Which among the following is a correct statement about Softex?
[A]It is an annual expo held in New Delhi for promotion of software export industry in India
[B]It is form which software companies need to fill and submit to RBI when they export software
[C]It is a cloud service developed and deployed by NIC
[D]None of the above is a correct answer
It is form which software companies need to fill and submit to RBI when they export software
The SOFTEX is an RBI form available online. It requires companies to submit contracts and statements- of-work with every invoice. This form helps RBI to monitor inward and outward remittances in the software business.