{"id":27260,"date":"2026-06-29T16:43:02","date_gmt":"2026-06-29T11:13:02","guid":{"rendered":"https:\/\/razorpay.com\/blog\/?p=27260"},"modified":"2026-06-29T16:56:08","modified_gmt":"2026-06-29T11:26:08","slug":"how-indian-it-firms-receive-jpy-from-japanese-clients","status":"publish","type":"post","link":"https:\/\/razorpay.com\/blog\/how-indian-it-firms-receive-jpy-from-japanese-clients\/","title":{"rendered":"How Indian IT Firms Receive JPY from Japanese Clients: Payment Rails, FIRC, and What to Watch Out For"},"content":{"rendered":"<p><span style=\"font-size: 19px; color: rgba(0, 0, 0, 0.74); font-weight: 400;\">When a Japanese client pays an Indian IT firm in yen, the money typically moves through one of three rails &#8211; a traditional SWIFT bank wire into an Authorised Dealer (AD) bank, a fintech collection platform, or a virtual multi-currency account &#8211; and lands as INR in your account. Along the way, your bank issues a Foreign Inward Remittance Advice (FIRA or FIRS), not the old physical FIRC, which you later use for GST refunds and export documentation.<\/span><\/p>\n<p>This guide is written for Indian software companies, SaaS firms, IT consultancies, GCC vendors, and freelancers serving Japanese clients. It is current as of June 29, 2026, and it matters because two things are in flux: the JPY\/INR rate moves daily, and India&#8217;s export-compliance framework is mid-transition, with the SOFTEX form gone and a unified Export Declaration Form (EDF) regime arriving on October 1, 2026. Getting the rail, the documents, the purpose code, and the timeline right is what keeps your earnings compliant and your margins intact.<\/p>\n<div style=\"border-left: 4px solid #007BFF; background: #f0f8ff; padding: 25px; margin: 30px 0; border-radius: 8px; font-family: Arial, sans-serif; text-align: left;\">\n<h3 style=\"margin-top: 0; color: #007bff; font-size: 22px;\">Key Takeaways<\/h3>\n<ul style=\"margin: 15px 0; padding-left: 20px; color: #333; line-height: 1.6;\">\n<li>Most IT service exporters now receive a FIRA or FIRS from their AD bank, not a traditional physical FIRC, when a Japanese client pays.<\/li>\n<li>JPY is volatile. Over the prior 12 months, JPY\/INR traded between roughly 0.5636 and 0.6077, so invoicing currency and conversion timing directly affect what you net.<\/li>\n<li>SOFTEX filing was scrapped on January 13, 2026. A unified EDF framework takes effect October 1, 2026, and AD banks can certify software exports directly.<\/li>\n<li>The realisation deadline is effectively 9 months until September 30, 2026, then 15 months from October 1, 2026 (18 months for INR exports).<\/li>\n<li>Purpose codes matter: P0807 historically covered software exports requiring SOFTEX, P0802 covered software consulting without it, and P0803 covers data processing.<\/li>\n<li>Some Japanese payments tied to licensing or technical services may face withholding; the India-Japan treaty caps royalties and fees for technical services at 10% in qualifying cases.<\/li>\n<li>Hidden FX markups and intermediary &#8220;lifting&#8221; fees can quietly erode a JPY receipt.<\/li>\n<\/ul>\n<\/div>\n<h2>Why this matters now for India-Japan IT services<\/h2>\n<p>The commercial backdrop makes this corridor increasingly relevant for Indian technology firms.<\/p>\n<h3>Japan demand for Indian tech and GCC capacity is rising<\/h3>\n<p>India&#8217;s tech industry reached around USD 283 billion in FY25 and is expected to approach the USD 300 billion revenue milestone in FY2026, driven by AI implementation. Against that scale, Japanese demand for Indian delivery capability is growing sharply. Industry estimates place Japanese GCCs in India at about 60 by the end of 2025, up from around 30 in 2020, and Japan faces a projected shortfall of 790,000 advanced technology workers, which structurally pushes more work toward Indian teams.<\/p>\n<p>For payment operations, this means more contracts, more recurring invoices, and more yen flowing into Indian AD accounts than a generic USD-centric playbook assumes.<\/p>\n<h3>Why JPY receipts are becoming more common<\/h3>\n<p>Many overseas buyers default to invoicing in their own currency unless asked otherwise. As Japanese enterprises deepen India delivery relationships, more Indian firms are receiving in yen rather than USD. That shift is operationally significant because yen behaves very differently from the dollar, and the conversion mechanics determine your real INR realisation.<\/p>\n<div style=\"background: #f9fbff; border-left: 4px solid #007BFF; padding: 22px 25px; margin: 30px 0; border-radius: 8px; font-family: Arial, sans-serif; color: #333; line-height: 1.6;\">\n<h3 style=\"margin: 0 0 12px 0; color: #007bff; font-size: 20px; display: flex; align-items: center;\">Did You Know?<\/h3>\n<p style=\"margin: 0; font-size: 16px;\">Industry estimates place Japanese GCCs in India at roughly 60 by the end of 2025, more than double the around 30 operating in 2020, a surge tied to Japan&#8217;s projected shortfall of 790,000 advanced technology workers.<\/p>\n<\/div>\n<h2>How a JPY payment from a Japanese client actually reaches an Indian IT firm<\/h2>\n<p>The document is only half the story. The other half is the money movement itself. There are three dominant routes.<\/p>\n<h3>Flow 1 &#8211; Traditional SWIFT bank wire into an Indian AD bank<\/h3>\n<p>Your Japanese client instructs their bank to send yen via SWIFT. The payment usually passes through one or more correspondent (intermediary) banks before reaching your AD Category I bank in India, which converts the yen to INR and credits your account. Only AD Category I banks can issue the inward remittance documentation, and that certificate always comes from your Indian bank, not the Japanese sender.<\/p>\n<p>The trade-offs: SWIFT is universally accepted and reliable, but intermediary banks often deduct &#8220;lifting&#8221; fees mid-route, and the conversion happens at your bank&#8217;s spread, which is rarely the interbank rate.<\/p>\n<h3>Flow 2 &#8211; Fintech collection platform with local or pooled collection<\/h3>\n<p>Collection platforms give you virtual receiving details so your client pays as if making a domestic or simpler cross-border transfer. The platform pools the currency, converts it, and settles INR to your account, generating a digital FIRA. These rails are often cheaper and faster for documentation than a bank wire, though pricing models vary between flat fees and percentage-based charges. Treat any vendor-published fee comparison as illustrative rather than a neutral benchmark.<\/p>\n<h3>Flow 3 &#8211; Marketplace or gateway flow like Razorpay International Payment Gateway<\/h3>\n<p>If your revenue comes through cards or wallets rather than direct bank transfers &#8211; for example a SaaS product with self-serve checkout used by Japanese customers &#8211; a payment gateway becomes the rail. Razorpay&#8217;s <a href=\"https:\/\/razorpay.com\/international-payment-gateway-india\/\">International Payment Gateway<\/a> lets Indian businesses accept Visa, Mastercard, and Amex in 100+ currencies, plus Apple Pay and Google Pay, with multi-currency checkout and smart routing to improve success rates. It is RBI PA-CB licensed and integrates with Shopify, WooCommerce, Webflow, and custom APIs, which suits product-led firms serving Japanese end users directly.<\/p>\n<div class=\"cta-block\">\n<h4>Take card and wallet payments from Japanese customers<\/h4>\n<p>Accept Visa, Mastercard, Amex, Apple Pay, and Google Pay in 100+ currencies with smart routing built for higher success rates.<\/p>\n<\/div>\n<h3>Which rail is best for agencies, SaaS firms, consulting companies, and freelancers<\/h3>\n<ul>\n<li><strong>Services agencies and consultancies<\/strong> invoicing fixed amounts: a fintech collection rail or a multi-currency virtual account usually wins on cost and FIRA speed.<\/li>\n<li><strong>SaaS and product firms<\/strong> with many small transactions: a card-and-wallet gateway is the natural fit.<\/li>\n<li><strong>Freelancers<\/strong> with occasional invoices: low-friction collection platforms tend to beat full bank wires on fees.<\/li>\n<li><strong>High-value enterprise contracts<\/strong>: a bank wire may still be required by the client, so plan for spreads and lifting fees.<\/li>\n<\/ul>\n<h2>Should you invoice in JPY, USD, or INR?<\/h2>\n<p>The invoicing currency is a decision, not a default, and it directly shapes your FX exposure and compliance clock.<\/p>\n<h3>Pros and cons of JPY invoicing<\/h3>\n<p>Invoicing in JPY makes life easy for the Japanese client and can win goodwill. The downside is that you carry the yen risk between invoice and settlement. Given that JPY\/INR moved between roughly 0.5636 and 0.6077 over the prior 12 months, a multi-week payment cycle can change your INR realisation.<\/p>\n<h3>When USD may be operationally simpler<\/h3>\n<p>Some Indian firms prefer USD because their banking, accounting, and FX hedging workflows are USD-tuned, and many rails price USD conversions competitively. If your client is comfortable paying in USD, it can simplify reconciliation, though you still carry FX risk between invoice and conversion.<\/p>\n<h3>When INR invoicing changes the realisation timeline<\/h3>\n<p>You can invoice in INR, but note that under the incoming framework, INR-denominated exports carry an 18-month realisation window versus 15 months for foreign-currency exports. That longer clock can be an advantage for slow-paying relationships.<\/p>\n<div style=\"background: #f9fbff; border-left: 4px solid #007BFF; padding: 22px 25px; margin: 30px 0; border-radius: 8px; font-family: Arial, sans-serif; color: #333; line-height: 1.6;\">\n<h3 style=\"margin: 0 0 12px 0; color: #007bff; font-size: 20px; display: flex; align-items: center;\">Did You Know?<\/h3>\n<p style=\"margin: 0; font-size: 16px;\">As of June 28, 2026, 1 Japanese Yen was worth about 0.5849 Indian Rupees per <a href=\"https:\/\/www.bookmyforex.com\/currency-converter\/jpy-to-inr\/\" rel=\"nofollow noopener\" target=\"_blank\">live interbank pricing<\/a> &#8211; and that figure shifts every few seconds during market hours.<\/p>\n<\/div>\n<h2>What document will you actually get &#8211; FIRC, FIRA, FIRS, e-FIRC, or eBRC?<\/h2>\n<p>This is where most guidance gets muddy. Here is the practical stack.<\/p>\n<h3>Traditional FIRC vs modern FIRA or FIRS<\/h3>\n<p>Physical FIRC certificates have largely been phased out for regular export receipts. Today, banks issue a Foreign Inward Remittance Advice (FIRA) or statement (FIRS) for service and software export payments. Traditional FIRCs are now mostly reserved for special cases such as foreign direct investment. If you are exporting IT services to Japan, expect a FIRA or FIRS.<\/p>\n<h3>What IRM or e-FIRC means in practice<\/h3>\n<p>In bank reporting workflows, your inward remittance is recorded electronically (IRM \/ e-FIRC) and reported to the RBI with a purpose code. This is the backend record that proves you received convertible foreign exchange.<\/p>\n<h3>When eBRC enters the picture<\/h3>\n<p>The eBRC (Electronic Bank Realisation Certificate) is the downstream certificate generated on the DGFT portal, used for export documentation and benefits. Note that from May 1, 2025, the DGFT made the &#8220;Mode of Export of Services&#8221; field mandatory in the eBRC format, requiring you to select one of four GATS-defined categories.<\/p>\n<h3>Do you need these for GST, audits, or export benefits?<\/h3>\n<p>Yes. Export of services is zero-rated under GST, and proof of receipt in convertible foreign exchange is a mandatory condition for claiming Input Tax Credit refunds. The FIRA, and the eBRC built on it, are what substantiate that claim during audits.<\/p>\n<div class=\"cta-block\">\n<h4>Keep your FIRA and eBRC chain clean<\/h4>\n<p>The MoneySaver Export Account gives you multi-currency virtual accounts, lets you hold balances before converting, and auto-generates eFIRC under a FEMA-compliant setup.<\/p>\n<\/div>\n<h2>The 2026 compliance shift &#8211; SOFTEX is gone, unified EDF is coming<\/h2>\n<p>This is the freshest and most important change for software exporters in a generation.<\/p>\n<h3>What changed on January 13, 2026<\/h3>\n<p>SOFTEX filing was scrapped. The RBI overhauled the trade framework so the SOFTEX requirement was removed and a unified EDF approach was introduced under FEMA 2026. Software is now treated as a form of &#8220;service,&#8221; and a single Export Declaration Form replaces the old split between EDF for goods and SOFTEX for software.<\/p>\n<h3>What changes from October 1, 2026<\/h3>\n<p>The FEMA (Export and Import of Goods and Services) Regulations, 2026, notified on January 13, 2026, take effect October 1, 2026. Crucially, AD banks are recognised as a &#8220;Specified Authority&#8221; alongside STPI, so as outlined in the SOFTEX-to-unified-EDF transition analysis, software exporters in the Domestic Tariff Area can get their EDF certified by their bank alone.<\/p>\n<h3>What Indian software and IT exporters should do differently now<\/h3>\n<p>Stop relying on SOFTEX-only guidance. Confirm with your AD bank how it will handle EDF certification, update your internal export-declaration process before October 1, 2026, and ensure invoice, bank narration, and declaration data line up cleanly.<\/p>\n<div style=\"background: #f9fbff; border-left: 4px solid #007BFF; padding: 22px 25px; margin: 30px 0; border-radius: 8px; font-family: Arial, sans-serif; color: #333; line-height: 1.6;\">\n<h3 style=\"margin: 0 0 12px 0; color: #007bff; font-size: 20px; display: flex; align-items: center;\">Did You Know?<\/h3>\n<p style=\"margin: 0; font-size: 16px;\">The new FEMA 2026 framework consolidates the declaration requirements for goods, services, and software into a single Export Declaration Form, and software is now formally treated as a service.<\/p>\n<\/div>\n<h2>Realisation and repatriation deadlines &#8211; the dated timeline you should actually follow<\/h2>\n<p>The realisation window has flip-flopped, which has confused exporters. Here is the clean, dated version.<\/p>\n<h3>What applies until September 30, 2026<\/h3>\n<p>An amendment temporarily restored the 9-month realisation window. Per the First Amendment 2026 analysis, the 15-month relaxation from late 2025 was reversed, and a 9-month export-proceeds realisation period applies until FEMA 2026 takes over.<\/p>\n<h3>What applies from October 1, 2026<\/h3>\n<p>From October 1, 2026, the new regulations prescribe a 15-month realisation period, with 18 months for INR-denominated exports.<\/p>\n<h3>What happens if payment is delayed<\/h3>\n<p>If proceeds are not realised within the applicable window, you can face FEMA compliance issues. Track every Japanese invoice against the correct clock, especially around the October 1 transition.<\/p>\n<h2>RBI purpose codes for IT and software exports from Japan<\/h2>\n<p>A purpose code is a standardised alphanumeric label that classifies why a foreign inward remittance arrived. Your AD bank must capture and report it to the RBI for every incoming transfer, drawn from the official RBI purpose code annexure.<\/p>\n<h3>P0802<\/h3>\n<p>Historically used for software consulting that did not require SOFTEX filing &#8211; advisory, implementation, or consulting work.<\/p>\n<h3>P0807<\/h3>\n<p>Historically covered software exports from India that required SOFTEX filing.<\/p>\n<h3>P0803<\/h3>\n<p>Covers database services or data processing charges.<\/p>\n<h3>What may change after the SOFTEX to EDF transition<\/h3>\n<p>The old P0802 versus P0807 distinction hinged on whether a payment was &#8220;SOFTEX-reportable.&#8221; With SOFTEX abolished, that line is uncertain under the unified EDF regime. Until practice settles, confirm the correct code with your AD bank for each contract type.<\/p>\n<h2>Taxes to watch &#8211; GST, treaty withholding, and contract wording<\/h2>\n<p>Tax treatment depends on what you are actually selling, not just how you are paid.<\/p>\n<h3>Export of services and GST zero-rating<\/h3>\n<p>Export of services is zero-rated under GST, meaning no GST on the output and you can claim refunds on Input Tax Credit, subject to conditions including proof of receipt in convertible foreign exchange. The FIRA is your primary supporting document.<\/p>\n<h3>When a Japanese client may withhold tax<\/h3>\n<p>Some payments, particularly those involving licensing or technical services, can attract source taxation. Under the India-Japan tax treaty, where the recipient is the beneficial owner, tax on royalties and fees for technical services is capped at 10% of the gross amount in qualifying cases.<\/p>\n<h3>Royalty vs fees for technical services vs pure software services<\/h3>\n<p>This is fact-specific. Pure software development usually sits differently from licence fees or embedded-IP arrangements. Review your contract wording carefully, because how the engagement is characterised can change whether withholding applies. When in doubt, take professional tax advice tied to the specific contract.<\/p>\n<h2>JPY-specific FX risks and how to reduce leakage<\/h2>\n<p>Yen volatility plus hidden costs can quietly shrink your realisation.<\/p>\n<h3>JPY\/INR volatility<\/h3>\n<p>The 12-month band of roughly 0.5636 to 0.6077 shows how much a yen receipt can swing. A Bank of Japan board member said in June 2026 that the policy rate should gradually move toward a neutral level of around 2%, which keeps the yen&#8217;s direction a live forward-looking factor.<\/p>\n<h3>FX markup and hidden conversion spreads<\/h3>\n<p>The headline transfer fee is rarely the real cost. Conversion spreads embedded in the rate can exceed the visible fee. Always compare the rate you are offered against the interbank reference rate for the day.<\/p>\n<h3>Correspondent bank and lifting fees<\/h3>\n<p>On SWIFT wires, intermediary banks may deduct lifting fees in transit, so the INR you receive can be less than expected even before your bank&#8217;s conversion.<\/p>\n<h3>Whether to use a virtual multi-currency account for part of the proceeds<\/h3>\n<p>Rather than auto-converting every yen receipt on arrival, you can hold foreign currency and convert when timing suits your cash flow and risk policy. The Razorpay MoneySaver Export Account supports this: multi-currency virtual accounts (USD, GBP, EUR, AED, and more), the ability to hold balances before converting, auto-generated eFIRC, and FEMA-compliant operation &#8211; which together reduce forced conversion at poor rates.<\/p>\n<h2>Worked example &#8211; a JPY invoice compared across payment rails<\/h2>\n<p>A simplified illustration, not a quote.<\/p>\n<h3>Example assumptions<\/h3>\n<p>Say you invoice a Japanese client for an amount equivalent to roughly USD 10,000 in yen. The variables that decide your net INR are: the conversion spread, any fixed fee, and intermediary lifting fees.<\/p>\n<h3>Net INR received through SWIFT<\/h3>\n<p>A bank wire applies your bank&#8217;s conversion spread and may incur correspondent lifting fees. The spread is usually the larger silent cost on a sum this size.<\/p>\n<h3>Net INR received through a fintech rail<\/h3>\n<p>Fintech rails vary. Some use flat fees with no FX markup; others charge a percentage that scales with the amount. On larger receivables, a percentage-based withdrawal cost can be substantial, while a flat-fee model keeps the cost predictable. Treat all vendor-published comparisons as illustrative.<\/p>\n<h3>Documentation output in each case<\/h3>\n<p>A bank wire produces a bank-issued FIRA. A fintech rail typically produces a digital FIRA, often faster. A virtual multi-currency account such as MoneySaver auto-generates eFIRC, which streamlines the eBRC and GST-refund chain.<\/p>\n<h2>What to watch out for &#8211; a practical checklist for Indian IT firms<\/h2>\n<ul>\n<li><strong>Wrong purpose code.<\/strong> Confirm P0802, P0807, or P0803 with your bank, especially post-SOFTEX.<\/li>\n<li><strong>Mismatch between invoice, bank narration, and export declaration.<\/strong> Keep all three aligned to avoid audit friction.<\/li>\n<li><strong>Missing FIRA.<\/strong> Without it, GST refunds and eBRC generation stall.<\/li>\n<li><strong>Intermediary lifting fees.<\/strong> Budget for them on SWIFT wires.<\/li>\n<li><strong>Auto-conversion at poor rates.<\/strong> Compare against the interbank reference rate; consider holding currency.<\/li>\n<li><strong>Partial receipts.<\/strong> Reconcile carefully so split payments do not break your records.<\/li>\n<li><strong>Realisation delays.<\/strong> Track every invoice against the 9-month or 15-month clock.<\/li>\n<li><strong>Japanese withholding surprises.<\/strong> Check whether the contract triggers royalty or FTS treatment.<\/li>\n<li><strong>Outdated SOFTEX habits.<\/strong> Update your declaration process for the unified EDF regime.<\/li>\n<\/ul>\n<h2>Accept and receive international payments with Razorpay<\/h2>\n<p>Indian IT firms serving Japanese clients usually need to both accept payments and receive foreign currency cleanly. Here is how the two relevant products map to that need.<\/p>\n<table>\n<thead>\n<tr>\n<th>Product<\/th>\n<th>What it does<\/th>\n<th>Best for<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>International Payment Gateway<\/td>\n<td>Accepts Visa, Mastercard, Amex and Apple Pay \/ Google Pay in 100+ currencies, multi-currency checkout and settlement, smart routing for higher success rates, RBI PA-CB licensed, integrates with Shopify, WooCommerce, Webflow, and custom APIs<\/td>\n<td>SaaS and product firms with Japanese customers paying by card or wallet<\/td>\n<\/tr>\n<tr>\n<td>MoneySaver Export Account<\/td>\n<td>Multi-currency virtual accounts (USD, GBP, EUR, AED, and more), hold balances before converting, auto-generated eFIRC, FEMA-compliant, reduces forex conversion losses<\/td>\n<td>Agencies, consultancies, and freelancers invoicing Japanese clients and managing FIRA and FX<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div class=\"cta-block\">\n<h4>Start collecting from your Japanese customers<\/h4>\n<p>Accept international cards and wallets in 100+ currencies with multi-currency checkout and smart routing.<\/p>\n<\/div>\n<div style=\"background: #f5faff; border-radius: 14px; padding: 30px; text-align: center; margin: 42px 0; box-shadow: 0 8px 20px rgba(26,115,232,0.08);\">\n<h4>Start collecting from your Japanese customers<\/h4>\n<p style=\"color: #444; font-size: 16px; max-width: 720px; margin: 0 auto 18px; line-height: 1.6;\"><em><strong>Accept international cards and wallets in 100+ currencies with multi-currency checkout and smart routing.<\/strong><\/em><\/p>\n<p><a style=\"display: inline-block; background: #1a73e8; color: #ffffff; padding: 14px 26px; font-size: 16px; font-weight: bold; border-radius: 10px; text-decoration: none;\" href=\"https:\/\/razorpay.com\/accept-international-payments\/\">Explore Razorpay\u2019s International Payment Stack<\/a><\/p>\n<\/div>\n<h2>FAQ<\/h2>\n<h3>Do I get FIRC or FIRA when a Japanese client pays me?<\/h3>\n<p>Most IT service exporters now receive a FIRA or FIRS from their AD bank, not a traditional physical FIRC. The old FIRC is largely reserved for special cases such as foreign direct investment.<\/p>\n<h3>Do I still need to file SOFTEX in 2026?<\/h3>\n<p>No. SOFTEX filing was scrapped on January 13, 2026. A unified Export Declaration Form framework takes effect October 1, 2026, and software is now treated as a service.<\/p>\n<h3>What is the right RBI purpose code for software exports?<\/h3>\n<p>Historically, P0807 covered software exports requiring SOFTEX, P0802 covered software consulting without it, and P0803 covers data processing. With SOFTEX abolished, confirm the correct code with your AD bank.<\/p>\n<h3>Can I receive JPY and hold it in foreign currency?<\/h3>\n<p>Yes. Rather than auto-converting on arrival, you can hold foreign currency in a multi-currency virtual account and convert when timing suits your cash flow and risk policy, which helps reduce conversion losses.<\/p>\n<h3>Can a Japanese client withhold tax before sending payment?<\/h3>\n<p>Possibly, depending on how the work is characterised. Under the India-Japan treaty, tax on royalties and fees for technical services is capped at 10% of the gross amount in qualifying cases. Pure software services are often treated differently.<\/p>\n<h3>Is a bank wire cheaper than a fintech rail for JPY receipts?<\/h3>\n<p>It depends on the spread and fees. Bank wires can carry correspondent lifting fees and a conversion spread; fintech rails range from flat fees to percentage charges. Compare the offered rate against the interbank reference rate.<\/p>\n<h3>Do I need an eBRC for export of services?<\/h3>\n<p>Yes, for export documentation and benefits. Since May 1, 2025, the eBRC also requires you to select a mandatory &#8220;Mode of Export of Services&#8221; category from the four GATS-defined options.<\/p>\n<h3>How long do I have to bring export proceeds into India?<\/h3>\n<p>The realisation window is effectively 9 months until September 30, 2026, then 15 months from October 1, 2026 under the new regime, with 18 months for INR-denominated exports.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>When a Japanese client pays an Indian IT firm in yen, the money typically moves through one of three rails &#8211; a traditional SWIFT bank wire into an Authorised Dealer (AD) bank, a fintech collection platform, or a virtual multi-currency account &#8211; and lands as INR in your account. Along the way, your bank issues<\/p>\n","protected":false},"author":149,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1067],"tags":[],"class_list":{"0":"post-27260","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-cross-border"},"_links":{"self":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/27260","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/users\/149"}],"replies":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/comments?post=27260"}],"version-history":[{"count":3,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/27260\/revisions"}],"predecessor-version":[{"id":27266,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/27260\/revisions\/27266"}],"wp:attachment":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/media?parent=27260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/categories?post=27260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/tags?post=27260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}