Software
Technology Parks
in India
STPI
Introduced in 1991
Objective – encouraging, promoting and
boosting the export of software from India
Intoducti
on Two units – Non-STP Units & STP units
The STP is 100% EOU for development and
export of professional services using
communication links or physical media
Why STPI
In case of goods, they pass through customs office
In case of software, they pass through media or Internet
RBI introduced softex forms to track export of services
STPI is an Administrative Authority
• For software export valuation
• Certification of softex form
STPI Unit is 100% EOU.
STP unit benefits
STPI Unit • Simplified Minimum Export Norms (Positive NFEE)
• Sales in DTA permissible upto 50% of Export Value
& • In case of purchase or renting of immovable
property, the Stamp duty are completely exempted
• In Electricity, the duty component shall be
Benefits exempted
• All imports of Hardware and software in the STP
units are completely duty free
• The Green Card helps the STP unit to preferential
treatment in matters relating to implementation of
project at both central and state govt.
Reporting Compliance
• Monthly progress report
STPI • Annual progress report
Complian Other Compliance
ce • Maintenance of Sales
• Maintenance of Fixed Assets register
• Maintenance of Contract file, where
the copies of contract are maintained
Bond Register
• A single Bond referred to as
Mother Bond in the Form B-17
(Gen. Surety /Security) is
required to be executed for duty
free import, domestic
procurement, provisional
assessment, for export without
payment of duty, for due
accountal /disposal of dutiable
goods.
Bond and
Warehousing
Transshipment of import/export goods between the
port of import/export and unit’s premises, Duty free
import/domestic procurement of goods,
Activities Warehousing/processing of goods in the unit,
covered Movement of duty-free goods for job work & return,
under
Bond Temporary clearance for repair, display in exhibitions,
testing/approvals etc.
Movement of goods and transfer from one
warehouse/EOU unit to another.
Bond Register Format
1)IGCRD 3) Shipper 4) Invoice
2) Date
Ref No. Details No. Date
5) Port of 6) Material 8) Invoice
7) Qty
Import Description Value
Bond Register Format
10) Assessable
9) Exchange 11) Assessable
Value in FC 12) BCD % 13) SWS %
Rate Value in INR
14) IGST % 15) BCD 16) SWS 17) Sub Total
Bond Register Format
19) Total Duty 20) Opening 21) Closing 22) GRN
18) IGST
Exemption Balance Balance Number
26) Part
23) GRN date 24) UoM 25) GRN Qty
Number
Bond Register Format
27) PO 28) Type 29) 31)
30) Export
Number of Usage Remarks Domestic
32) Export 33) DTA 34) Duty 35) Duty
Invoice # Invoice # payment Amount