Under new FEMA regulations, service exporters will be required to file monthly EDF declarations starting October 2026. Non-compliance may impact eBRC generation and GST refunds.
Service Exporters to File Monthly EDF Under New FEMA Regulations
The Reserve Bank of India (RBI) has announced that service exporters must submit monthly Export Declaration Forms (EDF) starting from October 2026 as part of new regulations under the Foreign Exchange Management Act (FEMA). This change is set to enhance compliance and regulation in foreign trade.
Failure to file these declarations may lead to significant implications for exporters, including difficulties in generating Export Benefits Realisation Certificates (eBRC) and potential challenges in claiming Goods and Services Tax (GST) refunds. The RBI aims to streamline processes to ensure smoother export activities.
Practitioners should prepare their clients for this upcoming requirement to avoid disruptions in compliance and financial operations. With penalties for non-compliance, it is crucial to establish robust processes for timely filing of EDFs.
Citations
- FEMA Regulations (2026) 1 RBI 1
