banner_ad

export packing credit

Statutory Audit 2436 views 1 replies

Hi.. kindly advise on the audit procedure to be carried out in respect of 'export packing credits'(pre shipment loan) availed by companies. What are the aspects to be verified??

Replies (1)

@ Srikanth

Packing credit account is just like a cash credit account. This pc account is specifically for exporters.

From the view point of Company:

* As a auditor U can check bank vouchers i.e. conduct normal bank vouching

* check whether the funds are properly being utilised for fulfulment of export order or not.

From the view point of Banks:

* as a auditor u need to check whether there is any NPA pc account account or not

* U can check Interest calculation on pc account to be charged by the bank

* U can check whether account is becoming overdue or not..

 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details