Export oriented Software Technology Park scheme allows duty free imports, tax incentives and full foreign equity subject to export obligations. The STP Scheme creates a fully export oriented regime for software development permitting duty free imports and operation in custom bonded areas, with application and licensing through the STP authority and IMSC. Units may import capital goods (including client loaned equipment) duty free except prohibited items, make limited domestic sales, and must meet an export obligation tied to hardware imports and wage bills. Supplies from the Domestic Tariff Area to STP units are treated as deemed exports; select EOU/EPZ policy provisions apply with institutional substitutions. Incentives include a corporate tax holiday and allowance of full foreign equity.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Export oriented Software Technology Park scheme allows duty free imports, tax incentives and full foreign equity subject to export obligations.
The STP Scheme creates a fully export oriented regime for software development permitting duty free imports and operation in custom bonded areas, with application and licensing through the STP authority and IMSC. Units may import capital goods (including client loaned equipment) duty free except prohibited items, make limited domestic sales, and must meet an export obligation tied to hardware imports and wage bills. Supplies from the Domestic Tariff Area to STP units are treated as deemed exports; select EOU/EPZ policy provisions apply with institutional substitutions. Incentives include a corporate tax holiday and allowance of full foreign equity.
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