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

RBI updates Master Direction - Export of Goods and Services

14-Nov-2025 | RBI/FED/2015-16/11 FED Master Direction No. 16/2015-16

RBI has updated Master Direction - Export of Goods and Services.

The following provisions have been updated:
Para A2 - It is obligatory on the part of the exporter to realise and repatriate the full value of goods / software / services to India within a stipulated period from the date of export.
ii. Exporters must realise and repatriate export proceeds within fifteen months from the date of export. This timeline applies to all exporters, including those in Special Economic Zones, Status Holder Exporters, Export Oriented Units, and units in Electronic Hardware Technology Parks, Software Technology Parks, and Bio-Technology Parks, until further notice.

Para C2 - Receipt of advance against exports
(1) When an exporter receives an advance payment from a buyer outside India (with or without interest), the exporter must follow certain conditions. The goods must be shipped within three years from the date the advance payment is received. If any interest is payable on the advance, it must not be more than the London Inter-Bank Offered Rate or any other widely accepted alternative reference rate plus 100 basis points. The shipping documents must also be routed through the Authorised Dealer Category I bank that received the advance payment.


For more information, please refer to the attached document.

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