This document discusses two types of export finance: pre-shipment and post-shipment. Pre-shipment finance includes packing credit advances, pre-shipment credit in foreign currency, and advances against duty drawbacks, which are facilities extended to exporters before exports are shipped. Post-shipment finance includes negotiation of bills drawn under letters of credit, purchase of bills not drawn under letters of credit, advances against bills sent for collection, and advances against duty drawbacks, which are facilities provided after exports have been shipped.
This document discusses two types of export finance: pre-shipment and post-shipment. Pre-shipment finance includes packing credit advances, pre-shipment credit in foreign currency, and advances against duty drawbacks, which are facilities extended to exporters before exports are shipped. Post-shipment finance includes negotiation of bills drawn under letters of credit, purchase of bills not drawn under letters of credit, advances against bills sent for collection, and advances against duty drawbacks, which are facilities provided after exports have been shipped.
This document discusses two types of export finance: pre-shipment and post-shipment. Pre-shipment finance includes packing credit advances, pre-shipment credit in foreign currency, and advances against duty drawbacks, which are facilities extended to exporters before exports are shipped. Post-shipment finance includes negotiation of bills drawn under letters of credit, purchase of bills not drawn under letters of credit, advances against bills sent for collection, and advances against duty drawbacks, which are facilities provided after exports have been shipped.
Its the facility extended to exporter before and till the exports are shipped.
1. Packing credit advances
Eligibility: Direct Exports Indirect exports Sub-Suppliers Deemed Exports
2.Pre shipment credit in foreign currency .
3.Advance against duty drawbacks .
Post Shipment Finance
1.Negotiation of bill drawn under letter of credit . 2.Purchase of bill not drawn under a letter of credit . 3Avance against bills sent for collection . 4.Advance against duty drawbacks .