26/10/2026
π’ RBI EDF Rules 2026: Important Update for Freelancers & Service Exporters
Indiaβs revised foreign exchange reporting framework took effect on 1st October 2026, raising important questions about Export Declaration Form (EDF) requirements for freelancers and service-export businesses.
π Key Highlights:
β
RBI clarification on reporting requirements for individuals providing services to overseas clients.
β
Self-declaration may replace invoice uploads for transactions up to βΉ10 lakh per bill, subject to applicable procedures.
β
Export realisation deadlines revised to 9 months, or 12 months for exports invoiced or settled in Indian rupees.
β
EDF reporting and export payment realisation are separate compliance obligations.
β οΈ Action Point: Freelancers, IT agencies and consultancies should confirm EDF requirements with their authorised dealer bank and maintain proper export documentation.
π Read the full news: https://zurl.co/hkXwd
π² Follow Setindiabiz for regular business, tax and regulatory updates: https://zurl.co/ygg4v