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        FEMA

        Regulation 9 - Time period for making import payment

        Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026

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        Import payments: authorised dealers must monitor IDPMS and ensure timely payment, may grant extensions if reasons justified. Authorised Dealers must monitor IDPMS entries and follow up with importers to obtain payment within the contractually specified period; on an importer's request citing reasons for delay, the Authorised Dealer may, if satisfied of those reasons, permit an extension of time beyond the contractual period.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Import payments: authorised dealers must monitor IDPMS and ensure timely payment, may grant extensions if reasons justified.

                                Authorised Dealers must monitor IDPMS entries and follow up with importers to obtain payment within the contractually specified period; on an importer's request citing reasons for delay, the Authorised Dealer may, if satisfied of those reasons, permit an extension of time beyond the contractual period.


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