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Y M Shah & Co

FEMA | Exports | In force from 1 October 2026

EDF Rules 2026: Export Declaration Form Guide for Exporters

Who must file, deadlines, realisation periods, penalties and practical steps, with links to the official sources.

Update, 7 October 2026: RBI clarification. RBI Governor Sanjay Malhotra said that individuals undertaking transactions of a personal nature do not have to report them under the new Regulations, irrespective of the amount. His examples included paying for a TV channel, an app or a newspaper, and earning from services such as tutoring or small software work from abroad. For small exporters, a self-declaration can be given instead of uploading an invoice for transactions of up to Rs. 10 lakh per bill. He also said reporting on the RBI system is done by banks and authorised dealers, with exporters only providing the required information to their bank, and that FAQs will be issued soon. Companies, LLPs, firms and other business entities should continue to treat the EDF rules as applicable. These are public statements reported in the press. The FAQs or a circular are awaited, and this guide will be updated when they are published.
The short version
  • The Export Declaration Form (EDF) is a FEMA declaration of the full export value. From 1 October 2026 it covers goods, software and all other services.
  • Source: FEM (Export and Import of Goods and Services) Regulations, 2026, Notification No. FEMA 23(R)/2026-RB dated 13 January 2026.
  • For services, the EDF is due within 30 days from the end of the month of the invoice. One consolidated monthly EDF is allowed.
  • SOFTEX is discontinued. Update, 7 October 2026: the RBI Governor has said individuals need not report transactions of a personal nature, and FAQs are awaited.
  • Export proceeds must generally be realised within nine months (twelve months for rupee exports), after the 22 September 2026 amendment.
  • Non-compliance can attract penalties under Section 13 of FEMA.

On 1 October 2026, a new foreign exchange rulebook for exports and imports came into force. The Reserve Bank of India’s Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026 replace the 2015 export regulations and, for the first time, extend the Export Declaration Form (EDF) to every export of services. That includes consulting, freelance work, software, and income from overseas brands and platforms.

This guide explains the EDF rules in plain language, step by step, and links to the official sources at the end so that you can check every point yourself. It is written for exporters of goods and services, freelancers, creators, professionals and finance teams.

What is the Export Declaration Form (EDF)?

The EDF is a declaration made under the Foreign Exchange Management Act, 1999 (FEMA). In it, an exporter states the full export value of what has been exported. The declaration lets the RBI and the exporter’s bank follow an export from the moment it is declared to the moment the foreign exchange is received and the entry is closed.

Until 30 September 2026 the position was split. Goods needed an EDF, software needed a SOFTEX form, and other services generally needed no declaration at all. From 1 October 2026 a single EDF, annexed to the 2026 Regulations, covers goods, software and all other services.

Key terms in one place

  • Exporter: the person who exports goods or services from India, whatever their size or legal form.
  • Authorised Dealer (AD) bank: the bank authorised to deal in foreign exchange, through which export proceeds are received.
  • Specified authority: the authority to which the EDF is furnished. For most exporters this is the AD bank.
  • EDPMS: the Export Data Processing and Monitoring System, through which each export entry is tracked until it is realised.
  • Realisation and repatriation: bringing the foreign exchange for the export into India within the period allowed.
InstrumentWhat it does
Foreign Exchange Management Act, 1999 (Sections 7, 8, 13 and 15)Empowers the RBI to regulate exports, requires exporters to declare exports and to realise and repatriate proceeds, and sets penalties and compounding.
FEM (Export and Import of Goods and Services) Regulations, 2026, Notification No. FEMA 23(R)/2026-RB dated 13 January 2026The principal Regulations. In force from 1 October 2026, with the Export Declaration Form annexed.
RBI Directions on Export and Import of Goods and Services, January 2026 (communicated to AD banks by A.P. (DIR Series) Circular No. 20 dated 16 January 2026)Operational instructions to Authorised Dealer banks that sit under the Regulations.
FEM (Export and Import of Goods and Services) (Amendment) Regulations, 2026 dated 22 September 2026Shortened the realisation periods in Regulation 5(1) before the Regulations commenced, and added a Regulation 20 for certain pre-1 October transactions.
FEM (Export of Goods and Services) Regulations, 2015 and the Master Direction on Export of Goods and ServicesThe earlier framework. Superseded from 1 October 2026, except for things done or omitted before then.

Commentary written before 22 September 2026 may quote longer realisation periods, because the January 2026 text originally provided for fifteen months (eighteen for rupee exports). The September amendment reduced these before the Regulations commenced. Always read the current RBI text.

What changed on 1 October 2026

PointUp to 30 September 2026From 1 October 2026
Governing rules2015 Export Regulations and Master Direction2026 Export and Import Regulations and RBI Directions
GoodsEDF at the time of exportEDF at the time of export
SoftwareSOFTEX formEDF. SOFTEX is discontinued
Services other than softwareNo declaration was requiredEDF is mandatory
Deadline for servicesNot applicable30 days from the end of the month in which the invoice is raised
Recording in EDPMSMainly goods and softwareGoods, software and all other services
Realisation periodAs under the earlier frameworkNine months (twelve months for rupee-invoiced or rupee-settled exports), after the 22 September 2026 amendment

The practical effect is that exporters of services, who used to be outside the declaration system, now enter a monthly declare, monitor and realise cycle.

Who must file the EDF?

The obligation attaches to the exporter. The Regulations themselves do not carve out small business exporters by turnover or by the value of an invoice, although the RBI Governor has since said that individuals are not required to report transactions of a personal nature (see the update at the top of this guide). In practice, the following are covered:

  • Exporters of goods through customs ports, including exports by post and courier.
  • Exporters of software, who now use the EDF instead of SOFTEX.
  • Consultants, professionals, agencies and IT and IT-enabled service providers who bill overseas clients.
  • Sole proprietors and professionals who export services through a business or firm. Please check the RBI FAQs on how individuals and proprietors are treated.
  • Creators, performers and artists who operate through a company, LLP or firm.
  • Units in Special Economic Zones, who furnish the declaration to the Development Commissioner in the case of services.

EDF for the export of goods

An exporter of goods furnishes the EDF at the time of export, stating the full export value of the goods. For exports through customs EDI ports, the declaration is integrated with the shipping bill process, so the exporter’s customs broker or bank will usually guide the filing. Exporters who ship through other routes should check with their AD bank how the declaration is to be made.

EDF for the export of services

This is the part that is new for most readers.

  • Deadline: within 30 days from the end of the month in which the invoice is raised.
  • Consolidated filing: one EDF may cover all services exported to one or more recipients in a month.
  • Alternative for non-software services: the EDF may be furnished on or before the date of receipt of payment.
  • Extension: the AD bank may extend the time on a reasonable request that states the reasons for delay.
  • To whom: the AD bank. For software, the declaration may go to the AD bank or the Software Technology Parks of India (STPI). For SEZ units it goes to the Development Commissioner.

Worked example

Suppose a creator invoices a foreign brand on 12 October 2026 and another on 27 October 2026. Both fall in the month of October. A single consolidated EDF for those invoices is due by 30 November 2026.

Invoice raised inEDF due by
October 202630 November 2026
November 202630 December 2026
December 202630 January 2027

Because the period runs from the month of the invoice, not from the date the work is completed, the safest practice is to raise invoices promptly and to diarise the declaration at the same time. The relationship between the “on or before receipt of payment” option and the 30-day limit can be read in more than one way, so confirm with your AD bank which approach it follows, and treat 30 days from month end as the outer limit unless the bank confirms otherwise.

What information does the EDF ask for?

The exact layout is in the Annex to the Regulations. In summary, expect to provide:

  • The exporter’s name, address, PAN, GSTIN, Importer-Exporter Code where applicable, and the AD bank code.
  • For each overseas recipient: name, address and country.
  • For each invoice: number, date, currency and amount, and the net realisable value.
  • A reference to the contract or purchase order, where one exists.
  • A description of the service and its Service Accounting Code (SAC).
  • A declaration by the exporter that the full export value will be received through the AD bank within the period allowed.

How to file the EDF for services: step by step

  1. List the month’s export invoices. Pull every invoice raised to overseas clients in the calendar month, with currency, amount, client details and SAC.
  2. Check that each one is an export. Confirm that the client is outside India and that the service is supplied to them for use abroad.
  3. Get your AD bank’s procedure. Each AD bank must maintain an internal policy and standard operating procedure listing documents, timelines and charges. Ask for it, and ask in what mode the EDF is to be submitted.
  4. Prepare the EDF. Use the format annexed to the Regulations, consolidated for the month.
  5. Submit it on time. The due date is 30 days from the end of the invoice month, unless the AD bank has extended it.
  6. Check the bank’s EDPMS entry. The AD bank records the details of an EDF for services in EDPMS within five working days of receiving it.
  7. Track realisation. Keep the invoice, the declaration and the bank advice for each remittance together, until the entry is closed.

What happens after the EDF is filed

The declaration creates an open entry in EDPMS. When the money arrives, the AD bank satisfies itself that the transaction is genuine, credits your account, and closes or updates the entry. Each AD bank must disclose the main features of its procedure on its website, and an AD bank cannot levy a charge or penalty on an exporter for a regulatory delay or violation that belongs to the exporter.

Realisation and repatriation timelines

SituationPeriod or rule
Goods and services (general)Nine months from the date of shipment (goods) or the date of invoice (services)
Exports invoiced or settled in Indian rupeesTwelve months
Goods exported to an overseas warehouseNine months from the date of sale of the goods from the warehouse
Delay for genuine reasonsThe AD bank may extend the period on a reasoned request
Under-realisation or non-realisationThe AD bank may allow a reduction in export value if satisfied with the reasons (Regulation 6)
Set-off against importsAllowed against the same overseas party or its group or associate companies, within the realisation period (Regulation 7)
Payment from a third partyPermitted if the AD bank is satisfied about the genuineness of the arrangement (Regulation 8)
Advance received before the exportRoute the advance and later realisation through the same AD bank, or another after informing both (Regulation 10)
Proceeds unrealised beyond one year of the due dateFurther exports may be allowed only against full advance or an irrevocable Letter of Credit (Regulation 13)

These timelines matter because an open EDPMS entry that stays unrealised can attract questions from your bank and, in time, from the regulator.

Small-value exports: the Rs. 10 lakh declaration route

For invoices up to Rs. 10 lakh or its equivalent, the Regulations allow the EDPMS entry to be closed on a declaration by the exporter that payment has been realised in full or otherwise, instead of a document-heavy closure. Reductions in export value up to the same limit can also be made on the exporter’s declaration, and declarations may be given quarterly for bulk closure of entries. Your AD bank’s procedure will say how it wishes to receive these. On 7 October 2026 the RBI Governor also said that small exporters can give a self-declaration instead of uploading an invoice for transactions of up to Rs. 10 lakh per bill. Commentators note that the Rs. 10 lakh figure simplifies closure of entries and is not a blanket exemption from the declaration itself, so confirm the exact mechanics with your bank and in the RBI FAQs.

Penalties and practical consequences

Failing to furnish the EDF, or failing to realise and repatriate export proceeds as required, is a contravention of FEMA. Under Section 13 of the Act, the penalty can extend to three times the sum involved where the amount is quantifiable, or Rs. 2 lakh where it is not, with a further penalty that can run daily while the contravention continues. A contravention can often be compounded on application under Section 15.

The practical consequences usually come earlier. If there is no EDF, there is no EDPMS entry, and the bank must be satisfied about genuineness before it credits an inward remittance. That can delay your money and the bank evidence that you may later need for a GST refund or an export claim.

EDF, GST and income tax: how they fit together

QuestionShort answer
Does EDF replace the GST export documents?No. The EDF is a FEMA declaration. GST zero-rating and refunds have their own conditions, though the invoices underlying both should match.
Does EDF change how export income is taxed?No. It does not alter income tax. It records and tracks the export and the foreign exchange received.
Does a small invoice escape EDF?The EDF requirement itself has no value threshold. A declaration-based closure of the EDPMS entry is available for invoices up to Rs. 10 lakh.

For GST, a service qualifies as an export only if the conditions in Section 2(6) of the IGST Act, 2017 are all met, including payment in convertible foreign exchange where required. A qualifying export is zero-rated under Section 16, which can allow supply under a Letter of Undertaking. Your EDF, your GST invoices and your books should describe the same transactions, so reconcile them each month. Our guide on foreign brand deals: GST, tax and FEMA basics covers the GST side in more detail.

For income tax, income from exports by a resident is generally taxable in India. Tax withheld abroad may be claimable as credit under the conditions of the law. The EDF does not change any of this.

What the EDF means for creators, influencers and freelancers

If a foreign brand pays you for sponsored content, an overseas client pays you for design, editing, coaching or consulting, or a global platform pays you for your content, you are exporting a service in the ordinary sense. Whether the new EDF reporting applies to you depends on how you earn. On 7 October 2026 the RBI Governor said that individuals do not have to report transactions of a personal nature, and gave the example of earning from services such as tutoring or small software work from abroad. If you operate through a company, LLP or firm, treat the EDF rules as applicable unless the RBI’s FAQs say otherwise. For a creator who earns clearly commercial income in his or her own name, the position is not yet settled in a published FAQ, and treating commercial income as a personal transaction without checking may raise questions. Please wait for the FAQs or ask your AD bank.

  • Keep a monthly list. Brand, country, invoice number, date, currency, amount and a one-line description of the work.
  • Use your bank account consistently. Receive foreign payments in the same account where possible, so that one AD bank has the full picture.
  • Ask about platform payouts. Payments through payment aggregators and platforms may be handled differently by different banks, so ask your bank how it wants the EDF filed for them.
  • Record non-cash benefits. If a foreign brand gives you a trip or products in return for work, speak to your adviser about how that is valued and declared.
  • Do not wait for a query. Filing the first month early makes the habit easy.

Transitional points to remember

  • The 2026 Regulations supersede the 2015 Regulations from 1 October 2026, except for things done or omitted before that date.
  • Invoices dated up to 30 September 2026 continue under the earlier framework. The first monthly EDF under the new rules covers invoices raised in October 2026.
  • The September 2026 amendment lets AD banks handle certain pre-October transactions that used to need RBI approval.
  • Older checklists, SOFTEX procedures and Master Direction references should be retired.

Common mistakes to avoid

  • Assuming that small or occasional exports do not need a declaration.
  • Counting the 30 days from the date of payment or completion instead of from the invoice month.
  • Receiving export proceeds in several banks without telling any of them about the others.
  • Letting an invoice stay unrealised without asking the AD bank for an extension in time.
  • Showing different figures in the EDF, the GST return and the books.
  • Relying on articles written before the 22 September 2026 amendment.

A practical monthly checklist

  1. Within the first week of the month, list all export invoices of the previous month.
  2. Check each client, currency, amount and SAC.
  3. Prepare and submit the consolidated EDF, well before the 30-day deadline.
  4. Confirm that the bank has recorded the entry.
  5. Match each remittance to its invoice and keep the bank advice.
  6. Diarise the realisation date for every open invoice.
  7. Reconcile the month’s exports with GST returns and the books.

Frequently asked questions

On 7 October 2026 the RBI Governor said that individuals do not have to report transactions of a personal nature under the new Regulations, irrespective of the amount, for example earning from tutoring or small software work from abroad. He said that banks and authorised dealers, not exporters, do the reporting on the RBI system, and that FAQs will follow. The FAQs are not yet published, so check the RBI website and your bank.

EDF stands for Export Declaration Form. It is the form annexed to the Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026.

The Regulations came into force on 1 October 2026. Invoices raised on or after that date fall under the new framework.

Yes, for covered exporters. From 1 October 2026 exporters of services, including software, furnish an EDF. Earlier, services other than software did not need one. The RBI Governor has said that individuals need not report transactions of a personal nature.

Within 30 days from the end of the month in which the invoice is raised. For October 2026 invoices, the date is 30 November 2026.

Yes. An exporter of services may furnish one consolidated EDF for all services exported to one or more recipients in a month.

No. The EDF replaces SOFTEX for software exports from 1 October 2026.

For most exporters, the Authorised Dealer bank. Software exporters may also use STPI, and SEZ units furnish it to the Development Commissioner.

After the 22 September 2026 amendment, nine months from shipment or invoice, and twelve months for exports invoiced or settled in Indian rupees. The AD bank may extend the period for genuine reasons.

Not necessarily. On 7 October 2026 the RBI Governor said individuals need not report transactions of a personal nature, such as earning from tutoring or small software work from abroad. A creator or freelancer working as an individual may therefore not have to file, but one operating through a company, LLP or firm should treat the EDF rules as applicable, and the treatment of sole proprietors awaits the RBI’s FAQs. Ask your AD bank until the FAQs are out.

Speak to your AD bank at once. The bank may extend the time on a reasonable request. Continued non-compliance is a contravention of FEMA and can attract penalties.

It does not change them. But the invoices should be consistent across the EDF, GST returns and books, and the bank realisation evidence supports GST export claims.

On the Reserve Bank of India website, under its FEMA notifications, and in the Gazette of India. Links are given in the sources section below.

Official sources and where to verify

Please verify the rules against the official texts. These are the primary government sources, and the Regulations and RBI Directions prevail over any summary, including this one.

Professional commentary has also been used to cross-check the effect of the September 2026 amendment. Where commentary and the official text differ, the official text governs. The 7 October 2026 clarification is based on public remarks of the RBI Governor reported by Business Standard and Business Today. It is not yet a published FAQ or circular, so please check the RBI website for those when they are issued.

Below is the exact format and structural data you need to compile for your bank

This document contains a professional template for the new RBI Export Declaration Form (EDF) format structured for service exporters. It features standard layout input fields for your company details and your bank's 14-digit AD code, an organized invoice tracking table to list your service types and SAC codes, and the required regulatory compliance text declaring that foreign remittances will be brought to India within 9 months.
 
Download in Word

Your Responsibility: You must fill out and submit the consolidated monthly EDF directly to your AD Bank (the bank where your foreign funds land). This must be done within 30 days from the end of the month in which you raised the invoice.

The Bank’s Role: Your bank acts as the gatekeeper. They take your submitted EDF, manually or digitally upload it to the RBI EDPMS portal to open your tracking entry, and link it to your incoming foreign inward remittances.

If exporting goods: Ensure your bank’s 14-digit AD code is properly registered on ICEGATE so your shipping bills flow to the RBI automatically.

Last updated: 7 October 2026. This guide is based on the law and RBI texts available on that date, which are recent and may be amended or clarified. It is general information, not professional advice for your particular situation.

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