1. What has changed under the RBI regulations from 1 October 2026?

“RBI has introduced a revised framework for export and import of goods and services, including merchanting trade. It covers export declarations, receipt and payment timelines, advances, adjustments and reporting through banks. The aim is to simplify processes while ensuring compliance with FEMA and the Foreign Trade Policy. (RBI Regulations, 2026; RBI Circular dated 16 January 2026)”