Payments & Revenue Management
Payment Processing
- Maintain records of revenue collected from duties, taxes, excise, fines, deposits and other charges;
- Supports multi-currency transactions;
- Track payments against outstanding liability at prescribed timings / schedule, and generates alerts to declarant and Customs (or concerned authority);
- Update Exchange rates online periodically;
- Provide deferment schemes for various Customs processes, e.g. for authorized Traders;
- Allows repayment of duties and taxes;
- Create and manage revenue accounts, collection accounts and customer accounts;
- Allows to introduce new duty types, calculating formula to the system;
- Generates bill for payment due;
- Sends required notification related to any payment to the authorized user;
- Online payment gateway for different types of payment modes such as cash, cheque, credit cards, bank receipts or from a customer account;
- Keeps track of payable duties of taxes, resulting from assessments, adjudications, appeals or expiry of guarantees;
- Issue legal notices to concerned persons;
- Link to payments system and reconciles payments and recoverable dues;
- Keep log of all outstanding dues;
- Allow to define various action and steps as per law, such as blocking release of subsequent consignments, adjust against repayment claims, encash securities, de-activate user IDs, and suspend licenses;
- View payment details for credit and debit account;
- Automatically generates payment receipts after payment collection.
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