Regarding softex form

This query is : Resolved

Ca ravin umaretiya (Querist)
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16 October 2013 Dear Sir,

Whether the revised guidelines as per RBI circular No. RBI/2013-14/254 for submission of Softex form is applicable to all exporter even invoice value of exported goods is less than USD 25000 or it is only applicable to exporter having turnover of Rs.1000 crore (Bulk exporter. however, sub-Regulation (d) of regulation (4) of foreign exchange management (export of goods and service) regulation,2000, exempts the exporter having invoice value less than 25000.

Please suggest.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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16 October 2013 ravin, Regulatin 4(d) applies to goods/software of value less than Rs 25,000 whereas the circular RBI/2013-14/254 refers to less than USD 25,000.

So you can continue to claim exemption as long as value is less than RS 25,000 but not beyond it.