[nilesh]

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Hii sir, I Wants to get the Information About the EXIM Finance Service of the Punjab National Bank ?

[Vishal Kotkar]

EXIM Finance Service

To provide efficient service to our importer/exporter clients, PNB has set up connectivity with the Customs Department to facilitate payment of custom duty and receipt of duty draw back by the importer/exporter clients through the electronic media. Under this system of Electronic Data Interchange (EDI),

Services Offered To Exporters
Pre-shipment finance in foreign currency and Indian rupees
Post-shipment finance in foreign currency and Indian rupees
Handling export bills on collection basis
Outward remittances for purposes as permitted under Exchange Control guidelines
Inward remittances including advance payments
Quoting of competitive rates for transactions
Maintenance of Exchange Earners Foreign Currency (EEFC) accounts
Assistance in obtaining credit reports on overseas parties

Services Offered To Importers
Establishment of Import Letters of Credit covering import into India and handling of bills under Letter of Credit
Handling of import bills on collection basis
Remittance of advance payment against imports
Offering utilisation of PCFC ( pre-shipment credit in foreign currency) for imports
Credit reports on overseas suppliers
Interest rates in respect of Export Credit