Software Techanology Parks STPs Do's and Dont Do's. STPS Do's and Don't Do'sDo'sThe development / production of the unit under the scheme shall be carried on in a customs bonded area. Starting of production within the gestation period allowed under the STP scheme and starting exports. Intimate STPI of the date of commencement of commercial production within 30 days. If commercial production and exports are not commenced within a period of 3 years from the issue of the letter of approval (LOP) given for the establishment of the unit under the Scheme, the Latter of Permission (LOP) Lapes automatically after the expiry of 3 years. The unit shall be a Net Foreign Exchange(NFE) earner and NFE should be positive over the period of 5 years.The unit shall realize the amounts due for the exports made within 180 days from the date of export, or the due date under the contract, whichever is earlier. On failure of exporters the STP unit will be liable to pay the customs duty and central excise duty on the goods procured and other penalties and liquidated damages as may be decided by the Government. External Commercial Borrowings(ECB) are resorted to, required permission from Ministry of finance. To maintain separate accounts for the operation under the STP scheme. Maintain prescribed records and document. Apply to STPI for clearance in the following cases: For any change of address, change of name or constitution of the unit. For extension of premises for carrying out the operation. For shifting of equipment from the bonded warehouse for repairs, temporary transfer, permanent transfer, inter unit transfer, disposal, etc. For exporting the imported equipment for repairs / replacement. For re-export of equipment imported on loan basis. For enhancing the limit of capital goods to be imported. For obtaining permission for sales in DTA. For debonding of the equipment / debonding of the unit. For reimbursement of CST. For sale of imported capital goods and materials. For disposal of obsolete equipment. For donation of obsolete equipment. Pay the dues to STPI on time. Submit the Quarterly / Annual performance reports in the prescribed form, on time. DONT's Please do not utilize uncovered equipment under duty free for any activity. Please do not carry on any operation not covered under the STP scheme in the customs bonded warehouse premises. Data circuit is meant exclusively for the purpose of transmission of data between two designated locations and sub-lease to any company or re-engineering to any other location is strictly prohibited. As per the Indian Telecommunications Act, Data circuit should not be used for voice purpose.
Get Sample Now Which service(s) are you interested in? Export Data Import Data Both Buyers Suppliers Both OR Exim Help + Exim News Date: 18-07-2025 RBI may go for another 25 bps rate cut in August, repo rate to come down at 5.25%: ICICI Bank Date: 18-07-2025 JSW Steel Q1 results today: Strong bottomline surge likely despite muted volumes Date: 18-07-2025 Tata Motors-owned Jaguar Land Rover to cut hundreds of managerial roles in UK Date: 18-07-2025 ‘All our exports have stopped’: Canadian steel industry amid US tariffs Date: 18-07-2025 China economy still facing 'very severe, complex situation': commerce minister Date: 17-07-2025 Dollar on shaky ground as markets fret about Fed independence Date: 17-07-2025 Tesla swerves into India's EV bylane Date: 17-07-2025 We have another deal coming up 'maybe' with India, says Trump Date: 16-07-2025 For India, what RBI Guv is doing is far more important than what Trump is doing: Vikas Khemani Date: 16-07-2025 About 1.4 lakh new PMJDY a/cs opened under financial inclusion saturation campaign: FinMin What is New? Date: 16-07-2025 Notification No. 47/2025-Customs (N.T.) Appointment of Common Adjudicating Authority for the purpose of finalization of Provisional Assessment in SVB case w.r.t. M/s. Ammega Belting India Pvt. Ltd. -reg Date: 15-07-2025 Notification No. 46/2025-CUSTOMS (N.T.) Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver Date: 30-06-2025 Notification No. 44/2025-CUSTOMS (N.T.) Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver Date: 30-06-2025 Notification No. 32/2025-Customs Seeks to amend Notification No.130/2010- Customs dated 23.12.2010 to extend the exemption benefits to Air Canada. Date: 13-06-2025 Notification No. 43/2025-CUSTOMS (N.T.) Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver Date: 11-06-2025 Notification No. 42/2025-CUSTOMS (N.T.) Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver Date: 06-06-2025 Notification No. 13/2025-Customs (ADD) Seeks to impose Anti Dumping Duty on imports of ‘Insoluble Sulphur’ originating in or exported from China PR and Japan. Date: 30-05-2025 Notification No. 38/2025-CUSTOMS (N.T.) Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver Date: 30-05-2025 Notification No. 31/2025-Customs Seeks to i. extend the specified condition of exemption to imports of Yellow Peas (HS 0713 10 10) to bill of lading issued on or before 31.03.2026; ii. to reduce the basic custom duty on crude soya bean oil (HS Code 15071000), crude sunflower oil (HS Code 15121110), and crude palm oil (HS Code 15111000) from 20% to 10% Date: 26-05-2025 NOTIFICATION No. 37/2025-Customs (N.T.) Notification of ICD Jalna, Maharashtra u/s. 7(1)(aa) of Customs Act, 1962" and it was issued under Section 7(1)(aa) of Customs Act, 1962
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