Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026

RESERVE BANK OF INDIA
(FOREIGN EXCHANGE DEPARTMENT)
CENTRAL OFFICE
MUMBAI 400 001

Notification No. FEMA 23(R)/2026-RB
 

January 13, 2026

Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026

In exercise of the powers conferred by Section 7, Section 8, sub-section (6) of Section 10 and sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in supersession of the Foreign Exchange Management (Export of Goods & Services) Regulations, 2015 (Notification No. FEMA 23(R)/2015-RB dated January 12, 2016), except in respect of things done or omitted to be done before such supersession, Reserve Bank of India makes the following Regulations, namely:

1. Short title and commencement.- (1) These Regulations may be called the Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026.
(2) These regulations shall come into force from October 01, 2026.

2. Definitions.- (1) In these Regulations, unless the context requires otherwise, -

(a) “Act” means the Foreign Exchange Management Act, 1999 (42 of 1999);

(b) “Authorised Dealer” means a person authorised as an authorised dealer under sub- section (1) of Section 10 of the Act;

(c) “Export Declaration Form” (EDF) means the form given at Annex;

(d) “Project Export” shall have the same meaning as defined in the Foreign Trade Policy;

(e) “Software” means any computer programme, database, drawing, design, audio/video signals, any information by whatever name called in or on any medium other than in or on any physical medium;

(f) “Specified authority” means:

(i) Commissioner of Customs in Domestic Tariff Area (DTA) and Development Commissioner of Special Economic Zone (SEZ) in SEZ, for goods;

(ii) An Authorised Dealer in DTA and Development Commissioner of Special Economic Zone (SEZ) in SEZ, for services other than software; and

(iii) An Authorised Dealer or Software Technology Parks of India (STPI) in DTA, and Development Commissioner of Special Economic Zone (SEZ) in SEZ, for software.
Explanation. – For the purpose of these regulations, ‘services’ shall also include ‘software’.
 
 

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