Packing Credit Limit is a facility sanctioned to an exporter in both Pre-Shipment and Post-shipment stage. This facility is availed by exporter to purchase raw materials and manufacture or produce goods according to the requirement of the buyer and get it packed for onward export.
Packing Credit limit covers all the working capital needs of the exporter including raw materials, wages, packing costs and all pre-shipment costs. Packing Credit limit is available generally for a period of 90 days and the exporter has to pay a lower rate of interest compared to Overdraft or Cash Credit facility.
We arrange Pre-shipment Credit to an exporter by way of packing credit to enable him to finance purchase/import of raw materials, processing and packing of the goods meant for exports.
Post-shipment Credit is offered to an exporter to finance export sales receivables after the date of shipment of goods till the date of realization of export proceeds.
| Sr. No | Self Employed Individuals having | |||
|---|---|---|---|---|
| Proprietorship Firm | Partnership Firm | Private Limited and Limited Company | ||
| KYC Documents | ||||
| 1 | PAN Card | PAN Card | PAN Card | |
| 2 | Aadhar Card | Aadhar Card | Aadhar Card | |
| 3 | Current resident address proof | Current resident address proof | Current resident address proof | |
| 4 | Office Address Proof | Office Address Proof | Office Address Proof | |
| 5 | GST Registration Certificate | GST Registration Certificate | GST Registration Certificate | |
| 6 | Partnership Deed | MOA and AOA | ||
| 7 | List of partners and shareholding pattern onletter head | List of Directors and Shareholding pattern on letter head | ||
| Income Documents | ||||
| 1 | GST Returns – 1 Year | GST Returns – 1 Year | GST Returns – 1 Year | |
| 2 | Income Tax Returns – 3 years | Income Tax Returns – 3 years | Income Tax Returns – 3 years | |
| 3 | Bank Statement – 1 year | Bank Statement – 1 year | Bank Statement – 1 year | |
| Additional Documents Generally Required | ||||
| 1 | Existing loan – Sanction letter (if any) | Existing loan – Sanction letter (if any) | Existing loan – Sanction letter (if any) | |
| Sr. No | Document |
|---|---|
| 1 | Sale Agreement or Sale Deed with Registration Receipt, Stamp Duty, Index II |
| 2 | Chain of Agreement
with Registration Receipt, Stamp Duty, Index II This is required is there are resale transactions |
| 3 | Share Certificate |
| 4 | Occupancy Certificate ( OC ) |
| 5 | Commence Certificate ( CC ) |
| 6 | Approved Building Plans |
| 7 | Building Completion Certificate |
| 8 | Society Registration Certificate |
| 9 | Tax Paid Challan |
| 10 | Society Maintenance Receipt |
| Note: - As there are different properties types like residential, commercial, industrial, etc. Property documents required will always change based on type of property and location at which the property is located. We have just given the general list of property documents. | |
Call 9167-788-965
