FEMA: export proceeds back to nine months, and EDF relief for service exporters

Realisation period for exports

The RBI amended the FEMA regulations on export and import of goods and services in September 2026. From 1 October 2026, the period for realising and repatriating export proceeds goes back to nine months. It had been relaxed to fifteen months the previous year. Authorised dealer banks can process approvals that were pending from before October.

Export declaration (EDF) relief for services

A further amendment notified in early November 2026, effective from 1 October 2026, eases the export declaration requirement for exporters of services:

• For resident individuals exporting services, the EDF is treated as submitted once they give the payment details to their authorised dealer bank.
• Other exporters of services get the same relief for receipts up to ₹10 lakh.

What to do

• Exporters should track invoices raised from 1 October 2026 against the nine-month deadline and follow up early on overdue receivables.
• Service exporters should confirm with their bank which payments the bank will treat as declared, and what documents it needs.
• Where proceeds cannot be realised in time, apply to the authorised dealer bank for an extension before the deadline, not after.

This update reflects the position as on 7 November 2026 and is for general information only. It is not professional advice. Please refer to the official notification or circular, or speak to us, before acting on it.