Commercial & Export Financing
- L/C Management: Track Back-to-Back Letters of Credit (L/C), Export L/Cs, and tracking banking instruments.
- Banking Operations: Maintain relationships with commercial banks to negotiate conversion rates, resolve bill discounting, and manage short-term working capital.
- Incentives Tracking: Finalize cash incentives and export subsidies documentation provided by government authorities.
Cost Accounting & Budgeting
- Order Costing: Audit the consumption data (fabric, trims, accessories) against final shipment values to determine exact profit margins per order/buyer.
- Variance Analysis: Compare actual factory overheads (electricity, fuel, machinery repairs) against planned operational budgets.
- Wastage Auditing: Monitor fabric and yarn wastage percentages during cutting, knitting, and dyeing phases to control losses.
Tax, VAT & Statutory Compliance
- Tax Filing: Independently manage monthly/annual corporate tax return submissions, assessments, and dispute hearings.
- VAT Assessments: Ensure correct submission of VAT central returns, processing of rebate claims, and coordination with Customs, Excise, and VAT authorities.
- Bonded Warehouse Audits: Oversee customs audit logs, maintaining input-output coefficients for duty-free raw material imports.
Payroll & Treasury Management
- Factory Payroll Audit: Cross-verify the monthly wages, overtime logs, and festival bonuses for thousands of factory workers alongside the HR department.
- Cash Flow Monitoring: Ensure day-to-day liquidity to handle immediate local procurement bills, transport/C&F bills, and supplier payouts.
