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TMI BlogSOFTWARE TECHNOLOGY PARKS SCHEMEX X X X Extracts X X X X X X X X Extracts X X X X ..... ftware 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 Governments, public or private sector undertakings or any combination thereof. An STP may be an individual unit by itself or it may be one of such units located in an area designated as STP Complex by the Department of Electronics. 2.3 The scheme is administered by the Department of Electronics, Government of India, through Directors of respective Software Technology Parks which form part of the Software Technology Parks of India, a society established by the Department of Electronics, Government of India a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e entire software (including consultancy fees, software services and sale of software) developed by the STP unit shall be exported except the sales in the Domestic Tariff Area (DTA). The sales in the DTA shall be permissible up to 25 per cent of the production in value terms made by the STP unit. 2.7 The following supplies shall be counted towards the fulfilment of the export obligation of the STP unit : 2.7.1 Supplies specified in para 121 of the EXIM Policy ; 2.7.2 Supplies effected in DTA against payment in foreign exchange. 2.8 The STP unit shall be eligible for the following benefits. 2.8.1 Tax holiday : The STP will be exempted from payment of corporate income-tax for a block of five years in the first eigh ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nge for this purpose will be foreign exchange inflows as a result of software exports less foreign exchange outflows on account of all expenditure whatsoever other than hardware. (iv) If any capital goods imported duty free are leased from a domestic leasing company, the CIF value of the capital goods shall be included in the value of the hardware imported. 2.12 Use of computer system in STP for training purpose will also be allowed subject to the condition that no computer terminal will be installed outside the STP for this purpose. 3.0 The provisions of the STP Scheme contained in this notification shall not be applicable to the software units established in accordance with the EHTP Scheme, to an EOU or software units ..... X X X X Extracts X X X X X X X X Extracts X X X X
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