Automatic Download Customs Duty Payment Receipts

Importers have to pay customs duty at the time of importing goods from outside India. Customs duty has to be paid via Indian Customs Electronic Gateway (ICEGATE). During the return filing, the importers have to download customs duty payment receipts from ICEGATE and attach with the return.

However, it is a burdensome process as there are 100s of challans to be downloaded from the website, which leads to higher cost and more time involved. 

Solution

Taxology, through its automated solution, TaxBot, lets you download customs duty payment receipts. It can download 1000s of receipts in a few clicks. The user has to enter Port No and Bill of Entry (BOE) details in the excel sheet, and TaxBot does the rest work. 

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Data Reconciliation – Around the world

Machine Learning in Reconciliations

Winning in financial services is increasingly about the speed and accuracy of data normalization and reconciliation. Banks, asset managers, custodians, broker-dealers, portfolio managers, market utilities, etc. are all fundamentally data-driven. Thousands of employees onboard, match, compute and report massive quantities of data every day across every part of the business.

Expensive Reconciliations

Executives must be able to trust their data to make informed business decisions.  Trusting data requires it to be verified against trusted sources.  Verifying against trusted sources requires reconciliation… in real-time at velocity, at complexity, at voracity.

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