Softex Form [Advice]

Softwares 341 views 3 replies

I sold a software outside india for more than 25k $ overseas. Swift bank (in my case Sbi) wants me to submit softex form as amount is more than 25k $. How should I proceed as I don't have knowledge regarding this as well as I am an individual. Should I contact CA for this?

Replies (3)
Softex form is for export of products outside India it comes under foreign exchange management act.

Softex submission is more of tedious job as it require more paper work. Earlier company need to submit set of documents. Following are important attachments for Softex filing
Covering Annexure
Export Invoice
RBI Softex Letter
Statement of Invoice
Bank UP Form
Datacom bill

From official website of RBI Softex number need to be generated. Each softex number is unique. This is key number in softex compliance for STPI and NON STPI Units. Visit to https://rbi.org.in/scriptts/EDF_UserDetails.aspx and fill necessary details.

Name of Company
IEC Code Number
Address of Company
Contact Details
Type of Export
Mode of Export
From No.
Number of Forms.

After taking STPI / NON STPI Registration , companies need to pay Annual maintenance fees to STPI department. This fees depends on the last financial year turnover. Fees applicable as per turnover criteria.
Annual Maintenance fees applicable
Fees depends on Last years turnover
10 % TDS Applicable on Fees

Since I am an individual, how can I register for STPI/Non STPI?

Register at https://rbi.org.in/scripttts/EDF_UserDetails.aspx


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