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 Registration
Procedure | Post Registration Formalities |
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 STATUTORY
OBLIGATION |
| Procure Custom Bonding
License |
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STP units are required to get
its premises Custom Bonded Irrespective of whether or not
the unit makes any duty free import or Excise duty free procurement
of capital goods. This is a mandatory requirement for all
units registered under STP scheme. |
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Application for Custom Bonding
is to be made to the Jurisdictional Asst. Commissioner of
Customs in the prescribed format. |
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The application should be submitted with
the copies of the following documents: |
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Letter of Approval of
the STP scheme |
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Copy of the Legal Agreement with STPI
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Green card issued by STPI |
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Copy of the Trade License |
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Memorandum & Articles of Association
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Certificate of incorporation of Companies
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Floor Plan of the location endorsed
by STP |
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Purchase/Lease deed of premises/Allotment
letter |
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List of Proposed Plant & Machinery
attested by STPI |
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Import-Export Code (IEC) |
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Misc. documents as advised by Custom
authority. |
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The unit will be required to execute a general
bond (B-17) with the Custom on surety/security. The B-17 Bond
has to be executed at 25% of the custom duty value. In case
the units are unable to give surety they can execute the bond
with the security for 5% of the value of the bond in the form
of Bank Guarantee on stamp paper valuing Rs. 100/- only. |
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The Private Bonded Warehouse cum Manufacturing
License is issued by the Customs Authority under Section 58
of the Customs Act 1962. |
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Submit a copy of the Custom Bonding License
to STP. |
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| Minimum Export Obligation
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| Based
on the EXIM Policy 2002-07, an STP Unit shall be a net foreign
exchange earner. Net Foreign Exchange (NFE) earning shall
be calculated cumulatively for a period of five years from
the commencement of production as per the following formula:
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Positive NFE= A-B >0 |
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A= FOB value of exports |
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B= Sum total of CG Imported + value of miscellaneous
payments made in foreign exchange
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| Service Charges Payable
to STP |
| The registered units
of STP will be required to pay Annual Service Charges as per the
Slabs of Service Charges depending on their Gross Export Turnover
during the Year as follows: |
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| Gross Export Turnover Per Annum |
Service Charges PA in Rs. |
| Exports upto Rs. 25 lakhs: |
7,500.00 |
| Exports above Rs. 25 lakh & upto Rs. 50 lakh: |
15,000.00 |
| Exports above Rs. 50 lakh & upto Rs. 300 lakh: |
50,000.00 |
| Exports above Rs. 3 crore & Rs. 10 crore: |
1,00,000.00 |
| Exports above Rs. 10 crore & Rs. 50 crore: |
2,00,000.00 |
| Exports above Rs. 50 crore & Rs. 100 crore: |
3,00,000.00 |
| Exports above Rs. 100 crore: |
5,00,000.00 |
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| Registration
Procedure | Post Registration Formalities |
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