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.
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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.
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AKASH KIRAN GURAV
5
Detailed course 👍🏻
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dsfdsfsdf
5
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Toibur rahman
4
great content. make new updated course please
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Ketan Santosh Sawant
5
Thank you so much LearnVern....😀And Specially kunal Sir
"This course offers knowledge that is not freely available on any platform. The entire course has been taught step by step, providing a comprehensive understanding."
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chauhan vijay
5
What a course..... thank u so much for this opportunity...
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Raj kalariya
5
The course content is excellent, attractive, and understandable. If there is a detailed PDF of the course content, then it will be very helpful for viewers to revise the content.
A
Abhishek Bharti
5
The course offers comprehensive content on the export-import process, including documentation, regulations, and logistics. The instructor is experienced, sharing practical insights alongside theory. Hands-on assignments add value, though more real-world projects could enhance learning. The certification is well-recognized, adding credibility to a resume. While resources and flexibility are strong, student support could be faster. Overall, it provides excellent value for those seeking to advance in international trade.
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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 ?
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