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Core Purpose

The Reserve Bank of India notifies the Foreign Exchange Management (Export of Goods and Services) (First Amendment) Regulations, 2026, to amend the Foreign Exchange Management (Export of Goods & Services) Regulations, 2015.

Detailed Summary

The Reserve Bank of India (Foreign Exchange Department), exercising powers conferred by Section 7, Section 8, and sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), has issued the Foreign Exchange Management (Export of Goods and Services) (First Amendment) Regulations, 2026. These regulations, published on June 5, 2026, amend the principal Foreign Exchange Management (Export of Goods & Services) Regulations, 2015 [Notification No. FEMA_23(R)/2015-RB dated January 12, 2016]. Specifically, in Regulation 9 of the principal regulations, the words 'fifteen months' are substituted with 'nine months' in both sub-regulation (1) and clause (a) of sub-regulation (2). The principal regulations were originally published as G.S.R.No.19(E) dated January 12, 2016, and have been subsequently amended multiple times, with the latest prior amendments being FEMA 23(R)/(6)/2025-RB dated June 24, 2025, and FEMA 23(R)/(7)/2025-RB dated November 13, 2025. The notification is signed by Rohit P. Das, Regional Director.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-MH-E-05062026-273181 EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY No. 381] NEW DELHI, FRIDAY, JUNE 5, 2026/JYAISTHA 15, 1948 4044 GI/2026 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III-SEC.4] RESERVE BANK OF INDIA (Foreign Exchange Department) (CENTRAL OFFICE) NOTIFICATION Mumbai, the 5th June, 2026 Foreign Exchange Management (Export of Goods and Services) (First Amendment) Regulations, 2026 F. No. FEMA 23(R)/(8)/2026-RB.— In exercise of the powers conferred by Section 7, Section 8 and sub-section (2) of section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India makes the following amendments to the Foreign Exchange Management (Export of Goods & Services) Regulations, 2015 [Notification No. FEMA_23(R)/2015-RB dated January 12, 2016] (hereinafter referred to as 'the Principal Regulations'), namely: 1. Short Title and Commencement:- (i) These regulations may be called the Foreign Exchange Management (Export of Goods and Services) (First Amendment) Regulations, 2026 (ii) They shall come into force from the date of their publication in the Official Gazette. 2. Amendment to Regulation 9: In the principal regulations, in regulation 9 - (i) in sub-regulation (1) for the words ‘fifteen months', the words ‘nine months' shall be substituted. (ii) in sub-regulation (2), in clause (a) for the words ‘fifteen months', the words ‘nine months' shall be substituted. ROHIT P. DAS, Regional Director [ADVT.-III/4/Exty./151/2026-27] Foot Note.-The Principal Regulations were Published in the Official Gazette of Government of India – Extraordinary – Part-II, Section 3, Sub-Section (i) dated 12.01.2016- G.S.R.No.19(E) and subsequently amended vide the following, namely as under:- i. G.S.R.No. 635(E) dated 23.06.2017 ii. FEMA 23(R)/(2)/2019-RB dated December 03, 2019 iii. FEMA 23(R)/(3)/2020-RB dated March 31, 2020 iv. FEMA 23(R)/(4)/2021-RB dated January 08, 2021 v. FEMA 23(R)/(5)/2021-RB dated September 08, 2021 vi. FEMA 23(R)/(6)/2025-RB dated June 24, 2025 vii. FEMA 23(R)/(7)/2025-RB dated November 13, 2025 Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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