Hello,
Please tell me whether Packing credit or Packing credit in foreign corrency is most beneficial to business peoples?
2 Replies
sivaram
(Asst Mgr-Taxation)
(6918 Points)
Replied 23 July 2015
It is meant only if you have export orders .Beneficail can be said in two ways rate of Interest is low as compared to Cash credit and Interest Subvention can be obtained from Goverment in case of exports done and realised in Foreign currency based on the quantam of exports carried out
Tarun
(AM)
(216 Points)
Replied 23 July 2015
Hey Anjali, Packing credit limit is one of the loans carrying lowest rate of interest for exporters.
It is always beneficial to use such occasions in your favour if you r an exporter.
You may contact me on catarunaggarwal @ gmail.com for the same.
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