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

RBI issues Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026

13-Jan-2026 | Notification No. FEMA 23(R)/2026-RB.

RBI has issued the Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026, effective from 01st October 2026.

Key Highlights:
1. The exporter of goods must furnish a declaration in the Export Declaration Form (EDF) specifying the amount of full export value of goods to the specifying authority.
2. The time period of realisation of the full export value is specified in these regulations based on the export of goods or services.
3. An Authorised Dealer can permit the third-party receipts and payments for export and import transactions.
4. The provisions related to advance payment for exports and imports and delayed payment for imports have been specified in these regulations.
5. Provisions related to a person undertaking Merchanting Trade in accordance with the Foreign Trade Policy have been specified in these regulations.
6. An Authorised Dealer may permit receipts/ payments for project exports as per the underlying contract, after satisfying itself of the genuineness of the project.

Kindly refer to the attached document for more information.

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