What is Clean packing credit ?
Clean packing credit: This is an advance available to an exporter only on product
ion of a firm export order or a letter of credit without exercising any charge
or control over raw material or finished goods. Each proposal is weighted
according to particular requirements of trade and credit worthiness of the
exporter. A suitable margin has to be maintained. Also, Export Credit Guarantee
Corporation (E.C.G.C. ) cover should be obtained by the bank.
CA.Parsun Garg
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