TMI BlogSoftware Technology parks (STP) schemeX X X X Extracts X X X X X X X X Extracts X X X X ..... 22, 1993 of Deptt. of Electronics for software exports. 2.0 Software Technology Park (STP) scheme. 2.1 The software Technology park (STP) scheme is a 100 percent Export Oriented Scheme for undertaking of software Development for Export using data Communication link or in the form of physical exports including export of professional services. 2.2 A Software Technology Park (STP) may be set up by the Central government, State Government, public or private sector undertaking or any combination thereof. A STP may be an individual unit by itself or it may be one of such units located in an area designed as STP complex by the Department of Electronics. 2.3 The Scheme is administered by the Department of Electronics, Government of Indi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... section 25 of the Custom Act, 1962. The Custom Duty exemption will be applicable as per custom notifications No. 138, 139, 140 and 141- Customs /91 dated October 22, 1991 as amended time to time. 2.6 The entire software developed by STP unit shall be exported except the sales in the Domestic Tariff Areas (DTA). The sales in the DTA shall be permissible upto 25 percent of the Production in value terms made by the STP unit. 2.7 The following supplies shall be counted towards the fulfillment of the export obligation of the unit:- 2.7.1 Supplies effected in DTA under global tender conditions: 2.7.2 Supplies effected in DTA area against payment in foreign exchange; 2.7.3 Supplies against Advance Licences and other import licences ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n Exchange earned for this purpose is defined as foreign exchange inflow as a result of Software Export less foreign exchange outflows on account of all expenditure whatsoever other than initial hardware . 2.12 Use of Computer System in STP for training purpose is also allowed subject to the condition that no computer terminal will be installed outside the STP for this purpose. 3.0 This Scheme is separate from the EOU/EPZ scheme incorporated in Chapter IX of the Export and Import Policy (1992-97). The provisions of STP Scheme contained in this notification shall not be applicable to the Software units established in accordance with the EHTP scheme notified vide Notification No. 42 (N-8)/ 92-97 dated 14 th September 1992 and software ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
