Audit Reports

18 July 2014

Compliance

Report No. 10 of 2014 - Compliance Audit on Direct Taxes Union Government, Department of Revenue

assessees from 87.0 per cent to 92.4 per cent during FY 2008-09 to FY 2012-13.We noticed that the actual collection of direct tax exceeded the budget estimates in FY 2009-10 and FY 2010-11. The revised estimates were found realistic in all years as variation in actual collection ranged from............

Sector:

Taxes and Duties

Chapter 3 - Analysis of Assessments relating to Corporation Tax

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Report No. 10 of 2014 (Direct Taxes) Chapter III: Analysis of assessments relating to Corporation Tax 3.1 Introduction 3.1.1 Chapter III discusses 332 high value cases pertaining to corporation tax with tax effect of ^ 2,193.75 crore (304 cases...

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05 August 2010

Performance

Report No. 10 of 2010-11 – Performance Audit of Activities Public Sector Undertakings

Further, the budget estimates were revised every year to bring them in line with the actual production. The Company had paid Rs. 43 crore liquidated damages and is further liable to pay Rs. 21 crore for delay in supplies up to 2008-09. The following paragraphs highlight various issues............

Sector:

Industry and Commerce

Chapter 3 – Production and supply of Advanced Light Helicopter Hindustan Aeronautics Limited

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Further, the budget estimates were revised every year to bring them in line with the actual production. The Company had paid Rs. 43 crore liquidated damages and is further liable to pay Rs. 21 crore for delay in supplies up to 2008-09. The following paragraphs highlight various issues............

Chapter 1 – Jet Engine Overhaul Shops National Aviation Company of India Limited

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Report No. 10 of 2010-11 (-^ MINISTRY OF CIVIL AVIATION V_/ CHAPTER I National Aviation Company of India Limited Jet Engine Overhaul Shops Executive Summary National Aviation Company of India Limited (Company) was incorporated on 30th March 2007...

Overview

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By not freezing the design of ALH and keeping the development stage open the Company had to accommodate the increasing demand of the customer for latest and additional requirements. This led to 363 modifications in 34 helicopters (total 74 supplied to Defence customers). The ALH, which was............

Annexures

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Unit 1 & 2 08 Exchangers(Plate Type) 280 Koderma TPS Stage 13.03.20 P-176/08 30-Jun-2008 Heat 26,50,315 - I Unit 1 & 2 08 Exchangers(Plate Type) 266 Budge Budge 01.12.20 P-84/08 26-May-2008 Heat 75,11,933 07 Exchangers(Plate Generating Stn,1X250MW Type) Unit3 279 Rayalseema TPP 04.12.20 P-85/08............

Chapter 7 - Efficiency of Panipat and Mathura Refineries Indian Oil Corporation Limited

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Report No. 10 of 2010-11 /-N MINISTRY OF PETROLEUM AND NATURAL GAS \_ CHAPTER VII Indian Oil Corporation Limited Efficiency of Panipat and Mathura Refineries Executive summary Indian Oil Corporation Limited is India's largest commercial enterprise...

Chapter 9 - Ship repair activity in Indian dockyards Hindustan Shipyard Limited and Cochin Shipyard Limited

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Report No. 10 of 2010-11 (-|< MINISTRY OF SHIPPING CHAPTER IX Hindustan Shipyard Limited and Cochin Shipyard Limited Ship repair activity> in Indian dockyards Executive Summary Hindustan Shipyard Limited (Hindustan Shipyard). Visakhapatnam was set...

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03 August 2010

Performance

Report No. 3 of 2010 - Performance Audit of National Library, Union Government, Ministry of Culture

The National Library of India aims at preserving the cultural heritage of India through acquisition and conservation of all significant material produced and printed in India also foreign material required by the country. The library also renders...

Sector:

General Sector Ministries and Constitutional Bodies

Chapter 3 - Payment of Claims under Transport Subsidy Scheme (Ministry of Commerce and Industry)

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81 per quintal of raw material & finished goods transported by truck from designated rail head to the location of an Industrial unit in Budgam and vice versa. However, the industrial unit was allowed transportation charges at the rate of Rs. 218.18 per quintal on 19337.15 quintals of finished............

Chapter 1 - Activities of the National Library, India (Ministry of Culture

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One senior Administrative Officer and two Administrative Officers managed the administrative divisions. 1.3 Financial profile The Budget allotment and expenditure there against were as follows: (Rupees in crore) Year Budget allotment Expenditure 2003-2004 14.30 12.90 2004-2005 15.30 15.17............

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20 December 2011

Performance

Report No. 22 of 2011 - Performance Audit of Export Promotion Capital Goods Scheme Union Government, Department of -Indirect Taxes

We conducted a performance audit on the 'Export Promotion Capital Goods Scheme' (EPCG] to evaluate the adequacy of the provisions of Foreign Trade Policy, Customs Act and related instructions and to assess their proper implementation in issue of...

Sector:

Taxes and Duties

Chapter 1 – Introduction

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Report No. 22 of 2011-12 (Indirect Taxes - Customs) r Chapter 1 Introduction L. j 1.1 EPCG Scheme: The background The Export Promotion Capital Goods (EPCG) Scheme is one of the earliest export promotion schemes presently in operation. It was...

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23 August 2011

Performance

Report No. 15 of 2011 - Performance Audit of Service Tax on Banking and other Financial Services and Duty Drawback Scheme Union Government, Department of -Indirect Taxes

This section contains a performance audit of Service Tax on 'Banking and other Financial Services'. We conducted a performance audit to evaluate the adequacy of provisions of the Finance Act, 1994, Service Tax Rules and related instructions in...

Sector:

Taxes and Duties

Section – 2 Customs

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Normally, the rates are revised every year from 1st June, i.e. after considering changes in duty rates made in the budget presented. The AIR (All Industry Rate) is usually fixed as a percentage of FOB price of export products. However, in respect of many items specific rates are also notified............

Section – 1 Service Tax

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Pursuant to the exit conference, the Board stated that in the Budget 2011-12, the relevant rules have been amended5. Now the service tax is payable as a transaction graded percentage depending on the value of turnover of currency exchange. Alternatively, the value of service may be determined as............

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01 August 2014

Compliance

Report No. 17 of 2014 - Union Government, Communications and IT Sector

vii Chapter I : Introduction About this Report 1.1 1 Authority for Audit 1.2 2 Planning and conduct of Audit 1.3 2 Profile of Audited Entities 1.4 2 Budget and expenditure controls 1.5 13 Chapter II : Department of Telecommunications Subscriber verification by Telecom Service Providers 2.1 15............

Sector:

Information and Communication

Audit Report of Ministry of Communications & IT

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The process was targeted to be completed by 30 September 2011. iii. The Circle authorities were asked (22 December 2011) to complete the process latest by 31 December 2011, the date fixed by Minister of Communications & Information Technology, for transfer of the assets to the Company. However,............

Overview

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Report No. 17 of 2014 f-\ OVERVIEW V_J This Report contains significant audit findings which arose from the compliance audit of the financial transactions of the Ministry of Communications and Information Technology. It contains six chapters....

Audit Report of Ministry of Communications & IT

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It was further stated that latest reminder was issued in February 2013. Detail book contains consolidated accounts for each Circle showing Receipts and Expenditure under each Head of Account PAOs Ahmedbad, Bangalore, Hyderabad, Kapurthala, Kolkata, Chennai, Delhi and Lucknow 49 Report No. 17............

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16 December 2011

Performance

Report No. 23 of 2011 - Performance Audit of Recovery of Arrears of Tax Demand

Direct tax collections, amounting to RS 4.35 lakh crore accounted for three-fourth of revenue receipts of the Government of India in 2009-10. At the same time the uncollected portion of tax demand was RS 2.29 lakh crore in March 2010 equivalent to...

Sector:

Taxes and Duties

Chapter – 5 Follow up and Disposal of arrears

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Report No. 23 of 2011-12 (Performance Audit) CHAPTER 5 Follow up and disposal of arrears Follow up and disposal of cases in arrears is less than the prescribed targets. Majority of the cases were disposed off while giving effect to Appellate...

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05 August 2011

Performance

Report No. 7 of 2011 - Performance Audit on Role and Functioning of Indian Coast guard

However, this was not done. Each plan had a large number of carry-over schemes, thus, clearly indicating a low capacity to expend allotted budgets. It was also observed that many of the proposals related to manpower and infrastructure were formulated without detailed justification. These lacunae............

Sector:

Defence and National Security

Chapter 4 – Infrastructure, Assets and Logistics

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CHAPTER 4 Infrastructure, Assets and Logistics 4.1 Infrastructure and Assets ICG infrastructure comprises of shore stations, air stations and air enclaves, whereas, the assets of ICG comprise of a wide range of ships, aircraft and associated...

Chapter 1 – Indian Coast Guard – An Overview

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CHAPTER 1 Indian Coast Guard -An Overview 1.1 Introduction The Indian Coast Guard (ICG) is a maritime armed force operating under the Ministry of Defence. Formally constituted in August 1978 under the Coast Guard Act 1978, the ICG is mandated to...

Chapter 2 - Audit Approach and Organisation of Audit Findings

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CHAPTER 2 Audit Approach and Organisation of Audit Findings 2.1 Audit Approach 2.1.1 Audit Objectives The audit of ICG was taken up to assess the efficiency and effectiveness in performance of its assigned tasks, maintenance of force level,...

Chapter 5 – Patrolling and Security Issues

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CHAPTER 5 Patrolling and Security Issues 5.1 Introduction The responsibilities of the Indian Coast Guard (ICG), when formed in 1978, were in line with the issues perceived to be relevant then. Its principal tasks were to protect the national...

Abbreviations

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] Performance Audit on the Role and Functioning of the Indian Coast Guard Abbreviations A ACV Air Cushion Vehicle (Hovercraft) AFT Annual Flying Task AIS Automatic Identification System ALH Advanced Light Helicopter ALHW Andaman & Lakshadweep...

Preface

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Performance Audit on the Role and Functioning of the Indian Coast Guard Preface 1 his Report of the C&AG, for the year ended March 2010, contains the results of the Performance Audit and has been prepared for submission to the President of India...

Chapter 7 – Conclusions

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CHAPTER 7 Conclusions 7.1 Conclusions The Indian Coast Guard has now been in existence for over three decades as the fourth Armed Force of the nation. Its role and responsibilities have, however, been slightly different from those of the Army, Navy ...

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23 August 2011

Performance

Report No. 12 of 2011-12 - Performance Audit of Business of Civil Construction

The construction industry has emerged as an important driver of India's economic growth - both in terms of its share of GDP and its contribution towards employment generation. A number of tax concessions are given to entities in this sector. An...

Sector:

Taxes and Duties

Chapter 3 – Internal Controls

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CHAPTER 3 INTERNAL CONTROLS • Database of assessees and the Central Information Branch • Selection for scrutiny • Incorrect Certification by Chartered Accountants • Recommendations Report No. 12 of 2011-12 (Performance Audit) CHAPTER 3...

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01 August 2014

Compliance

Report No. 12 of 2014 - Compliance Audit on indirect Taxes Union Government, Department of Revenue Customs

forecasting. Despite the actual collections falling short of the budget estimates year after year, the Government continued to make optimistic projections during ............

Sector:

Taxes and Duties

Appendices

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APPENDICES GOVERNMENT OF INDIA Report No.12 of 2014 - Union Government (Indirect Taxes - Customs) Intelligence MOC&I PSUs/EPCs MOF Trade Finance Enforcement DOC DOR Sn . ... ? 1 ? > T3 Ombudsman Trade Policy T3 DGFT n> Division (TPD) / 3 Chairman Q. ...

Chapter 7 - Thematic Audit

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The Commissionerate of Customs (Port) Klkata intimated (July 2013) that the lapse was on the part of AC/DC, NSD, Budge Budge and were asked to feed the inward date in the system for the entire vessel irrespective of their status. Ministry's reply was awaited (March 2014). ii. Non-accountal of............

Chapter 5 - Miss-Classification of Goods

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Report No.12 of 2014 - Union Government (Indirect Taxes - Customs) CHAPTER V MIS-CLASSIFICATION OF GOODS During test check (July 2009 to August 2013) of records for the period February 2009 to March 2013, we noticed that assessing officers...

Chapter 4 - Assessment of Customs Revenue

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It was further stated (April 2012) that cess on additional duty of customs has been removed after implementation of the Budget changes (2012-13) and hence cess on additional duty is not being calculated now. Director (ICD), Ministry of Finance stated (January 2014) that Education cess on............

Chapter 1 - Customs Revenue

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83324 -16.58 10.00 FY 11 1683467 23.45 135813 62.99 10.00 FY 12 2345463 39.32 149328 9.95 10.00 FY 13 2669162 13.80 165346 10.73 10.00 Source: Union Budget, EXIM Data- Department of Commerce 3000 12 10 - 2500 2000 8 g 1500 6 -C H 1374 4 ,£ 1000 Vt* 2 ~ 500 0 100 S3 136 149 165 0 FY 09 FY10 FY11............

Chapter 6 - Managemen tof Narcotic substances (Department of Revenue)

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Report No.12 of 2014 - Union Government (Indirect Taxes - Customs) CHAPTER VI Management of Narcotic substances (Department of Revenue) 6.1 Introduction The use of opium in the country could be traced back as far as 1000 AD where it finds mention...

Annexures

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Report No.12 of 2014 - Union Government (Indirect Taxes - Customs) Annexure -1 (Reference: Paragraph 1.29) (lakh SI Draft Field office Brief subject Amount Amount Amount Name of the No. Audit name objected Accepted recovered Commissionerate/DG...

Glossary of terms and Abbreviations

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Report No.12 of 2014 - Union Government (Indirect taxes - Customs) Glossary of terms and abbreviations Expanded form Abbreviation Air Cargo Complex ACC Advance release order ARO Anti Dumping Duty ADD Aayaat Niryaat Form ANF Bank Guarantee BG Basic...

Chapter 2 - Duty Exemption/Remission Schemes

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Report No.12 of 2014 - Union Government (Indirect Taxes - Customs) CHAPTER II DUTY EXEMPTION/REMISSION SCHEMES The Government may exempt wholly or part of customs duties for import of inputs and capital goods under an export promotion scheme...

Chapter 3 - Incorrect Application of General Exemption Notifications

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Report No.12 of 2014 - Union Government (Indirect Taxes - Customs) CHAPTER III INCORRECT APPLICATION OF GENERAL EXEMPTION NOTIFICATIONS The Government under section 25 (1) of the Customs Act, 1962 is empowered to exempt either absolutely or subject ...

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