Verity for importers

An importer pays for goods twice: once to the supplier, and again in every day they spend stuck between ship and shelf.

An import deal is made of many small dates and documents: the advance, the bill of lading, the Bill of Entry, the duty, the free days, the truck to the warehouse. A missed date turns into demurrage. A wrong cost turns into a thin margin you only discover after selling. Verity ties the supplier, the shipment, the papers, the duty and the stock to one record, so you can see the true landed cost and the next deadline for every container.

Verity in one line

One system that knows every supplier advance, every container, every document and every rupee of landed cost.

See your import business in Verity See the 14 problems we solve

Free: we set up a working demo of your own business, on your own data, within 7 days. You pay only if your team decides to use it.

Built for a small team where one person holds the shipments in their head. The records come from the documents and messages your team already handles.

Verity / Imports / Today

Head office: Mumbai

Live

Shipments open

14

6 at sea, 3 at port

Free days under 3

2

containers

Advances out

₹86.4 lakh

5 suppliers

Overdue dues

₹1.1 crore

7 customers

Landed cost against price list, per unit

  • Item A, price ₹212Cost ₹178
  • Item B, price ₹95Cost ₹74
  • Item C, price ₹140Cost ₹135
  • Item D, price ₹60Cost ₹63, below cost

Item D now costs ₹63 landed against a price list of ₹60.

Review price
  • Duty due 1 Nov for 6 Bills of Entry₹22.8 lakh on the monthly routePlan cash
  • Container MSKU 4471 free time ends in 2 daysCertificate pending from supplierChase

Illustrative screen with sample figures. Yours is set up with your own shipments, duty, advances, landed cost and dues.

How it runs today

Most importers run on one trusted person, a lot of email and a customs broker.

The deal starts with a proforma invoice and an advance. The goods ship. The supplier emails the documents. The broker files the Bill of Entry and sends a duty figure. The shipping line sends arrival notices. The goods reach the warehouse, and the real cost is worked out later, if at all.

The facts that matter sit in different places: the payment in the bank advice, the documents in an email thread, the duty in the broker's note, the free days in a shipping line message, the stock in a warehouse sheet.

Rules add dates. Import payments to overseas suppliers are generally expected to be completed within a set period of the shipment. Customs has its own forms and, from 2026, new options such as monthly deferred duty payment for eligible importers. Someone has to know which applies to which shipment.

What most importers run on

  • Email threads with suppliers and brokers
  • Excel for shipments, costs and dues
  • Bank advices and remittance records
  • Accounts software
  • WhatsApp with brokers, transporters and the warehouse

Each tool is used well. The shipment, its cost and its deadlines are in none of them as one record.

14 problems, one by one

Where an import business actually loses money.

These are the situations importers and their finance heads describe again and again. For each: what it looks like on an ordinary day, what it costs, and what Verity does about it.

  1. 01Shipments

    Nobody knows where each container is

    What it looks like

    Five containers are at sea, two are at port and one is on a truck. The tracking links are in five emails. A customer asks for a date and the answer takes an hour.

    What it costs you

    Customers who cannot get a date place the order elsewhere, and the team spends its day answering where is my container.

    How Verity fixes it

    Each shipment is a record with supplier, order, vessel or flight, container, expected dates and status. Verity shows all shipments by stage on one board, with the date each one needs a decision.

    See the screen
  2. 02Documents

    A document is missing or wrong and the container waits

    What it looks like

    The bill of lading says one consignee name, the invoice another. The packing list quantity differs by a carton. The broker holds the filing until the supplier corrects it.

    What it costs you

    Every day of correction can be a day of port charges, with a customer waiting for the stock.

    How Verity fixes it

    Each shipment has a document checklist: invoice, packing list, bill of lading, certificates and others needed for the product. Verity compares key fields across them, lists mismatches and assigns the correction to the person who owns the supplier.

    See the screen
  3. 03Port charges

    Free days run out and demurrage starts

    What it looks like

    The vessel arrives early. The free time at the port is short. The Bill of Entry was not filed because a certificate was late, and charges start.

    What it costs you

    Demurrage is charged per container per day after free time. Example arithmetic: ₹5,000 a day on 4 containers for 6 days is ₹1.2 lakh, a cost that did not need to exist.

    How Verity fixes it

    Each container shows its free time end and the steps still pending to clear it. Verity lists containers by days left and creates tasks for the broker, the transporter and the warehouse. Staff chase; the dates are visible to all.

    See the screen
  4. 04Port charges

    The container is out of the port but not back

    What it looks like

    The goods were delivered to the warehouse. The empty container sits at the factory for a week because nobody was assigned to return it.

    What it costs you

    Detention is charged for holding the carrier's container past free time outside the port, separately from demurrage.

    How Verity fixes it

    Each container has a return task with a due date and an owner, raised when it leaves the port. Verity shows containers still out and the days left.

    See the screen
  5. 05Costing

    The real landed cost is known only after the goods are sold

    What it looks like

    The price list was set from the supplier's invoice and a rough duty. Freight, insurance, port charges, clearing fees, transport and exchange rate moved. Margin is checked quarterly.

    What it costs you

    Example arithmetic: a ₹100 invoice value that becomes ₹138 landed, quoted at ₹135, loses money on every unit.

    How Verity fixes it

    Each shipment collects every cost line: goods, freight, insurance, duty, port charges, clearing and transport at the actual exchange rate. Verity spreads it across the items and shows landed cost per unit and margin at today's price list.

    See the screen
  6. 06Customs and duty

    Duty is paid without a clear view of what was assessed

    What it looks like

    The broker sends one duty amount for the Bill of Entry. Nobody checks it against the classification used last time. A later notice asks for more.

    What it costs you

    Wrong classification or valuation can lead to retrospective duty demands, interest and penalties. Customs law now calls a voluntary settlement of short-paid duty a charge for non-payment of duty, equal to the earlier reduced 15 percent levy.

    How Verity fixes it

    Each item records its classification, the rate and the duty assessed on past Bills of Entry. Verity compares a new shipment with earlier ones and flags a changed rate or value for the owner to ask the broker about. Any advance ruling is stored with its validity.

    See the screen
  7. 07Money

    Duty cash goes out earlier than it needs to

    What it looks like

    Duty is paid shipment by shipment at clearance. For eligible importers, the deferred payment facility has widened, but nobody has checked whether it fits this business.

    What it costs you

    Duty paid early is cash tied up. Example arithmetic: ₹40 lakh of duty paid a month early at 12 percent a year costs about ₹40,000.

    How Verity fixes it

    Duty due on each Bill of Entry sits on a calendar, showing the payment route and due date. Verity totals what is due by month so the finance head can plan cash and see when a monthly payment falls.

    See the screen
  8. 08Suppliers

    Supplier advances are paid and then forgotten

    What it looks like

    A 30 percent advance goes out for an order. Production at the supplier slips. Three months later the goods are late and nobody remembers the terms agreed.

    What it costs you

    An advance with no delivery is a loan to a supplier with little recourse. Recovery from an overseas supplier is hard.

    How Verity fixes it

    Each order records the advance, the date, the agreed shipping date and the refund terms. Verity lists advances by age and orders overdue to ship, and creates a follow-up task for the person who owns that supplier.

    See the screen
  9. 09Money

    Overseas payment dates and bank records do not match the shipments

    What it looks like

    The bank remits against an invoice. The Bill of Entry is filed later. Which remittance covers which entry is only worked out when the bank asks.

    What it costs you

    Import payments are generally expected to be completed within six months of shipment, with extensions only through the bank. A mismatch means bank queries and a scramble to find documents.

    How Verity fixes it

    Each remittance is linked to the order and shipment, with the shipment date and the Bill of Entry. Verity lists shipments with payments near the generally expected six month point, so the finance head acts early.

    See the screen
  10. 10Money

    Exchange rate moves between the order and the payment

    What it looks like

    An order is priced in dollars when the rupee is at one level. By payment, it has moved. The finance head learns the gain or loss from the bank statement.

    What it costs you

    A rupee move of 2 to 3 percent on a large order can be larger than the whole margin.

    How Verity fixes it

    Each order records its currency, amount, rate at order and the rate at payment. Verity shows exposure across open orders and the cost effect at today's rate. Verity does not hedge or buy currency.

    See the screen
  11. 11Quality

    Quality problems show up after the goods arrive

    What it looks like

    A batch of imported goods is found defective at the warehouse. The inspection report was a photo on WhatsApp. The supplier disputes the claim.

    What it costs you

    A claim without a record trail is a claim you lose, and the stock sits unsold.

    How Verity fixes it

    Inspection reports, photos and claims are records on the shipment and supplier. Verity shows the claim, the documents and the supplier's reply, and tracks the credit or replacement through to settlement.

    See the screen
  12. 12Stock

    Stock arrives and sales does not know what is available

    What it looks like

    A container is cleared, but the warehouse sheet is not updated for two days. Sales quotes the same item as out of stock.

    What it costs you

    A lost sale for stock that was sitting in the warehouse.

    How Verity fixes it

    Receipt at the warehouse updates stock against the shipment and landed cost. Sales sees what is cleared, what is in transit, and what is reserved for orders.

    See the screen
  13. 13Money

    Customers pay late while suppliers are paid on time

    What it looks like

    The importer pays the overseas supplier on the due date and carries customers on 60 to 90 days.

    What it costs you

    Example arithmetic: ₹1.2 crore outstanding beyond 60 days financed at 11 percent a year costs about ₹1.1 lakh a month in interest.

    How Verity fixes it

    Invoices are tracked against due date and customer's usual payment days. Verity lists overdue amounts by customer and age with the person who owns the relationship, and creates follow-up tasks. Staff make the call.

    See the screen
  14. 14Owner

    The owner sees profit only after the goods are sold

    What it looks like

    The owner asks which shipments are still open, which are making money and what cash is tied up in transit. Each answer needs a different person.

    What it costs you

    Decisions about what to order next run on feel.

    How Verity fixes it

    One morning screen with shipments by stage, free days left, advances outstanding, duty due, landed cost against price, and dues.

    See the screen

The numbers behind it

The numbers that make these problems worth fixing.

From published sources, with the source named under each figure. Your own numbers will differ, and showing you yours is the first thing Verity does.

The trade figure is provisional and from a secondary site quoting the Commerce Ministry. The customs changes are from a professional journal's summary of Budget 2026, so confirm each with your customs broker or the CBIC notification.

What you will actually see

The screens you would use every day.

Five views, each built for one job. Names, columns and terms are set up in your import business's own language.

Screen 1 of 5

The owner's morning view

Shipments by stage, free days left, advances out, duty due and customer dues on one screen, with the items that need a decision under it. It replaces the round of emails with the broker and the warehouse.

Fixes

  • 07 Duty cash goes out earlier than it needs to
  • 14 The owner sees profit only after the goods are sold

Verity / Imports / Today

Head office: Mumbai

Shipments open

14

6 at sea, 3 at port

Free days under 3

2

containers

Advances out

₹86.4 lakh

5 suppliers

Overdue dues

₹1.1 crore

7 customers

Landed cost against price list, per unit

  • Item A, price ₹212Cost ₹178
  • Item B, price ₹95Cost ₹74
  • Item C, price ₹140Cost ₹135
  • Item D, price ₹60Cost ₹63, below cost

Item D now costs ₹63 landed against a price list of ₹60.

Review price
  • Duty due 1 Nov for 6 Bills of Entry₹22.8 lakh on the monthly routePlan cash
  • Container MSKU 4471 free time ends in 2 daysCertificate pending from supplierChase

Screen 2 of 5

Every container, document and free day

Each shipment by stage with its document checklist, expected dates and free days left. A mismatch between documents is listed on the shipment with the person who owns the correction.

Fixes

  • 01 Nobody knows where each container is
  • 02 A document is missing or wrong and the container waits
  • 03 Free days run out and demurrage starts
  • 04 The container is out of the port but not back

Verity / Shipments

Open shipments

At sea2

  • SH-0418 Guangzhou to Nhava Sheva3 containers, ETA 24 OctDocs ok
  • SH-0420 Hamburg to Chennai1 container, ETA 29 OctInvoice mismatch

At port1

  • SH-0412 Shanghai to Nhava Sheva2 containers, 2 free days leftFiling pending

In transit to warehouse1

  • SH-0409 Jebel Ali to Mundra1 container, truck dispatchedReturn empty by 26 Oct
  • Commercial invoiceSH-0420, quantity differs by 40 cartons
  • Packing listSH-0420, received
  • Bill of ladingSH-0420, consignee name check
  • Certificate of originSH-0412, pending from supplier

Screen 3 of 5

Landed cost, duty and exchange rate

Every cost line on a shipment, spread across the items at the actual exchange rate. Duty assessed is shown beside earlier shipments of the same item.

Fixes

  • 05 The real landed cost is known only after the goods are sold
  • 06 Duty is paid without a clear view of what was assessed
  • 10 Exchange rate moves between the order and the payment

Verity / Landed cost

Shipment SH-0412

Cost lineAmountPer unitNote
Goods (USD 48,200 at 84.20)₹40.6 lakh₹165Order rate 83.4
Freight and insurance₹3.2 lakh₹13+9% vs last
Customs duty and charges₹8.1 lakh₹33Rate changed
Port, clearing, transport₹2.4 lakh₹10As quoted

Landed cost

₹221 / unit

was ₹213 last shipment

Price list

₹235 / unit

margin 6%

Exchange gain or loss

-₹32,000

order rate vs payment

Duty rate for Item A changed from the last Bill of Entry. Ask the broker why.

Assign

Screen 4 of 5

Orders, advances and claims

Each order with its advance, shipping date, payment due and any claim. Payments are linked to shipments, so the bank trail is clear.

Fixes

  • 08 Supplier advances are paid and then forgotten
  • 09 Overseas payment dates and bank records do not match the shipments
  • 11 Quality problems show up after the goods arrive

Verity / Suppliers and payments

Open orders

SupplierOrderAdvanceShipping dateStatus
Guangdong Trade CoPO-901₹18.2 lakh30 SepLate 16 days
Hamburg Parts GmbHPO-905₹9.6 lakh10 OctOn time
Jebel Ali WholesalePO-907None15 OctShipped
Shanghai PlasticsPO-910₹22.0 lakh20 OctCheck
ShipmentShippedPaid so farBalance dueWindow
SH-041212 Sep₹36.5 lakh₹8.2 lakhPayment 28 days left
SH-040930 Sep₹12.0 lakhNoneComplete

Claim CL-14 / Shanghai Plastics

Damaged goods in SH-0388

Quantity
380 units
Evidence
6 photos, inspection report
Claim value
₹2.1 lakh
Status
Awaiting reply
  1. 3 OctGoods inspected at warehouse
  2. 5 OctClaim sent by account manager
  3. 12 OctReply promised in 7 days

Screen 5 of 5

Stock, customers and who owes what

Cleared and in-transit stock against orders from customers, and customer dues by age with the person who owns each relationship.

Fixes

  • 12 Stock arrives and sales does not know what is available
  • 13 Customers pay late while suppliers are paid on time

Verity / Stock and dues

This week

ItemClearedIn transitReservedStatus
Item A1,2003,000900OK
Item B1802,400600Short
Item C2,5000400OK
CustomerOwedAgeOwnerNext step
Modern Hardware₹32.4 lakh88 daysSanjayCall due
Patel Traders₹18.9 lakh63 daysSanjayReminder
Kumar Distributors₹9.6 lakh31 daysRitaOn track

Illustrative screens with sample data. Layouts, fields, names and terms are set up around how your import business works.

An ordinary day

The same Thursday, before and after.

What changes is not the shipping. It is that every shipment leaves one record, and the record does the chasing.

WhenTodayWith Verity
9:00 TodayThe team scrolls email to find which containers are at the port. With VerityThe Today screen shows 14 open shipments by stage, with 2 containers under 3 free days.
11:00 TodayThe broker says a certificate is missing, a day after the vessel arrived. With VerityThe checklist showed the certificate pending for a week, and the supplier contact was already chased.
1:30 TodayA customer asks for a date on a container. The answer takes an hour. With VerityThe shipment shows the ETA, the clearing step and the warehouse slot.
3:30 TodayA price is quoted from the supplier's invoice and a rough duty. With VerityThe quote uses landed cost from the actual shipment, and the item that is below cost is flagged.
5:30 TodayAn advance is paid and the shipping date is not written down. With VerityThe advance is recorded with the agreed shipping date and a follow-up if it slips.
Month end TodayThe accountant asks for payments and Bills of Entry. They are found in four places. With VerityEach payment is linked to its shipment and Bill of Entry.

How we work with you

We set it up with you, in four weeks.

You do not get a login and a manual. We spend time with your team, your broker's way of working and your warehouse, build Verity around how your imports really run, bring your data in, then stay to make sure it keeps working.

  1. Week 1

    Discovery and mapping

    What we do
    Follow two shipments end to end: one that went smoothly and one that did not. Sit with your import manager, finance head, broker contact and warehouse lead, and note where dates and papers are lost.
    What we need from you
    Two to three hours of yours and your import manager's. Access to a few shipment files, a month of bank advices and the broker's duty notes.
    What you have at the end
    A written map of your import flow: suppliers, order and advance terms, documents, port steps, costs, stock and the first gaps we will close.

  2. Weeks 2 to 3

    Configuration

    What we do
    Set up suppliers, items and classifications, order and advance records, shipment stages, document checklists, free-day alerts, cost lines and exchange rates, stock and the five screens in your terms.
    What we need from you
    Check the setup with the import manager and finance head. Tell us where a stage, cost line or rule is wrong.
    What you have at the end
    A working Verity with your real suppliers, items and rules, ready for your data.

  3. Weeks 3 to 4

    Migration and training

    What we do
    Bring in your open shipments, orders, advances, item list, stock and customer dues from your sheets and accounts export. Train the import desk, finance, the warehouse and sales at their own stations.
    What we need from you
    Your open shipments list, an opening stock count and the dues list. One hour with each role.
    What you have at the end
    Your import data inside Verity and a team that has used it through live shipments.

  4. After go-live

    Operations partnership

    What we do
    Stay on after launch. Review the first weeks of landed cost and free days with you, tune alerts, and change setup when you add a supplier, an item or a port.
    What we need from you
    A short monthly review of what the numbers say.
    What you have at the end
    A system that keeps matching how your imports run, with someone responsible for it.

Bring these on day one

  • A list of open shipments and orders
  • A month of bank advices and broker duty notes
  • Your item list with classification codes you use
  • Your stock sheet and customer dues list
  • Supplier terms and any advance rulings or licences

Your time

About 8 to 12 hours of your own time across the four weeks, mostly in week 1. The import manager, finance head and warehouse lead need a few more.

After go-live

Nobody is hired to run Verity. Orders, documents, payments and receipts are recorded as part of work the team already does, and the reports come from those records.

Verity AI

Ask your import business a question. Get an answer, not a report to build.

Verity AI reads your own shipments, costs, advances and dues. Ask in plain language, then turn the answer into tasks for the right people.

  • Your records only Answers come from your own importers data, not from generic knowledge.
  • Right person, right view It only shows what the person asking is allowed to see.
  • Turns into action An answer can become a task assigned to a named person.

Verity / Ask

Which containers will start costing demurrage this week?

Two containers have under 3 free days left. One is waiting for a certificate and one for the Bill of Entry filing.

  • SH-04122 days left
  • SH-04183 days left

Create tasks for the broker and supplier contact

Verity / Ask

Which items are selling below landed cost?

Item D, at ₹63 landed against a price of ₹60, and Item C is within ₹5 of cost.

  • Item D-₹3 per unit
  • Item C₹5 margin

Verity / Ask

Which advances are overdue to ship?

Three advances totalling ₹49.8 lakh, the oldest 16 days past the shipping date.

Create follow-up tasks for supplier owners

Sample questions and answers with illustrative figures.

Without chasing

The follow-ups nobody has time to make.

Set once, then they run from your records. Staff still talk to suppliers, brokers and customers; Verity makes sure the right person knows what to do.

When

A shipment's free days fall below your limit

  • Flagged on the board
  • Task to the broker contact and warehouse lead
  • Cleared steps ticked as they complete

When

A document in the checklist does not match another

  • Mismatch listed on the shipment
  • Task to the supplier's account manager
  • Cleared when the corrected copy is recorded

When

A container leaves the port

  • Return task created with due date
  • Owner shown on the shipment
  • Marked done when returned

When

A supplier advance passes the agreed shipping date

  • Listed on the supplier screen
  • Follow-up task to the supplier's owner
  • Outcome recorded: new date, refund or claim

When

A shipment's landed cost is above the price list

  • Item flagged
  • Task to sales and the owner
  • Price decision recorded

When

A shipment is near the generally expected payment window

  • Task to the finance head
  • Linked remittances and Bills of Entry shown
  • Bank query answered from the record

Rules and paperwork

The rules an importer has to keep up with.

Verity does not give legal or customs advice and does not file anything for you. It keeps the records these rules depend on in order, so you are not hunting for them when someone asks.

  • Customs duty, Bill of Entry and classification

    What is expected

    Import duty depends on the item's classification, value and applicable notifications, and is assessed on the Bill of Entry. A wrong classification or valuation can lead to later demands with interest. Budget 2026 changes include a five year advance ruling validity and a 15 percent charge for non-payment on voluntary settlement. Confirm each with your broker.

    How Verity helps

    Each item records its classification, past assessed duty and any advance ruling with its validity, and a changed rate is flagged.

    ICAI

  • Deferred payment of duty

    What is expected

    From 1 March 2026, the deferred duty payment period is 30 days on a monthly cycle, for eligible importers, with duty on Bills of Entry returned in a month due by the 1st of the next month. Check whether you qualify.

    How Verity helps

    Duty due is a calendar by route and date, so cash is planned.

    ICAI

  • Import payments through your bank

    What is expected

    Remittances against imports are generally expected to be completed within six months of shipment, with extensions only through your authorised dealer bank, and banks match Bill of Entry data with remittances. Advance payments follow the bank's conditions. Confirm the current RBI direction with your bank.

    How Verity helps

    Each remittance is linked to its order, shipment and Bill of Entry, and shipments nearing the window are listed.

  • Port charges, free time and container return

    What is expected

    Demurrage applies while a container stays in the terminal past free time, and detention applies when a carrier's container is kept outside the port past free time. Free time varies by line, port and container type.

    How Verity helps

    Free days and return dates are tracked on each container with an owner.

    Cogoport

  • Import registration and product approvals

    What is expected

    An importer needs an Importer Exporter Code, and some products need further approvals or standards certification before clearance, which differ by product.

    How Verity helps

    Registration numbers, certificates and approvals are records with expiry, linked to the items that need them.

Rules change often and differ by product. Confirm current requirements with your customs broker, bank or adviser.

Who sees what

Everyone sees the same records, through their own window.

A warehouse clerk should not see supplier prices. Sales should not edit a shipment's cost. Each role opens on what it needs.

  • Owner

    Which imports make money, and where is cash tied up?

    Landed cost against price, advances, duty due, free days and dues.

  • Import manager

    What is moving and what is stuck?

    Shipments by stage, documents, mismatches, free days and supplier follow-ups.

  • Finance head

    What is due, to whom and when?

    Remittances, duty calendar, exchange exposure and customer dues.

  • Warehouse lead

    What is arriving and what is cleared?

    Expected arrivals, container returns, receipts and stock.

  • Sales

    What can I sell and at what price?

    Stock cleared and in transit, landed cost floor and reserved quantities.

Straight answers

What changes, and what stays the same.

Keep using

  • Your customs broker, who still files Bills of Entry and clears the goods.
  • Your bank, which still makes remittances and handles letters of credit. We record the payments against the shipment.
  • Your accounts software. We agree during setup how invoices and payments reach Verity.
  • Email and WhatsApp with suppliers and brokers. Staff talk
  • Verity tracks who owes a reply.

Verity does not

  • File Bills of Entry or customs documents.
  • Make payments, buy currency or hedge exchange risk.
  • Give customs, tax or legal advice.
  • Send messages to suppliers or customers on its own.

We bring your open shipments, orders, advances, item list, stock and customer dues across from the sheets, email folders and accounts export you use now, in stages, so imports keep moving while it happens.

  • Excel
  • Google Sheets
  • Legacy ERP
  • CRM
  • One operating environment

Questions

Questions importers ask.

My broker does the customs work. What does Verity add?

It keeps the broker's output, such as duty and Bill of Entry details, in the same record as the supplier, the payment, the free days and the stock. Your broker still files and clears.

Can it calculate my landed cost?

Yes, once cost lines are recorded on the shipment. It spreads goods, freight, insurance, duty, port charges, clearing and transport across the items at the actual exchange rate, and shows cost per unit against your price list.

Will it track shipments automatically from the shipping line?

We agree during setup how shipment status and dates reach Verity, and your team can also update them. Verity does not promise a live link to any named carrier.

Can it stop demurrage?

It shows free days left and assigns tasks so the right person acts early. Your team and broker still do the clearing.

Does it make payments or hedge currency?

No. Your bank makes payments. Verity records them against the order and shipment and shows your exchange exposure at today's rate.

Does it file my customs documents?

No. Your broker or your team files them. Verity keeps the documents, dates and costs in order.

I import for my own factory, not for trading. Does it fit?

Yes. Shipments, documents, duty and landed cost work the same way, and received goods can flow to your stock and production records.

Who can see my data?

Only the people you allow. Access is set by role, so the import desk, finance, the warehouse and sales each see what they need, and every change is recorded with who made it and when.

How quickly will I see something useful?

The free-day list, advances outstanding and customer dues need only your existing data, so we aim to have them first. Landed cost and margin patterns become reliable after a few shipments are recorded.

What does it cost?

It depends on the number of locations, people and what you want set up. Message us and we will give you a clear number after a short conversation about how your imports run.

Where the figures come from

Sources

  1. Finnovate, citing Ministry of Commerce and Industry / DGFT, 2026
  2. ICAI, Union Budget 2026: Transformative Amendments in Customs Law, 2026
  3. Cogoport, 2026

Last checked 16 October 2026. Published figures vary by region and method, so treat them as indicative, not as a promise of your results.

Start with the container running out of free days.

Tell us how your imports run and we will show you the free-day list, the advances outstanding and the landed cost it would find, using your own numbers.

Get your free demo Email us

Free: we set up a working demo of your own business, on your own data, within 7 days. You pay only if your team decides to use it.