Infosys SEZ under scanner of revenue dept

Image
Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 2:08 AM IST

A Special Economic Zone (SEZ) in Chandigarh being developed by Infosys has come under the scanner of the revenue department for allegedly breaking certain norms which the company denied.

SEZ rules require that land should be vacant for getting approval. The revenue department in the Finance Ministry claimed that it had found some structures on SEZ land even before the approval was given.

"Land was not vacant, some structures were there. Investigation has come up. Information has been sought," a senior CBEC official told PTI.

When contacted, Infosys Director, Human Resources and Administration, Mohandas Pai said: "We are very surprised at this statement. We have complied with the SEZ regulations. Our site has been inspected by the authorities and full disclosure has been made to the board of approval."

When contacted, Revenue Secretary Sunil Mitra said the commerce and the revenue department are likely to discuss the matter on March 9. "We are discussing with commerce secretary (Rahul Khullar). We are discussing this on March 9. Hopefully, we will find a resolution," Mitra said.

He said the issue would be discussed within North Block tomorrow with CBEC Chairman V Sridhar, who would meet the commerce secretary on March 9.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 03 2010 | 7:49 PM IST

Next Story