::Frequently Asked Questions::

Frequently Asked Questions

STP Scheme

Q1.

What is STP Scheme ?

The Software Technology Park(STP)scheme is for providing facilities to IT industry for undertaking software development and IT enabled services for 100% exports using data communication links in the form of physical exports including export of professional services.Individual units can also be allowed to do business in the domestic (Indian) market up to 50% of the exports. STP units can also undertake commercial training. STP units also regulate the IT business through licensing, acting as a link between the customer and Government authorities and agencies. Under the scheme, IT industries are provided certain concession in duties, levies and taxes.

Q2.

What is the registration for ?

For establishing a 100% Export Oriented Unit (EOU) developing computer software for export. The following activities are covered under the scheme.:

∬ Manufacture/Development of software in India for exports.
∬Onsite Consultancy Services for development of software at the client's site abroad.
∬ IT enabled products or services such as Back Office Operations, Call Centres, Content Development or Animation, Data Processing, Engineering and Design, Geographic Information System Services, Human Resource Services, Insurance Claim Processing, Legal Databases, Medical Transcription, Payroll, Remote Maintenance, Revenue Accounting Support Centres and Website services “provided payments for such services are received in free foreign exchange”.
∬ Sales in the Domestic market are also permitted to extent of 50% on FOB value of exports with prior permission

Q3.

What are the charges for STP registration?

Application processing fees and three years advance annual service charges at minimum rate(24,000/=).

Application processing fees :Rs. 2500.00
Service charges on the basis of actual exports :

Below Rs. 25 lakhs per annum	Rs. 8,000.00 per annum
Rs. 25 to 50 lakhs per annum	Rs. 16,000.00 per annum
Rs. 50 lakhs to Rs. 3 crores per annum	Rs. 55,000.00 per annum
Rs. 3 to 10 crores per annum	Rs. 1,10,000.00 per annum
Rs. 10 to 25 crores per annum	Rs. 2,25,000.00 per annum
Rs. 25 to 50 crores per annum	Rs. 2,50,000.00 per annum
Rs. 50 to 100 crores per annum	Rs. 3,50,000.00 per annum
Rs. 100 to 500 crores per annum	Rs. 5,75,000.00 per annum
Rs. 500 to 1000 crores per annum	Rs. 6,00,000.00 per annum
Above Rs. 1000 crores per annum	Rs. 6,50,000.00 per annum

Q4.

Who can can register ?

∬A Partnership Firm
∬A Sole Proprietary Concern.
∬An Indian company
∬An Indian subsidiary of foreign company
∬A branch office of foreign company
∬An existing Software Company operating in India.
∬Conversion of an existing DTA unit to STP unit is also permissible.
∬If an industrial unit is operating both as a domestic unit as well as an STP unit, it shall have two distinct identities with separate accounts. But all the transactions of the imports and exports or supplies effected relating to the 100% EOU activity of the STP unit shall be kept distinctly separate from those made by the other domestic unit of the company.

Q5.

Why?

The features::

∬Single Window clearance and approval.
∬Customs Duty Exemption in full on imports.
∬Central Excise Duty Exemption in full on indigenous procurement.
∬Central Sales Tax Reimbursement on indigenous purchase.
∬All relevant equipment / goods including second hand equipment can be imported (except prohibited items).
∬Equipment can also be imported on loan basis / lease.
∬High Speed Data Communication Link provided for the export of software.
∬No separate Import/Export license required.
∬Green Card enabling priority treatment for Government clearances/other services.
∬100% foreign equity investment in the companies permissible.
∬Sales in the DTA upto 50% of the FOB value of exports permissible.
∬Use of computer imported for training permissible subject to certain conditions.
∬Depreciation on computers at accelerated rates upto 100% over 5 years is permissible.
∬Computers can be donated after two years of use to recognised non-commercial Educational Institutions/Hospitals without payment of duty.

Q6.

How to register ??

Submit the following documents to Additional Director STPI,Bhubaneswar.

∬Application in the prescribed form duly signed by the authorized signatory setting the official seal (3 copies need to be submitted.)
∬Copy of Boards resolution nominating the authorized signatory.
∬Project report : Justifying the ability of the enterprise as to the potential in manpower expertise, technology segment marketing and customer support arrangements, business plan, type of software development envisaged, profile of Balance Sheet, Profit and Loss a/c, Cash Flow Statement, Profitability Statement, etc.
∬Document evidencing Sole Proprietary concern /Partnership Firm / Company Registration Certificate, Memo of Association, Memo of Articles,
∬Copy of Agreement/MOU/Purchase Order/Letter of Intent with the overseas customer (if any) in support of the business potential.
∬Lease deed/sale deed of the premises.
∬In case of an existing unit : Product line to be specified, copy of the Audited Annual Accounts for the last 2 years to be furnished.
∬D.D for Rs.2500 + Service charges drawn in favour of STPI.

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