{"id":958,"date":"2026-09-22T11:57:24","date_gmt":"2026-09-22T11:57:24","guid":{"rendered":"https:\/\/dgftexim.com\/blog\/?p=958"},"modified":"2026-09-22T11:57:25","modified_gmt":"2026-09-22T11:57:25","slug":"old-fema-vs-new-fema-2026-export-import-regulations","status":"publish","type":"post","link":"https:\/\/dgftexim.com\/blog\/old-fema-vs-new-fema-2026-export-import-regulations\/","title":{"rendered":"Old FEMA vs New FEMA 2026: Key Export-Import Regulations Effective from 1 October 2026 Part 2"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The <strong>Foreign Exchange Management Act (FEMA)<\/strong> regulates India&#8217;s foreign exchange transactions, including <strong>export proceeds, import payments, software exports, and international trade compliance.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Reserve Bank of India (RBI) has introduced the <strong>Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026<\/strong>, which will come into force on 1 October 2026.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">These regulations establish a consolidated framework for export and import transactions. <strong>Exporters, importers, and finance teams should review the changes and update their compliance procedures<\/strong> to meet the new requirements.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Exports Settled in Indian Rupees (INR)<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The new regulations provide a special period for export transactions invoiced and\/or settled in <strong>Indian Rupees (INR)<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The specified realisation and repatriation period is <strong>up to 18 months<\/strong>, as provided under the regulations.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Exporters should maintain proper documentation relating to invoices, payment receipts, and banking records.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Exporters and importers should understand the New FEMA Regulations 2026 and review their compliance procedures.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"939\" height=\"470\" src=\"https:\/\/dgftexim.com\/blog\/wp-content\/uploads\/2026\/09\/image-33.png\" alt=\"DGFT EXIM Consultants infographic on exports settled in Indian Rupees (INR) under New FEMA Regulations 2026, highlighting special provisions, 18-month realisation period, proper documentation, and opportunities for Indian exporters. Includes website www.dgftexim.com and contact number 8849767423.\" class=\"wp-image-959\" srcset=\"https:\/\/dgftexim.com\/blog\/wp-content\/uploads\/2026\/09\/image-33.png 939w, https:\/\/dgftexim.com\/blog\/wp-content\/uploads\/2026\/09\/image-33-300x150.png 300w, https:\/\/dgftexim.com\/blog\/wp-content\/uploads\/2026\/09\/image-33-767x384.png 767w\" sizes=\"auto, (max-width: 939px) 100vw, 939px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Export Declaration Form (EDF)<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The <strong><a href=\"https:\/\/dgftexim.com\/\" data-type=\"link\" data-id=\"https:\/\/dgftexim.com\/\">Export Declaration Form (EDF)<\/a><\/strong> is an important part of export reporting.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Under the new framework:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>For goods exported through an Electronic Data Interchange (EDI) port, the shipping bill may serve as the Export Declaration Form (EDF) submission.<\/li>\n\n\n\n<li>Service exporters must submit the EDF within the prescribed timeline.<\/li>\n\n\n\n<li>Subject to applicable provisions, service exporters may submit a single EDF covering exports made to one or more recipients during a month.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Accurate declarations and timely reporting help exporters comply with <strong>FEMA requirements.<\/strong><br><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"939\" height=\"470\" src=\"https:\/\/dgftexim.com\/blog\/wp-content\/uploads\/2026\/09\/image-34.png\" alt=\"DGFT EXIM Consultants infographic explaining the Export Declaration Form (EDF) under New FEMA Regulations 2026. Highlights EDF submission for goods exported through EDI ports, service exporters' EDF requirements, and a single EDF for multiple recipients. Emphasizes proper declaration, timely reporting, FEMA compliance, and smoother exports. Includes website www.dgftexim.com and contact number 8849767423.\" class=\"wp-image-960\" srcset=\"https:\/\/dgftexim.com\/blog\/wp-content\/uploads\/2026\/09\/image-34.png 939w, https:\/\/dgftexim.com\/blog\/wp-content\/uploads\/2026\/09\/image-34-300x150.png 300w, https:\/\/dgftexim.com\/blog\/wp-content\/uploads\/2026\/09\/image-34-767x384.png 767w\" sizes=\"auto, (max-width: 939px) 100vw, 939px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Software Export Reporting<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The <strong>new FEMA regulations cover software exports<\/strong> under the broader framework for export and import transactions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The regulations specify authorities for export declarations and reporting, including the <strong>Authorised Dealer and Software Technology Parks of India (STPI)<\/strong>, where applicable.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Software exporters should review their reporting procedures and coordinate with the relevant authorities and AD bank<\/strong> to maintain compliance.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"939\" height=\"470\" src=\"https:\/\/dgftexim.com\/blog\/wp-content\/uploads\/2026\/09\/image-35.png\" alt=\"DGFT EXIM Consultants infographic explaining software exports under New FEMA Regulations 2026. Highlights software exports within the broader export and import framework, reporting through Authorised Dealer (AD) Banks and Software Technology Parks of India (STPI), and exporter compliance steps. Includes website www.dgftexim.com and contact number 8849767423.\" class=\"wp-image-961\" srcset=\"https:\/\/dgftexim.com\/blog\/wp-content\/uploads\/2026\/09\/image-35.png 939w, https:\/\/dgftexim.com\/blog\/wp-content\/uploads\/2026\/09\/image-35-300x150.png 300w, https:\/\/dgftexim.com\/blog\/wp-content\/uploads\/2026\/09\/image-35-767x384.png 767w\" sizes=\"auto, (max-width: 939px) 100vw, 939px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">For updates on <strong><a href=\"https:\/\/dgftexim.com\/\" data-type=\"link\" data-id=\"https:\/\/dgftexim.com\/\">DGFT notifications, EXIM compliance, and import-export consultancy<\/a><\/strong>, stay connected with DGFT EXIM Consultants.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Foreign Exchange Management Act (FEMA) regulates India&#8217;s foreign exchange transactions, including export proceeds, import payments, software exports, and international trade compliance. The Reserve Bank of India (RBI) has introduced the Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026, which will come into force on 1 October 2026. These regulations establish&hellip;<\/p>\n","protected":false},"author":1,"featured_media":962,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,57],"tags":[613,608,123,637,635,627,172,632,633,634,636,631,628],"class_list":["post-958","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-dgft-updates","category-daily-update","tag-dgft-exim-consultants","tag-exim-compliance","tag-export-compliance","tag-export-import-regulations","tag-export-proceeds","tag-fema-2026","tag-import-compliance","tag-import-payments","tag-international-trade-compliance","tag-new-fema-regulations","tag-old-fema-vs-new-fema","tag-rbi-fema","tag-software-exports"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>New FEMA Regulations 2026: Old vs New Export Import Rules<\/title>\n<meta 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