Packing Credit
This query is : Resolved
26 May 2010
what is packing credit?
26 May 2010
Packing Credit Limit is a pre-shipment finance facility sanctioned to the exporters.
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26 May 2010
Packing credit limit is a facility sanctioned to an exporter in the Pre-Shipment stage. This facilitates the exporter to purchase raw materials and manufacture or produce goods according to the requirement of the buyer and get it packed for onward export. Packing Credit limit covers all the working capital needs of the exporter including raw materials, wages, packing costs and all pre-shipment costs. Packing credit limit is available generally for a period of 90 days and the exporter has to pay lower rate of interest compared to Overdraft or Cash Credit facility.
Packing credit limit is a facility sanctioned to an exporter in the Pre-Shipment stage. This facilitates the exporter to purchase raw materials and manufacture or produce goods according to the requirement of the buyer and get it packed for onward export. Packing Credit limit covers all the working capital needs of the exporter including raw materials, wages, packing costs and all pre-shipment costs. Packing credit limit is available generally for a period of 90 days and the exporter has to pay lower rate of interest compared to Overdraft or Cash Credit facility.
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27 May 2010
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