parking including Multi-level car parking (automated / manual)

ix)                  Telecom and other communication facilities including internet connectivity

x)                    Rain water harvesting plant

xi)                  Power ( including power back up facilities) 

xii)                 Air conditioning

xiii)               Swimming pool

xiv)               Fire protection system with sprinklers, fire and smoke detectors

xv)                Recreational facilities including club house, Indoor/Outdoor games, gymnasium

xvi)               Employee welfare facilities like ATMs, Crèche, Medical center and other such facilities

xvii)             Shopping arcade/Retail space

xviii)            Business/Convention Centre

xix)                Common Data centre with inter-connectivity

xx)                 Housing/Service apartments

xxi)                Play ground

xxii)              Bus bay

xxiii)             Food Services including Cafeteria, food court(s), Restaurants, coffee shops, canteens and catering facilities

xxiv)            Landscaping and water bodies

xxv)              Clinic & Medical Centers

xxvi)            Wi Fi/Wi Max Services

xxvii)           Drip and Micro irrigation systems

xxviii)         Any other operation ancillary or incidental to operations specified above from  (i) to (xxviii) which the Board of Approval may authorise from time to time.

(B)        Sector Specific SEZs  

i)                     Roads with Street lighting, Signals and Signage.

ii)                  Water treatment plant, water supply lines, sewage lines, storm water drains and water channels of appropriate capacity

iii)                 Sewage and garbage disposal plant, pipelines and other necessary infrastructure for sewage and garbage disposal and Sewage treatment plants

iv)                Electrical, Gas & PNG Distribution Network including necessary sub-stations of appropriate capacity, pipeline network etc

v)                  Security offices and police posts at entry, exit and other points within and along the periphery of the site.

vi)                 Effluent treatment plant and pipelines and other infrastructure for Effluent treatment

vii)                Office space/Shopping arcade/Retail space/ Multiplex

viii)              Housing

ix)                  Hotel/Service apartments 

x)                    Clinic / Medical Centers/ Hospital

xi)                  School/Technical Institution/Educational Institution 

xii)                 Parking including Multi-level car parking (automated / manual)

xiii)               Telecom and other communication facilities including internet connectivity

xiv)               Business/Convention Centre

xv)                Common Data centre with inter-connectivity

xvi)               Rain water harvesting plant

xvii)             Power (including power back up facilities

xviii)            Rail head

xix)                Access control and Monitoring system

xx)                 Swimming pool

xxi)                Fire Station, Fire protection system with sprinklers, fire and smoke detectors

xxii)              Recreational facilities including club house, Indoor/Outdoor games and  gymnasium

xxiii)             Employee welfare facilities like ATMs, Crèche, Medical center and other such facilities

xxiv)            Play grounds

xxv)              Bus bays

xxvi)            Food Services including Cafeteria, food court(s), Restaurants, coffee shops, canteens and catering facilities

xxvii)           Landscaping and water bodies

xxviii)         Wi Fi/Wi Max Services

xxix)             Drip and Micro irrigation systems

xxx)               Any other operation ancillary or incidental to operations specified above from  (i) to (xxix) which the Board of Approval may authorise from time to time.

(C)        Multi Product SEZs

i)                     Roads with Street lighting, Signals and Signage

ii)                  Water treatment plant, water supply lines, sewage lines, storm water drains and water channels of appropriate capacity

iii)                 Sewage and garbage disposal plant, pipelines and other necessary infrastructure for sewage and garbage disposal and Sewage treatment plants

iv)                Electrical, Gas & PNG Distribution Network including necessary sub-stations of appropriate capacity, pipeline network etc

v)                  Security offices and police posts at entry, exit and other points within and along the periphery of the site.

vi)                 Effluent treatment plant and pipelines and other infrastructure for Effluent treatment

vii)                Office space/Shopping arcade/Retail space/multiplexes

viii)              Housing

ix)                  Hotel

x)                    Clinic /Medical Centers / Hospital

xi)                  School/Technical Institution/Educational Institution 

xii)                 Parking including Multi-level car parking (automated / manual)

xiii)               Access control and Monitoring system

xiv)               Telecom and other communication facilities including internet connectivity

xv)                Rain water harvesting plant

xvi)               Power ( including power back up facilities) 

xvii)             Swimming pool

xviii)            Fire Station, Fire protection system with sprinklers, fire and smoke detectors

xix)                Rail head within the SEZ

xx)                 Port

xxi)                Airport/Air Cargo Complex

xxii)              ICD

xxiii)             Banks

xxiv)            Recreational facilities including club house, Indoor/outdoor games and gymnasium.

xxv)              Employee welfare facilities like ATMs, Crèche, Medical center and other such facilities

xxvi)            Play grounds

xxvii)           Golf course

xxviii)         Bus bays

xxix)             Food Services including Cafeteria, food court(s), Restaurants, coffee shops, canteens and catering facilities

xxx)               Landscaping and water bodies

xxxi)             Wi Fi/Wi Max Services

xxxii)            Drip and Micro irrigation systems

xxxiii)          Any other operation ancillary or incidental to operations specified above from  (i) to (xxxii) which the Board of Approval may authorise from time to time. 

Annex. II

Criteria to be followed by the Board for approval of  SEZ Developers 

1.         Minimum Investment or Net worth of the Promoter company & all Group companies & Flagship companies as follows 

a)            Sector specific SEZs:    

Minimum investment of Rs.250 crores or net worth of Rs.50 crores  

b)           Multi product SEZs:  

Minimum investment of Rs.1000 crores or net worth of Rs.250 crores            

Proposals not meeting the above minimum investment or net worth criteria with enough justification for the same, to be considered on merits by the Board of Approvals.   

 

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