Format of Softex Forms for royalty reciept

 The information provided here is part of Export Import Training course online

 

 

 

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 The following quote from reserve bank guidelines for your information:

 

(i) A software exporter, whose annual turnover is at least Rs. 1000 crore or who files at least 600 SOFTEX forms annually, will be eligible to submit a statement in excel format as per Annexure A, giving all particulars along with quadruplicate set of SOFTEX form to the nearest STPI. STPI will then verify the details and decide on a percentage sample check of the documents in details. Software companies will submit all the documents on demand to STPI within 30 days of their advice or any reasonable/extended time at the discretion of the Director, STPI, at the request from the exporter.

 

 

STPI will thus certify the statement and SOFTEX forms in bulk on the “Top Sheet” regarding the values etc. and will thereafter forward the first copy of the revised SOFTEX format to the concerned Regional Office of RBI, the duplicate copy along with bulk statement in excel format to Authorised Dealers for negotiation / collection / settlement, the third copy to the exporter and the last copy will be retained by STPI for its own record. Under the revised procedure, the exporters, however, will have to provide information about all the invoices including the ones lesser than US$25000, in the bulk statement in excel format. [The revised procedure for submission of the SOFTEX form and other relevant documents are detailed in the Annex 4]

The procedure has been effective at all STPIs and SEZs / EPZs / 100%EOU / DTA since 1.1.2013.

(ii) A common “SOFTEX Form” (Annex 3) has been devised to declare single as well as bulk software exports.

(iii) Reserve Bank of India has extended the facility for online generation of the EDF Form Number and the SOFTEX Form Number (Single as well as Bulk for use in off-site software exports). The facility of manual allotment of single as well bulk SOFTEX form number by Regional Offices of RBI has been dispensed with accordingly.

 

 

Format of Softex Forms for royalty reciept
Summary Sheet

IEC Code.
Date of LOP issued STPI/SEZ
Centre Authorized Dealer Code Value of software Export (A) Transmission Charge (B) Commission ( C) Deduction (D) Net Realisable value [ (A+B)- (C+D)]
Name :
Stamp Stamp
I/We @ am/are not in the Caution List of the Reserve Bank of India. ( Signature of the Designated/Authorised Official of STPI/EPZ/SEZ )
Date:
Name :
Designation:
Place:
Designation:
(Signature of the Exporter)
@ Strike out whichever is not applicable
SECTION - C
DECLARATION BY EXPORTER
Place:
Date:
I /We@ hereby declare that I/we@ am/are@ the seller of the software in respect of which this declaration is made and that the particulars given above are true and that the value to be received from the buyer represents the export value
contracted and declared above. I/We@ also declare that the software has been developed and exported by using Authorised and legitimate datacom link and certified that the software described above was actually transmitted. I/We @
undertake that I/we@ will deliver to the authorised dealer bank named above the foreign exchange representing the full value of the software exported as above on or before........................ (i.e. within the period of realisation stipulated by RBI
from time to time ) in the manner specified in the Regulations made under the Foreign Exchange Management Act, 1999. Space for use of the competent authority in STPI/EPZ/SEZ Certified, on the basis of above declaration by the SEZ/STPI unit, that the software described above and the export value declared by the exporter inth is form is as per the corresponding invoice/gist of invoices submitted and declared by the Unit. Period of Invoices raised from _____________ to _____________ Letter of Permission (LOP) No.(STP/EHTP/SEZ/EPZ/100% EOU/DTA Unit) Name and address of Exporter Name of Authorised Datacom Service Provider Format of Softex Forms Summary Sheet
Section - A
List of Invoices for offshore export value through datacom link Name and address of Authorised Dealer/Bank
Section - B
Sr. No. Softex No. Name of the Client Address of the Client Country Internal project code/Contract / Agreement No & date Type of S/W Analysi of Export Value Exported Mode of realisation Invoice Number Invoice Date (DD/MM/YY) Currency % age and amount of royalty Period of
@ Strike out whichever is not applicable
I/We @ am/are not in the Caution List of the Reserve Bank of India.
( Signature of the Designated/Authorised Official of STPI/EPZ/SEZ )
Designation:
Space for use of the competent authority in STPI/EPZ/SEZ
(Signature of the Exporter)

 

 


Date:
Name :
Designation:
List of Invoices for offshore export value through datacom link Offshore Export value in Inovice currency
Place:
Certified, on the basis of above declaration by the SEZ/STPI unit, that the software described above and the export value declared by the exporter in this form is as per the corresponding invoice/gist of invoices submitted and declared by the Unit.
Date:
Name :
Type of sofware Exported Name of Client Address of Client Date of LOP issued STPI/SEZ centre Authorized Dealer Code Details of inovices for Royalty on software Packages/products exported during the Period raised from _____________

 

The above information is a part of Import Export Training course online


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Comments


A SRINIVASA RAO: Sir, After a Circular issued by RBI (ENDT.No.FE.CO.Trade(EXD/05.31.042/2013-14)SEZ officers done through only Online Attestation and they have not accepted to sign on Softex Hard Copies. I require clarificaiton from you regaridng the following. 1. Authorised Dealer (Bank) requires Hard Copy of Attested Softex. Is it correct? 2. Really do not required attestation on Hard Copy of Softex by SEZ officer Pls. clarify ASAP.

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