STPs useful Single Window clearance And Income Tax holiday as per Sec. 10A of the IT Act and Customs Duty Exemption in full on imports.

Why Needs of STPs.

Single Window clearance and approval.
Income Tax holiday as per Sec. 10A of the IT Act.
Customs Duty Exemption in full on imports.
Central Excise Duty Exemption in full on indigenous procurement.
Central Sales Tax Reimbursement on indigenous purchase.
All relevant equipment / goods including second hand equipment can be imported (except prohibited items).
Equipment can also be imported on loan basis / lease.
High Speed Data Communication Link provided for the export of software.
No separate Import/Export license required.
Green Card enabling priority treatment for Government clearances/other services.
100% foreign equity investment in the companies permissible.
Sales in the DTA up to 50% of the FOB value of exports permissible.
Use of computer imported for training permissible subject to certain conditions.
Depreciation on computers at accelerated rates up to 100% over 5 years is permissible.
Computers can be donated after two years of use to recognized non-commercial Educational Institutions/Hospitals without payment of duty.

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