Fixed Asset Complaince - Fams (1)

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Fixed Asset Complaince
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About Us
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• Every logistics stakeholder in a bonded
  warehouse agrees that SOX/STP/CT3/SEZ fixed asset
  compliance is the most demanding, cumbersome and
  time consuming activity, as it is liable to
  statutory audits from STPI, customs or central
  Excise department. 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 fixed asset
  compliance helps organization adhere to the
  compliance with minimal effort, as all the
  compliance related annexure and report are auto
  generated from the application itself. To avoid
  contingencies in business it is important to get
  fixed asset compliance.

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FEATURES OF COMPLIANCE MANAGEMENT MODULE
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• Special Economic Zones
• Sarbanes Oxley
• Special Economic Zones
• Reports and Forms

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Special Economic Zones
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STPI, SEZ 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.

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Sarbanes Oxley
http//www.fams.co/
Regulatory Compliance 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.

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Special Economic Zones
http//www.fams.co/
Features in SEZ 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.

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Reports and Forms
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Regolatory Reports 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

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Contact Us
http//www.fams.co/

• Address 385 prince of Wales drive.
• City Mississauga
• State Ontario
• Country Canada
• Contact 1 - 416 436 6429
• Email info_at_fams.co

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http//www.fams.co/

• Thank You