Requirement:Filing a Softex form is mandatory for IT service and software exporters in India. 2) Preparation of Softex form- After registering with STPI, softex form should be prepared. 3) Submission to STPI- Post preparations of Softex form, form must be submitted with STPI for approval. 3) To remain compliant with FEMA & RBI rules- Non filing of Softex forms can lead to penalties & fines by RBI on Exporters. To remain compliant with FEMA laws, it is mandatory to file Softex forms on monthly basis.