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What is Whole Turnover Packing Credit Guarantee?
The whole turnover packing credit guarantee is issued to the banks so as to cover the exporter. This ensures that the person gets quality services from the banking institutions.
What is a MT798?
MT798 is an authenticated message that is used by Corporates in lieu of the MT 760 to send financial instruments such as Safekeeping Receipts, Import Letters of Credit, Export Letters of Credit and Standby Letters of Credit to member Banks of the SWIFT system. Thank you K.O/Accra-Ghana
Meaning of export packing credit?
The style of packing normally used during an export to another country. Before being loaded into the transport conveyance all furniture pieces are individually and permanently wrapped in heavy duty protective materials such as specialist designed bubble wrap or multi-ply paper sheets
What if a packing slip shows a shortage?
If the packing slip shows a shortage, the accounts payable department should send it back.
5 example of source documents in accounting?
5 example of source documents inh accouting
What is import requirement?
Import requirement can be defined as a list of specific documents related to import of goods into any country. Commonly known import documentary requirments are Commercial Invoice, Packing List, Original Bill of Lading, Letter of Credit, Certificate of Origin etc.
What is the latest Export Packing Credit interest rates of SBI?
what is the latest export packing credit interest and foreign bill purchase interest rate of SBI.
What is Whole Turnover Packing Credit Guarantee?
The whole turnover packing credit guarantee is issued to the banks so as to cover the exporter. This ensures that the person gets quality services from the banking institutions.
What is FBP with reference to Packing credit?
Please advise me in this. I don have the desired information
Should export packing credit should be a rupee based one or foreign currency based one based on foreign currency management skills?
Packing Credit## Foreign currency packing credit (FCPC) Here the loan is taken in the foreign currency itself, when actual payment is received in foreign currency it is directly settled. Here no premium is available to the exporter. b. Rupee packing credit Here the loan is taken in rupee and therefore there is a scope for forward cover. Here the exporter gets a premium which reduces the interest charges.
What is pcfc?
Pre-shipment Credit in Foreign Currency is referred to as PCFC in the Indian banking circles. Some times referred to as Packing Credit in Foreign Currency.
What documentation is required to import goods in India?
Documentation required to import goods in India are Commercial Invoice, Packing & Weighment list, Bill of Lading or Airway Bill (as the case may be), Certificate of Origin from approved Chamber of Commerce, Proforma Invoice or Indent, Letter of Credit (optional), Al form for remittance of payment to overseas supplier through banker, Cargo Arrival Notice from the Shipping Agent etc.
What does RDLC stands for in import and export trade?
RDLC stands for " Revolving Documentary Letter of Credit"
How get license from export import?
Ministry of finance issues import or export license. In order to export or import you will have to establish your company, register it with CBR, get an NTN number, open a corporate bank account with listed banks, get LC (letter of credit) from that bank and then you can proceed with your import or export business.
Is this possible to open a Letter of credit opened in one country and import doing in another country by using the same letter of credit?
the letter of credit is opened only for one business with a certain amount
What is the plural of packing list?
The plural of packing list is packing lists. As in "where are the packing lists?".
What do you do after your done downloading iTunes?
You import your music, pictures, videos, etc to it or you purchase music from the itunes store with a debit/credit card.
