In many countries, professional engineers are called Chartered Engineers. The details of registration vary from country to country. In India a Chartered Engineer is a corporate member of the Institution of Engineers (India). Chartered Engineers are usually degree-qualified and have spent at least five years in professional practice. The qualified professionals and independent chartered engineers in India are specialized in the field of issuing certificates as required by companies in the Export-Import and License work.
Some of the applications include certification of advance license application, EPCG license application, duty drawback statements, consumption certificates, utilization certificates, wastage certificates, manufacturing process certificates, certificates required by customs, banks and financial institutions.
A Chartered Engineer Certification is required to export old or used plants and machinery to India. An agency mandated by Government of India to provide Chartered Engineer Certification is required to inspect the machinery prior to shipment and give its opinion in form of a CE Certificate regarding the condition and balance life of machinery, current market value for assessment of duty, contents including spare parts, etc. It is mandatory to produce this CE Certificate during customs clearance for such goods in India. We are approved and registered Valuers and Chartered Engineers and carry out the Inspections and then prepare a comprehensive report mentioning above mentioned details.
When Chartered Engineers Certificate Is Needed?
If you are planning to export machinery or equipment into India, then you will need a Chartered Engineers Certificate (CEC). This applies to any equipment that is used, second hand, refurbished or rebuilt. The process of obtaining a certificate should be relatively trouble free and involves an inspection by a Chartered Engineer and the subsequent issuing of a signed and stamped original certificate on letter headed paper.
As an overview the Certificate must include details of the equipment's original value, it's current value, a description and assessment of condition, the date of manufacture, serial number, details of refurbishment, if any and of course a valid signature and stamp. Whilst alterations to the certificate can be quick and simple, often this causes delays in shipping and so it pays to find someone who has experience of the requirements from the outset.
The Chartered Engineer will wish to view the equipment and inspect it for himself. Whilst the inspection is thorough, it is not a test of the equipment's ability to perform to specification nor any guarantee that the equipment will function correctly. This can take several hours depending on the equipment and will include inspection of any documents and tools for example that may be being shipped with the main goods. If it is simply not practical to find a Chartered Engineer yourself then help is available on our provided contact nos.
Impairment of Assets
We also carry out the study of impairment of assets as per accounting standard 28 (AS-28) where the carrying cost of the assets is more than the net realizable / recoverable value. The study of impairment of assets carried out looking in to the following factors.
Decline in market value
Change in technological / economic / legal environment
Drop in net asset value more than its market capitalization
Change in technology (Evidence of obsolescence) and physical damage of the asset
Change in product mix / productions processes and restricting plans
Availability of high performance technology
Energy Audit
We also do energy audit. In the industry the energy is one of the major expenses / raw material the mounting energy bill affects the overall profitability of the organisation.
By studying the total function requirement, the working of machine its maintenance like
