The gap between the two is where we work.
Most exporters carry a packing credit at 7 to 8 percent on their sanction letter. When every charge is measured against industry benchmarks — FX conversion spread against the CCIL interbank standard, ECGC premium against RBI guidelines, facility structure against what the working capital cycle actually requires — the all-in cost across our client engagements consistently works out to 9 to 11 percent.
The gap is not hidden in one place. It is distributed across six areas — each with its own benchmark, each with a rupee figure attached.
On a ₹10 crore packing credit limit, a 200 basis point difference between the rate on your sanction letter and the all-in cost of export finance works out to ₹20 lakh per year — recurring, until measured. The audit finds it, quantifies it, and gives you a negotiation-ready position for renewal.
Each of the six areas below has its own regulatory reference, its own industry standard, and its own method of quantification. Every finding is delivered as a rupee figure with the supporting reference attached.
Every debit on your current account and export credit account compared against your bank's own published tariff and applicable RBI directives. Where the basis of charge is incorrect or above industry standard, we quantify the recoverable amount — charge by charge, month by month.
Every inward remittance compared against the CCIL interbank rate at the exact time of transaction. This is the rate at which banks transact with each other — the only valid benchmark for a business of your export volume. The spread above CCIL, measured across 12 months, is your annual conversion cost in rupees.
Your working capital instruments compared against what your operating cycle and RBI credit norms support. Export receivables on Cash Credit at 9% when post-shipment credit is available at 6.62%, or a Term Loan carrying cost that Packing Credit net of government subvention would carry at half the effective rate — these are structure decisions, not interest rate problems. We evaluate the entire loan portfolio and explore proper blending of loan products — term loan versus packing credit, PCFC versus INR packing credit — without disturbing operations or liquidity. Corrected at renewal.
Your IES entitlement compared against what is actually being credited. Eligible MSME exporters on INR export credit are entitled to 2.75% per annum under the Interest Equalisation Scheme. Where the DGFT registration is incomplete, the subvention is not being received — and every month it remains unclaimed is permanent, not recoverable.
Actual interest debited compared against sanctioned rate, RBI export credit directives, and applicable tenor rules. Mid-year rate revisions, penal interest, incorrect rate application — each verified against the sanction letter and quantified in rupees.
Forward rate on discounted bills, spread on PCFC interest debits, unhedged positions without a governing policy — benchmarked against CCIL rates and RBI hedge accounting norms, and flagged for action with a rupee-value estimate on each finding.
Not required: customer names, shipment data, or commercial information of any kind. This audit does not touch statutory compliance or your CA's work — it benchmarks commercial banking costs against the bank's own contracted terms and RBI guidelines. Different scope entirely.
Bank negotiation, facility restructuring, government subvention registration, and monthly monitoring — we support each of these directly. What the audit finds determines what we work on together next.
Or WhatsApp us one page of your packing credit or current account statement. We will tell you within 24 hours whether the pattern exists in your case.