Manufacturing
Inventory valuation, cost accounting, capital allowances and an input tax credit chain that runs across states.
Industries
Gems & Jewellery
Inventory valuation and physical control, hallmarking and PMLA obligations, gold loan and metal exchange arrangements.
Overview
The sector combines very high value density with historically informal practice, which makes inventory control and the audit trail on movement the central questions. It is also a reporting entity for anti-money-laundering purposes above prescribed thresholds.
What comes up
Issues we are asked about
- Inventory valuation, making charges and wastage norms
- Physical verification and custody controls over high-value stock
- PMLA reporting obligations for dealers above threshold
- Gold metal loan and unfixed price arrangements
- Hallmarking compliance and import documentation
Other sectors
Also frequently asked about
Technology & SaaS
Revenue recognition over time, export of services, ESOP accounting and cross-border withholding.
Financial Services
Regulatory reporting, expected credit loss, capital adequacy and a control environment under close supervision.
Advice for gems & jewellery
Tell us what you are dealing with and we will point you to the person who knows the sector.