The Reserve Bank of India has issued the Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026, effective from 1 October 2026, consolidating earlier export–import rules into a single framework. The regulations mandate digital reporting through RBI systems, strengthen the role of Authorised Dealer banks, and route approvals via the PRAVAAH portal. Exporters now get 15 months to realise proceeds, extended to 18 months for INR-denominated exports, along with a self-declaration route for small-value transactions. At the same time, stricter controls apply to unrealised exports, merchanting trade, and sensitive imports.