RBI reduces export proceeds realisation period to 9 months
RBI Reduces Export Proceeds Realisation Period from 15 Months to 9 Months under FEMA Amendment 2026
Foreign Exchange Management (Export of Goods and Services) (First Amendment) Regulations, 2026
In exercise of the powers granted under Sections 7, 8, and 47(2) of the Foreign Exchange Management Act, 1999, the Reserve Bank of India has introduced amendments to the Foreign Exchange Management (Export of Goods and Services) Regulations, 2015.
1. Title and Effective Date
- These regulations shall be known as the Foreign Exchange Management (Export of Goods and Services) (First Amendment) Regulations, 2026.
- The amendments shall become effective from the date they are published in the Official Gazette.
2. Changes to Regulation 9
The following revisions have been made to Regulation 9 of the existing regulations:
(a) Amendment to Regulation 9(1)
The prescribed period of 15 months has been reduced to 9 months.
(b) Amendment to Regulation 9(2)(a)
The reference to 15 months has likewise been replaced with 9 months.
Key Impact: The amendment shortens the permissible period for realization and repatriation of export proceeds from 15 months to 9 months, thereby requiring exporters to bring export earnings into India within the revised timeframe, unless otherwise permitted under applicable regulations.
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