FEMA Export–Import
Regulations, 2026 Notified w.e.f. 1 October 2026
·
The Reserve Bank of India (RBI)
has issued the Foreign
Exchange Management (Export and Import of Goods and Services) Regulations, 2026
along with corresponding Directions
on Export and Import of Goods and Services.
·
The
new regulations and directions will come
into force from October 1, 2026.
·
The
framework is primarily
principle-based, moving away from prescriptive controls to
provide greater flexibility in trade-related foreign exchange transactions.
·
A key
objective is to promote
ease of doing business, with special emphasis on small exporters and importers.
·
The
regulations are designed to empower
Authorised Dealers (AD banks) to deliver faster and more efficient services
to exporters and importers.
·
The
final regulations incorporate stakeholder
feedback received on the draft versions released on:
o July 2, 2024
o April 4, 2025
·
RBI
examined and suitably addressed stakeholder comments, with its responses to
major issues provided in
an Annex to the notification.
·
Overall,
the new FEMA regulations aim to streamline
export–import procedures, reduce compliance burden, and improve
the efficiency of foreign exchange management in India.
Foreign Exchange Management
(Export and Import of Goods and Services) Regulations, 2026 and Directions on Export
and Import of Goods and Services
The
Reserve Bank of India has issued the Foreign Exchange Management (Export and
Import of Goods and Services) Regulations, 2026 and Directions on Export and
Import of Goods and Services, which shall come into force from October 01, 2026.
The regulations are primarily principle based and intended to promote ease of doing
business, especially for small exporters and importers. They are also intended to
empower Authorised Dealers to provide quicker and more efficient service to their
customers.
2.
These regulations and directions have been issued after examining and suitably including
feedback received from stakeholders on the draft regulations and draft directions
published on the Bank’s website vide Press Release dated July 02, 2024 and Press
Release April 04, 2025. Bank’s response to the major comments received are in the
Annex.