RBI Revises Export Realisation Timelines and Eases Trade Monitoring

The revised FEMA Regulations introduce a consolidated framework for export declarations, realisation of export proceeds, import payments, merchanting trade and authorised dealer monitoring. The general export-realisation period has been reduced from 15 months to nine months, while exports invoiced or settled in Indian rupees have a 12-month period instead of 18 months. At the same time, simplified closure procedures for transactions up to ₹10 lakh and greater operational responsibility for authorised dealers seek to streamline compliance.