<h1>Central bank eases export forex rules: longer repatriation, higher trade forex limits, simpler reconciliations, relaxed FEMA and ECB norms</h1> The central bank announced regulatory amendments to ease export-related foreign exchange and compliance burdens following recent trade restrictions. Key changes: extend repatriation time for foreign-currency export accounts maintained in IFSC from one to three months; increase permitted forex outlay for Merchandise Trade Transactions from four to six months; simplify EDPMS/IDPMS reconciliation by allowing banks to close bills on declaratory realization for amounts = Rs 10 lakh per bill; and rationalise FEMA provisions for non-resident business presence and External Commercial Borrowing rules (eligible borrowers, recognised lenders, limits, costs, end-use and reporting). Amendments will be notified shortly.