What if goods bought with packing credit cannot be shipped?
The Reserve Bank of India's March 2026 directions let a lender allow repayment from any legitimate source, including domestic sale proceeds of the goods or proceeds of another export order, for packing credit already availed when the directions were issued (31 March 2026). It is the lender's option, so talk to your bank early.
What the directions say
Para 7 of the Reserve Bank of India (Trade Relief Measures) Directions, 2026 covers packing credit already availed on or before 31 March 2026 where dispatch of goods could not take place. A lender may allow liquidation from any legitimate alternate source, including domestic sale proceeds of the goods or substitution of the contract with proceeds of another export order.
The two routes
- Sell the goods in India and repay the packing credit from that money.
- Move the credit to another export order and repay from its proceeds.
What it does not do
It is permission for the lender, not a right for you. It covers packing credit already availed when the directions were issued, not credit taken later. The earlier November 2025 version used an availed-by date of 31 August 2025.
What to prepare
It helps to bring your bank the cancelled or delayed order, the stock position and the replacement order or domestic buyer.
What Senseible does here
Senseible does not lend or restructure credit. It keeps your fuel and power records dated and ready. Senseible does not lend. It connects verified records to its financing partners, the partner decides, and nothing is guaranteed.
- Is the 450-day export credit period still allowed
- Export credit and priority sector lending
- How drawing power is calculated on cash credit
Sources: RBI, Reserve Bank of India (Trade Relief Measures) Directions, 2026, 31 March 2026, para 7, RBI press release, Trade Relief Measures, 14 November 2025
Last reviewed 2026-11-06.