Software Technology Parks of India, Hyderabad An Autonomous Society under Ministry of Electronics & Information Technology (MeitY), Government of India
Clarification regarding Bonding Requirement for STP Units without Imports – Reg
In the Open House meeting held on 01/03/2012,
the Customs Bonding requirement issue is raised by some
STP units when the unit is not proposing to import any goods or no procurement with Central Excise Duty exemption.
STPI has examined the matter. It is clarified that customs bonding of premises is required for duty free import
and procurement of indigenous goods by STP units.
The clarification is subject to FTP Policy and the procedures of other departments.