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STATUTORY REPORTS FOR STP UNITS

a) Monthly Progress Reports (MPR) & Quarterly Progress Reports (QPR):

All units are required to submit Monthly Progress Reports & Quarterly Progress Reports by 7th of a month on completion of previous month and by 10th of a month on completion of previous quarter respectively in the prescibed format . It is a mandatory requirement. Units which are irregular in submitting MPRs & QPRs can be denied services of STPI.

b) Annual Performance Reports(APR): Yearly performance report should be submitted as per the p
rescribed format.

For submission of reports, kindly click STP Member

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STATUTORY COMPLIANCE FOR STP UNITS

Accounts: 

Distinct Identity :
If an industrial enterprise is operating both as a domestic unit as well as an EHTP/STP unit, it shall have two distinct identities with separate accounts, including separate bank accounts. It is, however, not necessary for it to be a separate legal entity, but it should be possible to distinguish the imports and exports or supplies affected by the EHTP/STP units from those made by the other units of the enterprise

Maintain the accounts as under:

a) Maintenance of Sales Invoices. 

b) Maintenances of Fixed Asset Registers

c) Maintenance of Foreign Inward Remittance Certificate file (FIRC) & Bank Realization Certificate (BRC) file where the original of the FIRCs and BRCs are
kept.

d) Maintenance of contract file, where copies of contracts received from buyers are maintained.

Banking: 

The units are free to have as many bank accounts as it desires but shall have to designate a single branch of the bank whom all export documents will be submitted. In other words the work of handling of all shipping documents & realization of export proceeds will have to be entrusted to this designated bank branch. 

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MANDATORY STATUTORY OBLIGATION & RECORDS

The following are the details of other mandatory statutory obligation and records that have to be kept at the unit.

a) Import Certificate: A copy of the import certificate issued by STPI should be maintained. This should have the full details etc. as per the actual imports.

b) Export Certificate: A copy of the certified export forms by STPI should be maintained.

c) Performance Reports File: Monthly & Quarterly performance reports have to be given to STPI.

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