import the export of software licenses

[MANISHA KHANNA]

Hello Sir,

We have one client in base Switzerland and he want to buy software licenses from india, my question is that if i import the software licenses from Singpore to india, and then i export the same to Switzerland, what documents we required and what taxes and duty will be applicable on both import and export transection, also i want to know can we do software import and the same can export.

AI Summary

Import export of software licenses requires clearance for restricted items and correct customs and GST compliance.
Determine if software or license is subject to SCOMET or other restrictions requiring specific import/export authorisations. Use a triparty agreement where client consent exists, otherwise execute separate import and export agreements. Declare accurate value to Customs and the authorised dealer whether software is imported physically or electronically. For non physical imports obtain a Chartered Accountant certificate of receipt. Pay customs duty, cess and IGST on physical imports and claim Duty Drawback under the Customs Act on export; verify HSN classification and export liabilities. Export under LUT or with IGST payment and seek refund via ITC or IGST paid; consider FORM SOFTEX.