System Benefits
There are enormous benefits to be derived after the implementation of our integrated management system :
Vehicle Valuation
- Maximizes Government revenue at a minimum cost
- Enables importers to undertake self-assessment before any importation to assist them in their vehicle purchasing decisions
- Elimination of uncertainty in duty payable
- Faster turnaround times for vehicle valuation
- Automated customs classification for correct tariff codes thereby eliminating misclassification
- Automated vehicle value generation
- Automatically generates accurate and acceptable duty and taxes payable on imported vehicles
- Elimination of the human involvement in the valuation system thereby curbing arbitrariness
- Elimination of unclean data and spelling errors
- Brings transparency and equity to the Customs processes and operational efficiency
- Standardized and fair valuation across all entry points
- Pre-emption of fraudulent practices and collusion between officers and importers
- Tampered VIN/Chassis detection
- Provision of clean data and reliable classification for accurate statistics to government for facilitating import and trade decisions
Vehicle Registration
- Drastically reduces fraudulent vehicle registration and enforcement cost
- Accurate vehicle details for vehicle registration
- Faster turnaround times for vehicle registration
Compliance Monitoring
- 24/7 monitoring by law enforcement agencies anywhere in the country
- Strengthening of national security and the reduction of Customs enforcement cost
- Reduction in duplication and recycling of Vehicle number plates
- Discourages importers from fraudulent vehicle importation and registration thereby boosting compliance
- the security agents on their routine work can apprehend uncustomed vehicle without any extra cost to the customs
Advisory
- System review/Audit and Report at no cost to client including loss of revenue
- We also provide a simulating tool that can be used to simulate various tax scenarios for annual budget review and policy decisions