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Softex Filling

Jayant (Accountant) (24 Points)

21 January 2011

Hi All

Ours is IT company with 100% export invoices, Till March 2009 we are registered with STPI and in last financial year we have withdrawn our STPI registration. Till March 2009 we are filling SOFTEX form with STPI for export benefit but as and when we withdrawn the STPI registration we have stopped for fillin of SOFTEX form, i have following question can anybody give me some more information on this along with sections and rules of FEMA/IT act.

01. Do we need need to certify our export still we are not STPI registered company?

02. if yes from which authority?

Regards

Jayant

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RAMESH KUMAR VERMA ( CS PURSUING ) (43853 Points)
Replied 21 January 2011

After certifying all the three copies of the SOFTEX form, the designated officials of Government of India at STPI and designated authorities of Export Processing Zones will forward the original directly to the nearest office of the Exchange Control Department of Reserve Bank the day it is received or the next day and return the duplicate to the exporter. The triplicate will be retained by the Department of Electronics for their record.

(ii) Within 21 days form the date of certification of the SOFTEX form, the exporter should submit the duplicate copy together with a copy of each of the supporting documents to the authorised dealer for negotiation/collection. The duplicate copy of the form together with documents will be retained by the authorised dealer till full export value declared on the form or as certified by the designated officials at STPI, whichever is higher has been realised and repatriated to India and thereafter will be submitted to the Reserve Bank duly certified under cover of an appropriate R Return along with a copy/ies of invoice/s.

at the time of DEBONDING ALL THE SOFTEX FORM MUST SUBMITTED BUT U COULD NOT ???