A key change relates to the Export Declaration Form (EDF) requirements for exporters of services. (File photo)

The Reserve Bank of India (RBI) has amended its Foreign Exchange Management regulations governing the export and import of goods and services, introducing simplified reporting requirements for resident individuals and setting a Rs 10 lakh threshold for certain service-related transactions.

The changes were notified through the Foreign Exchange Management (Export and Import of Goods and Services) (Second Amendment) Regulations, 2026, dated November 2. The amendments modify the principal regulations issued on January 13, 2026, and will come into force retrospectively from October 1, 2026.

A key change relates to the Export Declaration Form (EDF) requirements for exporters of services.…