Audit Reports

is the backbone of the country's transport infrastructure integrating market and connecting communities across the length and breadth of the country. Despite encouraging growth of freight, the market share of IR in freight sector has declined substantially from 53 to about 35 per cent during the...............

Public Private Partnership projects in Indian Railways Chapter 2 Selection of Private Partners Sound investment decisions are fundamental as they significantly affect the financial health of an organization in the long run. The economic viability of an...............

Successful implementation of a project through concessionaires depends upon the clear formulation of terms and conditions of the execution of project with reference to the objectives that the Concessioning Authority intended to achieve. RVNL was mandated to implement railway infrastructure...............

We requested the Commissionerates (November 2013) to provide us the details of any such analysis done in respect of automobiles and automotive parts manufacturing sector. Thirty-nine out of the selected 40 Commissionerates6 intimated that they had not undertaken any analysis of the sector................

is adequately placed to safeguard the interests of revenue through its compliance verification mechanisms, annual analyses of tax payers and defaulters, monitoring of exemptions etc. While doing so, we also looked into the adequacy of the Rules and extant instructions in ensuring proper...............

Report No. 33 of 2014 (Performance Audit) Chapter 3 : Valuation of excisable goods During the course of this audit, we observed 25 cases of incorrect valuation of excisable goods with duty impact of ' 547.93 crore. These had not...............

(i) Test-check of records of M/s GKN Driveline (I) Ltd. in Delhi-LTU Commissionerate revealed that the assessee's balance sheets for the years 2010-11, 2011-12 and 2012-13 depicted reimbursement of expenses of' 1.42 crore, ' 1.37 crore and ' 2.66 crore respectively. We observed that the...............

were completed within estimated cost, desired timeframe and in cases of any delay/default; appropriate steps had been considered/taken as per MCA/CA. 1.10 Audit methodology and Criteria Sample audit of a few Project Implementation Units (PIUs) of NHAI was conducted during November 2011 to...............

ANNEXURES Report No. 36 of 2014 Annexure -1 (Para 5.1, 5.2.2, 5.2.3, 5.3) Delays at various stages of approval in fulfilling conditions precedent SI. Name of project Date of Date of Delay Scheduled Actual Delay from Actual...............

However, neither MCA nor draft concession agreement, which is part of RFP documents, contained any provision for imposition of penalty for delay. Annexure-1 gives the status of delays in signing CA beyond the prescribed period of 45 days. Out of 94 projects reviewed, delay in 21 projects in...............

(Para 5. 8) In four projects, NHAI prematurely released VGF amounting to 769.53 crore in contravention of the provisions of MCA. (Para 7.6) NHAI is managing its staff strength mostly with officials on deputation from other government departments and by appointing consultants................

Report No. 36 of 2014 Chapter - 6 ta As per Rule 3(2) of NH Fee Rules 2008, NHAI is required to commence collection of toll within 45 days from the date of issue of provisional completion certificate or issue of notification, whichever is later. NHAI circular dated 16 September...............

Report No. 36 of 2014 Chapter - 8 Conclusion In order to reduce dependency on its finances, bring in professional project management practices and improved technology for better quality of construction, Gol had...............

Paragraph No. Topics CA 20 of 2009-10 15.1. 2, 15.1.3 Incorrect availing of exemption 15.1.5 Irregular DTASale No. 14 of 2009-10 (CA) 2.1.1, 2.1.2 and Short/Non-levy of education cess on DTA 2.1.3 clearance 2.1.5 Incorrect reimbursement of Central Sales Tax 2.1.7 and 2.1.9...............

In addition, we noted a trend wherein developers approached the government for allotment/purchase of vast areas of land in the name of SEZ. However, only a fraction of the land so acquired was notified for SEZ and later de-notification was also resorted to within a few years to benefit from...............

Preface Power Grid Corporation of India Limited (PGCIL). a Navratna Central Public Sector Enterprise, is mandated under the Electricity Act to ensure development of an efficient, coordinated and economical system of inter state transmission lines for smooth flow of electricity from generating...............

In 1984, a working group constituted by Government of India (GOI) for development of 'National Grid’ recommended formation of a separate central sector corporation for manning, constructing, operating and maintaining transmission facilities in the country. Accordingly, Power Grid...............

Records relating to conceptualisation and planning of 20 selected transmission projects taken up for implementation during April 2007 to March 2012 along with the status of augmentation to the transmission network made by PGCIL up to March 2013 were examined in audit. Results of the...............

and Project Funding 5.1 Investment approval The Report on the Working Group on Power for XI Plan inter alia stated (February 2007) that it is desirable that the project is defined to finer details to the extent possible at the Feasibility Report (FR)/Notice Inviting Tender (NIT) stage for...............

Government decided to adopt the Public Private Partnership (PPP) mode in modernisation of existing airports as well as development of new airports. It was decided with the approval of Cabinet (September 2003) that restructuring of Delhi and Mumbai airports would be undertaken through the...............

The licensee is also liable to pay for security component to any security agency designated by the Central Government for providing security service at the airport. Article 12.4.1 of OMDA stipulates that PSF shall be collected and disbursed in accordance with the provisions of SSA. Clause 3.1 A.l...............

The prices of most commonly consumed petroleum products viz. High Speed Diesel1 (HSD, commonly called Diesel], Liquefied Petroleum Gas (LPG, Domestic), and Superior Kerosene Oil (PDS - SKO, commonly called Kerosene Oil) are regulated and these three products come under the category of regulated...............

in crore Sr. Name of the borrower GLO Offer made by No the borrower 1 Dynamic Logistics Pvt. Ltd. 8.00 16.54 2 Super Forging and Steels Ltd. 4.75 4.50+0.25* TOTAL 12.75 21.29 (Note * 25 lakh paid in April 20t 18 before the offer) Of these two cases, the first case is sub judice and in the...............

of Assets after the formation of the Trust Between September 2004 and May 2005, IDBI, by executing six transfer/assignment/transfer of mortgage deeds, assigned 636 stressed assets with net loan outstanding of? 9,004 crore to SASF. However, IDBI Bank submitted (February 2006 / April 2006)...............