Simplification of procedure for delivery of export credit:
With a view to ensuring timely delivery of credit to exporters and removing procedural hassles, the RBI has issued guidelines to the commercial banks. These guidelines are applicable to Rupee export credit as well as export credit in Foreign currency.
(i) Simplification of procedure for delivery of export credit:
(a) Banks should simplify the application form and reduce data requirements from exporters for assessment of their credit needs, so that exporters do not have to seek outside professional help to fill in the application form or to furnish data required by the banks.
(b) Banks should adopt any of the methods, viz. projected balance sheet method, turnover method or cash budget method, for customers, whichever is most suitable and appropriate to their business operations.
(c) In the case of consotium finance, once the consortium has approved the assessment, member banks should start simultaneously initiate their respective sanction process.
About Us:
At Sahyog Group, We pride ourselves in being a one stop shop service provider for a complete range of services.
These include the following:
- Setting up of a most suitable type of business organization
- Securing registration with the Regional Licensing Authority (IEC No.), Export Promotion Councils, Sales Tax Authorities etc.
- Understanding of new Foreign Trade Policy & procedures
- Obtaining credit limit for the buyer/buyer's country from ECGC.
- Preparing / Obtaining Export documents
- Shipping & customs clearance of the goods and Indian customs EDI system.
- Obtaining export incentives under the Duty Drawback Scheme, marketing development Assistance , Focus
- marketing scheme, Focus products scheme, license etc.
For more details, please contact Sahyog Group at:
Mobile: +91-9811157957
Phone: +91-11-22015854 / 55 / 56
Skype: sahyoggroup
E-mail: raj@sahyogfreight.com
