STP Scheme

Government of India has declared software as one of the extreme focus area for growth of exports. Therefore, Govt. of India announced a special scheme to promote software exports called "The Software Technology Park (STP) Scheme".

STP Scheme is implemented through Software Technology Parks of India (STPI) which is an autonomous society of Ministry of Information Technology, Govt. of India.

Salient Features of STP Scheme

• Approvals are given under Single Window Clearance Mechanism

• 100% Foreign Equity is permitted

• All the imports in the STP units are completely duty free

• Import of Goods on loan, free of cost & lease basis is permitted

• Re-export of Capital Goods brought on loan/lease/free of cost is permitted

• Domestic purchases are completely excise duty free

• Domestic purchases are eligible for the benefit of deemed exports to the suppliers

• The sales in Domestic Tariff Area (DTA) are permissible upto 50% of the value of Exports

• STP units are exempted from corporate income tax upto Year 2010.

• The Export Obligation on the STP units is as follows

                    - Export Performance for five years

The unit should be positive net foreign exchange earner.

APPLICATION FOR SETTING UP UNITS UNDER STP SCHEME

Instructions:

Application should be filed alongwith following enclosures :

1. Demand Draft for Rs. 2,500/- in favour of `Software Technology Parks of India' payable at Chandigarh.
2. Memorandum & Articles of Association in case of a company, Partnership Deed in case of Partnership or IT Assessment in case of Proprietorship concern.
3. Director's/ Promoter's/ Partner's/ Proprietor's Profile.
4. Project Report with objective, profile, scope, marketing, infrastructure, employment, schedule & current status and investment & turnover of the company.

Note : The application should be duly signed by the competent authority with initials on each page of the application alongwith office seal of the company.

Application Form in can be Download from our Download Section

SERVICE CHARGES STP & EHTP SCHEME

These Service Charges are paid by the STP units or EHTP units for the scheme supervision and support provided to them as administrative costs on per annum basis.

Note : The new unit will pay service charges for first three years in advance and the same will be adjusted as per the turnover.

NON-STP SOFTWARE EXPORTERS – Softex GR/A&B Forms

Option 1 :

- Invoice value upto US$ 100 = Rs. 100 per invoice.

- Invoice value upto US$101-US$500 = Rs. 250 per invoice.

- Invoice value upto US$501- US$1000 = Rs. 500 per invoice.

- Invoice value US$1001 & above = Rs. 1000 per invoice.

Subject to maximum of Rs. 1,00,000 for one organization for all certifications of Softex / GR/ A&B forms.

Option 2 :

Units could opt the service charges as applicable to STP units based on certificates from CA for actual export during an year.