Latest posts
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How to fill the Export Declaration Form for service exports, field by field
A field-by-field guide to filling RBI's Export Declaration Form for service exports: what to enter, how the 30-day deadline works, and a worked invoice example.
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Export realisation period from 1 October 2026: nine months, not fifteen
RBI cut the export realisation period to nine months (twelve for rupee invoices) just before the new FEMA rules began on 1 October 2026. How to count it and what to do if a client pays late.
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How long should a foreign payment take to reach you? From October, your bank has a deadline
Your client paid on Monday and the money still is not in. From October 2026 RBI requires banks to credit inward payments the same business day - what that covers, and what it does not.
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Closing an open EDPMS entry: the ₹10 lakh self-declaration route
Your AD bank can close an EDPMS entry of ₹10 lakh or less on a simple declaration from you. The relief has been live since October 2025, and the FEMA 2026 regulations write it into the rules from 1 October 2026.
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ITR-3 and ITR-4 are due 31 August, and it is permanent
If you file ITR-3 or ITR-4 and bill foreign clients, your due date is 31 August 2026. It is a permanent statutory change, not an extension. What moved, what did not, and what to check first.
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Merchanting trade under FEMA 2026: the six-month rule
From 1 October 2026, Regulation 16 gives merchanting traders six months between the two remittance legs, with an AD extension possible. What the rule says, quoted in full.
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Set-off of export receivables against import payables: what changes in October 2026
You export to a client and buy from the same company. Regulation 7 lets your AD bank net the two off from October 2026 — with limits most guides get wrong.
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Can your bank fine you for a late export filing? From October 2026, no
From 1 October 2026, your AD bank cannot levy a penalty on you for your own FEMA delay. What Regulation 19 changes, what your bank can still charge, and how to escalate.
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When a foreign client never pays: unrealised export proceeds and the new one-year rule
An unpaid export invoice is a FEMA problem, not only a cash-flow one. The realisation clock, the write-off route below 10 lakh rupees, and the new rule from 1 October 2026 restricting further exports once proceeds stay…
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Inward remittance rejected or returned? Why it happens and how to prevent it
Foreign payments come back for a short list of reasons: beneficiary name mismatch, missing purpose code, incomplete account details, or a compliance hold. What each looks like, how long the money takes to return, and…