TaxTMI 
TaxTMI 
Manner and Period within which Export or Import value of goods or services to be Realised
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.... • Rule 3 of the Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2023 has provided the manner of receipt and payment in respect of import and export • General Restriction • A person resident in India cannot make or receive payment from a person resident outside India except as permitted under the Act, rules, regulations, or directions. • The Reserve Bank may grant special permission upon application. • Mode of Payment • All receipts and payments must be made through an Authorised Bank or Authorised Person, unless otherwise specified. • Trade Transactions (Exports and Imports) • Nepal and Bhutan â€....
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....for a period beyond one year from the due date of realisation or extended period, if any, allowed by an Authorised Dealer, the exporter shall undertake further exports only against receipt of full advance or an irrevocable Letter of Credit. Role of Authorised Dealer (AD) [Regulation 4(2)] • An Authorised Dealer may credit or debit an exporter's or importer's account only after verifying the genuineness of the transaction. • The AD must simultaneously update or close the relevant entry in: • In case of Export of Goods/Services :- Export Data Processing and Monitoring System (EDPMS), or • In case of Export of Goods/Services :- Import Data Processing and Monitorin....
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....ent terms of the contract. • If invoiced/settled in Indian Rupees: The period is extended to 18 months instead of 15 months for all categories above. • Extension: The Authorised Dealer may allow further extension if the exporter provides valid reasons for delay. • The Authorised Dealer must have systems and processes to monitor exporters and ensure that export proceeds are realised within the specified time period. [ Sub Rule (2)] Time period for making import payment [ Regulation 9 of the Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026 ] • The Authorised Dealer must track import payments in IDPMS and follow up with importers to ensure f....
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...., 2015 Period within which Export value of Goods/Software/ Services to be Realised [ Regulation 9] (1) The amount representing the full export value of goods / software/ services exported shall be • realised and repatriated to India within • Upto 12.11.2025 - 9 months from the date of export or • From 13.11.2025 - 15 months from the date of export or • within such period as may be specified by the Reserve Bank, in consultation with the Government, from time to time from the date of export, provided • (a) that where the goods are exported to a warehouse established outside India with the permission of the Reserve Bank, • the amount ....
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....iod as may be specified by the Reserve Bank, in consultation with the Government, from time to time from the date of export • Provided further that the Reserve Bank, or subject to the directions issued by the Bank in this behalf, the authorised dealer may, for a sufficient and reasonable cause shown, extend the said period. [sub-clause 2(a)] (b) Reserve Bank may cease to export goods or software • On the reasonable and sufficient cause direct that the said exporter/s shall cease to be governed by sub-regulation (2); • the unit has been given a reasonable opportunity to make a representation in the matter. [sub-clause 2(b)] (c) On such direction, the said exporter/s shall be g....