| 6.1 |
In order to provide impetus
to the electronics industry, to enhance its export potential and to develop an
efficient electronic component industry, Electronic Hardware Technology Park (EHTP),
Software Technology Park (STP) schemes and Special Economic Zones (SEZ) offer a
package of incentives and facilities like duty free imports on the lines of the
EOU Scheme, deemed exports benefits and tax holidays. |
| |
Automatic Approval |
| 6.2 |
The Directors of STPs in
respect of STP proposals; and the Designated Officers in respect of EHTP
proposals accord automatic approval if -
(a) the items do not attract compulsory licensing; (b) the location is in
conformity with the prescribed parameters; (c) the export obligation laid down
in the respective EHTP scheme or STP scheme is fulfilled; (d) the unit is
amenable to bonding by the Customs, and all the manufacturing operations are
carried out in the same premises and the proposal does not envisage sending out
of the bonded area any raw material or intermediate products for any other
manufacturing or processing activity. All proposals for FDI/NRI/OCB investments
in EHTP/STP units are eligible for approval through AUtomatic Route subject to
parameters listed under para 2.9[For procedure to obtain Automatic Approval,
refer to para 11.2]. |
| |
Government Approval |
| 6.3 |
All proposals which do not
meet any or all of the parameters for automatic approval need to be considered
and approved by the Government. Also, Government approval for FDI/NRI/OCB
investments under EHTP/ STP need to be obtained through the FIPB in respect of
proposals covered under para 2.9.[For procedure to obtain Government approval,
refer to para 11.3 & 11.4]. |
