Ansal SEZ Projects has approached the government to surrender its special economic zone in Gurgaon after the imposition of minimum alternate tax and global economic uncertainties.
The request for denotification of the SEZ will be placed before the Board of Approval (BoA), which is scheduled to meet on July 6.
The BoA, headed by Commerce Secretary S R Rao, will also consider the requests of developers like Uttam Galva Steels, Mumbai SEZ Ltd and Mahindra and Mahindra which have sought more time to execute their projects.
"The developer (Ansal) has requested for denotification of the (IT/ITeS) SEZ due to economic meltdown, lack of demand and imposition of minimum alternate tax (MAT) and dividend distribution tax (DDT)," the BoA agenda said.
Another 10 developers have asked for more time for their projects, it said.
During the 2011-12 fiscal, exports from SEZs grew by 15% year-on-year to Rs 3.6 lakh crore.