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RBI revises Export of Goods and Services framework
The Reserve Bank of India (RBI) has revised the timeline for realization of export proceeds, effectively reverting to the earlier prescribed period of nine months under the Foreign Exchange Management (Export of Goods and Services) Regulations, 2018.
Vide the Foreign Exchange Management (Export of Goods and Services) (First Amendment) Regulations, 2026, Regulation 9 which governs the period within which export proceeds should be realized and repatriated to India, has been amended to substitute the words “fifteen months” with “nine months”.
Accordingly, export proceeds (other than those covered by specific exemptions) should now be realized and repatriated to India within nine months from the date of export.
Source: Notification No. FEMA 23(R)/(8)/2026-RB dated 5 June 2026.