Software Technology Parks of India (STPI) is a society set up by the Ministry of Communication and Information Technology, Government of India in 1991, with the objective of encouraging, promoting and boosting the Software Exports from India.

STPI scheme is a 100% Export Oriented Unit scheme for the development and export of software using Data Communication links or by physical media or by On site Consultancy. STPI acts as the front end on behalf of the Government of India to take care of all the statutory needs, like project approval, import approval, bonding, Software Export Certification, etc.

STPI supports new companies by providing Incubation infrastructure with all facilities, viz. Internet, Telephone, Fax, Back-up power, etc.

The STPI scheme which is tailor made for Software Exports has the following benefits:

• Duty free imports of hardware and software
• Exemption from Corporate Income Tax till 2010
• 100% foreign equity participation
• Exemption of excise duty for domestic purchase of capital goods
• Reimbursement of CST
• Domestic Tariff Area (DTA) sale up to 50% of exports
• Eligibility for Depreciation of Capital Goods subject to maximum of 90%
• Issue of Green Card
• Certification of Software Export made through Data communication

To avail the above benefits registration under STPI and Customs is required. Lex Valorem offers the following services:

STPI Registration

• Obtaining the IEC Code from DGFT
• Preparation of the STPI Application
• Discussion and preparation of financial projections
• Submission of the STPI Application and Business Plan
• Facilitating presentation of the Business Plan by the client before the STPI Authorities
• Follow up and obtaining EOU Registration under the STPI Scheme

Customs Bonded Warehouse Registration

• Preparation and submission of Application for Customs Licence
• Follow up and obtaining Customs Registration
• Coordinating with client for execution of Bond and Bank Guarantee
• Arranging for Customs Inspection of client premises
• Procuring Customs Licence for Private Bonded Warehouse

Lex Valorem has the in-house expertise as well as a network of professional associates to handle not only complete documentation but also liaisioning and coordination with both STPI and the Customs Authorities to ensure smooth STPI Registration.