Master Direction on Export of Goods and Services

Notification No.: RBI/FED/2015-16/11 dated October 01, 2025

The Reserve Bank of India has issued the Master Direction on Export of Goods and Services, consolidating the regulatory framework governing export transactions under FEMA. This direction serves as a comprehensive reference for authorised dealer banks and exporters, integrating all relevant circulars and notifications.
The Master Direction on Export of Goods and Services has been formally notified. It lays down procedures for realisation, repatriation of export proceeds, and other compliance requirements for exports from India. The direction supersedes earlier circulars and provides a single-point reference for exporters and authorised dealer banks under the FEMA framework.

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