Rbi compliance for export over dues

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Ganeshbabu K (Querist)
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07 May 2013 i heard that if there is any export over dues there is some rbi compliances for companies
please let me know if any body knows regarding this

Ganeshbabu K

Ganeshbabu K (Querist)
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07 May 2013 i heard some where there is some compliances with rbi if there is export dues of more than 6 months,

Please clarify me in this regard

Ganeshbabu K

Ganeshbabu K (Querist)
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07 May 2013 Yes,.

i found a link
http://www.rbi.org.in/scripts/ECMUserChapterDetail.aspx?Id=312&CatID=13

please clarify me what are consequences in the event of non-compliance with this statutory requirement

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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20 July 2025 Regarding RBI compliance for export overdues, here’s a clear summary for you:

1. What are Export Overdues?
Export overdue means when payment against export invoices is not received within the prescribed time limit.
Under FEMA and RBI regulations, the exporter is required to realize and repatriate export proceeds into India within 9 months from the date of export.
If export proceeds are outstanding beyond 9 months, they are classified as “Export Overdues”.
2. RBI Compliance for Export Overdues
Obligation:
Exporters must report overdue export proceeds to RBI and take steps to realize the amount.
Reporting:
Exporters should submit details of export overdue payments in the Export Data Processing and Monitoring System (EDPMS) or through authorized dealer banks to RBI.
Monitoring:
RBI monitors overdue export proceeds and may require exporters to explain reasons for delay and steps taken to recover dues.
Legal Requirement:
As per FEMA and RBI Master Directions, exporters are required to adhere to timelines and realize export proceeds within the stipulated period.
3. Consequences of Non-Compliance
Penalties:
RBI may impose penalties or initiate enforcement action under FEMA for non-realization of export proceeds or failure to report overdue payments.
Restricted Transactions:
Exporters who repeatedly fail to comply may face restrictions on further foreign exchange transactions or renewal of export licenses.
Adverse Impact:
Non-compliance may impact the firm’s credit rating, ability to get export benefits, and cause regulatory scrutiny.
4. Where to Find More Details?
RBI’s official guidelines on this are detailed on their site, especially under the Foreign Exchange Management (Export of Goods and Services) Regulations.
The link you found:
RBI - Export Overdues
contains detailed instructions on monitoring and reporting.

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