Answer: Within 21 days from the date of the certification.
Answer : Within 21 days from the date of raising of the invoice. If more than one invoice against one Client and country is raised, this can be covered in one Softex Form and submitted along with Statement of Invoice consisting the details of all those invoices and total Value of Export declared may be put in Softex.
Answer : a. Copy of Gist of Contract/Contract between unit and client abroad.
Answer : As per RBI Circular( A.D.(M.A. Series) Circular No 1 dated 8 Jan 1999) under Terms of Payment for Long duration contracts involving series of transmission, the exporter should bill their overseas clients periodically, i.e at least Once a month, or on reaching the “milestone” as provided in the contract entered into with the overseas client and the last invoice/bill should be raised not later than 15 days from the date of completion of the contract. It would be incumbent on the exporters to submit a combined SOFTEX Form for all the invoices raised in a month on particular client, including advance remittances received.
Answer : Invoices raised for export of software or value less than USD 25,000 –through datacomm need not submit softex forms.
For more details referred to :-
a. Exports Regulations under FEMA, 1999
b. Notification No FEMA 23/2000-RB & Notification No FEMA 14/2000 dated 3rd May 2000.
c. Master Circular No.6 dated 1st July 2010
Answer : In cases where exporters present documents pertaining to exports after the prescribed period of twenty one days from date of export, authorised dealers may handle them without prior approval of Reserve Bank, provided they are satisfied with the reasons for the delay.
Answer : Yes, Export of software and service through datacomm as required to declared to the authorities in softex forms.