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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