Reserve Bank Of India
A.P. (DIR Series) Circular No. 66
January 1, 2013
To
All Category - I Authorized Dealer Banks
Madam / Sir,
Export of Goods and Services –
Simplification and Revision of Softex Procedure at SEZs
Attention of the Authorised Dealer Banks is invited to Regulation 6 of the
Notification No. FEMA 23/2000-RB dated May 3, 2000 viz. Foreign Exchange
Management (Export of Goods and Services) Regulations, 2000, as amended by the
Notification No.FEMA.36/2001-RB dated February 27, 2001, in terms of which
designated officials of the Ministry of Information Technology/ Ministry of
Commerce and Industry(as the case may be), Government of India at the Software
Technology Parks of India (STPIs) or at Free Trade Zones (FTZs) or Export
Processing Zones (EPZs) or Special Economic Zones (SEZs), had been authorized to
certify exports declared through SOFTEX Forms.
- A revised Softex procedure was first introduced at the 5 designated centres
of STPIs from April 1, 2012 vide
A.P. (DIR Series) Circular No.80 dated February
15, 2012 and subsequently extended to all STPIs in India vide
A.P. (DIR Series)
Circular No.47 dated October 23, 2012.
- It has now been decided to implement the revised Softex procedure at all
SEZs/EPZs/100%EOU/DTA also with immediate effect.
- As per the revised procedure, a software exporter either under STPIs or
SEZs/EPZs/100%EOU/DTA, whose annual turnover is at least Rs.1000 crore or who
files at least 600 SOFTEX forms annually on all India basis, will be eligible to
submit statements in
revised excel format sheets as per enclosed Annexures A &
B. All other terms and conditions mentioned in the A.P. (DIR Series) Circular
No.80 dated February 15, 2012 applicable to exporters of software situated in
STPIs would remain unchanged.
- Authorised Dealers may bring the contents of this circular to the notice of
their constituents concerned.
- The directions contained in this circular have been issued under Section
10(4) and Section 11(1) of the Foreign Exchange Management Act, 1999 (42 of
1999) and are without prejudice to permissions / approvals, if any, required
under any other law.
Yours faithfully,
(Rashmi Fauzdar)
Chief General Manager
RBI/2012-13/359