Every logistics stakeholder in a bonded warehouse agrees that SOX/STP/CT3/SEZ compliance is the most demanding, cumbersome and time consuming activity, as it is liable to statutory audits from STPI, Customs or Central Excise departments. In an event of breach of the compliance, the organization has to pay a hefty penalty. Everyone knows adhering to these compliances cannot be avoided, but not many know that these activities can be automated to bring peace of mind. Our SOX/STP/CT3/SEZ module helps organization adhere to the compliances with minimal effort, as all the compliance related annexure and reports are auto generated from the application itself.
Special Economic Zones
SEZs offer incentives and excellent facilities to attract investments for special purposes like exports. These zones have strict compliance norms for managing assets used for these special purposes. Traxx can be readily configured for most of the processes followed by different special economic zones.
Assets shown in the balance sheet should match with the assets available on the floor. Using Traxx to reconcile the Finance Asset Register with Physical Asset Register and by conducting asset audits on a periodic basis to eliminate variance if any achieves this efficiently. With Traxx this process is quick and simple.
- Configure multiple units
- Configure multiple bond registers
- Map sites to bond registers
- Track CG Limit
- Generate application letters
- Configure CHA
- Configure tariff headings
Software Technology Parks of India (STPI), an autonomous society under Ministry of Communication and Information Technology, Department of Electronics and Information Technology, Government of India. All processes and reports necessary for STPI Compliance are available in Traxx.
Reports and Forms
- Annexure IX, IX-A, XIII, XXI and B17
- Re-export invoice
- Shifting invoice
- Packing list
- Tentative report(Yearly)
- Re-warehousing Certificate
- Letters for approval to STP & Customs
- De-bonding annexure
- Cancel import approval/replacement