Computer Software-New Export Policy

New Export Policy THE computer software policy announced by the government on December 19 provides for single window clearance of software applications including issuance of import licences and liberal grant of foreign exchange for manpower development. The policy aims at providing a significant boost to software exports. For this purpose, exporters would be allowed to import software under OGL with an ad valorem duty of only 60 per cent but against such imports there will be a heavy export obligation and defaulters would be liable to heavy penalties. Under the existing norms, imports of certain types of software are allowed at a higher duty of 145 per cent.