Page 273 - International Marketing

BRILLIANT'S Export Management 275

goods to be exported or goods exported.
their domestic value whic-
hever is less.
4. Beneficiary It is extended to the Indian It is extended to the Indian
exporters or deemed ex- exporters as well as the over-
porters from India. seas exporters.
5. Form of It is extended in the follow- It is extended in the follow-
Finance ing forms: ing forms:
1. Extended Packing credit 1. Discounting of exports
loan. bills.
2. Packing credit loan 2. Against undrawn bal-
(hypothecation and Ple- ances.
dge). 3. Against retention money.
3. Secured shipping loan. 4. Against goods on consi-
gnment.
It is granted for a maxim-
6. Period of NPP It can be granted for short,
Credit um period of 180 days and medium, and long term for
can be further extended for periods ranging from 90
a period of 90 days with days to 12 years depending
the prior permission of upon the nature of exports.
the RBI.
7. Documentary It is extended against the It is extended against the
Evidence documentary evidence of evidence of shipping docum-
confirmed export order or ents certified by the customs
letter of credit. authorities.
8. Lending It is generally extended by Short-term pre-shipment
Institutions commercial banks in India. credit is extended by the
commercial banks while
medium and long-term credit
is extended by the EXIM
bank.

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