Packing Credit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 December 2009
Hi,
I am Nitu Pandey, working with a software company as an account Executive. I want to know about procecing packing credit & what is documentation for this.
Thanks & Regard
Nitu
I am Nitu Pandey, working with a software company as an account Executive. I want to know about procecing packing credit & what is documentation for this.
Thanks & Regard
Nitu
04 December 2009
Packing credit loan are of two types.
1) Pre shipment credit.
Pre-shipment Credit Funds lent by banks in rupees or foreign currency (PCFC) to exporters, prior to the shipment of goods. Pre-shipment finance can be in the form of packing credit, advance against cash incentives and others.
2) Post shipment credit.
Post-shipment Credit Funds lent by banks in rupees or dollar-denominated credit (PSCFC) to exporters after the shipment of goods. This is useful to exporters who may otherwise suffer a long collection period. Post-shipment finance can be in the form of purchase or discounting of export bills, advance against foreign bills presented for collection, advance against cash incentives, etc.
1) Pre shipment credit.
Pre-shipment Credit Funds lent by banks in rupees or foreign currency (PCFC) to exporters, prior to the shipment of goods. Pre-shipment finance can be in the form of packing credit, advance against cash incentives and others.
2) Post shipment credit.
Post-shipment Credit Funds lent by banks in rupees or dollar-denominated credit (PSCFC) to exporters after the shipment of goods. This is useful to exporters who may otherwise suffer a long collection period. Post-shipment finance can be in the form of purchase or discounting of export bills, advance against foreign bills presented for collection, advance against cash incentives, etc.
Message likes :
1 times
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 December 2009
Sir Thanks Again
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Liable to deduct tds and 44ADA
- Relief u/s Section 89
- TDS Challan Code
- Rent lease agreement
- Refund of 20%pre-deposit paid for stay application
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
