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image   PACKING CREDIT IN RUPEES

Preshipment Credit In Indian Rupees:-

Union Bank of India provides Packing Credit Rupee  advance to an exporter for financing  the purchase, processing, manufacturing or packing of goods prior to shipment/working capital expenses towards rendering of services on the basis of Letter of Credit opened in favour or in favour of some other person by an Exporter’s  overseas buyer or a confirmed and irrevocable order for the export of goods/services from India  
Pre shipment Credit is given to exporter

  • who is holding the Importer –Exporter Code (IEC) Number allotted   by DGFT. 
  • Exporter who has not been Caution Listed by RBI and on Specific Approval    List (SAL) of ECGC.
  • Exporter who has an export commitment/order and has capacity to fulfill the   same

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