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Export of computer Software : Export of Computer Software in physical form is done on GRPP forms. Export of computer software in non-physical form should be declared on SOFTEX form. The SOFTEX form is submitted in triplicate. Each exporter will have to designate a single branch of an authorised dealer to whom the export documents are submitted. Valuation of exports will be done by officials authorised by the Department of Electronics, Government of India. After verifying all the three copies of SOFTEX forms, the official will directly forward the original copy to the office of Reserve Bank under whose jurisdiction the exporter falls. The certified duplicate SOFTEX forms will be returned to the exporters together with all supporting documents and bills drawn on overseas buyers. The triplicate copy will be retained by the designated official for record to the Department of Electronics. The exporters have to submit the documents pertaining to export within 2 1 days from the date of export to the authorised dealer mentioned in the relevant declaration form unless the Reserve Bank authorises otherwise.
Forward Rate : The rate quoted for delivery of foreign exchange in future at some agreed date, i.e., when the value date is more than two business days in future, is called the fo
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