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of <h1>Export declaration and realisation timelines for exporters and ADs: EDF submission, EDPMS reporting, verification and extension rules</h1> Exporters must submit an Export Declaration Form (EDF) to the specified authority for goods at export and for services within 30 days of invoice, with EDFs treated as part of shipping bills at EDI ports; this prescribes formal declaration and submission timing and channels. The period for realisation and repatriation of export proceeds is prescribed (generally 15 months; 18 months if invoiced/settled in INR; project exports as per contract), thereby fixing time limits and permitting Authorised Dealers (ADs) to grant extensions. ADs must satisfy themselves of genuineness before credit/debit and update/close EDPMS/IDPMS, thereby creating AD verification and reporting obligations. Provisions allow reduction of export realisation, set-off against import payables, permitted third-party receipts/payments, restrictions on advance remittances for gold/silver, requirements for advance/failed imports (including standby LC/guarantee), Merchanting Trade timeframes and documentation, AD internal SOP/policy mandates, and specified reporting and monitoring requirements, each producing corresponding operational controls and compliance duties on ADs. The RBI issues supervisory guidance.
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