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CHEMEXCIL
Basic Chemicals, Cosmetics & Dyes Export Promotion Council
(Set-up by Ministry of Commerce and Industry, Govt of India)
Jhansi Castle, 4th floor, 7-Cooperage Road, Mumbai - 400 001. India.
Tel: +91-22- 69821200 to 206
Email : info@chemexcil.in Web : https://chemexcil.in
EPC: ROKOL:RBI-FED-190 10 th June, 2026.
To
ALL THE MEMBERS OF THE COUNCIL
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RBI Notification on Amendment to FEMA (Export of Goods and Services) Regulations, 2026 – Reduction in Export Proceeds Realisation Period
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Dear Member,
This is to inform that the Reserve Bank of India (RBI) has issued Notification No. FEMA 23(R)/(8)/2026-RB dated June 05, 2026, amending the Foreign Exchange Management (Export of Goods and Services) Regulations, 2015.
As per the amendment, RBI has revised the timeline for realization and repatriation of export proceeds under Regulation 9 of the principal regulations.
Key Amendment
The prescribed period for realization and repatriation of export proceeds has been reduced from fifteen (15) months to nine (9) months from the date of export.
Accordingly:
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In Regulation 9(1), the words "fifteen months" have been substituted with "nine months".
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In Regulation 9(2)(a), the words "fifteen months" have been substituted with "nine months".
The amendment shall come into force from the date of its publication in the Official Gazette(i.e. 5th June, 2026)
Members may study the RBI notification (Enclosed) in detail and take necessary steps to ensure compliance with the amended provisions
With Kind Regards,
Vishal S. Ganju
Executive Director
CHEMEXCIL
Encl: RBI Notification dated 05.06.2026
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