RBI notifies FEMA Export–Import Regulations, 2026

In brief

On 13 January 2026, the Reserve Bank of India (RBI) notified¹ the Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026 (Regulations 2026) and Directions to Authorised Dealers on Export and Import of Goods and Services (Directions 2026). These will come in effect from 1 October 2026. Regulations 2026 will supersede the current Foreign Exchange Management (Export of Goods and Services) Regulations 2015, Master Direction – Export of Goods and Services, Master Direction – Import of Goods and Services and several circulars listed in Directions 2026. 

Regulations 2026 notified by RBI are primarily principle based and aim to promote ease of doing business, especially for small exporters and importers. They also aim to empower Authorised Dealers (ADs) to provide quicker and more efficient service to their customers.