Friday, July 10, 2009

Benefits of STP Scheme

Benefits of STP Scheme
  • Income Tax Holiday as per section 10A of the IT Act
  • 100% Customs duty exemption on imports
  • Equipment can also be imported on loan or lease basis
  • All relevant equipment/goods including second hand equipment can be imported (except prohibited items)
  • 100% excise duty exemption on indigenous procurement
  • Central Sales Tax reimbursement on indigenous purchases
  • Green card enabling priority treatment for Government clearances / other services
  • 100% foreign equity investment in the companies permissible under the 'Automatic Route' of RBI

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