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The Reserve Bank of India amends the Foreign Exchange Management (Export of Goods & Services) Regulations, 2015. The Reserve Bank of India extends the time limit for the realization and repatriation of export proceeds from nine months to fifteen months. The Reserve Bank of India extends the time limit for software exports and related services from one year to three years. These regulations come into force from the date of their publication in the Official Gazette.
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RESERVE BANK OF INDIA
FOREIGN EXCHANGE DEPARTMENT
CENTRAL OFFICE
Mumbai 400 001
Notification No. FEMA 23(R)/(7)/2025-RB
November 13, 2025
Foreign Exchange Management (Export of Goods and Services) (Second Amendment) Regulations, 2025
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:
(Rohit P. Das)
Regional Director
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:-
