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What is a Packing Credit (PC) in the context of export finance?
Packing Credit is a pre-shipment advance extended by banks to exporters to enable them to purchase, process, manufacture, or pack goods before shipment against a confirmed export order or Letter of Credit.
What is the Gold Card Scheme for exporters in India?
Simplified credit delivery scheme for creditworthy exporters by banks.
What is the maximum period for which Packing Credit can be sanctioned under RBI guidelines?
Packing Credit is generally sanctioned for a period not exceeding 270 days, though the RBI expects it to be liquidated within 180 days from the date of advance.
What is the maximum export credit period for pre-shipment finance in India?
270 days from the date of advance.
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