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Reconciles 30 years of transactions
Responds to and closes audit queries
Reduces penalties to acceptable levels
The client is a 3-decades old trader in Electronic Equipment at the Free Trade Zone.
They received an audit enquiry from UAE Customs.
Company clocks more than 5,000 transactions a year
Their inventory does not match that with the Customs
They are unsure how to tackle the problem.
BASCC attacks the problem
Details all the transactions, reconciles the import and export, and digs out the stock data in a diligent manner
Analyzes all the data to figure out the gaps between imports and exports
Identifies and lists the reasons for the information gaps over several meetings with the client
Prepares and sends a detailed report with the reconciled data and reasons for the differences, to UAE Customs
Customs inspects thereport and satisfies itself
The client gets off witha light penalty.
