As announced in the Statement on Developmental and Regulatory Policies dated October 01, 2025, the following changes have been made in the extant directions to provide operational flexibility and ease compliance burden on Exporters, Importers and Merchanting Traders:

(A) Merchanting Trade Transactions (MTT)

With a view to facilitate Indian merchants manage their MTT efficiently keeping in view the global trade related uncertainties, Reserve Bank of India has issued A.P.(DIR Series) Circular No.11 dated October 01, 2025, wherein it has been decided to increase the time period for the forex outlay from four months to six months, in case of MTT.

(B) Simplified process for Closure of Shipping Bills and Bills of Entry to ease compliance burden on Exporters and Importers

1. It may be recalled that RBI had issued draft Directions on July 11, 2025 aimed at simplifying processes related to reconciliation of small-value exports transactions in the Export Data Processing and Management System (EDPMS).
2. The draft Directions were reviewed based on the feedback received from stakeholders and it has been decided to also include small-value import transactions that are reported in the Import Data Processing and Management System (IDPMS) under the simplified process for reconciliation/closure of such transactions.
3. In this regard, Reserve Bank of India has issued A.P.(DIR Series) Circular No.12 dated October 01, 2025.

(Puneet Pancholy)     
Chief General Manager

Press Release: 2025-2026/1225