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Corporate Laws Central Ministry of Commerce and Industry Foreign Trade (Development and Regulation) Act, 1992

Pre-shipment and Post-shipment Export Credit and Packing Credit in Foreign Currency (PCFC) for E-Commerce Exports

04-Sep-2023 | Trade Notice No. 26/2023-24

Directorate General of Foreign Trade has issued a Trade Notice regarding Pre-shipment and Post-shipment Export Credit and Packing Credit in Foreign Currency (PCFC) for E-Commerce Exports. The Notice is directed towards: 1. All E-Commerce Exporters 2. Members of Trade & Industry 3. Banking and Financial institutions concerned. Key points from the Trade Notice are as follows: a. The Trade Notice emphasizes that the "Master Circular - Rupee / Foreign Currency Export Credit and Customer Service to Exporters" provides a comprehensive framework that allows access to Pre-shipment and Post-shipment export credit and Packing Credit in Foreign Currency (PCFC) to all eligible exporters. This framework does not exclude E-Commerce Exporters. b. Banking and financial institutions are encouraged to extend Pre-shipment and Post-shipment Export Credit and Packing Credit in Foreign Currency (PCFC) to E-Commerce exports based on the existing guidelines issued by the Reserve Bank of India (RBI). c. E-Commerce Exporters or banks facing any issues in availing such Export Credit are advised to bring these issues to the attention of the Directorate General of Foreign Trade for resolution.

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