Packing Credit
Packing Credit, also known as Pre-shipment Finance, is a form of short-term credit provided by financial institutions to exporters to finance their working capital requirements before the shipment of goods. This financial assistance helps exporters to cover various costs involved in the pre-shipment phase, including procuring raw materials, processing, manufacturing, packaging, transportation, and other expenses necessary to fulfill export orders. In this note, we will delve into the key aspects of Packing Credit, its features, benefits, and the process involved.
Features of Packing Credit:
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