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.
EBR Scheme is Export Bill Rediscounting Scheme, which generally goes with Pre-shipment Credit in Foreign Currency (PCFC). Repayment of PCFC takes precedence over EBR Scheme. Or, in other words proceeds from discounting of bills under EBR scheme are used to liquidate PCFC.
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