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Debonding of STPI Unit: Exiting the Software Technology Parks of India Scheme
Debonding of an STPI unit is the process by which a company exits the Software Technology Parks of India scheme, transitioning to a Domestic Tariff Area. This involves regulatory compliance, settling customs obligations, and returning any dues or benefits. Businesses choose debonding for greater market flexibility and cost-effectiveness, though the process demands thorough documentation and approvals.