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Export Proceeds Realisation

Track 9-month export realisation timelines, alerts for overdue invoices.

Track realisation of export proceeds against FEMA timelines. Failure to realise within stipulated period leads to compounding proceedings under Section 8 of FEMA, 1999.

FEMA Export / Import Regulations, 2026: The new regulations (RBI Notification FEMA 23(R)/2026-RB dated 13 January 2026) come into force from 1 October 2026. They consolidate the previous fragmented regime and introduce a unified Export Declaration Form (EDF) applicable to both goods and services.

Realisation Tracker

Statutory deadline-
Days from export0
Days remaining-
Status-
Standard limit is 9 months for most exporters; 15 months for status holders / SEZ / EOU.
Realisation timelines (FEMA, RBI Master Direction):
  • Normal exporters: 9 months from the date of export.
  • Status holders / SEZ / EOU units: 15 months from the date of export.
  • Goods exported to a warehouse abroad: 15 months.
  • Software exports: 9 months from the date of invoice.
  • Project exports: Period as specified by approval authority.
Consequences of non-realisation:
  • Section 8 contravention: Penalty up to 3 times the export value (Section 13 FEMA).
  • Reputation impact: Exporter listed on Caution List by RBI, restricting future foreign currency transactions.
  • Extension: AD Bank may grant extension; large amounts require RBI approval. Apply before deadline.
  • Write-off: Limited to 5% of total export proceeds in a calendar year per exporter (without RBI approval); beyond this, compounding required.
  • e-BRC (Bank Realisation Certificate): Must be obtained from AD Bank within 21 days of realisation, uploaded to DGFT portal for benefits / drawback.
Key forms:
  • EDF (new unified form, from 1 Oct 2026): Replaces separate forms for goods, services, software.
  • SOFTEX: For software exports (to be issued by STPI / SEZ before invoice).
  • FIRC / FIRA: Foreign Inward Remittance Certificate issued by AD Bank on realisation.
  • e-BRC: Electronic Bank Realisation Certificate uploaded to DGFT portal.
  • EEFC Account: Up to 100% export proceeds retainable for outward remittances; non-interest bearing.
Important note: This tool provides an indicative output only. It does not factor in every special provision, surcharge, exception, or recent notification. Verify with the firm before acting on any computation.

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