Master Direction – Export of Goods and Services (Updated as on January 12, 2026)

Export of Goods and Services: exporters must realise and repatriate proceeds and AD banks must ensure reporting, KYC and compliance.

The Master Direction requires exporters to realise and repatriate full export proceeds within prescribed periods and mandates that receipts be routed through AD Category I banks in permitted manners (Nostro/Vostro, ACU, Special Rupee Vostro/INR settlement, third party/beneficiary currency subject to checks). It prescribes EDF/SOFTEX/EDPMS reporting, documentation and due diligence standards, conditions for advances and long term export receipts, and AD bank responsibilities for KYC/AML, verification, follow up of overdue bills, write offs, refunds and compliance with Reserve Bank approvals where applicable.