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
4.8
Overall Rating
87%
7%
4%
1%
1%
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.
M
Mohammad Altaf
5
I wants to write lots of things for appreciate but firstly I need to confirm one doubt. But it's very useful.
D
Dinesh Kumar
5
यह कोर्स मेरे लिए उतना ही प्रभावशाली और जरूरी है जैसे एक इंसान को सांस की जरूरत होती है
L
Limbasiya Dax
5
Very good 👍🏻😊
H
Harshvardhan Maharnur
5
nice
D
Dinesh Kumar
5
Mere Hisab Se Isase Accha Course Ho Hi Nahi Sakata Etana Details Me Aur Etena Acchi Tarah Se Samajhaya Gaya H Ki Age Kucch Kahane Ke Liye Nahi Bachata Agar Ek Shabd Me Kahun To Superb.
R
Ramesh Solanki
5
Awesome, I want to know about exim word during questionaire what it indicates ?
Share a personalized message with your friends.