Audit Reports

2,650.80 -1,500.00 -1,349.59 14 Net Revenue (Item No.10 and Item No.13) 19,228.48 (14.19) 18,210.64 7,695.00 4,913.00 (-74.45) 15 Dividend Payable to General Revenues 8,722.51 (-4.92) 9,731.29 - - 16 Net Surplus (Item No. 14 – Item No.15) 10,505.97 (37.07) 8,479.35 7,695.00 4,913.00 (-53.24) 17......

Appropriation to this fund is met out of the revenues earned by IR. This fund receives interest at the rate of dividend payable to general revenues. However, no interest was provided under this fund during the year. This fund is meant for replaceme nt and renewal of over -aged assets. An......

Zonal Railways is done differently for each category of rolling stock as given below: 57 Railway Convention Committee recommended that Dividend to General Revenues by the Railways may be waive d o ff for 2016 -17. After merger of Railway Budget with General Budget from 2017 -18, GOI decided to......

From 1 April 1950, a separate Railway Budget is being presented to the Parliament prior to pr esentation of the General Budget every year. Till the year 2016 -17 the Railway Budget wa s presented to the Parliament separately and figures relating to the receipts and expenditure of IR we re......

Dividend Under the 'Separation Convention' Indian Railways (IR) is required to pay dividend to the general revenues on the capital advanced by the Government of India (GoI) at a rat e determined periodically by Railway Convention Committee (RCC). Extra Budgetary Resources Resources of IR other......

45 of 2017 (Railways) viii should be a key performance area for Divisional Railway Managers and key results area for the General Managers. Strengthening the p rocess of track maintenance 5. RDSO prescribed guidelines regarding storage of USFD output and subsequent review / test check / post......

Member Engineering (ME), assisted by Additional Members (Works & Civil Engineering), Executive Directors (Works, Civil Engineering, Track Machines, General and Planning), Directors (Works, Civil Engineering Bridges & Structures and Planning) and Joint Directors (Works, Track Machines) are......

Way, AEN & DEN generated from TMS of both selected HDN and Non-HDN routes revealed that action taken and compliance of general remarks/findings of inspection conducted by concerned officers/officials were not incorporated in the TMS. In absence of action taken and compliance of Inspection......

Mobile Flash Butt Welding Plant was not introduced in open line and in general maintenance welding was carried out using AT welding technology. x In ECR, SER and SWR, rails were not being procured in long panels of 120 metres. In ECR and SER, rails were being procured in 13/26 metre length and......

and implementation of integrated track maintenance plan should be a key performance area for Divisional Railway Managers and key results area for the General Managers. Strengthening the process of track maintenance 5. RDSO prescribed guidelines regarding storage of USFD output and subsequent......

iii 1. The Report of the Comptroller and Auditor General of India for the year ended March 2016 has been prepared for submission to the Governor of Sikkim under Article 151 (2) of the Constitution......

Rule 3(20) of the Lotteries (Regulation) Rules , 2010 empowers the Comptroller and Auditor General of India (CAG) to conduct audit of any lottery or lottery scheme , organised by any State. In view of the said provision, audit of lotteries organised by the State of Sikkim , for the period 2010......

Nuclear Power Project, Units I and II 3 The KKNPP Units III, IV, V and VI are also being implemented with cooperation from Russian Federation. General Framework Agreement (GFA) for Units III and IV was signed on 10 April 2014. Works for KKNPP Units III and IV started in February 2016 and as......

DAE Department of Atomic Energy 12. DPR Detailed Project Report 13. EAR Erection All Risk 14. FRT Freight Tons 15. GCC General Conditions of Contract 16. GFA General Framework Agreement 17. GoI Government of India 18. HDFC Housing Development Finance Corporation 19. IDC Interest During......

prepared in accordance wi th the Performance Auditing Guidelines, 2014 and Regulations on Audit and Accou nts, 2007 of the Comptroller and Auditor General of......

ASE and NPCIL entered (6 November 2001) into a General Framework Agreement (GFA) which stipulated that provisional takeover of first and second Unit of KKNPP will be completed Report No. 38 of 2017 Performance Audit Report on Kudankulam Nuclear Power Project, Units I and II 9 within 68 months and......

20 The Self-Insurance fund is being collected on the concept of building a self corpus to mitigate the risks not covered under the general insurance policies. 21 Radiation and Nuclear reactors Report No. 38 of 2017 Performance Audit Report on Kudankulam Nuclear Power Project, Units I and II......

Excise and Customs CA Chartered Accountant CAAP Computer Assisted Audit Programme CAAT Computer Assisted Audit Techniques CAG Comptroller and Auditor General of India CBDT Central Board of Direct Taxes CBEC Central Board of Excise and Customs CC Chief Commissioner CCR CENVAT Credit Rules CDR......

The audit has been conducted in conformity with the Auditing Standards issued by the Comptroller and Auditor General of In......

2.5.3 Using Income Tax data for tax base broadening CBEC entrusted to Director General of Service Tax (DGST) (now DG GST) the responsibility of calling for the information from Income Tax Authorities on persons providing one or other type of services and having income of above ` 10 lakh in......

in an organisation are designed t o address risks and to provide reasonable assurance that in pursuit of the entity’s mission, the following general objectives 42 are being achieved:  fulfilling accountability obligations ;  complying with applicable laws and regulations ; ......

Tho\bgh no specific penal\fy is prescribed for non/la\fe filing of re\f\brns, r\ble 27 of \fhe said R\bles, prescribes a general penal\fy of \bp \fo a maxim\bm of ` 5,000 for viola\fing any r\ble, which is applicable \fo non/ delayed filing of re\f\brn. De\fails of ER-1/ER-3 re\f\brns......

of Excise and C\bs\foms CAAP Comp\b\fer Assis\fed A\bdi\f Programme CAAT Comp\b\fer Assis\fed A\bdi\f Techniq\bes CAG Comp\froller and A\bdi\for General of India CAS Cos\f Acco\bn\fing S\fandards CBDT Cen\fral Board of Direc\f Taxes CBEC Cen\fral Board of Excise and C\bs\foms CC Chief......

carried o\b\f by an en\fi\fy’s managemen\f and personnel which is designed \fo address risks an d provides reasonable ass\brance \fha\f following general objec\fives are ach ieved:  exec\b\fing orderly, e\fhical, economical, efficien\f a nd effec\five opera\fions;  f\blfilling......

The a\bdi\f has been cond\bc\fed in conformi\fy wi\fh \fhe A\bdi\fing S\fandards iss\bed by \fhe Comp\froller and A\bdi\for General of In......

Though no specific penalty is prescribed for non/late filing of returns, Rule 27 of said Rules prescribes a general penalty of up to a maximum of ` 5000 for violating any rule, which is applicable to non/delayed filing of return. Details of ER-1 returns submitted by manufacturers of tobacco......

11 of 2017 of the Comptroller and Auditor General of India (Appendix I). 1.2 Definition of Gross Revenue (GR)/Adjusted Gross Rev enue (AGR) in the various licenses The Licence Agreement signed between the Department of Telecommunication (DoT) and telecom service providers regulates the t......

The response of DoT is awaited. New Delhi (P K Tiwari) Dated : Director General of Audit (Post and Telecommunications) Countersigned New Delhi (Shashi Kant Sharma) Dated : Comptrolle r and Auditor General of......

TTSL and TTML were taken up for audit and the findi ngs covering the period from 2006-07 to 2009-10 were included in Comptrolle r and Auditor General of India’s Report No. 4 of 2016. It was pointed out in the Report that the Gross Revenue (GR)/Adjusted Gross Revenue (AGR) was under stated by `......

Under the scheme, two SIMs were de livered to distributor agains t price of one SIM. Audit observed from the General Ledger (GL) of VTL that revenue of one SIM was accounted while the cost of SIM given free amounting to ` 5.25 crore was not considered for computation of GR/AGR. As the scheme......

Under the scheme, two SIMs were de livered to distributor agains t price of one SIM. Audit observed from the General Ledger (GL) of QTL that r evenue of one SIM was accounted while the cost of SIM given free amountin g to ` 1.90 crore was not considered for computation of GR/AGR. As the scheme......

 Adopt a prudent medium-term ceiling for general gov ernment debt 4 of 60 per cent of GDP to be achieved by no later than financial ye ar 2022-23. Within the overall ceiling of 60 per cent, adopt a ceiling of 40 per cent for the Centre, and the balance 20 per cent for the State.  Adopt fiscal......

1 1.2 Amendments in FRBM Act 1 1.3 FRBM Review Committee 3 1.4 Review of compliance of provisions of FRBM Act by the Comptroller and Auditor General of India (CAG) 5 1.5 Structure of the Report 5 Chapter 2: Deviation in performance from the Act and Rules 2.1 Non-adherence to annual......

An important aspect of the amendment was introduction of Section 7A and Rule 8, which provid e for the Comptroller and Auditor General of India to carry out an annual rev iew of compliance of the provisions of the Act by the Union Government. What the Report covers The present report......

4.3.5 Short devolution out of net proceeds to State s In terms of Article 279 of the Constitution, the Comptroller and Auditor General of India (CAG) is required to ascertain and certify the ‘net proceeds’ (any tax or duty the proceeds thereof reduced by the cost of co llection), whose......

50.00 2.00 (-)48.00 In DDG the provision of ` 48 crore to Rajiv Gandhi Institute of Petroleum Technology was made under the head Grants-in-aid general but in Expenditure Budget Vol. I it was shown under grants for creation of capital assets. 17. Posts 331.65 Nil (-)331.65 Object head grants......

no. 1 and 9 – Union Finance Accounts; Sl. no. 2 - Pr. CCA, CBDT, Sl. no. 3 to 8 – Pr. Directorate General of Income Tax (Admn. & Tax Payers Services), Research & Statistics Wing The average number of scrutiny assessment completed by assessing officer ranged from 67 to 105 during the......

40 of 2017 (Direct Taxes) 92 7.8.3 Information received from Directorate General of Income Tax (Logistics), Research & Statistics Wing revealed that the success rate achieved by the ITD was low especially in appeals at the levels of ITAT, High Court and Supreme Court during the years 2013-14 to......

Report \bo. 40 o\f 2017 (Direct Taxes) iii High\fights The Comp\froller and A\bdi\for General of India cond\bc \fs \fhe a\bdi\f of receip\fs of \fhe Union Governmen\f \bnder sec\fion 16 of \fhe Com p\froller A\bdi\for General of India......

Products and Impact 2.1 Authority of the CAG for audit of receipts Article 149 of the Constitution of India provides that the Comptroller and Auditor General of India (CAG) shall exercise such powers and perform such duties in relation to the accounts of the Union and of the states and of any......

The a\bdi\f has been cond\bc\fed in conformi\fy wi\fh \fhe A\bdi\fing S\fandards iss\bed by \fhe Comp\froller and A\b di\for General of......

As the tax liability was more in respect of profits attributable to the PE, the taxable 78 A Duty Credit Scrip is a scrip which is issued by Director General of Foreign Trade and can be used to pay Customs Duty, Excise Duty and Service Tax. These Scrips are issued to both Exporters of Goods as......

(Appeals) CPM Cos\f Pl\bs Me\fhod CSO Cen\fral S\fa\fis\fical Office CT Corpora\fion Tax CUP Comparable Uncon\frolled Price DGIT (Sys\fems) Direc\for General of Income Tax (Sys\fems) DOR Depar\fmen\f of Reven\be DRP Disp\b\fe Resol\b\fion Panel DT Direc\f Taxes FY Financial Year GDP Gross......

13 Report No.41 of 2017 – Union Government (Indirect Taxes – Customs) CHAPTER II IRREGULARITIES IN DUTY EXEMPTION/REMISSION SCHEMES Directorate General of Foreign Trade (DGFT), under Ministry of Commerce and Industry is responsible for formulating and implementing the FTP with the main......

Countervailing duty CVD Customs tariff heading CTH Directorate of Data Management DDM Department of Revenue DoR Department of Commerce DoC Director General of Foreign Trade DGFT Development Commissioner DC Director General of Anti Dumping DGAD Domestic tariff area D TA Duty Entitlement Pass Book......

The Report 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 instances mentioned in this Report are those, which came to notice in the......

important audit findings under the broad categories, namely, irregularities in duty exemption/remission schemes, incorrect application of general exemption notifications, short/non-recovery of applicable levies and charges and misclassification of goods. All cases where the Ministry......

25 Report No.41 of 2017 – Union Government (Indirect Taxes – Customs) CHAPTER III INCORRECT APPLICATION OF GENERAL EXEMPTION NOTIFICATIONS Government under section 25 (1) of the Customs Act, 1962 is empowered to exempt either fully or subject to such......

Executive summary v Customs revenue I 1.1 to 1.14.3 1 Irregularities in Duty exemption/ Remission Schemes II 2.1 to 2.7.1 13 Incorrect application of General exemption notifications III 3.1 to 3.5 25 Short/Non-recovery of applicable levies and other charges IV 4.1 to 4.4.1 33 Mis-classification of......

Dated: 21 November 2017 Principal Director (Customs) Countersigned New Delhi (RAJIV MEHRISHI) Dated: 22 November 2017 Comptroller and Auditor General of......

51 Report No.41 of 2017 – Union Government (Indirect Taxes – Customs) Annexure 5 Details of test checked cases of ‘Incorrect Application of General Exemption Notifications’ accepted and recovered by the department (Refer Chapter III) Sl. No. Draft Audit Paragraph Field office name Amt.......