Case Study : How we helped a three-decade old firm save Millions of Rupees in one financial year

With Bizbrains, we have always been educating people about new schemes, policy changes & analysis. Be it liquidity crisis, trade policies change due to diplomacy  & dynamic relations, or simply put the economic & trade updates in front of you so it answers your curiosity while serving you a good value!

If you are wondering about ‘How a good consultancy can save you millions of rupees!‘ or ‘How can I save millions of rupees while trading?’ that can be true, we will cover it this time, so let’s get started!

A li’l bit of background…

In all our posts, we try to make our readers more and more aware of trade policies and benefits that we come across.

We have also talked a lot about how to milk the benefits of schemes and how to keep yourself from falling flat. In this ever-changing global scenario of trade and business and developing economy scenario, frequent changes in policies are almost inevitable.

# However, two things that always remain constant are –

• Trade activities to boost businesses and economy
• Saving bottom line of a firm is one of the top priorities in any business activity

Today, we shall be looking upon how we helped a three-decade old firm save millions of rupees in one financial year. For confidentiality, we shall maintain anonymity while naming the firm. The firm manufactures and exports engineering items and is based in Gujarat.

# First things first : Company Background –

To understand the use-case better, it better to know the context. The company’s turnover in the financial year was about INR 30 Crores from the export and with our expertise and help they were able to save more than INR 50 Lakhs or 5 Million.

Now, how are we different? How did we manage to help them save so much?

•  We did a complete analysis and research on the company’s business to ensure the details
•  We looked at the entire supply chain which includes import of raw materials, their shipping and transport, export of finished goods etc., to ensure that they are able to avail benefits from every possible scheme at various stages of supply chain
•  Our focus was not only on the given incentive but on multiple incentives and how could we couple them together so as to save them maximum. For example – Duty Drawback and Advanced Authorisation cannot be coupled together but with smart understanding of the schemes and the supply chain, we could use them together to get the maximum benefits
•  We focused on educating our clients and not just on informing about the schemes/incentives available. By looking at the gaps that might have occurred while applying for the schemes, we addressed the problems from the roots and not just superficially