[mitsu_san_4488]

Originally Posted by Samurai

No, it is too much. Do it yourself if it is one invoice per month, won't more than take 3-4 hours per month. Ask any doubts here, will clarify.

Thank you for your help. That makes sense. One question, is it necessary that you register with the STPI at the place you/your office (according to aadhar) is located at? or can i register in any other STPI within the state. Since i will be registering as a Non-STP unit and am anyway located outside of the STPI zone. I ask this keeping in mind the wait times and the presence of an STPI at my native city of Davangere. Thinking if i register there, the process will be much smoother/faster.

[Samurai]

Originally Posted by mitsu_san_4488

I ask this keeping in mind the wait times and the presence of an STPI at my native city of Davangere. Thinking if i register there, the process will be much smoother/faster.

Ok, good question.

There are two things that are important while registering as a non-STPI unit.

1) Registered Office: This could be anywhere in the state, STPI couldn't care less.
2) Development Location: This has to be in the jurisdiction of the STPI center or sub-center.

While signing up with STPI, pick Davangere as your development location. You need to provide the company address proof and matching internet bill for this location. Then you can deal with the Davangere STPI sub-center.

[carguy2021]

Originally Posted by Samurai

Much higher for me since the invoice amount is high.

Looks like HDFC Forex team cleared 2 EDPMS entries (was able to confirm that looking at the spreadsheet that I got from HDFC - pendingosadvance.inwardremitt@hdfcbank.com as these dropped off the sheet). When I asked Forex team on the E-BRCs, they asked me to generate it myself?

Can you please help me out here on that?

[Samurai]

Originally Posted by carguy2021

Can you please help me out here on that?

The details are here: https://content.dgft.gov.in/Website/...on_of_eBRC.pdf

But I never really bothered to generate the e-BRC. No one appears to be asking for them. I was told that any software export made over internet doesn't require e-BRC.

Still, I did some googling on this. Here is a Quora answer by someone who works for DGFT. He confirms the same.

[carguy2021]

Originally Posted by Samurai

The details are here: https://content.dgft.gov.in/Website/...on_of_eBRC.pdf

But I never really bothered to generate the e-BRC. No one appears to be asking for them. I was told that any software export made over internet doesn't require e-BRC.

Still, I did some googling on this. Here is a Quora answer by someone who works for DGFT. He confirms the same.

Thank you. As long as we don't need, I am not too bothered as well.

[mitsu_san_4488]

Originally Posted by carguy2021

Makes sense as they might be including charges/commission based on the invoice value.

Thank you again for your quick response.

Now will have to wait for the BRCs to be issued.

I also now have to file condonnation for few invoices they were processed before STPI registration was approved. Hopefully that goes smooth.

Hi There, What was the process for the condonation? How did it go?

[carguy2021]

Originally Posted by mitsu_san_4488

Hi There, What was the process for the condonation? How did it go?

First you need to send request email to stpi for condonation application process. They will send couple of forms. Some you/CA will need to fill and sign and some need to be signed by Bank. Then you will need to do separate applications for different condonations on the stpi portal. It took a while (think close to 3 months) with some back and forth queries but they finally approved.

[mitsu_san_4488]

I've run into a weird issue. I approached 2 CA's (one of the few who do know about the softex procedure) and both of them seem to be of the opinion that i should just file now and comply going forward and not get into the condonation process at all. When i approached my bank to ask about the change of purpose codes, the bank warned me as well saying this will open up a can of worms and RBI will come after me. Given that the condonation request needs a CA's certificate, the CA needs to be on-board with the decision to go ahead with condonation. These opinions seem to be in stark contrast to what i've been seeing in this thread about condonation and changing old purpose codes. I'm now at a crossroads and finding it difficult to decide on the next steps. I'm wondering why the CA's and the bank are discouraging me from the condonation process altogether. For context, i've been doing this for 2 years now and want to correct the old transactions and comply going forward. Is it because 2 years is too long a period that changing the purpose code is a hassle? Or would the amount involved have something to do with it?