Audit Reports

The delays wherever observed were mainly on account of pending information from the applicants. However, this time period is under review and IREDA endeavors to reduce the time of sanction by way of improvement in the systems and procedures. 3.3.2 The PIDMOS data indicated that 10 projects (4.74......

The Management stated (April 2014) that the borrower settled the account with IREDA and paid the entire loan outstanding as per OTS sanction. The implementation of the project was delayed due to various reasons. As regards the use of coal for operation of the plant, the same needs to be......

Thus, an amount of? 237.85 crore (53.25 per cent) was sacrificed by IREDA on account of write off of principal and waiver of interest. Further, out of the 17 OTS cases selected by Audit for scrutiny, it was observed that in 14 cases, IREDA deviated from the OTS/Financing guidelines by allowing......

Other control: issues relating to PIDMOS database, i) Credit Rating of projects by its reconciliation with financial independent rating agencies has accounting and manpower etc. were been introduced. yet to be addressed. ii) Lender’s Engineers/ Concurrent Engineers/ Auditors are being appointed......

BG Bank Guarantee 4. BIFR Board for Industrial and Financial Reconstruction 5. BOD Board of Directors C 6. CA Chartered Accountant 7. CMD Chairman & Managing Director 8. CPSE Central Public Sector Enterprise 9. CRISIL Credit Rating Information Services of India Limited D 10. DPE Department of......

23 September 2011. Subsequently, it was observed that while revising MRP of DAP in May 2012, the cost component of ?142 PMT on account of loss on sale of bond was excluded. Thus, recovery of loss on account of sale of bonds amounting to ?9.89 crore32 (during the period 23 September 2011 to 30......

NBS Policy, Gol announces fixed rate of subsidy (in terms of per kg) on each nutrient of subsidized P&K fertilizers on annual basis taking into account relevant factors such as international prices, exchange rate, inventory level and prevailing maximum retail prices of P&K fertilizers. The......

Financial impact on account of this non-recovery could not be worked out by Audit due to non-availability of data on use of Ammonia for production of Urea vis-a-vis P&K fertilizers. (Para 4.4) Monthly Supply Plan (MSP) in respect of decontrolled P&K Fertilizers, as issued to fertilizer......

Annexures Report No. 16 of 2015 Annexure I (referred to in para 1.3) List of fertilizers covered under NBS Policy S. No. Name of the fertilizer 1. DAP (18-46-0-0) 2. DAP Lite (16-44-0-0) (included in 2010-11) 3. MAP (11-52-00) 4. TSP (0-46-0-0) 5....

by the company on 25 August 2012 in respect of the remittances received for rendering of services and as per the Certificate issued by the Chartered Accountant furnished as Annexure to ANF 3B, the Foreign exchange earned during the year 2011-12 was 3458.59 lakh only. However, while filing the......

of gold at All India level because of increase in import duties, other government measures to regulate import of gold for improving the current account deficit. It was seen that total amount of seizures at all India level have gone up from 2156.50 crore to 2271.82 crore. Maximum rise was......

The revenue realised by the customs department due to use of valuation tools in comparison with total customs revenue and revenue realised by DRI on account of undervaluation is tabulated below. Table 3.3: Revenue realised using valuation tools Cr.? (*) Union Receipts Budget, CBEC- DDM From above......

8.5.5 Invalid IEC Allotment date Only one Importer Exporter Code (IEC) is allowed against a single Permanent Account Number (PAN) issued by Department of Income Tax (Paragraph 2.9 of HBP). The IEC data indicates the genuineness of an exporter/ importer and determines his/her unique identity......

Despite specific directions for ensuring the accountability for time and cost overrun, the Director (Projects) was appointed only in June 2009. Meantime, during the intervening period of 44 months, four Functional Directors and CMD held additional charge of Director (Projects). Examination in......

on Petroleum and Natural Gas for the XI and XII Plan anticipated increase in requirement of NG in the fertilizer sector to meet expected increase on account of conversion of liquid fuel based plants to NG/re-gasified LNG (R-LNG) based plants, expansion of plants, revival of closed units, setting......

GAIL also maintains a gas pool account on behalf of Gol to take care of gain or loss from supply of APM/non-APM gas to consumers of APM/non-APM gas. Therefore, GAIL is required to exercise prudent control over the gas supply transactions to ensure that supply of NG is in line with the gas......

On account of inordinate delay in execution of four pipeline projects, MoPNG cancelled (October 2012) the authorisation issued to RGTIL/Relog on the recommendation of PNGRB and was yet to take action (October 2014) in respect of Jagdishpur- Haldia pipeline which was authorised to GAIL.......

83 Report No. 6 of 2015 Annexure 17 (b) (Referred in to Para 5.3.1) Statement showing loss of production of urea on account of non-utilisation of APM gas for specified purpose with resultant subsidy outgo 2010-11 2011-12 Particulars KSFL CFCL-I & II TCL KSFL CFCL I & II IGFL 1 Available......

Similarly, requirement of NG for fertilizer sector was expected to increase on account of conversion of liquid fuel based plants to NG/Re-gasified LNG (R-LNG) based plants, expansion of plants, revival of closed units, setting up of new plants etc. This translated into increase in demand of......

Similarly, instances of underutilization of capacity of plants in fertilizer and power sectors on account of non-availability of NG leading to loss of production and increase in cost of production due to use of alternate costlier feedstock/fuels have also been noticed. In fertilizer sector, Gol......

DoF was not yet reimbursing marketing margin as demanded by the contractor to the fertilizer units and subsidy claims on account of marketing margin on KG D6 gas were kept pending from 2009-10. If DoF decides to reimburse marketing margin as charged by the contractor and requested by fertilizer......

liquors for human consumption, opium, Indian hemp and other narcotic drugs and narcotics but including medicinal and 1 Source: Union Finance Accounts of FY 14. The figures are provisional. Direct Tax Receipts and Indirect Tax Receipts including other taxes have been worked out from the......

The difference between the actual sales tax collected from customers and the payment made at NPV was shown as other income in the accounts. Sales Tax amount collected but not paid to the Government was liable to be added as additional income in the assessable value. Non-inclusion of the......

(Paragraphs 1.5) Revenues forgone on account of Central Excise exemptions was 1,95,679 crore ( 1,77,680 crore as general exemptions and 17,999 crore as area based exemptions) which is 115 per cent of the revenues from Central Excise. (Paragraph 1.11) Arrears pending for recovery have......

Director General BCD Basic Customs Duty BE Budget Estimate Board Central Board of Excise and Customs CAAT Computer Assisted Audit Techniques CAS Cost Accounting Standards CBDT Central Board of Direct Taxes CBEC Central Board of Excise and Customs Cenvat Central Value Added Tax CERA Central Excise......

Kerala, Maharashtra, Tamil Nadu and West Bengal, figures of total expenditure and expenditure on agriculture and allied sectors have been taken into account due to non-availability of figures of allocation. 24 Performance Audit of Rashtriya Krishi Vikas Yojana Report No. 11 of 2015 4.4......

for the period 2009-10 to 2011-12 collected as ‘farmers contribution/contribution from the community’ was irregularly parked in the bank account of the implementing agency. 4. Gujarat Marketing Convergence of State Plan (Kisan Kalpvriksha Yojana- 39.54 KKVY) with RKVY - (2011-12) -......

Grants of 759.03 crore were found parked in Personal Ledger Accounts/Personal Deposit Accounts/Savings Bank Account/etc. in 11 States. In four States, diversion of RKVY grants of 114.45 crore for other purposes was noticed in audit. Performance Audit of Rashtriya Krishi Vikas......

f \ Recommendation 1: The Ministry should ensure that plans are prepared after taking into account the agriculture needs of the area and agro- climatic conditions. V_J 12 Performance Audit of Rashtriya Krishi Vikas Yojana Report No. 11 of 2015 C-\ Recommendation 2: The Ministry should ensure......

f \ Recommendation 1: The Ministry should ensure that plans are prepared after taking into account the agriculture needs of the area and agro- climatic conditions. V_J 12 Performance Audit of Rashtriya Krishi Vikas Yojana Report No. 11 of 2015 C-\ Recommendation 2: The Ministry should ensure......

Grants of 759.03 crore were found parked in Personal Ledger Accounts/ Personal Deposit Accounts/Savings Bank Account/Fixed Deposit Account in 11 States. In four States, diversion of RKVY grants of X 114.45 crore for other purposes was noticed in audit. Besides, Audit also noticed various......

to draw up plans for their agricultural sector more comprehensively taking agro climactic conditions, natural resource issues and technology into account, and integrating livestock, poultry and fisheries more fully. The NDC aimed to achieve four per cent annual growth in the agricultural......

to all States in December 2008, therefore the year 2007-08 has been excluded and meetings of SLSC to he held from 2008-09 have been taken into account for calculating the shortfall. Performance Audit of Rashtriya Krishi Vikas Yojana 85 Report No. 11 of 2015 Scrutiny of records in 15 out of......

ANNEXURES Report No. 20 of 2015 Annexure-I (Para 2.2) Statement showing calculation of cost recoverable on account of GSM spectrum holdings above prescribed 2G spectrum by the TSPs ( in crore) SI. Date of Name of Name of 2G 2G Reserve Cost of No.......

(NeGP) and Delivery of Services to common citizens through Common Service Centres (CSCs) 4.1.1 Introduction In order to bring about ‘Simple, Moral, Accountable, Responsive and Transparent’ (SMART) governance1, Union Cabinet approved (May 2006) an integrated approach for implementation of......

Thus after having deferred the initial decision of merger on account of issues relating to Spectrum availability, Entry fee, Licence Fee etc., DoT took decision (August 2005) for merger of Chennai Metro and Tamil Nadu Telecom Circles without any cost benefit analysis of the proposal for the......

However, the Income Tax authorities started issuing notices to BSNL's field units on account of failure to deduct TDS on trade discount offered to franchisees since it was considered by them that the same was equivalent to commission. In view of Hon'ble Delhi High Court decision in favour of......

(Commercial) 5.11 141 Chapter VI: General Follow up on Audit Reports-(Civil) 6.1 143 Annexures I Statement showing calculation of cost recoverable on account of 147 GSM spectrum holdings above prescribed 2G spectrum by the TSPs 11(a) Statement showing the additional spectrum usage charges on 149......

1 Audit of (i) all expenditure from the Consolidated Fund of India, (ii) all transactions relating to Contingency Funds and Public Accounts and (iii) all trading, manufacturing, profit and loss accounts, balance-sheets and other subsidiary accounts 2 Audit and report on the accounts of stores and......

the following general objectives are being achieved: executing orderly, ethical, economical, efficient and effective operations; fulfilling accountability obligations; complying with applicable laws and regulations ; safeguarding resources against loss, misuse and damage.17 7.2......

Wings Limited, in Mumbai ST I Commissionerate, was paying Service Tax on abated value claiming exemption under notification dated 23 August 2007 on account of tour operator services. Audit noticed that the assessee did not pay Service Tax on gross amount of commission received in Indian currency......

Unit Ministry / Ministry of Finance (Department of Revenue) Department MIS Management Information System MTR Monthly Technical Report PAN Permanent Account Number PD Principal Director PLA Personal Ledger Account PSU Public sector undertaking R & C Review and Correction RA Bill Running Account......

44 Report No. 4 of 2015 (Indirect Taxes - Service Tax) 3.6.2.1 Non maintenance of separate account for taxable and exempted service Rule 6(1) of Cenvat Credit Rules, 2004, envisages that Cenvat credit shall not be allowed on such quantity of input or input service which is used in the......

liquors for human consumption, opium, Indian hemp and other narcotic drugs and narcotics but including medicinal and 1 Source: Union Finance Accounts of FY 14. The figures are provisional. Direct Tax Receipts and Indirect Tax Receipts including other taxes have been worked out from the......

a) We noticed during the examination of ST-3 returns, books of accounts and Service Tax records of two mandap keepers in Jaipur-1 Commissionerate and five mandap keepers in Jaipur-ll Commissionerate that the assessees let out their banquet halls along with rooms and catering for particular......

67 Report No. 4 of 2015 (Indirect Taxes - Service Tax) In case the service provider fails to maintain separate accounts relating to taxable and exempted services, then as per rule 6(3), the assessee shall follow either of the following options, as applicable to him, namely:- (i) the manufacturer......

Other direct taxes including Wealth Tax2, Securities Transactions Tax3 etc. 1 Source: Draft Union Finance Accounts of FY 2013-14. Direct Tax Receipts and Indirect Tax Receipts including other taxes have been worked out from the draft Union Finance Accounts of FY 2013-14. 2 Tax chargeable on......

The revenue foregone on account of tax exemptions increased from 1.02 lakh crore in FY 2012-13 to 1.16 lakh crore in FY 2013-14. It is increasing in absolute terms since FY 2010-11. The number of non-corporate assessees decreased from 367.87 lakh in FY 2012-13 to 304.03 lakh in FY 2013-14......

The Ministry stated (December 2014) that the delay in disposal of 44 cases was on account of pending litigation before the Hon'ble Allahabad High Court. These cases were taken up for disposal after decision of the Hon'ble High Court. The Hon'ble Supreme Court granted the stay in four cases on......

Tax DT Direct Taxes DOR Department of Revenue FY Financial Year GDP Gross Domestic Product GTR Gross Tax Revenue ICAI Institute of Chartered Accounts of India IT Income Tax ITAT Income Tax Appellate Tribunal ITBA Income Tax Business Application ITD Income Tax Department ITDMS Integrated......