Regarding softex form
This query is : Resolved
16 October 2013
Dear Sir,
Whether the revised guidelines as per RBI circular No. RBI/2013-14/254 for submission of Softex form is applicable to all exporter even invoice value of exported goods is less than USD 25000 or it is only applicable to exporter having turnover of Rs.1000 crore (Bulk exporter. however, sub-Regulation (d) of regulation (4) of foreign exchange management (export of goods and service) regulation,2000, exempts the exporter having invoice value less than 25000.
Please suggest.
Whether the revised guidelines as per RBI circular No. RBI/2013-14/254 for submission of Softex form is applicable to all exporter even invoice value of exported goods is less than USD 25000 or it is only applicable to exporter having turnover of Rs.1000 crore (Bulk exporter. however, sub-Regulation (d) of regulation (4) of foreign exchange management (export of goods and service) regulation,2000, exempts the exporter having invoice value less than 25000.
Please suggest.
16 October 2013
ravin, Regulatin 4(d) applies to goods/software of value less than Rs 25,000 whereas the circular RBI/2013-14/254 refers to less than USD 25,000.
So you can continue to claim exemption as long as value is less than RS 25,000 but not beyond it.
So you can continue to claim exemption as long as value is less than RS 25,000 but not beyond it.
16 October 2013
agreed with Kaushik ji.
Regards,
Regards,
16 October 2013
thanks to all expert for your valuable suggestions.
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