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of <h1>Export-import transaction framework under Foreign Exchange Management Regulations, 2026 requires authorised dealers to use PRAVAAH, report suspicious transactions</h1> Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026 establish a consolidated regulatory framework governing export and import transactions under FEMA, 1999, applicable from October 1, 2026, and thereby replace prior master directions and listed circulars (operative effect: prior instruments listed are superseded). Authorised dealers are obliged to ensure compliance with FEMA, its subsidiary rules/regulations and the extant Foreign Trade Policy when handling exports/imports, including merchanting trade (operative effect: ADs must align transaction processing to the Regulations). ADs must route references to the Reserve Bank via the PRAVAAH portal and report doubtful transactions to DoE (operative effect: mandatory electronic filing and suspicious-transaction reporting). The issuing authority is RBI.
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