RBI Eases Export-Import Rules: Small Transactions Up to ₹10 Lakh Can Be Closed with Self-Declaration

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The Reserve Bank of India (RBI) has announced new relaxations in the
Export Data Processing and Monitoring System (EDPMS) and
Import Data Processing and Monitoring System (IDPMS) to simplify
compliance for small exporters and importers.
The move is aimed at enabling faster closure of trade entries and
reducing operational burden on businesses.

New Guidelines for Small Transactions

As per the circular, Authorised Dealer (AD) Category-I banks can now
close entries of value up to ₹10 lakh per bill in EDPMS and IDPMS
based on a self-declaration from exporters or importers:

• Exporters may declare that the amount has been realised.
• Importers may declare that the payment has been made.
• Reductions in declared invoice values will also be accepted on the basis of such declarations.
• Declarations can be submitted quarterly in consolidated form for multiple bills.

Charges and Penalties

RBI has directed AD banks to review charges levied on handling small-value
export and import transactions. Banks must ensure that charges are reasonable
and in line with services rendered.

Importantly, no penal charges can be levied on exporters or importers
for delays in compliance under these revised norms.

Effective Immediately

The new rules take effect immediately and relevant changes will be updated
in the Master Direction on Export of Goods & Services and
Master Direction on Import of Goods & Services.

The directions have been issued under sections 10(4) and 11(1)
of the Foreign Exchange Management Act (FEMA), 1999.

Source: RBI Circular (A.P. DIR Series Circular No.12, October 1, 2025)