{"items":[{"slug":"fema-export-import-regulations-2026","kind":"regulation","title":"FEMA Export and Import Regulations, 2026 in force from 1 October 2026","summary":"The Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026 replace the earlier export and import framework for transactions from 1 October 2026, with the A.P. (DIR Series) circulars issued under them.","changes":["Records dated from 1 October 2026 follow the 2026 regime; earlier records keep the rules they started under","Realisation and settlement periods are counted in calendar months on both the browser and server engines","EDPMS and IDPMS entries up to ₹10 lakh can be closed on the exporter's or importer's declaration","The AI drafting and the EDPMS / IDPMS check read the 2026 rules"],"sources":[{"label":"Notification FEMA 23(R)/2026-RB of 13 January 2026","url":"https://www.rbi.org.in/Scripts/BS_FemaNotifications.aspx?Id=13277"}],"modules":["import","export","merchanting","services"],"effectiveDate":"2026-10-01","adoptedDate":"2026-10-01","pinned":true,"publishedAt":"2026-10-06T05:19:22.479052"},{"slug":"monthly-edf-for-services-exports","kind":"regulation","title":"Monthly EDF for services exports replaces SOFTEX","summary":"From 1 October 2026 every exporter of services declares its exports on the Export Declaration Form — one EDF a month for each authority (AD bank, STPI or SEZ), due 30 days after the month ends. SOFTEX and the old EDF waiver for services are discontinued.","changes":["Service invoices › Monthly EDF groups every receipt invoice from 1 October 2026 by month and authority","Checks the SAC code and buyer particulars before filing, and shows what is due, due soon and overdue","Produces the EDF as PDF and CSV, emails it to the AD bank, and records the EDF number on every invoice of the month","Records an extension the AD bank allows; an invoice added to a filed month reopens it for a supplementary EDF"],"sources":[{"label":"A.P. (DIR Series) Circular No. 20 of 16 January 2026","url":"https://www.rbi.org.in/Scripts/NotificationUser.aspx"},{"label":"Notification FEMA 23(R)/2026-RB","url":"https://www.rbi.org.in/Scripts/BS_FemaNotifications.aspx?Id=13277"}],"modules":["services"],"effectiveDate":"2026-10-01","adoptedDate":"2026-10-01","pinned":true,"publishedAt":"2026-10-06T05:19:22.479304"},{"slug":"monthly-edf-individual-freelancers","kind":"regulation","title":"Monthly EDF: RBI indicates individuals need not file","summary":"RBI indicated on 7 October 2026 that individuals exporting services, such as freelancers, need not file the monthly Export Declaration Form that applies from 1 October 2026. Its FAQs are awaited, so until they are out an individual should ask the AD bank and keep its answer.","changes":["Service invoices › Monthly EDF tells an individual what RBI indicated and to confirm with the AD bank","The bank's answer can be recorded per month (Bank says not needed); the invoices then leave the EDF due list and their lifecycle no longer waits on an EDF number","If the bank still wants the EDF, it is produced as before, with an individual's own declaration (\"I declare\", PAN, no IEC needed)"],"sources":[{"label":"RBI notifications and press releases","url":"https://www.rbi.org.in/Scripts/NotificationUser.aspx"}],"modules":["services"],"effectiveDate":"2026-10-07","adoptedDate":"2026-10-08","pinned":false,"publishedAt":"2026-10-08T17:29:58.027595"},{"slug":"merchanting-trade-six-month-leg-gap","kind":"regulation","title":"Merchanting trade: legs at most six months apart","summary":"For merchanting trades begun from 1 October 2026, the import and export legs may be at most six months apart unless the AD bank extends the period.","changes":["Merchanting records check the gap between the two legs and warn before it runs out","Trades begun earlier keep the outlay rule they started under"],"sources":[{"label":"Notification FEMA 23(R)/(1)/2026-RB of 22 September 2026","url":"https://rbi.org.in/Scripts/BS_FemaNotifications.aspx?Id=13714"}],"modules":["merchanting"],"effectiveDate":"2026-10-01","adoptedDate":"2026-10-01","pinned":false,"publishedAt":"2026-10-06T05:19:22.479455"},{"slug":"export-realisation-nine-months","kind":"regulation","title":"Export proceeds: nine months from the invoice, twelve in rupees","summary":"The amendment of 22 September 2026 sets the realisation period for exports at nine months from the invoice date, and twelve months when the export is invoiced or settled in rupees.","changes":["Due dates on export and services receipt records follow nine months (twelve for rupee invoices)","Deadlines, reminders and the compliance calendar use the new period for records from 1 October 2026"],"sources":[{"label":"Notification FEMA 23(R)/(1)/2026-RB of 22 September 2026","url":"https://rbi.org.in/Scripts/BS_FemaNotifications.aspx?Id=13714"}],"modules":["export","services"],"effectiveDate":"2026-10-01","adoptedDate":"2026-10-01","pinned":false,"publishedAt":"2026-10-06T05:19:22.479388"},{"slug":"fla-return-fy-2025-26-due-31-july-2026","kind":"regulation","title":"FLA return for FY 2025-26: due 31 July 2026 on FLAIR","summary":"RBI extended the Annual Return on Foreign Liabilities and Assets as on 31 March 2026 from 15 July to 31 July 2026 and moved FLA correspondence to flareturn@rbi.org.in. Entities holding FDI or ODI on 31 March file on the FLAIR portal; a return on unaudited figures is revised on the audited accounts by 30 September.","changes":["Compliance › Reports & registers › FLA return prepares the return in FLAIR's order: who must file, Sections I to V, equity at own funds at book value, and FLAIR's consistency checks","Open receivables, payables and unapplied advances on each 31 March are read from the records at that day's rate, split between the foreign investor or enterprise abroad (other capital) and unrelated parties (trade credit)","The entry sheet lists every item to key in on FLAIR; the filing is recorded with its acknowledgement, and a filing on unaudited figures puts the 30 September revision on the compliance calendar"],"sources":[{"label":"RBI Master Direction — Reporting under FEMA (Annual Return on Foreign Liabilities and Assets)","url":"https://www.rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=10202"},{"label":"FLAIR portal","url":"https://flair.rbi.org.in"}],"modules":["import","export","merchanting","services"],"effectiveDate":"2026-07-31","adoptedDate":"2026-10-07","pinned":false,"publishedAt":"2026-10-07T05:40:00.435099"},{"slug":"form-145-and-146-under-income-tax-act-2025","kind":"regulation","title":"Form 145 and Form 146 replace Form 15CA and 15CB","summary":"Under the Income-tax Act, 2025 and Rule 220 of the Income-tax Rules, 2026, payments to non-residents are reported on Form 145, with the chartered accountant's certificate on Form 146.","changes":["Services payments open a Form 145 / 146 worksheet with the treaty article, rate and the Part that applies","The form as filed on the portal is attached with its acknowledgement or UDIN; FxLayer never files it","Listed chartered accountants can file for clients from the payment's worksheet"],"sources":[{"label":"Income-tax Act, 2025 s.397(3)(d); Income-tax Rules, 2026 Rule 220","url":"https://www.incometaxindia.gov.in/documents/d/guest/form-145-faqs"}],"modules":["services"],"effectiveDate":"2026-04-01","adoptedDate":null,"pinned":false,"publishedAt":"2026-10-06T05:19:22.479580"}]}