- The new FEMA Export and Import Regulations, 2026, integrate export and import rules into a single regime, replacing previous regulations and master directions.
- Clear definitions and reporting authorities are prescribed for goods, services, and software exports in both Domestic Tariff Areas (DTA) and Special Economic Zones (SEZ).
- Export Declaration Form (EDF) filing is now mandatory for all exports, including services and software, with specific timelines and provisions for consolidated and delayed filings.
- Receipts and payments for exports and imports must comply with the 2023 regulations, with AD banks responsible for verifying transactions and updating monitoring systems.
- Export realization timelines are set at 15 months (18 months for INR transactions), with provisions for extensions and specific rules for project exports.
Source: taxathand.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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