For the promotion of Software exports from the country, the Software Technology Parks of India (STPI) was established by the Ministry of Communication and Information Technology, Government of India, as an autonomous statutory body to encourage, promote and boost software exports from India. Statutory services, data communications services, incubation facilities, training and value added services are rendered by the STPI. The Headquarter of STPI is located in New Delhi. STPIs have been setup across the country and have presence in 53 locations.[2] Over 4000 units are registered under STP Scheme
Benefits under STP Scheme
- Exemption on Customs Duty in full on imports.
- Exemption on Central Excise Duty in full on indigenous procurement.
- Central Sales Tax Reimbursement on indigenous purchase.
- Free importation of all relevant equipment / goods including second hand equipment (except prohibited items).
- Importation of Equipment on loan basis/lease.
- Permission of 100% FDI.
- Permission of sales in the DTA up to 50% of the FOB value of exports.
- Permission to use of computer imported for training (subject to certain conditions).
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