https://www.taxtmi.com/notifications?id=119909 Imported goods for installation and use by an Infrastructure Service Provider in Software Technology Park premises require a Director's certificate and authorisation; goods must be used only for export of software by STP units. The ISP must execute a customs bond to install, retain and use the goods for export, not remove them without approval, pay duty on demand for non compliant goods, and follow customs procedures. Customs may permit re export or allow clearance on payment of duty calculated on depreciated value under a prescribed straight line quarterly schedule, with depreciation computed from commencement of operations or installation as certified by the Director. en-us Fri, 20 Jan 2017 00:00:00 +0530 Wed, 25 Jan 2017 14:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=119909 Imported goods for installation and use by an Infrastructure Service Provider in Software Technology Park premises require a Director's certificate and authorisation; goods must be used only for export of software by STP units. The ISP must execute a customs bond to install, retain and use the goods for export, not remove them without approval, pay duty on demand for non compliant goods, and follow customs procedures. Customs may permit re export or allow clearance on payment of duty calculated on depreciated value under a prescribed straight line quarterly schedule, with depreciation computed from commencement of operations or installation as certified by the Director. Notifications Customs Fri, 20 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/notifications?id=119909