Guidelines for Bulk Submission of Softex Forms for Software Exports Under FEMA 1999: Compliance and Reporting Requirements

The format and requirements for submitting Softex Forms in bulk for royalty receipts related to software exports. It includes sections for exporter details, invoice lists, and declarations by the exporter affirming the accuracy of the information and compliance with regulations under the Foreign Exchange Management Act, 1999. The document also provides guidelines for authorized dealer banks regarding advance payments, overdue bill follow-ups, and reporting requirements. It emphasizes the need for due diligence, compliance with KYC and AML guidelines, and proper reporting through the Export Data Processing and Monitoring System (EDPMS). Additionally, it includes provisions for factoring export receivables and facilitating e-commerce transactions.