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The Reserve Bank of India (RBI) has announced key regulatory relaxations to provide greater operational flexibility and reduce compliance burdens for exporters, importers, and merchanting traders. The changes were outlined in the Statement on Developmental and Regulatory Policies dated October 1, 20
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The main purpose is to provide greater operational flexibility and reduce the compliance burdens for exporters, importers, and merchanting traders.
The time period for the forex outlay in case of MTT has been increased from four months to six months.
The simplified process now includes small-value export transactions and small-value import transactions.
The process involves the Export Data Processing and Management System (EDPMS) for exports and the Import Data Processing and Management System (IDPMS) for imports.
The changes were announced in the Statement on Developmental and Regulatory Policies dated October 1, 2025.
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