<h1>RBI proposes simplified compliance for small-value exports under INR 10 lakh through quarterly declarations instead of detailed documentation</h1> The Reserve Bank of India issued draft directions to simplify compliance for small-value exports in the Export Data Processing and Monitoring System. For shipping bills valued up to INR 10 lakh, authorized dealer banks may reconcile and close bills based on quarterly exporter declarations rather than detailed documentation. Banks can accept declared export value reductions through exporter declarations and must review charges to ensure they are commensurate with services while avoiding penal charges for regulatory delays. The changes aim to reduce compliance burden on small-value exporters while maintaining monitoring of export fund realization. Public feedback is sought until July 31, 2025.