Export proceeds realisation period reduced from 15 to 9 months [Read Notification]

Export proceeds realisation period reduced from 15 to 9 months [Read Notification]

The Reserve Bank of India (RBI) has amended the Foreign Exchange Management (Export of Goods and Services) Regulations, 2015, through the Foreign Exchange Management (Export of Goods and Services) (First Amendment) Regulations, 2026.

These amendments have been made under the powers conferred on RBI under the Foreign Exchange Management Act (FEMA), 1999 and will come into force from the date of publication in the Official Gazette.

The key change relates to Regulation 9 of the existing regulations.

• In sub-regulation (1) for the words ‘fifteen months’, the words ‘nine months’ will be replaced.
• In sub-regulation (2), in clause (a), for the words ‘fifteen months’, the words ‘nine months‘ will be replaced.