A chartered engineer is a licensed professional who develops solutions to complex engineering problems. They use new or existing technologies and perform technical analyses to create solutions that link scientific discoveries to commercial applications.
CHARTERED ENGINEER SERVICES: ROLES AND RESPONSIBILITIES OF A CHARTERED ENGINEER
Chartered Engineers acquire skills and abilities for providing financial advice and solutions to engineering problems, considering new and existing technologies. Chartered Engineers use innovation, and creativity to develop appropriate solutions. They are exclusively involved in technical and commercial leadership and have effective and efficient interpersonal skills.
Chartered Engineers are well-versed in various types of scraps that you might desire to export or import, having in-depth knowledge about what type of machinery is eligible and fit to be transported. A Chartered Engineer must be a member of the Institution of Engineers (India) and have more than 5 years of experience in the field. All these qualities reflect their credibility and make them the right authority for judging whether a scrap of metal should be transported to and fro the country or not.
A Chartered Engineer Certificate provides the following details:
The responsibilities of a chartered engineer differ according to the area they specialise in. Some of the general duties they perform include:
The responsibilities of a chartered engineer differ according to the area they specialise in. Some of the general duties they perform include:
Conduct failure analyses
Chartered engineers perform failure analyses to determine the cause of a failure and carry out corrective actions. Failure analysis involves collecting and analysing data related to the product or structure and identifying where the fault occurs. By conducting failure analyses, chartered engineers can improve the reliability and lifecycle of a product in the production phase.
Develop economical solutions
As a chartered engineer, you're responsible for developing solutions that have economic viability. This means the return rate on the product exceeds its economic costs. It's important to note that economical solutions account for more than just the financial cost of product development. External costs such as the effect on the environment are also important. In simple terms, the aim is for future worth to exceed the present worth.
Provide consulting services
Since chartered engineers are professionals in their field, they usually provide third-party companies with expertise on a particular matter. They help clients define problems or solutions and recommend the best course of action. Chartered engineer consulting services sometimes extend beyond advice and involve implementing a product for the third-party company.
Integrate product components
Each product component usually goes through vigorous testing and processing before the final product stage. This allows chartered engineers to determine how subsystems or components interact with the system environment under natural and controlled circumstances. Once tested, chartered engineers ensure each component is seamlessly integrated according to the product specification. Only through seamless integration can you guarantee a balanced system that operates efficiently and has an elegant structure.
1. Legitimacy and Credibility: A Chartered Engineer certification provides legitimacy to a real estate project and gives credibility to the developer. This certification assures buyers and investors that the project meets the highest standards of engineering excellence.
2. Risk Mitigation: Chartered Engineers are trained to assess risks and ensure a project is safe and secure. By obtaining Chartered Engineer certification, the developer can mitigate risks associated with the project, such as structural defects or hazards, and avoid potential legal issues.
3. Cost Savings: Chartered Engineers can help identify cost-saving measures and ensure that the project is completed within budget. This certification can also prevent delays and minimize unexpected expenses by providing expert guidance and oversight throughout the project lifecycle.
4. Compliance with Regulations: Chartered Engineers are knowledgeable about local, national, and international regulations and can ensure that a real estate project is compliant with all applicable codes and standards. This can help avoid penalties and fines associated with non-compliance.
5. Improved Marketability: Chartered Engineer certification can enhance the marketability of a real estate project by providing a competitive advantage over other projects. Buyers and investors are more likely to invest in a project that has been certified by a Chartered Engineer, as it provides reassurance that the project has been thoroughly reviewed and is of high quality.
In summary, Chartered Engineer certification can provide several benefits for a real estate project and the developer in India, including legitimacy and credibility, risk mitigation, cost savings, compliance with regulations, and improved marketability.
Chartered engineers are responsible for certifying the value of goods and equipment for exemption from various customs and other duties. With their qualifications and experience, chartered engineers help the industry in import-export plants and machinery, fixation of norms with DGFT, and other import export-related issues.
EPCG License (Export Promotion Capital Good Scheme)
Applying for EPCG License, a certificate from the independent Chartered Engineer certifying the end-use of the capital goods for import to be used in manufacturing at any stage of production undertaken for an export obligation is required.
Installation Certificates
Exporter has to submit the Installation Certificate of Capital Goods imported under EPCG within the stipulated to RA DGFT to ensure easy and smooth redemption of Export Obligation.
Import to SEZ
Special Economic Zone (SEZ) is a duty-free zone deemed to be foreign territory for trade operations, duties, and tariffs. A Chartered Engineer Certificate must confirm the authorization and approval of the countersigned exporters import and export.
Chartered Engineers Certificate for second-hand plants and machinery exported to India
Having a CE Certificate is essential for the clearance of second-hand plants and machinery imported into India. The certificate confirms the state of goods, its future life, contents, and a value assessment of duties or customs.
Pre-shipment inspection
This process includes verifying the quality, quantity, market price currency exchange rate, and financial terms. This is a mandatory stage for obtaining an import certificate for the shipment and its clearance.
Advance License
This is provided for importing inputs without paying basic customs duty. Advance license may be value-based or quantity-based. A Chartered Engineer needs to certify that the inputs imported without paying customs are in order.
Export of defective parts
A Chartered Engineer shall certify that a specific part of the machinery imported cant be repaired in India and needs to be returned to the manufacturer of supplier for repairs and further to be reimported.