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REGISTRATION AND OTHER ISSUES RELATING TO STP UNITS

REGISTRATION AND OTHER ISSUES RELATING TO STP UNITS. Presented by. WHAT AND WHY OF STPI. STP SCHEME – 100% EOU SCHEME FOR SOFTWARE EXPORTS. The STP Scheme is a 100% Export Oriented Scheme

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REGISTRATION AND OTHER ISSUES RELATING TO STP UNITS

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  1. REGISTRATION AND OTHER ISSUES RELATING TO STP UNITS Presented by MANU KAROL(FCA) 98-110-74528

  2. WHAT AND WHY OF STPI MANU KAROL(FCA) 98-110-74528

  3. STP SCHEME – 100% EOU SCHEME FOR SOFTWARE EXPORTS • The STP Scheme is a 100% Export Oriented Scheme • For undertaking software development and Information Technology Enabled Services (ITES) and its export • Using data communication links or in the physical form of exports, MANU KAROL(FCA) 98-110-74528

  4. TYPES OF SERVICES • ITES • COMPUTER AND RELATED SERVICES MANU KAROL(FCA) 98-110-74528

  5. Back Office Operations Call Centers Content Development or Animation Data Processing Engineering and Design Geographic Information System & Design Human Resource services Refer Circular Insurance Claim Processing Legal Databases Medical Transcription Payroll Remote Maintenance Revenue Account Support Centre Web Site Services IT ENABLED PRODUCTS OR SERVICES DEFINED IN SECTION 10 A MANU KAROL(FCA) 98-110-74528

  6. COMPUTER & RELATED SERVICES • Software Implementation Services • Data Processing Services • Database Services • Others MANU KAROL(FCA) 98-110-74528

  7. ENTITIES • PUBLIC SECTOR • PRIVATE SECTOR • OTHER ENTITIES MANU KAROL(FCA) 98-110-74528

  8. JURISDICTION • VARIES WITH THE LOCATION OF THE UNIT MANU KAROL(FCA) 98-110-74528

  9. BENEFITS OF THE SCHEME • Income Tax Exemption U/s 10A of the Income Tax Act,1961 • Duty Free Procurement of Capital Goods both Imported and Indigenous. • Central Sales Tax Reimbursement on Indigenous Purchases • Sales in Domestic Tariff Area (DTA) up to 50% of FOB Value of Exports Permissible • Subcontracting of Production Process to DTA/EOU Units Permitted • Inter Unit transfer of Capital Goods with Units Registered Under EOU/STP/EHTP/EPZ/SEZ Permissible MANU KAROL(FCA) 98-110-74528

  10. FUNDAMENTALS • NFEP • MINIMUM EXPORT OBLIGATION • PRESENTATION / INTERVIEW • LETTER OF APPROVAL (LOP) • LEGAL AGREEMENT • PAYMENT OF FEES • RENT AGREEMENT / FLOOR PLAN • IMPORTER/EXPORTER CODE • TENTATIVE LIST OF CAPITAL GOODS TO BE IMPORTED • ISSUE OF GREEN CARD • COMMENCEMENT OF COMMERCIAL PRODUCTION MANU KAROL(FCA) 98-110-74528

  11. NFEP CALCULATION OF NFEP To be calculated cumulatively for a period of 5 years from the date of start of Commercial Production NFEP = (A-B)X100 -------------- A Where – A = FOB Value of Exports B = CIF of Imports/ Other Registered Units/all Payments in Foreign Exchange MANU KAROL(FCA) 98-110-74528

  12. EXPORT OBLIGATION 0.25 Million US$ or three times the CIF value of the goods imported whichever is higher MANU KAROL(FCA) 98-110-74528

  13. PROCEDURE FOR REGISTRATION • Duly Filled Application Form in Duplicate with Signatures and rubber stamp on Every page. • Demand draft of Rs.2,500/- in Favour of Director STPI • Project Report with Financial Projection for the Next 5 Years • Certified Memorandum & Articles of Association/ Partnership Deed. • Type and Nature of services to be rendered. • Board Resolution • List of Director’s with personal details, Photographs and Copy of Passport (If Avaiable). • Copy of PAN NO. of the Unit • Interview/ Presentation. MANU KAROL(FCA) 98-110-74528

  14. SERVICE CHARGES PAYABLE TO STPI MANU KAROL(FCA) 98-110-74528

  15. CUSTOM BONDING • APPLICATION IN FORM ‘A’ • LOP FROM STPI • IEC CODE • PAN NO. • GREEN CARD • COPY OF FLOOR PLAN CERTIFIED BY STPI • LETTER OF UNDERTAKING • COPY OF LEASE DEED • BANK GURANTEE • B-17 BOND • LIST OF CAPITAL GOODS TO BE IMPORTED CERTIFIED BY STPI • INSPECTION OF UNIT MANU KAROL(FCA) 98-110-74528

  16. POST APPROVAL PROCEDURE • MONTHLY PROGRESS REPORT • SOFTEX FORMS • COLLECTION ORDER • FIRC • ANNUAL PROGRESS REPORT • SEPARATE BOOKS FOR EACH UNIT • SEPARATE BANK ACCOUNT FOR EACH UNIT MANU KAROL(FCA) 98-110-74528

  17. ANNUAL RENEWALS • GREEN CARD FROM STPI • CUSTOM BONDING MANU KAROL(FCA) 98-110-74528

  18. STPI V/S SEZ STPI EXEMPTION TO EXPIRE ON 31ST MARCH 2009 MANU KAROL(FCA) 98-110-74528

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