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Packing Credit

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(Querist)
26 May 2010 what is packing credit?
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CMA.Palani Arumugam

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CMA.Palani Arumugam (Expert)
26 May 2010 Packing Credit Limit is a pre-shipment finance facility sanctioned to the exporters.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
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.
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Vikas Gupta

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Vikas Gupta (Querist)
27 May 2010 Thanks
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