Free notes, textbooks, and exam-focused resources designed for Indian banking professionals.
On July 2, 2024, the Reserve Bank of India (RBI) proposed a set of streamlined regulations governing the export and import of goods and services, with the objective of enhancing…
Export documentation and procedures upon prevalent statutes/ amendments and country-specific requirements related to exporting from India are explained in this post. Definition of export: Export means selling goods or services…
The loans and advances granted to an exporter for procuring materials, processing, manufacturing or packing of goods at the pre-shipment stage are called Packing Credit (PC) facility. These types of…
Banks in India offer various credit facilities to exporters both at pre-shipment stage (Packing Credit) and Post-shipment stage viz. Purchase of export bills, Discount of Export Bills, Negotiation of Export bills, Advance against…
As per DGFT Notification dated March 12, 2015, Indian exporters and importers require the following three mandatory documents in foreign trade. MANDATORY DOCUMENTS IN INDIA FOR EXPORT & IMPORT Sr.No…
Banks extend export credits to exporters of goods and services, where the loans are released for procuring, Packing processing (where necessary), manufacturing and finally for packing of goods. The credit…
(This post provides details about Purchase of export bills, Discount of Export Bills, Negotiation of Export bills, Advance against Undrawn Balances on Export Bills, Advance against Retention Money, Advance against Duty Draw Back,…
ECGC is designed to guard exporters from the consequences of the payment risks, both political and commercial, which enables the exporters to expand their overseas business without fear of loss. …
Factoring is commonly identified as accounts receivable factoring, invoice factoring, and sometimes accounts receivable financing. Factoring service is a service that covers (i).Collection of bills, (ii).discounting of bills (iii).maintenance of…
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