Customs Advisory & Compliance Services
Customs Review
- Discuss with the Central Point of Contract (CPOC), the expectations out of review, decide way forward & timelines
- Understand the relevant business operations of the Company including initial visit to premises
- Discuss the report format for reporting (risk assessment, possible saving, improvement areas, etc) and basis for such review namely discussion, information/documents to be reviewed such as export register, documents (shipping bills, export invoice, BRCs, etc), import register, documents (bills of entry, import invoice, evidence of payment of duty at the time of goods, etc), etc
- Evaluation of controls & reporting of import/export transactions in financials, possible savings & reduction in cost etc
- Identify supply chain processes which needs to be revised/updated
- Broad level appropriateness of classification & effective rate of duty, exemption availed, incentives claimed & procedure of import/export goods or services
- Valuation of imported goods, change in circumstances surrounding, compliances such as debits in bond, bank guarantee closure, etc
- Business model optimization which includes examining eligibility & evaluation of export/import incentives, obtaining conditional Custom exemptions (IGCR, FTA, Advance Authorization etc) & compliances
- Suggest trade regulatory update implementation process & relevant trade compliance trackers
- Health check/review of compliances in respect of export/import incentives for preparedness for audit by Customs/Trade Regulatory authorities