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STP Scheme Benifits single window clearance mechanismand 100% Foreign equity is permition.

STP Scheme Benefits

Software Technology Park (STP) Scheme is a 100% export oriented scheme for undertaking software development for export using data communication links or in the form of physical media including export of professional services.

  • STP Scheme Approvals are given under single window clearance mechanism.

  • Power of director :-An STP project may be set up any where in India. Jurisdictional Directors have the powers to approve import of capital goods (net of taxes) not more than US$ 20 million.

  • Equity :-100% Foreign equity is permitted.

  • Import :- All the imports of Hardware & Software in the STP units are completely duty , import of second hand capital goods also permitted.

  • Duty Imports :- import license not required. Import certificates are issued on request by Director STPI for duty Imports of Capital Goods/Raw Material/Components.

  • Excise Duty Relief:- Central Excise Duty exemption is available on Capital goods bought from Domestic Market on request from Director, STPI.

    Income Tax Holiday Package :- Income tax holiday package is available for STP units for a block of ten years OR upto the year 2010.

  • Domestic Tariff Area (DTA) Sales:- The sales in domestic tariff area are permissible upto 25% of the exports in value terms made by the STP unit.

  • Re-Export of capital goods are permitted.

  • Simplified Minimum Export Performance norms i.e., (STP & EHTP scheme), Net Foreign Exchange Earnings to be positive.

  • Domestic purchases by STP unit are eligible for the benefit of deemed exports to the equipment suppliers.

  • Use of computer system for commercial training purpose is permissible subject to the condition that no computer terminals are installed outside the STP premises.

  • The sales in the Domestic Tariff Area [DTA] shall be permissible upto 50% of the export in value terms.

  • STP units are exempted from payment of corporate income tax for a block of 10 years (upto 2009-10).

  • The capital goods purchased from the Domestic Tariff Area [DTA] are entitled for the benefits like levy of Excise Duty & Reimbursement of Central Sales Tax (CST).

  • Capital invested by Foreign Entrepreneurs Know - How Fees, Royalty, Dividend etc., can ly repatriated after payment of Income Taxes due on them if any.

  • Depreciation on Capital Goods above 90% over a period of five years and also the accelerated rate of 7% per quarter during the first two years subject to an overall limit of 70% in the first three years.

  • Call center permitted under the STPI scheme.

  • All Services as listed in appx.54 of hand book of procedures (EXIM) are eligible for facility of STP scheme.

  • Service providers eligible for recognition as 'Service Export House', International Service Export House' or International Star service House.

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What is New?

Date: 30-10-2021
Notification No. 78/2021-Customs (N.T.)
Seeks to amend Sea Cargo Manifest and Transhipment Regulations 2018.

Date: 13-10-2021
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Date: 13-10-2021
Notification No. 49/2021-Customs
Seeks to reduce AIDC on crude soya, sunflower and palm oils till 31.03.2022

Date: 07-10-2021
Notification No.80/2021 - Customs (N.T.)
Exchange rates Notification No.80/2021-Cus (NT) dated 07.10.2021.

Date: 07-10-2021
Notification No. 35/2015-2020
Relaxation in Export Policy of Red Sanders Wood - regarding

Date: 06-10-2021
Public Notice No. 21/2015-20
Implementation of MoU between Government of Republic of India and Government of Republic of Malawi for import of pigeon peas from Malawi - reg.

Date: 05-10-2021
Instruction No. 21/2021-Customs
Submission of Intimation of Arrest Report & Incident Report.

Date: 04-10-2021
Notification No. 34/2015-2020 – DGFT
Amendment in Export Policy of Syringes and incorporation of Policy Condition.

Date: 04-10-2021
Public Notice No. 27/2015-2020-DGFT
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Date: 04-10-2021
Notification No. 59/2021-Customs (ADD)
seeks to extend anti dumping duty on 'ceramic tableware and glassware' originating in or exported from Malaysia, to prevent the circumvention of anti dumping duty levied on subejct goods originating in or exported from China PR vide Notification No. 4/2018-Customs(ADD) dated 21st February, 2018.

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