Chartered Engineering Services

By Author: Vandana Agarwal
Total Articles: 8
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Chartered Engineers find answers to engineering problems using new or existing technologies in creative and innovative manner. If you might be developing these technologies, promoting advanced designs and methods, introducing more efficient production techniques or pioneering engineering services. You must be able to demonstrate your ability to develop appropriate solutions to engineering problems, using new or existing technologies, through innovation, creativity and change. Sapient has a team of professionals that by its virtue of extensive market knowledge can suitably guide the investors to appropriate choices.
Lender's Independent Engineers
An Independent Engineer, also known as the Lender's Engineer, it is a term often given to the engineering representative of the lender, or financier, of a large capital project.
Lender’s engineer services are provided in four phases:

• Review and assessment of project documents
• Project monitoring during construction
• Plant performance testing
• Periodic review of plant operations

Fixed Assets Componentization

Separation ...
... of the Fixed Asset into various parts can have special benefits for the company in asset tracking and fixed asset refund.

‘Componentization’ is a process that is generally used for Property, Plant and Equipment, where fixed assets have major identifiable components with substantially different useful lives are identified and these assets are treated as separate components and depreciated over their different useful lives.

Stock Audit (Receivable Audits)

Stock audit, it is considered as an important auditing term which refers to the physical verification of the inventory. However at times, it may also involve the valuation of the inventory but it would depend on the terms of reference or the engagement letter of the assignment. When heading forward, it is important to remember and keep in consideration the purpose for which the audit is being conducted because different audits may have different approach which would ultimately depend on the aim.
In other words, stock audit is a statutory process which every business institution needs to perform at least once in a financial year.

Certification for EPCG License

EPCG Scheme (Export Promotion Capital Goods Scheme) is for Duty-free import of Capital Goods/Machinery for producing high-quality goods and services. And the EPCG Scheme comes with the Export Obligation to export finished goods produced from imported capital machinery equal to 6 times of actual duty saved within a period of 6 years from the License issued date.

Installation certificates
The certificate generated by the Independent Chartered Engineer/Customs Authority is called the Installation Certificate under EPCG.

Fixed Assets Verification

Verification of fixed assets consists of examination of related records and physical verification. Physical verification of assets is a process conducted by auditors to make sure that the assets of an entity actually exist. It is of immense importance for every business to carry out this process at the end of every financial year. Our approach to verification is to conduct a line-by-line reconciliation of fixed assets accounting records to assets found during the physical inventory taking process.

For more information: Chartered Engineering Services