{"id":28044,"date":"2026-10-08T11:06:51","date_gmt":"2026-10-08T05:36:51","guid":{"rendered":"https:\/\/blog.razorpay.in\/blog\/?p=28044"},"modified":"2026-10-12T11:22:59","modified_gmt":"2026-10-12T05:52:59","slug":"export-declaration-form-update","status":"publish","type":"post","link":"https:\/\/razorpay.com\/blog\/export-declaration-form-update\/","title":{"rendered":"New RBI Update: Export Declaration Form Mandatory for all Service Exports"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Starting October 1, 2026, the RBI has made it mandatory for every Indian service and software exporter to submit an Export Declaration Form (EDF) for cross-border income.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This was previously enforced primarily for physical goods. With the new rollout, however, the regulation now applies to all digital services, SaaS providers, software exporters, and freelancers who receive international remittances.<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_80 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6ae2356359f08\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6ae2356359f08\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/razorpay.com\/blog\/export-declaration-form-update\/#What_Has_Changed\" >What Has Changed?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/razorpay.com\/blog\/export-declaration-form-update\/#Who_Needs_to_Comply\" >Who Needs to Comply?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/razorpay.com\/blog\/export-declaration-form-update\/#Steps_Exporters_Need_to_Take\" >Steps Exporters Need to Take<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/razorpay.com\/blog\/export-declaration-form-update\/#Clarification_on_AD_Bank_Identification_and_EDF_Filing_for_INR_Settlements\" >Clarification on AD Bank Identification and EDF Filing for INR Settlements<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/razorpay.com\/blog\/export-declaration-form-update\/#Suggested_Next_Steps\" >Suggested Next Steps\u00a0<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Has_Changed\"><\/span><span style=\"font-weight: 400;\">What Has Changed?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Under updated FEMA guidelines, AD Category-I banks are required to log all international service export transactions on the RBI&#8217;s Export Data Processing and Monitoring System (EDPMS) portal.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To initiate this process, exporters must submit an Export Declaration Form for every invoice raised on or after October 1, 2026. Without this submission, banks cannot map incoming funds against your export invoices, which may cause delays in payment reconciliation or eBRC issuance.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Who_Needs_to_Comply\"><\/span><span style=\"font-weight: 400;\">Who Needs to Comply?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">This rule applies to all Indian entities and individuals exporting services or software outside India, including:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">IT services firms, agencies, and consultancies<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Software exporters and SaaS businesses<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Independent freelancers receiving international client payments<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Steps_Exporters_Need_to_Take\"><\/span><span style=\"font-weight: 400;\">Steps Exporters Need to Take<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span style=\"font-weight: 400;\">Step 1: File the Export Declaration Form<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Submit the <\/span><b>export declaration form<\/b><span style=\"font-weight: 400;\"> to the Authorised Dealer (AD) bank where your foreign export proceeds are received. You can file an individual form per invoice or submit a single consolidated EDF covering all service invoices raised during a calendar month.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Filing Deadline:<\/b><span style=\"font-weight: 400;\"> Within <\/span><b>30 days<\/b><span style=\"font-weight: 400;\"> from the end of the month in which the invoice was issued, or on\/before the date the foreign remittance is received.<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400;\">Step 2: Provide Proof of Remittance<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Once the bank logs your EDF entry into the EDPMS portal, the payment received must be matched against the declared invoice value using your Foreign Inward Remittance Advice (FIRA\/FIRC).<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>For invoices up to \u20b910 Lakh (or equivalent):<\/b><span style=\"font-weight: 400;\"> Banks typically require a simple self-declaration confirming receipt of payment against the specific invoice(s).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>For invoices above \u20b910 Lakh:<\/b><span style=\"font-weight: 400;\"> You must submit the underlying invoice, proof of payment (FIRA), and matching instructions to your bank.<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400;\">Step 3: Complete EDPMS Reconciliation &amp; Obtain eBRC<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Once your AD bank successfully pairs the EDF entry with your inward remittance, they will close the EDPMS record. The Director General of Foreign Trade (DGFT) system then generates an electronic Bank Realisation Certificate (<\/span><b>eBRC<\/b><span style=\"font-weight: 400;\">), bringing your export transaction into full regulatory compliance.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Clarification_on_AD_Bank_Identification_and_EDF_Filing_for_INR_Settlements\"><\/span><span style=\"font-weight: 400;\">Clarification on AD Bank Identification and EDF Filing for INR Settlements<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>1. Who acts as the AD Bank?<\/strong><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">MX&#8217;s AD Bank is its own corporate banking partner. This is the Authorised Dealer (AD Category-I) Bank where MX holds its primary business account and has registered its Import Export Code (IEC) \/ AD Code.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">International card payments are processed and routed through Razorpay&#8217;s cross-border bank partners. Even so, MX must file its master EDF declaration with its own current account bank, which receives the final settlements.<\/span><\/li>\n<\/ul>\n<p><strong>2. How will MX file the EDF when settlement is received in INR?<\/strong><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Invoice-based reporting:<\/b><span style=\"font-weight: 400;\"> The EDF is filed based on the underlying export invoices issued to foreign customers during the month. This applies whether the invoice is billed in FCY or INR.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Monthly consolidated filing:<\/b><span style=\"font-weight: 400;\"> MX will include all international card sales in its monthly consolidated EDF submission to its AD Bank, within 30 days of the month-end.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Reconciliation via FIRS:<\/b><span style=\"font-weight: 400;\"> Funds are settled in INR via Razorpay. MX will therefore share the Foreign Inward Remittance Statement (FIRS) \/ NOC provided by Razorpay, or available on its Razorpay Dashboard, with its AD Bank. The AD Bank will map these INR credits against the EDF invoices to update EDPMS and issue the eBRC.<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Suggested_Next_Steps\"><\/span><span style=\"font-weight: 400;\">Suggested Next Steps\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-path-to-node=\"1\">To stay ahead of these regulatory updates and ensure your international payouts remain seamless, we suggest taking the following steps:<\/p>\n<ol start=\"1\" data-path-to-node=\"2\">\n<li>\n<p data-path-to-node=\"2,0,0\"><b data-path-to-node=\"2,0,0\" data-index-in-node=\"0\">Reach Out to Your AD Bank:<\/b> Contact your primary corporate banking partner as soon as possible to confirm their specific submission process, required documentation, and month-end filing workflow for service exports.<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"2,1,0\"><b data-path-to-node=\"2,1,0\" data-index-in-node=\"0\">Review Detailed Guidelines:<\/b> For full regulatory context, procedural rules, and official references, please review the complete <a class=\"ng-star-inserted\" style=\"font-size: 19px;\" href=\"https:\/\/www.rbi.org.in\/scripts\/NotificationUser.aspx?Id=13277&amp;Mode=0\" target=\"_blank\" rel=\"noopener nofollow\">RBI Guidelines on EDF Compliance<\/a><span style=\"font-size: 19px;\">.<\/span><\/p>\n<\/li>\n<\/ol>\n<p data-path-to-node=\"4\">If you need further guidance, please contact us.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>RBI now mandates an Export Declaration Form (EDF) for Indian service and software exporters starting Oct 1, 2026. Learn what changed &#038; how to comply.<\/p>\n","protected":false},"author":87,"featured_media":28046,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1067],"tags":[213],"class_list":{"0":"post-28044","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-cross-border","8":"tag-cross-border-payments"},"_links":{"self":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/28044","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\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/comments?post=28044"}],"version-history":[{"count":4,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/28044\/revisions"}],"predecessor-version":[{"id":28094,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/28044\/revisions\/28094"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/media\/28046"}],"wp:attachment":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/media?parent=28044"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/categories?post=28044"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/tags?post=28044"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}