The Foreign Exchange Management (Export of Goods and Services) (Second Amendment) Regulations, 2025 amend the 2015 Principal Regulations by extending various time limits. The period for realising export proceeds under Regulation 9 is increased from nine months to fifteen months. Under Regulation 15, the time permitted for exporters to write off unrealised export bills is extended from one year to three years, including in the proviso and related sub-regulations.
These amendments take effect from the date of their publication in the Official Gazette.
Link – https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12923&Mode=0
