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Advisory on SEZ/STPI Benefits
Special Economic Zones (SEZ) and Software Technology Parks of India (STPI) schemes are government initiatives designed to promote exports, attract investments, and boost economic growth. Businesses operating under SEZ or STPI are eligible for various tax benefits, duty exemptions, and operational incentives. This advisory service helps businesses understand and leverage these benefits to optimize costs, ensure compliance, and streamline operations. Professional guidance ensures businesses make the most of SEZ/STPI incentives while adhering to regulatory requirements.
Importance
1. Tax Incentives : Helps businesses reduce tax liabilities with exemptions under SEZ and STPI schemes.
2. Operational Efficiency : Simplifies compliance and procedural requirements.
3. Export Growth : Encourages export-oriented operations through financial and logistical incentives.
4. Customs and Duty Exemptions : Reduces import/export costs with duty-free benefits.
5. Strategic Guidance : Ensures businesses choose the most suitable scheme based on their operations.
Documents Required
For Indian Nationals
For Foreign Nationals
Features
Features & Benefits of Advisory on SEZ/STPI Benefits
Duty-Free Procurement
GST Benefits
Simplified Compliance
Export-Focused Benefits
Advisory on SEZ/STPI Benefit
Infrastructure Support
Foreign Direct Investment (FDI) Benefits
Operational Flexibility
IT/ITES Support
Renewable Tenure
Comparison Between SEZ and STPI
| Feature | SEZ | STPI |
|---|---|---|
| Scope | All export-oriented businesses | Primarily for IT and ITES companies |
| Tax Benefits | 100% tax exemption for first 5 years | Customs and excise duty exemptions |
| Duty-Free Procurement | Yes | Yes |
| Infrastructure | Located in designated SEZ zones | Located within STPI parks |
| Tenure | Up to 15 years | Renewable annually |
Frequently Asked Questions
What is an SEZ?
SEZs are designated zones offering tax and customs duty exemptions to promote exports.
What is STPI?
STPI is a scheme supporting IT/software companies with infrastructure and fiscal benefits.
Can an SEZ unit serve domestic clients?
Yes, but such transactions may be subject to applicable taxes.
What are the tax benefits under SEZ?
SEZ units enjoy 100% tax exemption for the first 5 years and 50% for the next 5 years on export income.
Are STPI benefits available for non-IT companies?
No, STPI benefits are primarily for IT/ITES companies.
Can existing businesses convert to SEZ/STPI units?
Yes, subject to approval from the respective authorities.
What is the role of the Development Commissioner in SEZ?
The Development Commissioner oversees the approval, compliance, and operations of SEZ units.
How long does it take to register under SEZ/STPI?
It typically takes 2-4 weeks, depending on documentation and approval processes.
Can SEZ units claim GST refunds?
Yes, SEZ units can claim GST refunds on eligible inputs and services.
What are the annual compliance requirements for SEZ/STPI?
Filing periodic returns, performance reports, and maintaining export commitments.