Import / Export & Trade
For a chemical importer navigating customs scrutiny and RoDTEP claims, we built a documentation framework that turned audit risk into audit confidence.
What the engagement demanded.
The client imports specialty chemicals from multiple international suppliers and distributes domestically. Managing high-volume customs documentation, Bill of Entry validations, and accurate booking of RoDTEP (Remission of Duties and Taxes on Exported Products) incentives was creating audit complexity. Our team also identified potential under-invoicing patterns in certain supplier transactions that required careful documentation and remediation. The audit had to confirm both regulatory compliance and accurate revenue/cost recognition tied to import economics.
How we executed the engagement.
Documentation Audit
End-to-end review of Purchase Order, Commercial Invoice, Shipping documents, Bill of Entry, and Bill of Lading for every import transaction.
RoDTEP Compliance
Eligibility validation per scheme rules, accurate computation, and timely accrual booking under AS 12 (Government Grants).
Customs Valuation Review
Pricing benchmarks against international rates, SVB references where applicable, and detection of under-invoicing patterns.
Forex & Banking
Buyer's credit accounting, hedging instrument treatment, and FEMA compliance for inward/outward remittances.
Statutory Certification
Final audit opinion under the Companies Act, with detailed working papers.
The capabilities we brought to bear.
Import Documentation Audit
Cross-verification of every link in the import documentation chain — PO, Invoice, Shipping, BoE, BL.
RoDTEP Incentive Booking
Accrual accounting for export incentives per AS 12, with eligibility tracking and reconciliation.
Customs Valuation
Awareness of valuation methods, SVB (Special Valuation Branch) requirements, and anti-dumping considerations.
Foreign Exchange Monitoring
FEMA compliance, hedging instrument accounting, and forex gain/loss recognition.
Under-invoicing Detection
Pattern recognition framework to flag suspect transactions, with remediation protocols.
The results we delivered.
At N D Savla & Associates, we don't just ensure compliance — we help you make smarter financial decisions with clarity and confidence.
