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Corporate Laws Central Ministry of Finance Foreign Exchange Management Act, 1999

FEMA issues FEM (Export and Import of Goods and Services) (Amendment) Regulations, 2026

22-Sep-2026 | No. FEMA 23(R)/(1)/2026-RB

FEMA issues FEM (Export and Import of Goods and Services) (Amendment) Regulations, 2026, effective from 01st October 2026. Key Highlights: 1. The time period for realisation of exports has been reduced to 9 months from 15 months from the date of shipment in case of goods, from the date of invoice in case of services and from the date of sale of goods from the warehouse in case of goods exported to a warehouse outside India. 2. The period of realisation and repatriation of full export value, in case of export of goods and services is invoiced or/and settled in Indian Rupees, has been reduced from 18 months to 12 months from the date of shipment in case of goods, from the date of invoice in case of services and from the date of sale of goods from the warehouse in case of goods exported to a warehouse outside India. 3. A proviso has been added in Para 13 which states that the exporters in the Caution List, as on September 30, 2026, as per orders issued by the Reserve Bank under Regulation 16 of the Foreign Exchange Management (Export of Goods & Services) Regulations, 2015, shall continue to be governed by the said order till such time the exporter is removed from the Caution List. 4. Para 20 has been inserted, which states the powers of Authorised Dealers related to handling transactions related to the export and import of goods and services, as well as merchanting trade.

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