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RBI amends EDF rules for service exporters, freelancers under FEMA: ₹10 lakh threshold, relief for resident individuals

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Summary

The RBI has simplified EDF compliance for resident individual service exporters and introduced a ₹10 lakh threshold for other exporters. It has also revised IDPMS reporting requirements for service imports. Here's what the new FEMA amendment means for freelancers and other exporters. 

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    RBI amends EDF rules for service exporters, freelancers under FEMA: ₹10 lakh threshold, relief for resident individuals

    The RBI has simplified EDF compliance for resident individual service exporters and introduced a ₹10 lakh threshold for other exporters. It has also revised IDPMS reporting requirements for service imports. Here's what the new FEMA amendment means for freelancers and other...

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