Export Proceeds Realisation
Track 9-month export realisation timelines, alerts for overdue invoices.
The Export Proceeds Realisation tracker monitors export invoices against FEMA timelines for realising export proceeds and flags invoices that are overdue. Failure to realise proceeds within the stipulated period can lead to compounding proceedings under Section 8 of FEMA, 1999. It is for exporters and their finance teams tracking outstanding receivables.
Use the Export Proceeds Realisation
Realisation Tracker
Statutory deadline-
Days from export0
Days remaining-
Status-
Period depends on the date of export: currently 9 months for all exporters, including SEZ units, EOUs and status holders.
Track realisation of export proceeds against FEMA timelines. Failure to realise within stipulated period leads to compounding proceedings under Section 8 of FEMA, 1999.
Realisation timelines (by date of export):
- Exports up to 12 November 2025: 9 months from the date of export.
- Exports from 13 November 2025 to 4 June 2026: 15 months (Notification FEMA 23(R)/(7)/2025-RB dated 13 November 2025).
- Exports from 5 June 2026 to 30 September 2026: 9 months (First Amendment Regulations, 2026 — Notification FEMA 23(R)/(8)/2026-RB dated 5 June 2026).
- Exports from 1 October 2026: 9 months; 12 months where invoiced / settled in INR (Export and Import Regulations, 2026 as amended by Notification FEMA 23(R)/(1)/2026-RB dated 22 September 2026).
- SEZ units, EOUs, status holders, STP / EHTP / BTP units: Same period as other exporters (there is no separate longer period).
- Goods exported to an overseas warehouse: for shipments up to 30 September 2026, within 15 months from the date of shipment (regulation 9(1), Export of Goods and Services Regulations, 2015); for exports from 1 October 2026, within 9 months from the date of sale of the goods from the warehouse (12 months where invoiced / settled in INR) under regulation 5(1)(b) of the 2026 Regulations as amended on 22 September 2026. This tracker counts from the date of export, so it does not compute warehouse deadlines.
- Project exports: as per the project export approval — confirm the applicable period with your AD bank.
The period applied depends on the date of export. Where an export falls on either side of a change date, or proceeds were outstanding when a period changed, confirm the applicable deadline with your AD bank; RBI's transitional guidance for exports made before 1 October 2026 should be checked.
Consequences of non-realisation:
- Section 8 contravention: Penalty up to 3 times the export value (Section 13 FEMA).
- Reputation impact: Exporter listed on Caution List by RBI, restricting future foreign currency transactions.
- Extension: AD Bank may grant extension; large amounts require RBI approval. Apply before deadline.
- Write-off: Limited to 5% of total export proceeds in a calendar year per exporter (without RBI approval); beyond this, compounding required.
- e-BRC (Bank Realisation Certificate): Must be obtained from AD Bank within 21 days of realisation, uploaded to DGFT portal for benefits / drawback.
Key forms:
- EDF (new unified form, from 1 Oct 2026): Replaces separate forms for goods, services, software.
- SOFTEX: For software exports (to be issued by STPI / SEZ before invoice).
- FIRC / FIRA: Foreign Inward Remittance Certificate issued by AD Bank on realisation.
- e-BRC: Electronic Bank Realisation Certificate uploaded to DGFT portal.
- EEFC Account: Up to 100% export proceeds retainable for outward remittances; non-interest bearing.
Important note: This tool provides an indicative output only. It does not factor in every special provision, surcharge, exception, or recent notification. Verify with the firm before acting on any computation.
Frequently Asked Questions
What is the time limit for realising export proceeds?
It depends on the date of export. Exports made from 5 June 2026 to 30 September 2026 must be realised within 9 months; exports made from 13 November 2025 to 4 June 2026 had 15 months. From 1 October 2026, under the FEMA Export and Import Regulations, 2026 as amended on 22 September 2026, the period is 9 months, or 12 months where the export is invoiced or settled in Indian rupees. SEZ units, EOUs and status holders follow the same period.
What happens if export proceeds are not realised on time?
Non-realisation within the permitted period is a contravention of Section 8 of FEMA, 1999, with a penalty of up to three times the export value under Section 13. The exporter may also be placed on the RBI Caution List. An extension can be sought from the AD Bank before the deadline, and compounding is available for delays that have already occurred.
How does the export proceeds tracker work?
Enter the export type, invoicing currency, the date of export or shipping bill, and the realisation date if proceeds have been received. The tool picks the period that applies to that export date (9, 12 or 15 months) and shows the deadline, the days elapsed, the days remaining and whether realisation was on time, is approaching the deadline or is overdue. It flags exports with less than 30 days left.
Due in the next 30 days
FEMAFull compliance calendar → Statutory dates, which can be extended by notification. General information only.