Audit Reports

Report No. 13 of 2015 (Performance Audit) EXECUTIVE SUMMARY Introduction The Indian economy is one of the fastest growing economies among the emerging markets today. One important cause is the rapid growth in international trade. In order to...

Report No. 13 of 2015 (Performance Audit) Abbreviation AA Advance Authorisation ACC Air Cargo Complex ACP Accredited Client Programme ADC Assistant Drug Controller AEO Authorized Economic Operator APEC Asia Pacific Economic Cooperation APEDA...

Report No. 13 of 2015 (Performance Audit) Chapter 1: Introduction The Indian economy is one of the fastest growing economies among the emerging markets today. One important cause is the rapid growth in international trade. However, in order to...

Report of the Comptroller and Auditor General of India for the year ended March 2014 Performance of Import and Export Trade Facilitation through Customs Ports Union Government Department of Revenue Indirect taxes - Customs No. 13. of 2015 Laid on...

Report No. 13 of 2015 (Performance Audit) Chapter 2: Transaction cost of Trade Facilitation 2.1 Performance in trade facilitation indicators The trade facilitation performance can be measured with respect to trade facilitation indicators (TFI)....

Appendices Report No. 9 of 2015 (Performance Audit) Appendix 1 (Refer Para No. 1.8) The duty comparison13 between SEZ, EOU and DTA unit. Particulars SEZ unit EOU unit DTA unit Custom duty on raw Exempt on inputs, Exempt on inputs and Custom duty 6...

Report No. 9 of 2015 (Performance Audit) Chapter 1: Introduction 1.1 Background The Export Oriented Unit Scheme (EOU) was launched in December 1980, eighteen years after the first export processing zone (EPZ) was formed in Kandla and twenty years...

Report No. 9 of 2015 (Performance Audit) Executive Summary [Background The Export Oriented Unit Scheme (EOU) was launched in December 1980, eighteen years after the first export processing zone (EPZ) was formed in Kandla and twenty years before...

Report No. 9 of 2015 (Performance Audit) Chapter 2: Performance of EOUs and system issues 2.1 Declining trend of EOUs EOU scheme was primarily designed for the promotion and growth of manufacture and export of value added products. The EOU scheme...

Report No. 9 of 2015 (Performance Audit) Chapter 3: Internal control, audit and monitoring 3.1 Internal audit arrangement No impact assessment was done before implementing EOU scheme by DoC. Neither was any midterm evaluation done while implementing ...

Report of the Comptroller and Auditor General of India for the year ended March 2014 Performance of 100% Export Oriented Unit (EOU) scheme Union Government Department of Revenue Indirect taxes - Customs No. 9 of 2015 Laid on the table of Lok...

Report No. 9 of 2015 (Performance Audit) Abbreviation APR Annual Performance Report/Annual Progress Report BOA Board of Approval BTP Bio Technology Park BLUT Bond cum Legal Undertaking BCD Basic Customs Duty CBEC Central Board of Excise and Customs...

Report No. 16 of 2015 Chapter 3 - Achievement of objectives of NBS Policy Nutrient Based Subsidy (NBS) Policy implied that subsidy would be fixed for each nutrient contained in the fertilizers. With the subsidy remaining fixed, selling price of...

ANNEXURES Report No.8 of 2015 - Union Government (Indirect Taxes - Customs) Annexure -1 (Reference: Paragraph 1.25) _(lakh K) SI Draft Field office Brief subject Amount Amount Amount Name of the No. Audit name objected Accepted recovered...

Report No.8 of 2015 - Union Government (Indirect Taxes - Customs) CHAPTER VII 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...

Report No.8 of 2015 - Union Government (Indirect Taxes - Customs) CHAPTER V INCORRECT APPLICATION OF GENERAL EXMEPTION NOTIFICATIONS The Government under section 25 (1) of the Customs Act, 1962 is empowered to exempt either absolutely or subject to ...

Report No.8 of 2015 - Union Government (Indirect Taxes - Customs) CHAPTER I DEPARTMENT OF REVENUE -CUSTOMS REVENUE 1.1 Resources of the Union Government The Government of India's resources include all revenues received by the Union Government, all...

Report No.8 of 2015 - Union Government (Indirect Taxes - Customs) CHAPTER IV ASSESSMENT OF CUSTOMS REVENUE We found from test check (August 2010 to March 2014) of records, a few cases of incorrect assessment of customs duties having revenue...

Report No.8 of 2015 - Union Government (Indirect Taxes - Customs) CHAPTER VI MIS-CLASSIFICATION OF GOODS During test check (May 2012 to April 2014) of records, we noticed that assessing officers mis-classified various imported goods which caused...

Report No.8 of 2015 - Union Government (Indirect Taxes - Customs) CHAPTER II Working of Directorate of Revenue of Intelligence 2.1 Introduction The Directorate of Revenue Intelligence (DRI) was constituted on 4 December 1957 and exercises all the...

Report No.8 of 2015 - Union Government (Indirect Taxes - Customs) EXECUTIVE SUMMARY The Report has a total revenue implication of ? 2428 crore covering 150 paragraphs and four long thematic paragraphs. This includes 92 paragraphs involving money...

Report No.8 of 2015 - Union Government (Indirect taxes - Customs) Glossary of terms and abbreviations Expanded form Abbreviation Accreduted Client Programme ACP Advance authorization AA Authorised Economic Operator AEO Advance release order ARO...

Report of the Comptroller and Auditor General of India for the year ended March 2014 Union Government (Department of Revenue -Customs) (Compliance Audit) No. 8 of 2015 Report No.8 of 2015 - Union Government (Indirect Taxes - Customs) TABLE OF...

Report No. 7 of 2015 (Indirect Taxes-Central Excise) Chapter III Central Excise duty on Petroleum; Oil and Lubricant products 3.1 Introduction The Mineral fuels, Mineral Oils and products of their distillation, bituminous substances and mineral...

Report No. 7 of 2015 (Indirect Taxes-Central Excise) Chapter V Non-Compliance with Rules and Regulations 5.1 Introduction We examined the records maintained by the assessees in relation to the payment of Central Excise duty and checked the...

Report No. 7 of 2015 (Indirect Taxes-Central Excise) Chapter II Central Excise Duty on Iron and Steel Products and articles thereof 2.1 Introduction India is the fourth largest steel producer in the world and Iron and steel was among the top three...

Report No. 7 of 2015 (Indirect Taxes-Central Excise) Chapter VI Effectiveness of Internal Controls 6.1 Introduction Internal control is an integral process carried out by an entity's management and personnel which is designed to address risks and...

Report No. 7 of 2015 (Indirect Taxes-Central Excise) Chapter IV Scrutiny of Central Excise returns 4.1 Introduction CBEC introduced self-assessment in respect of Central Excise in 1996. With the introduction of self-assessment, the department also...

APPENDICES Report No. 7 of 2015 (Indirect Taxes-Central Excise) Appendix I (Reference: Paragraph 1.3) Organisational Chart of Central Board of Excise and Customs Chairperson CBEC Member Member Member Member Member Member (Budget) (Customs) (Central...

?Hr^Aet Report of the Comptroller and Auditor General of India for the year ended March 2014 Union Government Department of Revenue (Indirect taxes - Central Excise) Report No. 7 of 2015 Report of the Comptroller and Auditor General of India for the ...

Report No. 7 of 2015 (Indirect Taxes-Central Excise) Executive Summary This Report has 68 audit observations on Central Excise duties, having financial implication of ? 125.11 crore. The Ministry/Department had, till December 2014, accepted audit...

Report No. 7 of 2015 (Indirect Taxes-Central Excise) Glossary AC Assistant Commissioner ACES Automation of Central Excise and Service Tax ADB Asian Development Bank ADG Additional Director General BCD Basic Customs Duty BE Budget Estimate Board...

Report No. 4 of 2015 (Indirect Taxes -Service Tax) Chapter III Service Tax liability in Port sector 3.1 Introduction Service Tax on 'Port Services' provided by the major ports and their authorised persons was introduced with effect from 16 July 2001 ...

Report No. 4 of 2015 (Indirect Taxes - Service Tax) Chapter VII Effectiveness of internal controls 7.1 Introduction Internal control is an integral process that is effected by an entity's management and personnel and is designed to address risks...

Report No. 4 of 2015 (Indirect Taxes -Service Tax) Chapter V Scrutiny of Service Tax returns 5.1 Introduction CBEC introduced self-assessment in respect of Service Tax in 2001. With the introduction of self-assessment, the department also provided...

Report No. 4 of 2015 (Indirect Taxes-Service Tax) Chapter VI Non-compliance with rules and regulations 6.1 Introduction We examined the records maintained by assessees in relation to the payment of Service Tax and checked the correctness of tax...

Report No. 4 of 2015 (Indirect Taxes - Service Tax) Glossary ACES Automation of Central Excise and Service Tax BE Budget Estimate Board Central Board of Excise & Customs (CBEC) CAAT Computer Aided Audit Technique CBDT Central Board of Direct Taxes...