The Reserve Bank of India has issued the Foreign Exchange Management (Export and Import of Goods and Services) (Amendment) Regulations, 2026, updating compliance and procedural norms for foreign trade under FEMA, 1999.
RBI Amends Export-Import Regulations under FEMA
The Reserve Bank of India (RBI), exercising powers under Sections 7, 8, 10(6), and 47(2) of the Foreign Exchange Management Act, 1999 (FEMA), has notified the Foreign Exchange Management (Export and Import of Goods and Services) (Amendment) Regulations, 2026. These amendments revise existing frameworks governing the export and import of goods and services, aiming to streamline compliance, enhance facilitation of legitimate trade, and strengthen risk-based monitoring mechanisms.
The specific changes are not detailed in the notification, but such amendments typically address documentation requirements, timeframes for realization of export proceeds, declaration norms, and permitted categories of transactions. The amendments align with India's evolving external trade environment and global best practices in trade facilitation and anti-money laundering standards. Stakeholders include exporters, importers, and Authorised Dealer (AD) banks.
Practitioners must review the full text of the amendment to assess impacts on transaction structuring and compliance advice. The notification underscores RBI’s continued regulatory oversight over foreign trade under FEMA, and affected entities should ensure updated internal policies reflect the revised mandates effective from September 22, 2026.
Citations
- Foreign Exchange Management Act, 1999, sections 7, 8, 10(6), 47(2)
