Audit Reports
Indirect Tax
Report No. 14 of 2013 - Compliance Audit on Customs Union Government, Department of Revenue
Overview
The Report has a total revenue implication of RS 31.48 crore covering 31 paragraphs. We had issued another 90 paragraphs involving money value of RS 30.80 crore on which rectificatory action was taken by the Department/Ministry in the form of issuing show cause notices, adjudicating show cause notices and recovery of RS 27.76 crore. Customs revenue as a ratio of GDP has been stagnant at around 1.7 percent.
Department of Revenue does not have a results framework document with objectives, activities, performance and success indicators in line with the subjects of its business allocation, for clearer performance monitoring and evaluation. Fluctuating gap between Revised Estimates/ Budget Estimates suggests that the department did not adopt any rational method for pre budget analysis and forecasting.
The Customs Revenue forgone is increasing exponentially without commensurate increase in the exports. There was no outcome analysis of the SEZ Scheme at the macroeconomic level. ICT based solutions (ICES) and self assessment were not extended to all customs transactions. In the last ten audit reports, we had included 1709 audit paragraphs involving RS 2129.73 crore. Of these, the Government had accepted audit observations in 1390 audit paragraphs involving RS 1177.03 crore and had recovered RS 156.89 crore.
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- Index
- Preface
- Executive Summary
- Glossary of terms and Abbreviations
- Chapter 1 - Customs Revenue
- Chapter 2 - Duty Exemption/Remission Schemes
- Chapter 3 - InCorrect Assessment of Customs Duties
- Chapter 4 - Incorrect Application of General Exemption Notifications
- Chapter 5 - Miss-Classification of Goods
- Annexures
- Appendices