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Stpi Legal Agreement

To be executed after the signing of the agreement with STPI for the Development Center True copy of the legal agreement for export commitment with STPI An agreement (attached according to format) must be executed by the company that indicates that the company meets certain export standards, as required by the export policy of the Government of India. Execution of the agreement for the establishment of 100% Export Oriented Unit – Software Technology Parks of India (STPI) (annual service fee of INR 50,000) service charges will be collected in accordance with the service fee card in the application rental agreement with the owner of Building 3. If the property is acquired or leased, the stamp duty on holidays and the license agreement for the 100% EOU unit is a distinctive identity: if an industrial company is both a national unit and a GfbV unit, it has two distinct identities with separate accounts, including separate bank accounts. However, it does not need to be a separate corporation, provided that the company maintains separate records of domestic and export sales by ehTP/STP units. The Software Technology Park (STP) is a 100% export-oriented system for the development and export of computer software, including the export of professional services via communications or physical media. . Permanent Account Number (PAN) – Department of Income Tax Corporate Identification Code In order to provide effective internal and international communication to its members, Software Technology Parks of India (STPI) operates its own communications network. Importr / Exporter Code – Joint Director General, Foreign Trade (Application Processing fees – INR 1,000) India is the topmost offshoring destination for IT companies worldwide. Having demonstrated their ability to provide online and off-piste services to global customers, new technologies now offer a whole new range of opportunities for the best companies in India. The sector`s export sales are expected to increase by 7 to 9 per cent in fiscal 2019 to reach $135-137 billion.

The industry is expected to reach $350 billion by 2025 and make BPM $50-55 billion on total revenue. IT units should become a stP unit and take advantage of it. implementation of an export obligation under the current EXIM Directive. Satisfactory Transactions Letter From Bankers All units are required to submit monthly and quarterly progress reports up to the 7th of the month following the previous month`s close or until the 10th of the month following the end of the previous quarter, in the prescribed form. That is an imperative requirement. Units that are irregular in submitting MPRs and RPIs may be denied STPI benefits. A person familiar with the company must meet with STPI management to explain the Indian unit`s business plans. Could be processed at the same time as the application to STPI a) Monthly Progress Reports (MPR) – Quarterly Progress Reports (QPR): timetable and procedure for the creation of a 100% export-oriented unit (EO) under the Indian government`s Technology Parks of India (STPI) schemes. The company must register as an EOB.

The following documents are linked: Step 1 A notification in the prescribed form must be filed with the relevant STPI authorities. In addition to the application, the following documents must be provided: Private bonded Warehouse registration for the use of customs and excise concessions – Department of Customs – Central Excise Attempt list of imports and indigenous Capital Goods, as well as the estimated fees duly certified by the Director, STPI Registration-cum Membership Certificate, issued by STPI. Financial data for a 5-year period of the Indian company (according to the attached format) The company should provide in the notification the probable location from which export transactions are carried out, firc copies and letters filed with the RBI for the receipt of foreign exchange for the allocation of capital by the Indian company.

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Deepak Kamboj

Deepak Kamboj is a Solution Architect and Technology Enthusiast, located at Redmond, WA, having 14+ years of hands on experience in the IT industry.

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