{"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":"2026-10-08T11:06:51","modified_gmt":"2026-10-08T05:36:51","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<h2><span style=\"font-weight: 400;\">What Has Changed?<\/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 style=\"font-weight: 400;\">Who Needs to Comply?<\/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 style=\"font-weight: 400;\">Steps Exporters Need to Take<\/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<p><b>Got questions?<\/b><span style=\"font-weight: 400;\"> Reach out to our cross-border support team, and we\u2019ll help you ensure your next international payout arrives without a hitch.<\/span><\/p>\n<p><b>Official Reference:<\/b><span style=\"font-weight: 400;\"> For the complete legal text and official regulatory framework, refer to the <\/span><a href=\"https:\/\/www.rbi.org.in\/scripts\/NotificationUser.aspx?Id=13277&amp;Mode=0\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400;\">RBI Notification on FEMA EXIM Regulations 2026<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/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":1,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/28044\/revisions"}],"predecessor-version":[{"id":28047,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/28044\/revisions\/28047"}],"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}]}}