New Module for Reporting of Service Exports (SERF) Services exports are a significant portion of overall exports from SEZs. The SEZ Units are exporting various types of services such as Software, Support, ITeS, Research, Maintenance, Logistics, Warehousing etc. However, presently there is no structured mechanism for collection of information about the service exports being done by SEZ Units.
Softex Forms prescribed by RBI do not cover the entire gamut of services and filing timelines result in delay in compilation of data for reporting. In order to compile information, it is manually collected by Specified Officer from Zones and this information is only an aggregated, summarised information. Therefore, in order to identify the mechanism to facilitate and ensure, collection of structured, comprehensive information in a timely manner, a Committee was formed by SEZ Division,Ministry of Commerce and Industry, under Chairmanship of Shri. L B Singhal (Development Commissioner, Noida SEZ) and with members from Reserve Bank of India (RBI), Director General of Commercial Intelligence & Statistics (DGCI&S), Software Technology Parks of India (STPI) and NSDL to formulate a process for reporting of all Service Exports being performed by SEZ entities. Objective of this initiative was ensuring comprehensive reporting of all Service Export Invoices.
The Committee has considered the issues and recommended that an online facility needs to be provided to all SEZ Units to report the details of all service exports on a monthly basis through SEZ Online System. The recommendation was accepted by SEZ Division,Ministry of Commerce and Industry and NSDL was requested to implement the same. This module (titled “SERF”) has now been developed and would be made effective from September 2018