Software export declaration requires certified transmission, exporter declaration and repatriation of foreign exchange under FEMA. SOFTEX requires exporters to declare they are the seller, that particulars and invoiced values are true, that the software was developed and transmitted ... Summary
Referred In :
Foreign Exchange Management (Export of Goods and Services) Regulations, 2015
Software export declaration requires certified transmission, exporter declaration and repatriation of foreign exchange under FEMA.
SOFTEX requires exporters to declare they are the seller, that particulars and invoiced values are true, that the software was developed and transmitted via authorised datacom link, and to undertake delivery of the foreign exchange representing the full export value to the authorised dealer/bank within the RBI-prescribed realisation period in accordance with Regulations under the Foreign Exchange Management Act, 1999; the declaration must be certified by the STPI/SEZ unit against submitted invoices.
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