Compliance
Indirect Tax

Report No. 17 of 2019 - Compliance Audit on Indirect Taxes Union Government, Department of Revenue Customs

Date on which Report Tabled:
Mon 03 Feb, 2020
Date of sending the report to Government
Fri 29 Nov, 2019
Government Type
Union
Union Department
Indirect Tax
Sector Taxes and Duties

Overview

The Report for the year ended March 2018 contains significant results of the compliance audit of the Department of Revenue – Customs under the Ministry of Finance and Director General of Foreign Trade under Ministry of Commerce and Industry.

The sample of Commissionerates selected for test check included 38 out of total of 67 Customs Commissionerates under 23 Zones. Audit of incentives provided under Foreign Trade policy was carried out in 37 regional licensing authorities under the DGFT through test check of license files under various schemes of the FTP.

This report is divided into six chapters. Chapter I provides a brief description of functions of Department of Revenue and Department of Commerce and an overview of high level statistical information regarding Customs receipts, trade balance, revenue impact of tax incentives on Customs Duty, arrears of customs receipts and results of department’s internal audit. Chapters II describes the CAG’s audit mandate, scope and results of audit efforts. Chapters III, IV, V and VI contain significant audit findings.

This report contains 92 paragraphs with total revenue implication of Rs 4795 crore.  In 79 paragraphs involving money value of Rs 368 crore, rectificatory action has been taken by the department and recovery of Rs 18 crore has been effected till date.

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