Reserve Bank of India shortens the export-proceeds realisation period to nine months from fifteen
Exporters and their Authorised Dealer banks must realise and repatriate the affected export proceeds within nine months, down from fifteen, under the amended FEMA Export of Goods and Services Regulations.
Change
The Reserve Bank of India amended Regulation 9 of the Foreign Exchange Management (Export of Goods & Services) Regulations, 2015 to shorten the export-proceeds realisation and repatriation period from fifteen months to nine months, effective from publication in the Official Gazette.
Why it matters
The amendment compresses the window for realising and repatriating the relevant export proceeds into India by six months, tightening the timeline exporters and their Authorised Dealer banks must track against outstanding export bills. Because the change is made directly in Regulation 9 of the principal Export Regulations, it applies as a standing rule rather than a temporary relaxation, and AD Category-I banks' follow-up and reporting on overdue export proceeds must align to the nine-month period.
Implications
- — Exporters subject to the realisation requirement must arrange to realise and repatriate the affected export proceeds within nine months of the relevant date instead of fifteen, or fall into overdue status under the amended FEMA Export Regulations.
- — Authorised Dealer Category-I banks must reconfigure their monitoring, follow-up and reporting of outstanding export bills to the nine-month realisation period, so that overdue identification and regulatory reporting reflect the shortened window.
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