India has many reasons to feel proud about the success of its Software Industry. During the post liberalization era, Govt. policies have acted as a catalyst and facilitated the growth of IT exports. The software Industry has attained global recognition primarily because of the timing of the policies and simplistic procedures laid-down by the Govt. when they were needed. The Industry also has responded very well to the changes in the policy.
Under the Ministry of Information, the Software Technology Parks of India is called STPI’s is a society Technology. Government of India has the sole motive of encouraging, promoting and supporting the Software Exports from India.
Under Ministry of of Information the Software technology Park of India was established its called STPI Department. Purpose of this department was to encourage software exports from India. This department have take care of STPI / NON STPI registration for IT and other companies. Its not necessary to have premises in any SEZ / EOU jurisdiction. Hence STPI registration can be taken for any location. In India most of Major Cities Such as Pune, Mumbai , Noida , Delhi etc. have STPI Departments. There are two kind of registrations provided one is STPI and Second is NON STPI Unit. Key difference is under STPI unit , company is allowed to import duty free capital Goods. Where as NON STPI Unit is only towards meeting compliances.
100% exemption on customs duty for imports of capital equipment’s
100% excise duty exemption on indigenous items attainment.
All relevant equipment/goods including second hand equipment can be imported (except prohibited items)
Equipment can also be imported on loan or lease basis
Sales in the DTA (Domestic Tariff Area) up to 50% of the foreign exchange earned by the STP/EHTP unit
Software units may also use the computer system for training purpose (including commercial training)
Green card enabling priority treatment for government clearances / other services
100% Foreign Direct Investment permissible through ‘Automatic Route’ of RBI
An Lalit Aggarwal & Company Financial Expert will prepare your STPI Registration Application along with the necessary supporting documents that needs to be submitted for STPI Registration
Once the application is prepared and submitted, the concerned STPI Office will process the application and may request for more information or documents (if required).
While processing the application, if required an STPI Financial Expert will help respond to any query or request for document and obtain STPI Registration.
An Indian company A Subsidiary of a Foreign Company A branch office of Foreign Company
100% Foreign Direct Investment, NRI-Repatriable, NRI-Non Repatriable, Resident Holding and combination thereof is allowed
Yes operations under the STP Scheme can be carried out from any location in the country.
Private Bonded Warehouse is a warehouse declared by Customs Authorities to carry out Export Processing under STP Scheme.
Capital Goods is the Hardware and infrastructure the unit is envisaging to procure for a value by the way of import, to set up the STP.
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