RBI · India
The Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026 take effect 1 October 2026. The headline change: the period to realise and repatriate export proceeds is shortened to 9 months from shipment (12 months for INR-settled exports). A single consolidated framework replaces the 2015 export rules.
RBI's FEMA (Export and Import of Goods and Services) Regulations, 2026 (Notification FEMA 23(R)/2026-RB) take effect 1 October 2026, consolidating export and import forex rules, replacing the 2015 export regulations and many associated circulars, and unifying goods, services and software exports under a single Export Declaration Form. Exporters and importers should confirm the revised realisation timelines with their banks.
The RBI's Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026 come into force on 1 October 2026, superseding the 2015 export regulations, the export/import Master Directions and 167 circulars. They keep the 15-month export realisation window, link import payment to contract, liberalise set-off and merchanting trade, and hand AD banks wider discretion.
The RBI's Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026 come into force on 1 October 2026, replacing the old split export/import regimes with one consolidated framework: a longer realisation window, a single common reporting form, a 3-year advance-shipment window and more decisions devolved to AD banks.