📢 RBI Updates Export Rules under FEMA – Explained Simply (Nov 2025)
The Reserve Bank of India has issued a new notification on 13 November 2025 that brings important relaxations for exporters under FEMA.
This amendment is officially called:
Foreign Exchange Management (Export of Goods and Services) (Second Amendment) Regulations, 2025
Let’s break it down in very easy language 👇
🔍 What Is This Notification About?
This notification amends the existing FEMA Export Regulations, 2015.
The main focus is on giving exporters more time:
- To realise export proceeds
- To adjust advance payments received for exports
✅ Key Changes Explained Simply
🕒 1. More Time to Receive Export Money (Regulation 9)
🔴 Old Rule:
- Export proceeds had to be realised within 9 months
🟢 New Rule:
- Export proceeds can now be realised within 15 months
📌 What this means for exporters:
You now get 6 extra months to receive payment from your overseas buyer without seeking special approval.
✔ Applies to:
- Physical exports
- Deemed exports
- Services exports
🕒 2. More Time to Adjust Export Advances (Regulation 15)
Exporters often receive advance payment before shipping goods or providing services.
🔴 Old Rule:
- Advance had to be adjusted within 1 year
🟢 New Rule:
- Advance can now be adjusted within 3 years
📌 This change applies to:
- Export of goods
- Export of services
- Provisions including extensions and provisos
✔ This gives exporters much more flexibility, especially in long-term or delayed projects.
📌 Summary Table (Quick View)
| Topic | Old Time Limit | New Time Limit |
|---|---|---|
| Realisation of export proceeds | 9 months | 15 months |
| Adjustment of export advance | 1 year | 3 years |
💡 Why This Change Is Important
- Helps exporters dealing with global delays
- Reduces compliance pressure
- Supports long-term contracts and services
- Aligns FEMA rules with practical business realities
📘 Legal Background (Simple Reference)
These amendments are issued under the powers of:
- Section 7
- Section 8
- Section 47(2) of the Foreign Exchange Management Act, 1999
📝 Final Takeaway
👉 Exporters now have more breathing space under FEMA.
👉 15 months to realise export proceeds.
👉 3 years to adjust advance payments.
