Payments & Revenue Management
Payments and Revenue Management
MicroClear® manages collection and accounting of various types of duties, taxes, fees, surcharges, fines & penalties, licensing charges, transaction processing charges and others during the clearance process. Multiple agencies, Federal, Provincial and service providers, can define their legal role in the system.
Each payment is accounted under its relevant heading and is to be reported to relevant agency. Besides, Federal and Provincial/local revenues are reconciled among banks, government treasuries and Single Window.
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