The law desk
DIVESH SHARMA
11 Years Exp
Electronic Hardware Technology Parks (Show More)
Jaipur , Arjun Lal Sethi Nagar
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Information
Overview
Units undertaking to export their entire production of goods and services may be set up under the Electronic Hardware Technology Park (EHTP) Scheme. Such units may be engaged in manufacture and services.
The benefits under the EHTP Scheme
An EHTP may import free of duty capital goods, raw materials, components and other related inputs. However these should not be on the negative list of prohibited items in the Foreign Trade Policy. Second hand capital goods may also be imported by EHTP units.
An EHTP unit may bunch the products manufactured by it for sale in the DTA with its entitlement. EHTPs are duty free and bonded areas and customs exemptions are extended accordingly.
An EHTP is exempted from the payment of corporate income tax up to 2010 and also central sales tax reimbursement..
Supplies that are effected in DTAs under global tender conditions and payment in forex are also considered as part of relinquishment of export obligation.
Supplies made by DTAs to an EHTP unit will be regarded as deemed exports and is entitled to benefits under the Foriegn Trade Policy. To get this benefit, goods have to be produced in the country and the supplies have to be made against a letter of authority issued by an officer designated in this behalf of the STPI, Government of India.
An EHTP unit may be setup for both software and hardware in an integrated manner
EHTP unit may purchase indigenous goods free of excise duty
EHTP unit may sell Goods/Services in DTA up to 50% of FOB value of exports, subject to fulfillment of positive NFE as per the policy & payment of applicable duties.
REQUIREMENT FOR APPROVAL.
The following will be the criteria for securing automatic approval from the Director, EHTPI within whose jurisdiction the unit is proposed to be set up.
The Directors of EHTPI have been vested with powers to approve projects irrespective of the value of import of Capital Goods;
The Units meets the requirements of the Customs Authorities in so far as:
It is amenable to bonding by the Customs;
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;
However, the unit may be permitted to sub-contract part of their production process through job work by units in Domestic Tariff Area of other EHTP Units including subcontracting abroad on fulfillment of prescribed conditions.
Requirements
An application for setting up a EHTP unit is received in the prescribed format no. 15-F-01 from the potential software exporter.
Application should be duly filled in with signatures and rubber stamp on the each page of the application.
A demand draft in favour of EHTPI within whose jurisdiction the unit falls for Rs.2,500/- on account of Application Fee.
Project Report covering details containing the following details should be filed with the application in form 15-F-01.
Company profile
Promoters background
Units Area of Expertise / Services offered
Marketing Strategy / Marketing Arrangements
Manpower plan
Future plans
Financials statement like :
Cost of project & Means of finance
Projected P&L A/c.
Projected Balance Sheet
Projected Cash flow / fund flow statement
Export workings - (As per Transfer pricing guidelines where ever applicable)
Memorandum & Articles of Association (in case the applicant is a company) and check whether the “Computer Software/IT enabled services” is one of the objects in the Main Object para of the Memorandum of Association.
Partnership Deed (in case of Partnership Firm)
The Director acknowledges the receipt of the application and a reference number is given to each application.
The applicant is thereafter called to give a presentation on the project that he proposes to undertake with complete profile of the promoters, field of software development, marketing arrangement, business plan etc. in the EHTPI office.
On approval of the project by the Director, letter of permission (in format No. 15-F-02) is issued to the units. The unit is thereafter considered registered under the EHTP Scheme.
On issuance of letter of permission, the EHTP unit have to undertake the following:
Execution of legal agreement
Custom bonding
Duration
The duration of the service depends on the work and hence our representative shall fix the time line when you are contacted.
Price
The Consultation charge for this service is Rs. 50000/- Only
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Name : DIVESH SHARMA
Law Firm Name : The law desk
Country : India
City : Jaipur
State : RAJASTHAN
Practicing Since: 2014
About Your Firm : THE LAW DESK is a law firm growing in the Northern – West part of India, which delivers its best of services in matter of trust, efficiency, and satisfaction, to its clients of various sectors. We believe that we grow with the growing satisfaction of our clients in the work they entrust us. This leads us to make further developments and explorations in different avenues of law. We believe in professionalism and with this zeal we follow the ethics of profession and deliver best form ours to the clients. To be the Preferred Law Firm for our clients and take that relationship forward by making ourselves deserving enough to be their advisors and not just a law firm for their various deals. The members of the Firm are qualified from well established Universities and have extensive and rich legal experience and wide national exposure in their respective practice areas. The experience of associates and depth of their expertise combined with an unlimited desire, enthusiasm and energy to serve, has enabled us to effectively and efficiently resolve the clients’ problems and to suggest practical solutions for their complex legal issues. The Firm’s prime concern is “Client Satisfaction” and it is the backbone of its work culture and the Firm takes great pride in consistently adopting the highest professional standards for clients’ satisfaction. We believe that our path to success is more likely to be found when clients have an access to quality guidance along the way in their matters. Considering crucial needs of the clients, as a sense of responsibility we take personal interest in the all-dimensional success of the clients’ concerns. Our commitment to clients for communicative, responsive, value-added, dedicated and focused attitude in their matters along with cost consciousness and commercially pragmatic in our advice and assistance makes us a different and unique law firm in North Western part of India. To maintain this excellence of service to our clients, the Firm strives to recruit, train and retain lawyers and staff of the highest caliber and professionalism. Due to its good working relations with a number of lawyers and law firms in other jurisdictions ensures ready access to formal legal advice in other jurisdictions whenever needed. The Firm is committed to provide a wide range of legal services, both inbound and outbound, covering the requirements of corporate and individual clients in a timely and a cost-effective manner. We understand the value of client’s trust and are keen to respond as per their expectations. We believe in the ideology that a healthy mind resides in a healthy body and only healthy body can delivers good result but we also know that Health is not valued till sickness comes. In order to stay fit and healthy we keep a strict watch on our working habits and follow step counts on daily basis as a part of our working style. We believe that work can only be efficient if our firm is efficient and healthy.
| Sr Employee Associated | Sr Employee Enrollment/Reg.No | Sr Employee Enrollment/Reg.State |
|---|---|---|
| Prateek Kasliwal | (R/1570/2003) | Rajasthan |
| Jr Employee Associated | Jr Employee Enrollment/Reg.No | Jr Employee Enrollment/Reg.State |
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