Export Finance Schemes
Export Finance Schemes
Export Finance Schemes
1. Foreign buyers are now demanding higher credit periods along with
low price, good quality and strict adherence to delivery schedule.
Longer credit period is the main cause for financial requirement to
complete the export trade cycle.
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10. Packing Credit advance should not be more than the value of the
order in all cases and exporters are allowed not to maintain running
loan account.
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11. Only exporters are allowed to avail packing credit advance upto 270
days at concessional interest rates and sub suppliers who are not
exporting directly but supplying goods to exporter are also eligible
for export finance.
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Deemed exporters are not allowed for export finance at low interest
rates.
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Postshipment advance is basically a bill finance for exporter after
shipment of the
goods and provided in Rupee or Foreign Currency as per
requirements.
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14. Export bill under D/A or D/P terms has the same meanings and
one once D/A bill with tenor is purchased its tenor cannot be
changed.
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18. There is a scheme of Gold Card Holder by banks for tiny, small,
medium and large exporters which entitles number of cost reducing
benefits.
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20. Preshipment & Post shipment finance schemes are self adjusting
with completion of export business stages
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21. At post shipment handling of export documents under letter of
credit is called negotiation, sight export bills are purchased and
time or usance export bills are discounted. Bank charge concession
interest rates while negotiating, purchasing and discounting export
bills.
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