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MAINTENANCE OF RECORDS / ACCOUNTS & BANKING

I. Accounts

Every STP unit is required to maintain separate Books of Accounts for its operations and a separate Annual Balance Sheet, which would become a part of the main Balance Sheet of the company. The unit should maintain the following documents/books in proper order:

	Contract file containing the copies of the contracts received from buyers.
	Separate Cash & Bank book and corresponding vouchers.
	Sales invoices.
	Fixed Assets register.
	Foreign Inward Remittance Certificate file (FIRC) & Bank Realization Certificate file where the original of the FIRC's and BRCs are kept.
	Balance sheet for the STP unit forming part of the Annual Balance Sheet of the company.
	A Register in the specified format recording the RECEIPT & ISSUE details of the Import of Capital Goods under duty free scheme.
	A Register in the specified format recording the RECEIPT & ISSUE details of the Capital Goods procured from the Domestic Tariff Area with excise-duty exemption.
	Files/Documents related to DTA sales executed as permitted by STPK.

II. Banking

Separate Bank Account must be maintained by each STP unit for its STP operations. A STP unit can have multiple bank accounts but it is required to designate a single branch of bank for its submission of all export documents. This designated Banker will handle all shipping documents and will realize the export remittances.

Change of Name | Change / Extension of STP Unit's Location