GENERAL28 Sept 2026
New Fema trade rules: More flexibility and greater bank oversight
New Foreign Exchange Management Act (FEMA) trade rules now give you 12 months to realise payment for goods invoiced or settled in Indian rupees, against the earlier nine months. This mainly helps traders who bill in rupees. At the same time, banks get greater oversight of these deals. Review your open invoices and confirm timelines with your bank.
Key Statutory Highlights
- Goods invoiced or settled in Indian rupees now get 12 months for realisation of payment.
- This is longer than the earlier nine-month period allowed.
- The new FEMA trade rules also bring greater bank oversight over these transactions.
Actionable Advice for Taxpayers / Founders:Check your pending rupee-invoiced trade bills and speak to your bank to confirm how the longer realisation window applies to your case before you rely on it.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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