Software Technology Parks of India Scheme
The Software Technology Parks of India (STPI) was established in 1991 as an independent society under the Ministry of Electronics and Information Technology. Its primary goal is to promote software exports from India, acting as a ‘single window’ for software and IT service exporters. With a key focus on small and medium-sized enterprises and start-ups, STPI has played a crucial role in boosting India’s software and IT-enabled service exports.
The Software Technology Park (STP) Scheme under the Ministry of Communication and Information Technology, Government of India, is a 100% Export-Oriented Scheme. It supports software development and IT-enabled services for export, utilizing data communication links or physical exports, including professional consultancy and software development services.
Approvals are given under single window clearance system.
An STP unit can be set up anywhere in India.
100% foreign equity is permitted.
Issuance of Green card for facilitating priority treatment for government clearances / other services
All the imports of Hardware & Software in the STP units are completely duty free, import of second-hand capital goods are also permitted.
Re-export of capital goods is also permitted.
Simplified Minimum Export Performance norms i.e., "Positive Net Foreign Exchange Earnings".
Sales in the Domestic Tariff Area (DTA) up to 50% of the foreign exchange earned by the STP/EHTP unit are permissible.
The capital goods purchased from the DTA are entitled for refund of GST.
Capital invested by foreign entrepreneurs, know-how Fees, royalty, dividend etc., can be freely repatriated after payment of Income Taxes due on them, if any
With Best STPI Compliance Solutions in Maharashtra, donated computers and peripherals can be given duty-free after two years to recognized educational, healthcare, and government institutions, supporting both compliance and community impact.
100 Percent Depreciation on computers and computer peripherals over a period of five years ten years for non- computer peripherals.
to units in all aspect pertaining to duty free import and other STPI, Customs controlling matters.
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