{"id":544,"date":"2025-04-05T13:20:34","date_gmt":"2025-04-05T07:50:34","guid":{"rendered":"https:\/\/mediumturquoise-hedgehog-745891.hostingersite.com\/blogs\/?p=544"},"modified":"2026-03-12T10:13:42","modified_gmt":"2026-03-12T04:43:42","slug":"understanding-the-new-export-and-import-trade-policy-under-fema","status":"publish","type":"post","link":"https:\/\/www.entrepreneurindia.co\/blogs\/understanding-the-new-export-and-import-trade-policy-under-fema\/","title":{"rendered":"Understanding the New Export and Import Trade Policy under FEMA"},"content":{"rendered":"\r\n<figure class=\"wp-block-image size-full is-resized\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1610\" height=\"823\" class=\"wp-image-546\" style=\"aspect-ratio: 2.0250973604500215; width: 1136px; height: auto;\" src=\"https:\/\/mediumturquoise-hedgehog-745891.hostingersite.com\/blogs\/wp-content\/uploads\/2025\/04\/trade-pic-1.jpg\" alt=\"\" \/><\/figure>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">&nbsp;<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">Under the Foreign Exchange Management Act (FEMA), the Reserve Bank of India (RBI) released an alarming draft plan to revamp the country&#8217;s export-import regulatory system. A change in India&#8217;s cross-border trade policy is already visible in the new FEMA regulations, which place a stronger focus on digital compliance, flexibility of doing business, and increased independence of operations for banks.<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">These adjustments are intended to update the system, harmonize trade regulations that apply to goods and services, and improve the efficiency of India&#8217;s international trade. The RBI released the revisions in July 2024, which are available for public comment until September 1, 2024.<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">Explore detailed industrial start-up guides here: <a href=\"https:\/\/www.niir.org\/\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/www.niir.org\/<\/a><\/p>\r\n\r\n\r\n\r\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><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><\/span><\/a><\/span><\/div>\n<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:\/\/www.entrepreneurindia.co\/blogs\/understanding-the-new-export-and-import-trade-policy-under-fema\/#_Major_Highlights_of_the_New_FEMA_Proposals\" >\u00a0Major Highlights of the New FEMA Proposals<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.entrepreneurindia.co\/blogs\/understanding-the-new-export-and-import-trade-policy-under-fema\/#_Key_Changes_for_Exporters_Importers\" >\u00a0Key Changes for Exporters &amp; Importers:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.entrepreneurindia.co\/blogs\/understanding-the-new-export-and-import-trade-policy-under-fema\/#Simplification_of_Compliance_One_Form_for_All_Exports\" >Simplification of Compliance: One Form for All Exports<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.entrepreneurindia.co\/blogs\/understanding-the-new-export-and-import-trade-policy-under-fema\/#Banks_in_Focus_From_Compliance_Watchdogs_to_Trade_Facilitators\" >Banks in Focus: From Compliance Watchdogs to Trade Facilitators<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.entrepreneurindia.co\/blogs\/understanding-the-new-export-and-import-trade-policy-under-fema\/#Importers_Contractual_Flexibility_Gains_Ground\" >Importers: Contractual Flexibility Gains Ground<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.entrepreneurindia.co\/blogs\/understanding-the-new-export-and-import-trade-policy-under-fema\/#Exporters_Lose_Self_Write-Off_Privileges\" >Exporters Lose Self Write-Off Privileges<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.entrepreneurindia.co\/blogs\/understanding-the-new-export-and-import-trade-policy-under-fema\/#Key_Impact_for_Software_Services_Exporters\" >Key Impact for Software &amp; Services Exporters<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.entrepreneurindia.co\/blogs\/understanding-the-new-export-and-import-trade-policy-under-fema\/#For_MSMEs_and_Startups_Opportunities_and_Cautions\" >For MSMEs and Startups: Opportunities and Cautions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.entrepreneurindia.co\/blogs\/understanding-the-new-export-and-import-trade-policy-under-fema\/#_NPCS_Guiding_Startups_through_Trade_Compliance_Reforms\" >\u00a0NPCS: Guiding Startups through Trade &amp; Compliance Reforms<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.entrepreneurindia.co\/blogs\/understanding-the-new-export-and-import-trade-policy-under-fema\/#Way_Forward_What_Stakeholders_Should_Do\" >Way Forward: What Stakeholders Should Do<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.entrepreneurindia.co\/blogs\/understanding-the-new-export-and-import-trade-policy-under-fema\/#Utilizing_Opportunities_in_a_Changing_Trade_Environment\" >Utilizing Opportunities in a Changing Trade Environment<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"_Major_Highlights_of_the_New_FEMA_Proposals\"><\/span><strong>\u00a0Major Highlights of the New FEMA Proposals<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">The new framework proposes several bold moves:<\/p>\r\n\r\n\r\n\r\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"_Key_Changes_for_Exporters_Importers\"><\/span><strong>\u00a0Key Changes for Exporters &amp; Importers:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\r\n\r\n\r\n\r\n<figure class=\"wp-block-table\">\r\n<table class=\"has-fixed-layout\">\r\n<tbody>\r\n<tr>\r\n<td><strong>Area<\/strong><\/td>\r\n<td><strong>Existing Process<\/strong><\/td>\r\n<td><strong>New Draft Proposal<\/strong><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><strong>Export Declaration<\/strong><\/td>\r\n<td>Multiple forms<\/td>\r\n<td>Unified export declaration for goods, services, software<\/td>\r\n<\/tr>\r\n<tr>\r\n<td><strong>Import Settlement Time<\/strong><\/td>\r\n<td>Capped at 6 months<\/td>\r\n<td>To be governed by contractual terms<\/td>\r\n<\/tr>\r\n<tr>\r\n<td><strong>Export Realisation<\/strong><\/td>\r\n<td>9\u201315 months<\/td>\r\n<td>Uniform 9 months for all shipments<\/td>\r\n<\/tr>\r\n<tr>\r\n<td><strong>Self-Write-off<\/strong><\/td>\r\n<td>Allowed for status holders<\/td>\r\n<td>Discontinued entirely<\/td>\r\n<\/tr>\r\n<tr>\r\n<td><strong>Sample Export Exemptions<\/strong><\/td>\r\n<td>Permitted<\/td>\r\n<td>Revoked<\/td>\r\n<\/tr>\r\n<tr>\r\n<td><strong>SOFTEX Form<\/strong><\/td>\r\n<td>Mandatory for software<\/td>\r\n<td>Merged with export declaration<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/figure>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">RBI now empowers banks as the primary compliance agents and facilitators for international trade transactions, with less central interference.<\/p>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Simplification_of_Compliance_One_Form_for_All_Exports\"><\/span><strong>Simplification of Compliance: One Form for All Exports<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">One of the major proposals is the introduction of a unified export declaration form (EDF), covering:<\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li>Goods exports<\/li>\r\n\r\n\r\n\r\n<li>Services exports<\/li>\r\n\r\n\r\n\r\n<li>Software exports<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">This is a massive simplification that aligns India with international best practices. Exporters no longer need to fill out different forms or navigate various portals.<\/p>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Banks_in_Focus_From_Compliance_Watchdogs_to_Trade_Facilitators\"><\/span><strong>Banks in Focus: From Compliance Watchdogs to Trade Facilitators<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">Authorized Dealer (AD) banks are now central to FEMA execution. They will be expected to<\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li>Develop internal board-approved trade policies<\/li>\r\n\r\n\r\n\r\n<li>Certify export value declarations<\/li>\r\n\r\n\r\n\r\n<li>Decide on time extensions for late payments or document delays<\/li>\r\n\r\n\r\n\r\n<li>Allow up to 100% write-offs of export proceeds with justification<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">However, the responsibility now falls on the bank to frame clear internal protocols, potentially causing some differences in trade processing across banks.<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">Learn how to plan your startup compliance needs here: h<a href=\"https:\/\/www.entrepreneurindia.co\/\">ttps:\/\/www.entrepreneurindia.co\/<\/a><\/p>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Importers_Contractual_Flexibility_Gains_Ground\"><\/span><strong>Importers: Contractual Flexibility Gains Ground<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">Increased Contractual Flexibility Importers now have more flexibility. The new draft states:<\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li>Import settlement has no time limit unless contracts specify otherwise.<\/li>\r\n\r\n\r\n\r\n<li>Sectoral quantitative ceilings on advance payments are removed; unpaid advance payments will be regarded as foreign borrowing.<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Exporters_Lose_Self_Write-Off_Privileges\"><\/span><strong>Exporters Lose Self Write-Off Privileges<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">Previously, exporters\u2014especially status holders\u2014could independently write off export receivables.<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">Now:<\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li>Banks must approve every write-off, regardless of amount<\/li>\r\n\r\n\r\n\r\n<li>Any write-off over 25% must be placed before the bank\u2019s board for ratification<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">This shift indicates the RBI\u2019s growing confidence in banks but a cautious stance toward exporters.<\/p>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Impact_for_Software_Services_Exporters\"><\/span><strong>Key Impact for Software &amp; Services Exporters<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">Previously, services exporters followed SOFTEX form procedures. Now:<\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li>SOFTEX form has been discontinued<\/li>\r\n\r\n\r\n\r\n<li>Date of invoice will substitute shipment date for such exports<\/li>\r\n\r\n\r\n\r\n<li>Banks must now report service export documents via EDPMS<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">Banks will also decide on extensions for service export realization delays without RBI involvement.<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">\u00a0Stay updated with our industry insights: <a href=\"https:\/\/npcsblog.com\/\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/npcsblog.com\/<\/a><\/p>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"For_MSMEs_and_Startups_Opportunities_and_Cautions\"><\/span><strong>For MSMEs and Startups: Opportunities and Cautions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">While the regulatory framework becomes more bank-centric, it could be challenging for:<\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li>Start-ups with limited banking relationships<\/li>\r\n\r\n\r\n\r\n<li>MSMEs unfamiliar with policy framing<\/li>\r\n\r\n\r\n\r\n<li>Exporters in dispute or refund situations<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">However, those who comply will benefit from faster approvals, fewer RBI interactions, and broader flexibility.<\/p>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"_NPCS_Guiding_Startups_through_Trade_Compliance_Reforms\"><\/span>\u00a0<strong>NPCS: Guiding Startups through Trade &amp; Compliance Reforms<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">At <a href=\"https:\/\/www.niir.org\/blog\/\" rel=\"nofollow noopener\" target=\"_blank\">Niir Project Consultancy Services (NPCS<\/a>), we understand that evolving policy environments require expert guidance. That is why we support:<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">Entrepreneurs<br \/>\u00a0MSMEs<br \/>\u00a0New Industrial Startups<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">With customized market survey cum techno-economic feasibility reports that include:<\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li>Manufacturing process<\/li>\r\n\r\n\r\n\r\n<li>Flow diagrams<\/li>\r\n\r\n\r\n\r\n<li>Machinery &amp; raw material details<\/li>\r\n\r\n\r\n\r\n<li>Market research<\/li>\r\n\r\n\r\n\r\n<li>Complete financial projections<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">We are your go-to industrial consultants for setting up new business projects.<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">Watch project guides on our YouTube channel: <a href=\"https:\/\/www.youtube.com\/@NIIRproject\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/www.youtube.com\/@NIIRproject.<\/a><\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\"><strong>Suggested Reads from NPCS Blog:<\/strong><\/p>\r\n\r\n\r\n\r\n<ol class=\"wp-block-list\" start=\"1\">\r\n<li><a href=\"https:\/\/mediumturquoise-hedgehog-745891.hostingersite.com\/blogs\/profitable-iv-fluid-manufacturing-bfs-technology-startup-guide\/\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/mediumturquoise-hedgehog-745891.hostingersite.com\/blogs\/profitable-iv-fluid-manufacturing-bfs-technology-startup-guide\/<\/a><\/li>\r\n\r\n\r\n\r\n<li><a href=\"https:\/\/www.npcsblog.com\/toy-distributors-in-india-a-guide-for-building-partnerships\/\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/www.npcsblog.com\/toy-distributors-in-india-a-guide-for-building-partnerships\/<\/a><\/li>\r\n\r\n\r\n\r\n<li><a href=\"https:\/\/www.npcsblog.com\/importing-toys-to-india-a-comprehensive-guide\/\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/www.npcsblog.com\/importing-toys-to-india-a-comprehensive-guide\/<\/a><\/li>\r\n\r\n\r\n\r\n<li><a href=\"https:\/\/www.npcsblog.com\/challenges-in-textile-exports\/\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/www.npcsblog.com\/challenges-in-textile-exports\/<\/a><\/li>\r\n<\/ol>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">Explore more: <a href=\"https:\/\/www.niir.org\/blog\/\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/www.niir.org\/blog\/<\/a><\/p>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Way_Forward_What_Stakeholders_Should_Do\"><\/span><strong>Way Forward: What Stakeholders Should Do<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">For banks:<\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li>Frame comprehensive trade policies<\/li>\r\n\r\n\r\n\r\n<li>Train forex teams for documentation review<\/li>\r\n\r\n\r\n\r\n<li>Implement EDPMS\/IDPMS efficiently<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">For exporters &amp; importers:<\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li>Review contracts for settlement terms<\/li>\r\n\r\n\r\n\r\n<li>Align ERP\/invoicing systems with new export forms<\/li>\r\n\r\n\r\n\r\n<li>Anticipate early changes post-implementation<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Utilizing_Opportunities_in_a_Changing_Trade_Environment\"><\/span><strong>Utilizing Opportunities in a Changing Trade Environment<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">The RBI&#8217;s proposed FEMA regulations take an active position, stressing convenience over enforcement. This is a great chance for importers and exporters, particularly MSMEs, to expand\u2014if they continue to be flexible, technologically savvy, and in sync with their banking partners. By providing professional project reports, market insights, and customized investment advice, NPCS is dedicated to assisting companies in flourishing in this dynamic trade climate and making sure you&#8217;re always one step ahead in the international marketplace.<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">Get started today at <a href=\"https:\/\/mediumturquoise-hedgehog-745891.hostingersite.com\/blogs\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/mediumturquoise-hedgehog-745891.hostingersite.com\/blogs.<\/a><\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">&nbsp;<\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Under the Foreign Exchange Management Act (FEMA), the Reserve Bank of India (RBI) released an alarming draft plan to revamp the country&#8217;s export-import regulatory system. A change in India&#8217;s cross-border trade policy is already visible in the new FEMA regulations, which place a stronger focus on digital compliance, flexibility of doing business, and increased [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jnews-multi-image_gallery":[],"jnews_single_post":{"format":"standard","override":[{"template":"2","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"topbottom","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"1","show_featured":"1","show_post_meta":"1","show_post_author":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"0","post_reading_time_wpm":"300","post_calculate_word_method":"str_word_count","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"1","show_comment_section":"1","number_popup_post":"1","show_author_box":"1","show_post_related":"0","show_inline_post_related":"0"}],"image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post_position":"meta","trending_post_label":"Trending","sponsored_post_label":"Sponsored by","disable_ad":"0","subtitle":""},"jnews_primary_category":[],"jnews_social_meta":[],"jnews_paywall_metabox":{"paragraph_limit":"2","enable_premium_post":"0","enable_free_post":"0","override_paragraph_limit":"0","enable_preview_post":"0","enable_preview_video":"0"},"jnews_override_counter":{"view_counter_number":"0","share_counter_number":"0","like_counter_number":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[1230,1227],"tags":[271,272],"class_list":["post-544","post","type-post","status-publish","format-standard","hentry","category-import-export-business","category-government-schemes-policies","tag-export-and-import-policy","tag-policy"],"_links":{"self":[{"href":"https:\/\/www.entrepreneurindia.co\/blogs\/wp-json\/wp\/v2\/posts\/544","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.entrepreneurindia.co\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.entrepreneurindia.co\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.entrepreneurindia.co\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.entrepreneurindia.co\/blogs\/wp-json\/wp\/v2\/comments?post=544"}],"version-history":[{"count":3,"href":"https:\/\/www.entrepreneurindia.co\/blogs\/wp-json\/wp\/v2\/posts\/544\/revisions"}],"predecessor-version":[{"id":5991,"href":"https:\/\/www.entrepreneurindia.co\/blogs\/wp-json\/wp\/v2\/posts\/544\/revisions\/5991"}],"wp:attachment":[{"href":"https:\/\/www.entrepreneurindia.co\/blogs\/wp-json\/wp\/v2\/media?parent=544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.entrepreneurindia.co\/blogs\/wp-json\/wp\/v2\/categories?post=544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.entrepreneurindia.co\/blogs\/wp-json\/wp\/v2\/tags?post=544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}