Search: export proceeds
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September 2026
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FEMA & RBIExporters get nine months to bring export proceeds home from 1 October 2026: RBI amends the new FEMA export-import regulations, notified with fifteen, before they take effect
Export proceeds: 9 monthsRule changeRBI has amended regulation 5(1) of the Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026 before they took effect. The period to realise and repatriate export value is nine months instead of fifteen, and twelve months instead of eighteen where the export is invoiced or settled in rupees. The amendment is in force from 1 October 2026.
August 2026
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Foreign TradeExport proceeds can be realised in any foreign currency or in Indian Rupees; rupee realisations get FTP benefits — Paras 2.52 and 2.53 amended by DGFT Notification 30/2026-27
Rupee exports get FTP benefitsRule changeDGFT has rewritten Paras 2.52 and 2.53 of the Foreign Trade Policy 2023. Export contracts and invoices (other than with ACU member countries) may be denominated in foreign currency or Indian Rupees, and proceeds realised in either. Exports realised in rupees through rupee accounts of non-residents qualify for export benefits and export obligation, at par with foreign currency.
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Foreign TradeDraft SOP for reporting inward remittances routed through NBFC Factors, for eBRC self-certification: DGFT Trade Notice 20/2026-27 invites comments
Comments within 30 daysComments invitedDGFT has circulated a draft Standard Operating Procedure on how Inward Remittance Messages (IRMs) are to be reported when export proceeds come through NBFC Factors. Factors would tag their SWIFT messages so that AD-I banks do not create IRMs for factoring proceeds; exporters would see factor-linked IRMs on the DGFT portal to self-certify eBRCs. Comments are invited within 30 days.
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