Following are mandatory requirements to be fulfilled before applying for Import / Indigenous Approval:

Transcription

1 SOFTWARE TECHNOLOGY PARKS OF INDIA CHENNAI Procedure for obtaining approvals/ permission from STPI with respect to Import / Indigenous /Shifting / Inter Unit transfer / Debonding of equipment / Re-Export of CG / Movement of Laptop 1. Procedure for Import / Indigenous Approval Proforma Invoice Approval will be accorded to 100% EoUs registered with STPI (STP/ EHTP Units), who propose to Import Capital Goods or propose to procure Indigenous Goods, duty free (Import/Excise duty) for the Software/ Electronic Hardware Export activity of the unit. Following are mandatory requirements to be fulfilled before applying for Import / Indigenous Approval: 1. LUT to be executed with STPI (Ref. Clause No. 6.6 of Foreign Trade Policy, Clause & of Hand Book of Procedures) 2. Premises to be bonded & the copy of BWHL to be filed with STPI 3. Attestation of proposed list of Capital Goods / Indigenous List by STPI 4. CG being imported / procured locally should be in the Positive List of Hand Book of Procedures of Foreign Trade Policy (Refer Clause of Hand Book of Procedures) 5. CG Balance to be positive Mode of Import Sl. No. Mode of Import Foreign Trade Policy & Hand Book of Procedure Clause No. 1 Outright Purchase 6.2/ 2 Loan Basis 6.2/ 3 Free of Charge 6.2/ 4 High Sea Sales 2.24/- 5 Deemed Import, Bond to 2.28/ Bond Transfer/ In Bond Sale 6 Lease 6.4/6.9 7 Second hand goods 6.3/ Import through courier 6.2.3

2 submitted for obtaining Import Approval / CT3 Exemption Approval After verification of the documents for the relevant enclosures as per the checklist, this office certifies the Proforma Invoice. Approval letter along with the certified invoice shall be forwarded to the unit for further submission to Customs Authority for clearance of goods. In case of Capital Goods Imports : The CIF Value ( CIF value = FOB * /100) of the Imported Goods will be deducted from the existing CG balance and will be taken for Export Obligation Calculation. In case of Indigenous Purchase : Value = Basic price including packing & forwarding charges. This value will be deducted from the existing CT3 balance. 2. Procedure for Shifting of Imported Capital Goods / Indigenously procured Capital Goods (Inter Unit Transfer) STP/EHTP Units are allowed to shift the Imported Capital Goods / Indigenously procured Capital Goods from one 100% EoU to other or from one bonded premises to the other, after obtaining No Objection from STPI. (Foreign trade Policy Clause No. 6.13)

3 Types of Shifting: Temporary Demonstration Purpose Testing Purpose For Exhibition Between two locations of the same unit Permanent Between two locations of the same unit Between EoUs within the same STPI Jurisdiction Between EoUs of the different STPI Jurisdiction Eg: EoU under STPI-Chennai to EoU under STPI-Bangalore & vice versa submitted for obtaining No Objection Certificate for Shifting of Equipments / Inter Unit transfer. In case of Temporary transfer After verification of the above documents for the relevant enclosures, this office issues No Objection Certificate for Shifting of Capital Goods for further submission to Customs Authority for clearance of goods/ for adhering custom formalities. Once the goods are brought back to the bonded premises, the same has to be intimated to STPI. In case of Permanent transfer issues No Objection Certificate for Shifting of Capital Goods for further submission to Customs Authority for clearance of goods/ for adhering custom formalities. The CIF Value of the Capital Goods will be deducted from the CG balance of the transferee and will be considered for the export obligation calculation purposes and the same will be added to the CG of the transferor.

4 3. Procedure for Re-Export - Capital Goods STP/EHTP Units are eligible for Re-Export of the Imported Capital Goods, obtaining No Objection from STPI. (Foreign Trade Policy clause 6.17 and Hand Book of Procedures Clause No , ) Imported Capital Goods may be Re-Exported for any of the following reasons: Repair & Return Completion of the Project (If the goods were loaned) Replacement submitted for obtaining No Objection Certificate for Re-Export of Capital Goods. certifies the Re-Export invoice and No Objection Certificate will be issued to the unit for further submission to Customs Authority for clearance of goods/ for adhering custom formalities. If the goods are re-exported due to project completion, the CIF Value ( CIF value = FOB * /100) of invoice value will be added to the existing CG balance and will be taken for Export Obligation Calculation. 4. Procedure for Movement of Laptop & Video Projection System STP Units are eligible for Temporary Movement of Laptop and video projection system, which are Imported duty free, out of the bonded premises, after obtaining No Objection from STPI. submitted for obtaining No Objection Certificate for Movement of Laptop / projector System.

5 issues No Objection Certificate for Movement of Laptop / projector System to the unit for further submission to Customs Authority for clearance of goods/ for adhering custom formalities. Once the goods are brought back to the bonded premises, the same has to be intimated to STPI. 5. Procedure for Debonding of Imported & Indigenous Goods STP/EHTP Units are allowed to debond the Imported Capital Goods and the Indigenously procured goods, after obtaining No Objection from STPI. Also, such debonding shall be subject to payment of duties of Customs and Excise and the industrial policy in force at the time of debonding. (Pl. Refer Foreign Trade Policy - Hand Book of Procedures Clause No & 6.31) submitted for obtaining No Objection Certificate for Debonding/Destruction of equipments. After verification of the above documents for relevant enclosures & if the export obligation is met by the unit, this office issues No Objection Certificate for Debonding/Destruction of equipment to the unit for further submission to Customs Authority for clearance of goods/ for adhering custom formalities. If the unit has not achieved the export obligation under the scheme, the case will be referred to DGFT and the de-bonding shall be subject to penalty as may be imposed by the competent authority.