RBI eases forex rules for service exports and imports
In short
The RBI changed foreign exchange rules for services exports and imports, and the new rules took effect on October 1, 2026. For resident individuals exporting services, the Export Declaration Form counts as filed once the bank gets the information needed to credit the payment. There is no transaction-value threshold for them.
What the reporting says
The RBI eased forex rules for services exports and imports under amended Foreign Exchange Management regulations that came into effect on October 1, 2026. For resident individuals exporting services, the Export Declaration Form will be deemed submitted once the authorised dealer bank gets the information needed to credit payment, and no transaction-value threshold was prescribed.
Why it matters
The RBI eased foreign exchange rules for services exports and imports under amended regulations effective October 1, 2026. The key change is that a resident individual exporting services is treated as having submitted the Export Declaration Form once the authorised dealer bank receives the information needed to credit payment, with no transaction-value threshold set. That should simplify compliance for service exporters, but the reporting does not quantify the number of affected exporters or any economic impact.