The RBI has introduced amended Export-Import Regulations under FEMA, effective 1 October 2026, streamlining timelines, EDPMS compliance, and AD bank obligations for exporters and importers.
FEMA Export-Import Regulations 2026: Key Changes from 1 October
The Reserve Bank of India (RBI) has notified the Foreign Exchange Management (Export and Import of Goods and Services) (Amendment) Regulations, 2026, effective 1 October 2026. These amendments revise key timelines and compliance mechanisms for exporters and importers under the Foreign Exchange Management Act, 1999 (FEMA).
Significant changes include the reduction of the export realisation period to nine months (from the earlier longer duration) and alignment of import payment obligations within twelve months. The regulations reinforce the use of the Electronic Data Processing and Monitoring System (EDPMS) and the Integrated Double Entry Payment System (IDPMS) for reporting export proceeds and import payments. Authorised Dealer (AD) banks are required to ensure stricter compliance with end-use monitoring and reporting of delays in realisation.
Exporters must now file electronic declaration forms (EDF) promptly and ensure adherence to revised timelines to avoid FEMA contraventions. These amendments reflect RBI’s focus on tightening foreign exchange compliance while promoting digital reporting and transparency in cross-border trade.
Citations
- Foreign Exchange Management (Export and Import of Goods and Services) (Amendment) Regulations, 2026