Audit Reports

Overview

We conducted the Performance Audit on Cenvat credit scheme, to seek an assurance that provisions in the Act/rules/clarifications/procedures as laid down are unambiguous and adequate to safeguard any misuse of the Cenvat credit scheme and that the internal control and monitoring mechanism were in place and effective. The Performance Audit was conducted in 41 selected Commissionerates which included examination of records relating to 469 assessees.
The Performance Audit revealed certain inadequacies in the extant provisions, both of system as well as deficiencies in internal controls relating to the Cenvat credit scheme.

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• Report No 10 of 2016 - Union Indirect Taxes Central Excise and Service Tax
  _{(0.61 MB) Download}

• Index
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• Preface
  _{(0.06 MB) Download}
• Executive Summary
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• Chapter 1 Introduction
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• Chapter 2 Systemic issues
  _{(0.10 MB) Download}
• Chapter 3 Internal Controls
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• Chapter 4 Efficiency of department in ensuring compliance
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• Abbreviations
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