Job Description
The Context / Purpose of the Job:
The position is the first point of contact for TMILL, the sister concern of TSL, handling the logistics for Imports & Exports of TSL. This position is responsible for providing eligibility guidelines for different import benefits like EPCG/ PEEPCG, FTA and Duty drawback during the Bill of entry/ PO creation stage. The position will also play a critical role in determining RODTEP/SEIS eligibility and update master database. The position needs receive all information regarding RODTEP/SEIS application and inform the Lead-FTB in case of any issue. The incumbent is also expected to maintain the master database of benefits and resolve critical queries of TMILL, DGFT or other stakeholders on application process for import benefits, redemption, export obligations etc. He/ She must ensure timely updation of master, basis any reconciliation amount of duty drawback from the bank.
The role holder also compares projections and prepares recommendations to EPCG Steering Committee to opt for EPCG/ PEEPCG benefit and accordingly intimates to Procurement and Project team. The position plays a primary role in maintaining checklist and conducting periodical review of import benefits around areas like (application, redemption, documentation, duty & interest payable etc.). He/ She also provides guidelines and monitors non-EDI claim application for Duty drawback. The position is expected to seek sign off and arrange for CA certificate for reduction in average export obligations. The role holder also provides guidelines on obtaining installation Certificate and ensures submission of the same.
The incumbent will conduct periodical review of computation of RoDTEP/ SEIS benefits and be responsible for resolving queries related to export documents or any such critical queries raised by DGFT. In case the employee is unable to resolve any critical queries, the position shall seek support of Lead-FTB. The position shall maintain and update FAQ with common queries raised.
The position needs to be updated on import laws and regulations and assist Lead-FTB to ensure incorporation of necessary changes on the existing SOPs. The position is responsible to discharge all Foreign Trade Benefit transactions with 100% compliance in line with agreed SLAs. The position needs to maintain and update master database for Import and Export benefit and Import and Export licence. The position needs to recheck eligibility as per Benefit Master and eligibility guidelines and raise query for any eligibility doubt and consult with Lead-FTP. The incumbent needs to prepare and submit online application for EPCG/ PEEPCG, RODTEP/ SEIS and make necessary payments and arrange for as well as submit necessary hardcopies.
The position will also provide authorization for receipt of RODTEP/SEIS license from DGFT. Moreover, the incumbent will prepare guidelines to review license contents, application amendments and conduct periodic review of registration and utilization of licenses.
In addition, the position is expected to draft guidelines for preparing RODTEP/SEIS License Master Report (License registration & utilization status) and undertake periodic review of the same. The position needs to review accounting entries for license received, accrual entry (net of receipts for earlier month) & business area transfer entry.
The incumbent will be responsible for receiving deficiency letter/ queries from DGFT & draft response in discussion with Lead-FTB. The position needs to ensure receipt of benefit licence from DGFT. The position will also conduct review of licences contents and apply for amendments if any.
The position will be responsible to send utilization details to relevant business area for booking of utilization entries. The position will be required to maintain database in the form of excel to track installation certificate; In case of delay, the incumbent will prepare application to be filed before DGFT, make necessary fee payment and submit Installation Certificate with DGFT once obtained by PM team.
In addition, the position is expected to prepare and submit application, fees for time extension required, if any for EO fulfilment. The position will be responsible for collation of Import docs, Export docs, other docs in liaison with TMILL, EL, EAG, verifying them and the initiate workflow for any corrections.
The position needs to prepare application for claim of drawback (non-EDI), reconcile receipt of drawback amount in bank, keep track of unreconciled cases and update master database.
Moreover, this position will need to prepare and file application to obtain CA certification. The position shall be responsible for timely recording of all entries such as license received, accrual entry (net of receipts for earlier month), business area transfer entry. In addition, it will assist Lead-FTB in drafting preliminary responses to the queries raised by statutory authorities/ internal audit team in matters related to import benefits.
The incumbent requires dealing with all levels across the organisation on a regular as well as need basis for gathering their views and understanding opportunities for improvement.
Key Responsibilities: Conduct periodic review and provide guidelines on import benefits with respect to eligibility guidelines, application and redemption process etc. Maintain benefit master at PO stage; review and control MIS reports related to import benefits. Conduct comparisons of projections and accordingly provide recommendations to Steering Committee on import benefits to opt for. Support Lead FTB with updates on import/ export benefits policies, RoDTEP/ SEIS application and assist in SOP updation. Oversee sign off process for CA certification for reduction in average export obligations. Provide guidelines for obtaining installation certificate and monitor tracking and submission of the same. Keep updated on import/ export benefits policies and assist in knowledge management sessions. Assist in drafting preliminary responses to the queries raised by statutory authorities/ internal audit team in matters related to import/ export benefits. Provide checklist and guidelines for verification of export shipment documents and bank remittance certificates. Determine RoDTEP/SEIS eligibility and update master database. Conduct periodical review of computation of RoDTEP/SEIS benefits. Attend and resolve queries related to export documents or any such raised by DGFT; Maintain and update FAQ with common queries for their respective business. Provide authorization for receipt of RoDTEP/SEIS license from DGFT. Provide guidelines for review of license contents and application amendments. Conduct periodical review of registration and utilization of licenses. Provide guidelines for preparing RoDTEP/SEIS License Master Report (License registration & utilization status) and periodically review the same. Conduct periodical review of accounting entries for license received, accrual entry (net of receipts for earlier month) & business area transfer entry. Review other miscellaneous activities like IEC amendment, RCMC renewal, export award and MMTC certificate arrangement. Run master report for import/ export benefits. Maintain for import/ export benefit license database. Recheck eligibility as per Benefit Master & eligibility guidelines; Raise query before CoE for eligibility doubt in consultation with Lead-FTP. Prepare and submit online application for EPCG/ PEEPCG, RoDTEP/ SEIS. Also arrange for and submit necessary hardcopies. Make necessary payments. Receive deficiency letter / queries from DGFT and draft response in discussion with Lead-FTP. Ensure receipt of benefit licence from DGFT. Review licences contents and apply for amendments if any. Send utilization details to relevant business area for booking of utilization entries. Maintain database in the form of excel to track installation certificate; In case of delay, prepare application to be filed before DGFT, make payment of fees. Submit Installation Certificate with DGFT once obtained by PM team. Prepare and submit application and fees for time extension required, if any for EO fulfilment. Responsible for collation of import/ export and other documents from TMILL, EL, EAG adhering to SLA; Verify documents and initiate workflow for any corrections. Prepare application for claim of drawback (non-EDI); Reconcile receipt of drawback amount in bank & update in Master; Keep track of unreconciled cases. Prepare, file application to obtain CA certification. Responsible for timely recording of all entries such as license received, accrual entry (net of receipts for earlier month), business area transfer entry.
Required Candidate profile
Work experience in Finance & Accounts