Latest Services Latest Services Fri, 27 May 2022 14:19:10 +0530 en-us Regulatory Trade Compliance Fri, 03 Jul 2020 00:00:00 +0530 We are known to render several value added Regulatory Trade Compliance services to the service & manufacturing industry in field of import-export for meeting day to day regulatory compliance from different government departments. Legal Metrology consultant Fri, 03 Jul 2020 00:00:00 +0530 Ace Consulting Engineers  is a  professionally managed  Legal Metrology Registration consultant for  obtaining Model Approval Certificate as per the Legal Metrology Approval of Model Rules, 2011 of  Ministry of Consumer Affairs for Measuring & Weighing Instruments / equipment / devices.   Our company renders efficient Legal Metrology Consultancy services. We help clients for Registration in Legal Metrology Act. Our team provides complete assistance of registration keeping in view of the requirements of The Legal Metrology (Packaged Commodities) Rules.The Legal Metrology (Packaged Commodities) Rules, 2011 The Legal Metrology (Packaged Commodities) Rules, 2011 has been framed under section 52(2)(j) and (q) of the Act and has, since, been amended several times, the latest being made under Notification bearing no. GSR 359(E) dated 06.06.2013.(1st amendment of 2013). Every manufacturer or packer or importer  of packaged commodities require Registration under the Rule 27 within 90 days of starting business. A registration may be made with the Controller of the state where the factory is located Registration with any authority is valid throughout the country for items and for factories / premises mentioned in the Registration Certificate. Once registration is made, additions and alterations can be made by filing an application before the same authority. BIS Registration consultant Fri, 03 Jul 2020 00:00:00 +0530 ACE  is a  professionally managed BIS Registration consultant company for BIS Certification for Indian and foreign manufacturer who want to sell their product in India. Our qualified team renders end to end  BIS Certification services for IT and Electronics products. Compulsory Registration Scheme (CRS) contains a list of products that are mandatory to get BIS Registration Certificate before launching in India. All manufacturers need to apply for BIS Certificate, which assure that their products are safe for the consumers in India.   Consulting services for obtaining BIS Registration of Electronic & IT Equipments for Importers. CDSCO License & Registration Consultant Fri, 03 Jul 2020 00:00:00 +0530 Details : Offering Approval From Drugs Controller General India Medical device registration consultant Cosmetics Product registration with CDSCO for import of Cosmetics product in India. Medical Device Registration with CDSCO for import of Medical Devices in India. (where predicate Device is already available in India) Diagnostic Kit/ In-vitro Medical Device Registration with CDSCO for Import in India Drugs Registration & Import permission from CDSCO SUGAM Registration of Indian Agent/Importer on CDSCO Portal. Leasing of Machinery & Equipments Fri, 03 Jul 2020 00:00:00 +0530 Ace Consulting Engineers provide end-to-end support in selection of appropriate Lease type, Lease duration, Financial terms , determination of residual values, market value of equipment, tax responsibility including  calculation of Lease rents and Finalisation of Lease Agreements.   A lease in a simple terms is  an extended rental agreement under which the owner of the equipment allows the user to operate  make use of the equipment in exchange for periodic lease payments. In leasing terminology, the owner is the lessor, the user is the lessee. Leasing of equipments is largely  favoured by small businesses, which often have fewer options because of limited capital.   Types of Leases - The two most popular types of leases are operating and long-term or capital leases.   Operating leases are characterized by short-term where the lessor bears the risk of obsolescence and enjoys such benefits as depreciation. Long-term, also known as full payout or financial leases, are sources of financing for assets the lessee company wants to acquire and use for longer periods of time where the lessee is responsible for maintaining and insuring the asset. Consulting Services Fri, 03 Jul 2020 00:00:00 +0530 For Installation and Commercial Production Sat, 04 Jul 2020 00:00:00 +0530   Commissioning report for installed capital goods.   Verification of commercial production records.   Verification of working condition of machines as per FTP.   MNRE Chartered Engineer Services Sat, 04 Jul 2020 00:00:00 +0530 Naveen Arora – Chartered Engineer -  empanelled  with Ministry of New and Renewable Energy at sr. no. 7 of the approved list as per below link -   Chartered Engineer Certification services for finalisation and certification of  Bill of Material of Solar Power Developers for availing concessional customs duty benefits.    Chartered Engineer Certification of Bill of Material (BOM)   Solar Project Reconciliation by MNRE approved Chartered Engineer   For Useful Life under Company’s Act - 2013 Sat, 04 Jul 2020 00:00:00 +0530 Evaluation of  Nature of assets , maintenance schedule, working hours of the unit for ascertaining useful life of the plant. Componentization Analysis for claiming accelerated depreciation. Opinion report  in support of Tax Audit for  IndAS-16 accounting standards to ensure the depreciation is in line with the actual usage of assets. Compliance in order to fairly reflect in the balance sheet and income statement. Patent Registration Services Fri, 03 Jul 2020 00:00:00 +0530 Naveen Arora-  a registered Patent Agent for Patents & Designs with Office of Controller General of Patents, Designs & Trade Marks.   Patent and Design Registration Patent agent, being a person of expertise in a particular technical field has a strong understanding of the scientific and technical aspects of an invention.   Ace Consulting Engineers helps the applicant to secure his patent by critically contributing our technical skills and legal knowledge to respond to the rejection and queries from examiner. Our dedicated team of professionals render following services : - Charted Engineer Certification Fri, 03 Jul 2020 00:00:00 +0530 For Import of Second Hand Plants, Machinery and Spares Sat, 04 Jul 2020 00:00:00 +0530 Chartered Engineer Certificate in line with the Indian Foreign Trade Policy. Physical verification of goods as per Customs Examination orders. Representation before Customs Department as and when required. Evaluation of Technical Compliance for meeting Customs clearance criteria. For EPCG Scheme and Foreign Trade Policy Sat, 04 Jul 2020 00:00:00 +0530 Nexus certification of capital goods as per Appendix-5A End Use confirmation for Pre-Production , Production and Post Production stage. Verification of manufacturing process flow chart & justification of import. For Export of Defective Goods Sat, 04 Jul 2020 00:00:00 +0530 Assessment of faulty , defective , non-functional capital goods for the purpose of repairing or upgradation before export. Identity Establishment at the time of re import to prevent imposition of duplicate import duty as per Customs law. Asset Valuation Services Fri, 03 Jul 2020 00:00:00 +0530 To know Fair Market Value of Plant Machine & Equipment As per the International Valuation Standards, Market Value is the estimated amount for which an asset should exchange on the valuation date between a willing buyer and a willing seller in an arm’s length transaction, after proper marketing and where each party had acted knowledgeably, prudently and without compulsion.   Valuation for Orderly Liquidation An orderly liquidation describes the value of a group of assets that could be realized in a liquidation sale, given a reasonable period of time to find a purchaser , with the seller being compelled to sell on an as-is, where-is basis. Liquidation Value should take into account the costs of getting the assets into saleable condition , as well as those of the disposal activity   Valuation for Forced Sale Liquidation Where a seller is under compulsion to sell and that, as a consequence, a proper marketing period is not possible and buyers may not be able to undertake adequate due diligence. The price that could be obtained in these circumstances will depend upon the nature of the pressure on the seller and the reasons why proper marketing cannot be undertaken.   Valuation for Impairment Loss An impairment loss is the amount by which the carrying amount of an asset exceeds its recoverable amount. An impaired asset is a company's asset that has a market price less than the value listed on the company's balance sheet.   For Revaluation of Assets In Revaluation model, the fair value of plant , machinery and equipment is measured and reliably carried , being its fair value at the date of the revaluation deducting any subsequent accumulated depreciation and impairment losses. Revaluations are usually  made with sufficient regularity to ensure that the carrying amount does not differ materially from that which would be determined using fair value at the end of the reporting period.   Valuation for Transfer Pricing Audit Purpose Transfer pricing refers to the methods for pricing transactions within the  enterprises under common ownership or control. Because of the potential for cross-border controlled transactions to distort taxable income, tax authorities in many countries can adjust intragroup transfer prices that differ from what would have been charged by unrelated enterprises dealing at arm’s length. Valuation of Capital Goods viz machines and equipments are sought by the Tax Auditors to know the anticipated value of assets for the Transfer Pricing audit purpose.   Valuation for Insurance Valuation of assets is required for fixing of sum insured under fire and engineering class of business insurance policy . The valuation is generally provided on either of the  two methods: Indemnity basis or Reinstatement value basis as per the conditions of insurance policy.   Valuation for Disposal of Plant and Machines Asset disposal is the act of selling an asset usually a long term asset that has been depreciated over its useful life like production equipment. When companies dispose their equipments, it gains a salvage value or residual value which can be a gain or a loss per the books. For End Use Certification of Imported Machines Sat, 04 Jul 2020 00:00:00 +0530 Technical Opinion Reports for confirming the end use of capital goods. Evaluation Reports for selection of HSN /  CTH code as per Customs law. For Export of Old & Used Capital Goods Sat, 04 Jul 2020 00:00:00 +0530   Evaluation of second hand capital goods before Export for Customs assessment. Ascertaining the Working Condition and Residual Life for qualifying country specific requirements. Conforming the guidelines of MOEF&CC on Hazardous or E-Waste.   For Govt. Subsidy & Incentive Schemes Sat, 04 Jul 2020 00:00:00 +0530 MSIPS , SPECS , PLI Schemes of Electronic Manufacturing PMKSY scheme of MOFPI   Date of start of commercial production. Evaluation Report for the plant & machinery installed, the price is as per the market value and the same are being used for the manufacturing of products as applied and approved under SPECS. Assessment of  leased assets and ascertaining the nature of a financial lease within the meaning of Accounting Standard 19 – Leases or Indian Accounting Standard (Ind-AS) – 116 Leases. Fair Valuation of  used / second hand / refurbished plant, machinery and equipment including for associated utilities and R&D, whether imported or domestically procured. Residual Life Certification of  used / second hand / refurbished plant, machinery and equipment including for associated utilities and R&D. Fair Valuation of tools, dies, moulds, jigs, fixtures including parts, accessories, components and spares thereof. Fair Valuation for reasonableness cost of plant, machinery, equipment and associated utilities self-fabricated including certification of the material cost. PMKSY Consultancy Services Fri, 03 Jul 2020 00:00:00 +0530 Preparation of Detailed Project Report on the basis of inputs provided by the applicant. Preparation and Filing of Application based on the prescribed guidelines of MOFPI Notifications.   For Mega Food Park Schemes # Cold Chain Schemes # Creation / Expansion of Food Processing / Preservation Capacities Scheme # Agro Processing Cluster Scheme   SPECS Consultancy Services Fri, 03 Jul 2020 00:00:00 +0530 Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors. Application can be filed from 01/04/2020 till 31/03/2023 through online portal. Till the time online portal is not created , the application can be filed physically toIPHW Division, Ministry of Electronics & Information Technology, Electronics Niketan, 6 CGO Complex, Lodhi Road, New Delhi – 110003.  The capital investment incurred during the period of 5 years from the date of Prima Facie Acknowledgment will only be considered for Incentive. Upon successful submission of an application, PMA will issue a unique Application ID and password to the applicant for all future activities pertaining to the Scheme.   ACE CONSULTING ENGINEERS render professional services as per the guidelines of Ministry of Information & Technology, New Delhi (according to the  Notification No. CG-DL-E-01042020-218991 dated 01.04.2020 in Part-I, Section 1 of the Gazette of India (Extraordinary) [ F.No.W-18/30/2019-IPHW-MeitY ] and Guidelines Dated 01/04/2020. Detailed preliminary discussion with concerned team members of the applicant to understand technicalities of products and other required information as per prescribed notification and guidelines. In depth study of the proposed project & products to ascertain the proper verticals. Sharing the comprehensive check list to compile the documents in line with the department guidelines. Initial Plant visit to evaluate and carry out micro study about the proposed project Feasibility study of the manufacturing facilities for preparing DPR. Micro level verification of all documents/statements/data provided by the applicant. Generation of on line user id and password through  SPECS portal for the applicant. Preparation of Detailed Project Report on the basis of inputs provided by the applicant. Preparation and Filing of Application based on the prescribed guidelines of SPECS Notifications. MSIPS Consultancy Services Fri, 03 Jul 2020 00:00:00 +0530 Ace Consulting Engineers render professional services for the applicants of ESDM ( Electronics System Design & Manufacturing Sector ) under Modified Special Incentive Package Scheme ( M-SIPS) for preparation of Detailed Project Report and filing of online application for obtaining Letter of Approval from MeitY. Once the M-SIPS application is approved , we further assist the applicants for realisation of incentives as per the Guidelines for Disbursement of Incentives dated 04 June 2014.   Chartered Engineer For Export of PPE Medical Coveralls Sat, 04 Jul 2020 00:00:00 +0530 We undertake survey & assessment of raw materials used for the production of PPE Medical Coveralls to fulfil the export criteria vide DGFT Trade Notice No.17/2020-21 dated 29 June 2020 as per the below link.   The eligibility criteria for issuance of Export License by DGFT includes requirement of Chartered Engineer’ Certificate that the fabrics used in the PPE medical coverall has be manufactured in India.