Export oriented STP scheme permits duty free imports and bonded area status while imposing a defined export obligation. The Software Technology Park scheme designates STP units as 100 percent export oriented entities eligible for duty free imports, bonded area treatment under the Customs Act, and a defined export obligation calculated from hardware CIF value and annual wage bill; administration is by the Department of Electronics through STP directors and an Inter Ministerial Standing Committee, with specified allowances for DTA sales, domestic supplies counting toward export obligations, tax holiday and foreign equity permissions.
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 STP scheme permits duty free imports and bonded area status while imposing a defined export obligation.
The Software Technology Park scheme designates STP units as 100 percent export oriented entities eligible for duty free imports, bonded area treatment under the Customs Act, and a defined export obligation calculated from hardware CIF value and annual wage bill; administration is by the Department of Electronics through STP directors and an Inter Ministerial Standing Committee, with specified allowances for DTA sales, domestic supplies counting toward export obligations, tax holiday and foreign equity permissions.
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