RBI to Enforce New FEMA Export-Import Regulations with Compliance Easing from October 2026

The Reserve Bank of India (RBI) will implement new Foreign Exchange Management (Export and Import of Goods and Services) Regulations from October 1, 2026, requiring authorised dealer banks to report export and import details in the Export Data Processing and Monitoring System (EDPMS) and Import Data Processing and Monitoring System (IDPMS) within five working days. The RBI retains a 15-month timeline for export proceeds realisation, extended to 18 months for rupee-settled exports, with banks allowed to grant case-by-case extensions. For transactions up to ₹10 lakh, exporters and importers can close outstanding entries via self-declarations, easing compliance for MSMEs and service exporters.