| Date: |
05-11-2015
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| Notification No: |
RBI/2015-16/231 A.P. (DIR Series) Circular No.27
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| Issuing Authority: |
RBI
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| Type: |
A.P.D.(Series) Circulars
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| File No: |
RBI/2015-16/231 |
| Subject: |
Software Export – Filing of bulk SOFTEX-further liberalisation
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RBI/2015-16/231
A.P. (DIR Series) Circular No.27
November 05, 2015
To,
All Authorised Dealer Category – I Banks
Madam/ Sir
Software Export – Filing of bulk SOFTEX-further liberalisation
Attention of Authorised Dealers is invited to A.P. (DIR Series) Circular No.
80 dated February 15, 2012,
A.P. (DIR Series) Circular No. 66 dated January 01,
2013 and
A.P. (DIR Series) Circular No. 43 dated September 13, 2013, in terms of
which a software exporter, whose annual turnover is at least Rs.1000 crore or
who files at least 600 SOFTEX forms annually on an all India basis, is eligible
to declare all the off-site software exports in bulk in the form of a statement
in excel format, to the competent authority for certification on monthly basis.
- In order to provide benefits to small exporters also, it has been
decided to extend this facility to all software exporters. Accordingly, all
software exporters can now file single as well as bulk SOFTEX form in excel
format to the competent authority for certification. The SOFTEX form is
given at Annex I. Since the SOFTEX data from STPI/SEZ is being transmitted
in electronic format to RBI, the exporters are required to submit the SOFTEX
form in duplicate as per the revised procedure. STPI/SEZ will retain one
copy and handover the duplicate copy to the exporters after due
certification.
- As hitherto, the software exporters can generate SOFTEX form number
(single as well as bulk) for use in off-site software exports from the
website www.rbi.org.in. In order to generate the SOFTEX number/s, the
applicant exporter has to fill-in the online form (Path www.rbi.org.in ⇒
Forms⇒ FEMA Forms⇒ Printing EDF/SOFTEX Form No.). The specimen of the online
form and the advice are given at Annex II.
- The Foreign Exchange Management Act (FEMA),1999 requires exporters to
complete the SOFTEX form using the number so allotted and submit it first to
the competent authority for certification and then to the AD for further
necessary action, as hitherto.
- Authorised Dealers may bring the contents of this circular to the notice
of their constituents concerned. The above instructions will come into force
with immediate effect.
- The directions contained in this circular have been issued under section
10(4) and 11(1) of the Foreign Exchange Management Act (FEMA), 1999 (42 of
1999) and are without prejudice to permissions / approvals, if any, required
under any other law.
Yours faithfully,
(A K Pandey)
Chief General Manager
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