Do I need to register for STPI/SEZ/EOU/EHTP/EPZ?

[Harish GV]

I am sole proprietor. I am exporting software services to USA through internet, there is no involvement of government. Now

1. Do I need to register for any of this STPI/SEZ/EOU/EHTP/EPZ?

2. do i need to file and submit Softex form to bank and government to take inward remittance along with FIRC?

Thanks

[Kishan Barai]

1. No prior registration required on it.

2. Yes

All software exporters can now file single as well as bulk SOFTEX form in the form of a statement in excel format to the competent authority for certification. Since the SOFTEX data from STPI/SEZ are being transmitted in electronic format to RBI, the exporters now have to submit the SOFTEX form in duplicate as per the revised procedure. STPI/SEZ will retain one copy and handover duplicate copy to exporters after due certification. As hitherto, the exporters have to provide information about all the invoices including the ones lesser than US$25000, in the bulk statement in excel format.

A common “SOFTEX Form” has been devised to declare single as well as bulk software exports.

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.

I suggest you to visit your bank forex division. They will help you with all the formalities for it.

[Nash Industries I Pvt Ltd]

1. Do I need to register for any of this STPI/SEZ/EOU/EHTP/EPZ? -No

2. do i need to file and submit Softex form to bank and government to take inward remittance along with FIRC? - Yes

AI Summary

SOFTEX compliance required: exporters must file certified SOFTEX form and present it to banks for inward remittance. No registration with STPI/SEZ/EOU/EHTP/EPZ is required for sole proprietors exporting software online. Exporters must file certified SOFTEX form (single or bulk) including all invoices, submit it to the competent authority and present the certified form to their bank for inward remittance. STPI/SEZ transmit SOFTEX data electronically to RBI, retain one copy and return a duplicate to exporters. RBI provides online generation of EDF and SOFTEX form numbers; manual allotment by regional offices has been discontinued. Banks' forex divisions will assist with formalities.