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EXCHANGE CONTROL SOFTWARE EXPORT DECLARATION (SOFTER) FORM (For declaration of Software Exports through data-communication links and receipt of Royalty on the Software Packages/Products exported)
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Point by point, here is how to fill out the softex form - rbidocs:

01
Start by downloading the softex form - rbidocs from the official website of the Reserve Bank of India (RBI).
02
Fill in the required information in the designated sections of the form. This includes details such as the name of the exporter, address, contact information, and PAN number.
03
Provide information about the authorized dealer (AD) bank through which the transaction will be conducted.
04
Specify the purpose of the remittance, whether it is for payment of exports, software exports, or any other eligible purpose.
05
Enter the details of the invoice, including the description, quantity, unit price, and total value of the exports.
06
If the remittance is for software exports, provide the necessary details such as the invoice serial number, description of services, and total value of the exports.
07
Provide information about any underlying agreement or contract related to the export transaction.
08
Declare whether the remittance is under the purview of the Foreign Exchange Management Act (FEMA) and if any previous remittances have been made for the same transaction.
09
If applicable, mention the details of previous softex forms filed for the same transaction.
10
Sign and date the form to validate the information provided.

Who needs softex form - rbidocs?

The softex form - rbidocs is required by exporters who need to declare their exports to the Reserve Bank of India (RBI). This form is mainly utilized for software exports or any other eligible purpose as per the guidelines of RBI. Companies or individuals that engage in the export of goods or services and remit funds abroad are generally required to fill out this form. It is essential to ensure compliance with RBI regulations and facilitate the smooth transfer of funds.
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The Softex form - RBIDocs is a form required by the Reserve Bank of India for reporting software exports.
Any Indian company or individual engaging in the export of software services is required to file the Softex form - RBIDocs.
The Softex form - RBIDocs can be filled out online on the RBI's website by providing the necessary information about the software exports.
The purpose of the Softex form - RBIDocs is to monitor and record software exports from India.
The Softex form - RBIDocs requires information such as the invoice value of the exports, the end-user of the software, and the mode of receipt of payment.
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