Useful Life Certification
Certifying the remaining useful life of plant, machinery and equipment for accounting, asset management and lending purposes.
Valuation services
Chartered Engineer Services in India
Axium's partners individually hold Chartered Engineer status with the Institution of Engineers (India), including a Fellow of the Institute of Engineers. They certify useful life, technical condition, customs and export-scheme compliance for plant, machinery and equipment, from used-machinery valuation and third-party inspection to PLI/subsidy verification and SEBI DRHP filings. Alongside Axium Valuation Services LLP's IBBI Entity Registration (IBBI/RV-E/04/2021/144), this means a single engagement can draw on both a technical Chartered Engineer certificate and a certified valuation opinion, without coordinating separate firms.
Chartered Engineer status is held personally by Axium's partners and is separate from the firm's IBBI entity registration.
Certifications
Our Chartered Engineer services
Axium's partners issue Chartered Engineer certificates covering the physical condition, remaining useful life, and customs, export and regulatory compliance of engineering assets, drawing on engineering qualification and site-level judgment.
Used Machinery Valuation for Customs
Technical valuation of imported second-hand plant and machinery, supporting customs clearance and duty assessment.
Fixation of Input-Output Norms (SION)
Technical certification of Standard Input Output Norms and adhoc norms fixing raw material consumption against finished export output, per DGFT Appendix 4K.
Preshipment Inspection
Site inspection and certification of machinery and equipment condition and specification prior to shipment.
EPCG & Duty Drawback Certification
Technical certification supporting Export Promotion Capital Goods (EPCG) scheme compliance and duty drawback claims.
Nexus Certificate (EPCG)
Chartered Engineer certificate establishing the nexus between imported capital goods and the export product, per DGFT Appendix 5A.
Installation Certificate (EPCG)
Confirms capital goods are installed at the authorization holder's premises, closing out EPCG import obligations with DGFT within the prescribed timeline.
PLI Scheme & Government Subsidy Verification
Technical verification of plant, machinery and production capacity supporting investment claims. See PLI scheme investment verification and government subsidy valuation.
Chartered Engineer Certificate for IPO & SEBI Filings
Independent certification of fixed assets, production process and plant layout for a Draft Red Herring Prospectus. See Chartered Engineer certificate for IPO.
Third-Party Inspection (TPI)
Independent inspection by certified engineers to verify equipment quality, compliance and performance as per technical and regulatory standards, for companies and agencies procuring, commissioning or accepting industrial equipment.
Clients
Who needs a Chartered Engineer certificate
- Companies preparing an IPO, FPO or rights issue under SEBI ICDR requirements
- Manufacturers and MSMEs claiming PLI, MSME or state subsidy incentives
- Importers and exporters needing customs valuation, input-output norms or preshipment inspection
- Businesses claiming EPCG scheme benefits or duty drawback
- Buyers and EPC contractors needing FAT/SAT or equipment commissioning verification
- Asset owners and lenders needing useful life or technical condition certification
Working together
Chartered Engineer vs IBBI Registered Valuer
These are separate credentials issued by different bodies. A Chartered Engineer's certification covers technical and engineering matters; an IBBI Registered Valuer issues the certified valuation opinion. For plant and machinery in particular, technical condition materially affects value, which is why the two are often combined in a single assignment. See our full comparison, Registered Valuer vs Chartered Engineer vs Income Tax Valuer.
Why Axium
Why choose Axium for Chartered Engineer certification
- Chartered Engineer status held by Axium's partners, including a Fellow of the Institute of Engineers
- Combine a Chartered Engineer certificate with an IBBI Registered Valuer opinion in one engagement
- Experience across SEBI DRHP filings, PLI scheme verification, customs and export-scheme certifications
- Pan-India site inspections across manufacturing, infrastructure and industrial assets
Related
Related services & resources
FAQ
Frequently asked questions
Does Axium provide Chartered Engineer certification?
Yes. Axium's partners individually hold Chartered Engineer status with the Institution of Engineers (India), including a Fellow of the Institute of Engineers: Harihar S (Chartered Engineer Registration F-125668) and Kamalakannan C (Chartered Engineer Registration M-1564255). They issue Chartered Engineer certificates as part of client engagements. This is a personal credential held by the partners, separate from Axium Valuation Services LLP's IBBI entity registration (IBBI/RV-E/04/2021/144).
Is a Chartered Engineer the same as an IBBI Registered Valuer?
No, they are separate credentials issued by different bodies. Chartered Engineer status is granted by the Institution of Engineers (India) to individuals; IBBI Registered Valuer status is an entity-level registration under the Insolvency and Bankruptcy Board of India. Axium's partners hold Chartered Engineer status individually, alongside the firm's IBBI entity registration, so a single engagement can draw on both without coordinating separate firms.
What does a Chartered Engineer certificate cover?
Technical and engineering matters: physical asset condition, remaining useful life, replacement cost, production capacity and process verification. This is distinct from, but often combined with, a financial valuation opinion.
When is a Chartered Engineer certificate required?
Common examples include SEBI's ICDR requirement for an IPO/DRHP filing, investment verification under the PLI scheme and other government subsidy programs, useful life certification for lenders and asset owners, customs valuation of used machinery, preshipment inspection, fixation of input-output norms, and EPCG or duty drawback claims.
What Chartered Engineer certifications does Axium provide?
Useful life certification, used machinery valuation for customs, fixation of input-output norms (SION), preshipment inspection, EPCG and duty drawback certification, Nexus certification and Installation Certificates under the EPCG scheme, PLI scheme and government subsidy verification, third-party inspection (including Factory and Site Acceptance Testing), and Chartered Engineer certificates for IPO and SEBI filings.
What is included in Axium's Third-Party Inspection service?
Factory Acceptance Testing (FAT), Site Acceptance Testing (SAT), equipment validation and commissioning, and quality control verification, carried out by certified engineers against technical and regulatory standards. Inspection reports are prepared for companies and agencies procuring, commissioning or accepting the equipment.
Partner with Axium for Chartered Engineer certification
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Not ready yet? Browse our Resources for guides on IBBI registration and fee schedules.