https://www.taxtmi.com/news?id=57497 The Reserve Bank extends the repatriation period for foreign currency accounts maintained by Indian exporters in IFSC Banking Units to three months and increases permitted forex outlay for Merchandise Trade Transactions to six months; it also simplifies reconciliation and bill closure in EDPMS and IDPMS based on declaratory statements for small-value bills, enabling authorised dealer banks to reduce realisable values and thereby reduce compliance burden, while proposing rationalisation of FEMA rules for non-resident business presence and targeted amendments to External Commercial Borrowing provisions. en-us Wed, 01 Oct 2025 12:46:03 +0530 Wed, 01 Oct 2025 12:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=57497 The Reserve Bank extends the repatriation period for foreign currency accounts maintained by Indian exporters in IFSC Banking Units to three months and increases permitted forex outlay for Merchandise Trade Transactions to six months; it also simplifies reconciliation and bill closure in EDPMS and IDPMS based on declaratory statements for small-value bills, enabling authorised dealer banks to reduce realisable values and thereby reduce compliance burden, while proposing rationalisation of FEMA rules for non-resident business presence and targeted amendments to External Commercial Borrowing provisions. News - Wed, 01 Oct 2025 12:46:03 +0530 https://www.taxtmi.com/news?id=57497