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RBI Notifies Consolidated Export–Import Framework under FEMA – Tighter Monitoring, Simplified Compliance March 3, 2026
Published in: Alerts
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The Reserve Bank of India has notified the Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026, effective 1 October 2026, introducing a unified framework governing cross-border trade in goods and services.
The Regulations integrate export and import provisions into a single regime, streamline declaration and digital reporting requirements through systems such as EDPMS/IDPMS, and clarify timelines for export realisation, repatriation and foreign exchange settlement. They also formalise monitoring requirements, including merchanting trade transactions, and set out clear responsibilities for Authorised Dealer banks in reporting, compliance procedures and internal governance.
At the same time, the framework introduces procedural flexibility and scaled compliance relief for certain low-value transactions, permits structured set-offs and third-party payments subject to appropriate safeguards, and provides clarity on the conditions for reduction or non-realisation of export proceeds.
Overall, the revised regime seeks to balance trade facilitation with stronger regulatory supervision in India’s foreign exchange ecosystem.
To view the regulations, click here:
For any clarification, please write to [email protected]
