New Delhi, Jan 17 || The Reserve Bank of India (RBI) has said that the recently issued Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026 will come into force from October 1 — easing compliance for smaller traders and strengthening digital monitoring.
"The regulations are primarily principle based and intended to promote ease of doing business, especially for small exporters and importers. They are also intended to empower Authorised Dealers to provide quicker and more efficient service to their customers," an official statement said.
The regulations, announced on January 13, will replace the 2015 export rules empowering authorised dealer banks to manage routine trade matters under their internal policies.
As per the RBI notification, exporters of goods will continue to declare shipment values through the Export Declaration Form (EDF) embedded in shipping bills at (Electronic Data Interchange) EDI ports.
EDI ports support customs clearance and trade documentation electronically rather than through manual paperwork.