Audit Reports

2.2.8.4 Loss d ue to non -receipt of payments from FCI HAIC & HSWC procures foodgrains by utilising CCL sanctioned b y SBI and during 2013 -15 the prevailing rate of interest was 11.79 per cent per annum . The delayed realisation of payments extends the repayment period of these limits and.........

Sewerage treatment plant (STP) Project (December 2011), mobilisation advance was given to him at an interest rate of 14.25 per cent per annum as per SBI norms whereas, in other nine p rojects, the advance was given to contractor at the interest rat e of 10 per cent . Thus, due to lack of fixing.........

Agreement between SBI and the State Government on behalf of the procuring agencies provided that the value of hypothecated stocks should fully match with the CC outstanding. However, we observed that the Company was availing CC much above the value of closing stock i.e. the value of.........

December 2003 (including interest and penal interest) ( `) 10622916 Excess payment made by C-DAC ( `) 9177084 Period Rate of interest as per PLR of SBI (in per cent ) Amount of fund on which interest could have been earned* ( `) Amount of interest ( `) 24.10.2004 to 24.04.2005 10.75 9177084.........

During the financial year 2014-15 the Custom Receipts of ` 1,88,016 crore grew by nine percent over the previous financial year accounting for 34 percent of Indirect Tax revenue and 15 percent of Gross tax revenue. The ratio of Customs duty...

Table 1.13(a) depicts details of Central Excise units due for audit (during FY15) by audit parties of the Commissionerates vis-à-vis units audited. Table 1.13(a): Audits of assessees conducted during FY15 Slab of annual duty (PLA+Cenvat) Periodicity Number of units due Number of units audited.........

have been credited to the Security Redemption Fund in the Public Account with the sole purpose to retire the special securities of ` 9,996 crore to SBI on some future date. The records of the Department of Economic Affairs revealed that the said Fund had not yet been created despite pointing out.........

Indian Overseas Bank, ING Vysya Bank-two accounts, Andhra Bank), RWS, Peddapally operated four bank accounts (State Bank of Hyderabad, Indian Bank, SBI and Axis Bank), RWS, Vemulavada operated ten bank accounts (Vijaya Bank - three accounts, IDBI Bank - three accounts, Axis Bank-three accounts.........

have been credited to the Security Redemption Fund in the Public Account with the sole purpose to retire the special securities of ` 9,996 crore to SBI on some future date. The records of the Department of Economic Affairs r evealed that the said Fund had not yet been created till September.........

of West Bengal expressed their unwillingness to take part in the JV due to its financial crunch. Thereafter, HPCL appointed M/s SBI Capital Markets Limited (SBI CAPS) to carry out a detailed study of financial, legal, accounting and tax due diligence as well as valuation of DCC. SBI CAPS.........