Master Circular on Export of Goods and Services (2010)
No longer current — withdrawn, no replacement on file yet
Source: Reserve Bank of India · RBI/2010-11/6 · issued 01 Jul 2010 · ~1 min read
Quick answerRBI consolidated all existing instructions on export of goods and services into one master circular, effective July 1, 2010, with a one-year sunset clause. It applies to all Category-I Authorised Dealer banks and is based on FEMA 1999 and current account rules.
What changed
RBI issued Master Circular No.06/2010-11 consolidating all prior instructions on export of goods and services into a single document. The circular includes a sunset clause, meaning it will be withdrawn on July 1, 2011, and replaced by an updated version.
What it means for you
Banks now have a single reference point for export-related compliance under FEMA, reducing the need to track multiple circulars. The one-year validity signals that RBI expects regular updates, so banks must stay alert for the next version. This consolidation simplifies audit and training for export processing.
Historical instruction — do not use for current compliance. This is what was required at the time; it no longer reflects current RBI requirements. If no replacement rule is linked above, that only means none is recorded on our register yet — it does not prove no later applicable rule exists. Confirm on the official RBI source below.
What banks were required to do at the time
Review the master circular and ensure your export processing procedures align with the consolidated instructions.
Train staff handling export documents on the single reference document to avoid reliance on outdated circulars.
Prepare for the sunset date by monitoring RBI for the updated master circular expected by July 1, 2011.
Maintain records of underlying circulars listed in the appendix for audit trail purposes.
Who it affects
All Category-I Authorised Dealer banks, Exporters and their bank relationship managers, RBI compliance and forex operations teams
❓ Common questions
Regulatory timeline
Stated effective dateeffective July 1, 2010
Decoded by BankPulse2026-06-19 05:36 IST
Status change: withdrawn03 Aug 2026, 04:00 IST
Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).
What is the legal basis for this master circular?
It is issued under clause (a) of sub-section (1) and sub-section (3) of Section 7 of FEMA 1999, read with the Foreign Exchange Management (Current Account) Rules, 2000.
When will this circular be withdrawn?
The circular has a sunset clause of one year and will stand withdrawn on July 1, 2011, to be replaced by an updated version.
Does this circular introduce new rules?
No, it consolidates existing instructions on export of goods and services into one place. No new requirements are introduced.
📜 Read the original circular — full text as issued by RBI
RBI/2010-11/6
Master Circular No.06/2010-11
July 01, 2010
To,
All Category – I Authorised Dealer Banks
Madam / Sir,
Master Circular on Export of Goods and Services
Export of Goods and Services from India is allowed in terms of clause (a) of sub-section (1) and sub-section (3) of Section 7 of the Foreign Exchange Management Act 1999 (42 of 1999), read with Notification No. G.S.R. 381(E) dated May 3, 2000 viz. Foreign Exchange Management (Current Account) Rules, 2000, as amended from time to time.
2. This Master Circular consolidates the existing instructions on the subject of "Export of Goods and Services from India" at one place. The list of underlying circulars/notifications consolidated in this Master Circular is furnished in Appendix.
3. This Master Circular is being issued with a sunset clause of one year. This circular will stand withdrawn on July 01, 2011 and be replaced by an updated Master Circular on the subject.
Yours faithfully,
(G. Jaganmohan Rao)
Chief General Manager
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2010-11/6 · issued 01 Jul 2010. The plain-English explanation above is BankPulse’s own independent summary.
Discuss this circular with fellow bankers — reply, upvote what helps, report what doesn’t belong. Be professional; no client data. Views are the commenter’s own, not BankPulse’s.
BankPulse Compliance Evidence Pack — generated 03 Aug 2026 · status cross-checked against RBI’s official withdrawal register (refreshed weekly). Official RBI source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=5785&Mode=0 — Plain-English summary by BankPulse (bankpulse.ai), reviewed by our expert reviewer, CA Amit Jain. Independent platform, not affiliated with the Reserve Bank of India; is our own plain-English paraphrase, not RBI’s original wording.
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