RBI Extends the Time Period for Realisation of Full Export from 9 to 15 Months

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  • Last Updated on 17 November, 2025

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RBI extends export realisation period

Notification No. F.No. FEMA 23(R)/(7)/2025-RB; Dated: 13.11.2025

1. Background

The Reserve Bank of India (RBI) has notified the Foreign Exchange Management (Export of Goods and Services) (Second Amendment) Regulations, 2025, amending provisions under Regulations 9 and 15 of the Foreign Exchange Management (Export of Goods and Services) Regulations, 2015.

The amendments aim to provide greater flexibility to exporters in realising export proceeds and in managing advance payments received against export orders.

2. Key Amendment 1 – Extended Period for Realisation and Repatriation of Export Proceeds

2.1 Earlier Provision

Under Regulation 9, the export value of goods, software, or services was required to be realised and repatriated to India within 9 months from the date of export.

2.2 Revised Provision

The RBI has now extended this period to 15 months, offering exporters additional time for recovery of payments from overseas buyers.

2.3 Applicability

The revised 15-month period also applies to exports made by:

  • Units in Special Economic Zones (SEZs),
  • Status Holder Exporters,
  • Export Oriented Units (EOUs), and
  • Units located in Electronics Hardware Technology Parks (EHTPs), Software Technology Parks (STPs), and Bio-Technology Parks (BTPs).

This harmonisation ensures uniformity across all export categories and promotes ease of doing business in international trade.

3. Key Amendment 2 – Extended Time for Shipment Against Advance Payments

3.1 Earlier Provision

Under Regulation 15, when an exporter received an advance payment (with or without interest) from a buyer or third party abroad, the exporter was required to ship the goods within one year from the date of receipt of such advance.

3.2 Revised Provision

The amended regulation now allows exporters up to three years from the date of receipt of advance payment to complete shipment of goods, provided the advance has been declared in the export documentation.

This change provides exporters with greater operational flexibility, especially in cases involving large, complex, or long-term export contracts.

4. Significance

These amendments are expected to:

  • Facilitate easier cash flow management for exporters,
  • Provide longer timelines for realisation and fulfilment of export obligations,
  • Improve India’s export competitiveness, and
  • Align export compliance requirements with global trade practices.
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Author: Taxmann

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

  • The statutory material is obtained only from the authorized and reliable sources
  • All the latest developments in the judicial and legislative fields are covered
  • Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
  • Every content published by Taxmann is complete, accurate and lucid
  • All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
  • The golden rules of grammar, style and consistency are thoroughly followed
  • Font and size that's easy to read and remain consistent across all imprint and digital publications are applied