The packing credit/pre-shipment credit given to an exporter may be liquidated out of the profits of bills drawn for the exported commodities on their purchase, discount, etc., converting pre-shipment credit to post-shipment credit.
As a result, the interest rate for usance bills for periods up to 180 days will be the rate effective up to 180 days from the date of advance.
Pre-shipment credit in the form of PCFC (packing credit in foreign currency) or EPC is available to exporters (export packing credit in INR). As the name implies, this facility is only available for obtaining raw materials, processing, and packaging until the final shipment.
A pre-shipment inspection is a procedure in which trade operators (buyers, suppliers, and agencies) inspect newly created products before shipping them for export or import. A pre-shipment inspection is performed to verify the quantity and quality of the item. Examine products for flaws.
When the seller wants to pay for the products before they are shipped, a financial institution will offer Pre Shipment Finance. The main goals of preshipment or pre-export financing are to allow exporters to: procure raw materials.
Learner's Ratings
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Reviews
J
Jay Vyas
5
This is just awesome course. I gained so much knowledge about Import-Export Business by learning this course.
LearnVern, you are doing an awesome job by teaching for free.
P
prabhat sharma
5
how many companies of import and export are hiring ? please provide the list and is it possible to start it without office as an individual ?
N
Navghanji Sorabji Thakor
5
Nice
C
Captain Marvel
5
Kunal Dugad Sir ! You nice learn to Import And Export for Free Of Cost - Thanks Kunal Dugad Sir and Learvern Team !
M
Mr Asad
5
our first question is Blance of trade?
its means when you start your international trde to another country so you have a conttact a banl of finance instituions for money to devlope a products this is
M
Mahant Burman
5
Its Very Important For a Person who is Doing a Professional Course Have a depth knowledge and real world experience a part of book's knowledge.
S
sanjiv chouhan
5
sir saste mai buyer ka data kaise uper kre,iska koi solution hai to plz btaiye
R
Raj chauhan
5
what a way of teaching, love this course, THANK YOU SO MUCH SIR FOR MAKING SUCH A GREAT COURCES.
A
Ajay Kumar
5
I have taken another courses on the subject but this is the best course I have gone through. Mr Duggal has explained in such a way that even a new learner can understand very well. Recommended.
S
Subhadip Chakraborty
5
This course has helped me a lot to gain a good quality of knowledge that I can use in my future job opportunities.
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