Eligibility

Software Development companies/ IT Start ups etc.

Quantum of Assistance

• The STP scheme allows software companies to set up operations in convenient and inexpensive locations and plan their investment and growth driven by business needs.

• There are several benefits like-Customs Duty Exemption in full on imports, Central Excise Duty Exemption in full on indigenous procurement,

• All relevant equipment / goods including second hand equipment can be imported (except prohibited items), Equipment can also be imported on loan basis/lease

• 100% FDI is permitted through automatic route, Sales in the DTA up to 50% of the FOB value of exports permissible, Use of computer imported for training permissible subject to certain conditions, Depreciation on computers at accelerated rates up to 100% over 5 years is permissible.

Objectives

To Promote entrepreneurship through incubation programmes / seed funds / IP development and other awareness programmes. To Assist State Governments in formulating IT policies and liaison for promoting the IT industries in respective states to achieve an exponential growth of exports.