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Import / Export & Trade | Case Study | N D Savla & Associates

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.

Client Type Trading Company | Chemical Import & Distribution

Industry Specialty Chemical Trading

Engagement Statutory Audit

Duration Annual Engagement

The Challenge

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.

Our Approach

How we executed the engagement.

01

Documentation Audit

End-to-end review of Purchase Order, Commercial Invoice, Shipping documents, Bill of Entry, and Bill of Lading for every import transaction.

02

RoDTEP Compliance

Eligibility validation per scheme rules, accurate computation, and timely accrual booking under AS 12 (Government Grants).

03

Customs Valuation Review

Pricing benchmarks against international rates, SVB references where applicable, and detection of under-invoicing patterns.

04

Forex & Banking

Buyer's credit accounting, hedging instrument treatment, and FEMA compliance for inward/outward remittances.

05

Statutory Certification

Final audit opinion under the Companies Act, with detailed working papers.

Expertise Delivered

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.

Key Outcomes

The results we delivered.

Full RoDTEP claims booked correctly across the financial year
Customs documentation framework standardized across all SKUs
Forex exposure mapped, hedged, and reconciled
Clean audit opinion issued without qualifications

“At N D Savla & Associates, we don't just ensure compliance — we help you make smarter financial decisions with clarity and confidence.” — N D Savla & Associates

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