Software Techanology Parks STPs Operating Process.
Starting Operation under the STPS Scheme
The period of operation under the scheme is initially for a period of 5 years from the date of commercial production. This period may be extendable further 5 years at a time. After completion of the initial period of 5 years, it is open to the unit either to opt out of the scheme or to continue for another period of 5 years and request made accordingly to STPI.
- Upon accord of approval for the 100% EOU the proposed unit has to respond by submitting a willingness letter to abide by the terms and conditions of the approval.
- Legal agreement to be executed in the prescribed form on Rs.100 stamp paper, duly signed by the authorized signatory. Demand Draft for Rs. 22,500/- drawn in favor of STPI as an advance towards annual service charges (to be paid in advance) has to be deposited with STPI which will be adjusted after the financial year is over as per the following scale.
- Upon executing the legal agreement, the unit attains the status of 100% export oriented unit under the STP scheme and it as to fulfill the obligations as set forth in the legal agreement, such as commencement of production with in the stipulated period, fulfillment of export obligations, etc.
| On Export Turnover | Service charges applicable per annum |
| Exports Upto Rs.25 Lakhs | Rs.7,500/- |
| Exports between Rs.25 - Rs.50 Lakhs | Rs.15,000/- |
| Exports between Rs.50 - Rs.300 Lakhs | Rs.50,000/- |
| Exports above Rs.3 - Rs.10 Crores | Rs.1,00,000/- |
| Exports between Rs.10 - Rs.50 Crores | Rs.2,00,000/- |
| Exports between Rs.50 - Rs.100 Crores | Rs.3,00,000/- |
| Exports above Rs.100 Crores | Rs.5,00,000/- |