Audit Reports

04 May 2012

Compliance

Report No. 31 of 2011 - Compliance Audit on Indirect Taxes – Customs Union Government, Department of Revenue

2.1.1 Export proceeds realisation Under paragraph 6.12 (d) of the FTP 2004-09, the export proceeds have to be realised within 12 months of exports. The guidelines for monitoring the performance of Export oriented units (EOU)/Software technology park (STP) issued vide Appendix 14-I-G of the HBP,...

Sector:

Taxes and Duties

Chapter 2 - Duty exemption/remission schemes

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units (EOUs)/Export processing zones (EPZs)/Special economic zones (SEZs) scheme 2.1.1 Export proceeds realisation Under paragraph 6.12 (d) of the FTP 2004-09, the export proceeds have to be realised within 12 months of exports. The guidelines for monitoring the performance of Export oriented...

Glossary of terms and Abbreviations

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Export Oriented Unit EOU Export Performance EP Export Promotion Capital Goods EPCG Export Processing Zone EPZ Free on Board FOB Foreign Trade Policy FTP Hand Book of Procedures HBP High speed diesel HSD Harmonised system of nomenclature HSN High sea sale HSS Inland Container Depot ICD Joint...

Chapter 3 - Incorrect assessment of customs duties

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Report No. 31 of 2011-12 - Union Government (Indirect Taxes - Customs) CHAPTER III INCORRECT ASSESSMENT OF CUSTOMS DUTIES We found a few cases of incorrect assessment of customs duties during test check, having an implication of ? 28.25 crore. They ...

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08 September 2011

Compliance

Report No. 20 of 2011 - Compliance Audit on Air Force and Navy, Union Government, Defence Services

The time frame envisaged under the FTP from the initiation of proposal to contract signing is three and a half to five months. A Precision Approach Radar (PAR) is an important navigation equipment which is used for guiding the aircrafts for landing on the runway. It is an essential aid as the...

Sector:

Defence and National Security

Chapter 2 - Ministry of Defence

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The time frame envisaged under the FTP from the initiation of proposal to contract signing is three and a half to five months. A Precision Approach Radar (PAR) is an important navigation equipment which is used for guiding the aircrafts for landing on the runway. It is an essential aid as the...

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04 September 2012

Compliance

Report No. 8 of 2012 - Compliance Audit on Observations of Union Government, Commercial

This Report includes important audit findings noticed as a result of test check of accounts and records of Central Government Companies and Corporations conducted by the officers of the Comptroller and Auditor General of India under Section 619(3)...

Sector:

Finance

Chapter – 11 Ministry of Petroleum and Natural Gas

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Report No. 8 of 2012-13 CHAPTER XI: MINISTRY OF PETROLEUM AND NATURAL GAS v V Balmer & Lawrie & Company Limited 11.1 Performance of Tours and Travel Division 11.1.1 Introduction Balmer Lawrie & Company Limited (Company), a company under the Ministry ...

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13 August 2013

Compliance

Report No. 11 of 2013 - Compliance Audit on Railway, Union Government (Railway)

12123/24 Deccan Queen 12139/40 Nagpur Sevagram Exp. CNB FTP PHD NIL BDL TBT 11124 Chhapra Exp. Jhansi LAR Babina KSV Bad 12033 Shatabdi AGC 361/51901 Pass. 12625 Kerala Exp 14215 pass. Jaipur Ajmer Nagour NIL Devpura Rana Pratap Nagar19708 Exp. Jodhpur Bikaner Hanumangarh Karjoda Jalore 12988...

Sector:

Transport & Infrastructure

Annexures

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CR 12123/24 Deccan Queen 12139/40 Nagpur Sevagram Exp. CNB FTP PHD NIL BDL TBT 11124 Chhapra Exp. Jhansi LAR Babina KSV Bad 12033 Shatabdi NCR AGC 361/51901 Pass. 12625 Kerala Exp 14215 pass. Jaipur Ajmer Nagour NIL Devpura Rana Pratap 19708 Exp. Nagar Jodhpur Bikaner Hanumangarh Karjoda Jalore...

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08 August 2013

Compliance

Report No. 13 of 2013 - Compliance Audit on Observations of Union Government, Commercial

This Report includes important audit findings noticed as a result of test check of accounts and records of Central Government Companies and Corporations conducted by the Comptroller and Auditor General of India under Section 619(3) (b) of the...

Sector:

Finance

Chapter 1 - Department of Atomic Energy

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The additional financial implication of 5.93 crore towards excise duty due on non-availment of fiscal benefit under FTP by NPCIL as pointed out by Audit would be considerably reduced, if the additional cost of two crore that had to be incurred by firm other than L&T was taken into...

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13 August 2013

Compliance

Report No. 14 of 2013 - Compliance Audit on Customs Union Government, Department of Revenue

(Indirect taxes ‐ Customs ) viii Expanded form Abbreviation Free on Board FOB Foreign Trade Policy FTP Gross Domestic product GDP Hand Book of Procedures HBP High speed diesel HSD Harmonised system of...

Sector:

Taxes and Duties

Chapter 2 - Duty Exemption/Remission Schemes

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Ministry response had not been received (March 2013). 2.21 DGFT, Delhi stated (December 2012) that there is no stipulation in the FTP/HBP that while calculating the SFIS entitlement, the copy right component is to be equated as 'goods' and excluded. DGFT, Delhi further added that that...

Glossary of terms and Abbreviations

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Act FRBM vii Report No.14 of 2013 - Union Government (Indirect taxes - Customs) Expanded form Abbreviation Free on Board FOB Foreign Trade Policy FTP Gross Domestic product GDP Hand Book of Procedures HBP High speed diesel HSD Harmonised system of nomenclature HSN High sea sale HSS Information...

Appendices

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Report No.14 of 2013 - Union Government (Indirect Taxes - Customs) Appendix 1 (Reference paragraph 1.5) Organisational Structure of Audited entity 1. The Department of Revenue (DoR) of MOF functions under the overall direction and control of the...

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06 August 2010

Performance

Report No. 15 of 2010 - Performance Audit of Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal and articles thereof, imitation jewellery, coin

In the New Annual Suppl ement to FTP (2004-2009), duty free import of machinery, precious metals and gems was allowed. In the Union Budget for the year 2007-08, import duty on cut and polished diamonds was abolished, import duty on un-worked co rals and rough synthetic stones was reduced and...

Sector:

Taxes and Duties

Chapter 3 - Obligations of exporters for availing benefits of promotional measures

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3.3 Export obligation 3.3.1 In terms of paragraph 5.1 of FTP We found that the RLA at Surat had issued 150 (2004-09) (as on 1 April 2005), an EPCG EPCG licences with three licence holder has to export goods which are per cent duty to 34 equal to eight times the amount of duty saved on the...

Chapter 2 - Findings on rules, regulations, and systems

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are treated as ‘deemed exports’2 for the former, who become eligible for matching duty free imports under the exemption remission schemes of FTP. By the same analogy, procurement from DTA by EOU/SEZ unit should also be considered as ‘deemed imports’ for the SEZ unit. Two cases of...

Chapter 1 – Introduction

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In the New Annual Supplement to FTP (2004-2009), duty free import of machinery, precious metals and gems was allowed. In the Union Budget for the year 2007-08, import duty on cut and polished diamonds was abolished, import duty on un-worked corals and rough synthetic stones was reduced and all...

Chapter 4 - Implementation of the export promotion schemes

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4.1 Limits on sub-contracted work According to paragraph 6.14 of FTP 2004-09, Our scrutiny of the records EOUs can sub-contract to DTA, upto 50 per of 61 SEZ units and 18 cent of the overall production of the previous EOUs under customs year in value terms. Similarly, SEZ Rules...

Glossary of Terms and Abbreviations

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Oriented Unit EOU Export Promotion Capital Goods EPCG Foreign Trade (Development and Regulation), Act, FT (D&R) Act, 1992 1992 Foreign Trade Policy FTP Free on Board FOB Gems and Jewellery Export Promotion Council GJEPC Gross Domestic Production GDP Hand Book of Procedures HBP Indian Customs...

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07 May 2010

Performance

Report No. 4 of 2010 - Performance Audit of Accelerated Irrigation Benefits Programme AIBP of Union Government, Ministry of Water Resources

Responding to a sudden decline during the VIII Plan in the rate of creation of additional Irrigation Potential (IP) and reduced allocation of funds by the States to the irrigation sector, Gol launched the Accelerated Irrigation Benefits...

Sector:

Agriculture and Rural Development

List of Abbreviations

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Reports DTW Deep Tube Well EE Executive Engineer E-in-C Engineer-in-Chief ERM Extension, Renovation & Modernisation FIP Flow Irrigation Project FTP Fast Track Project GCS General Category States Gol Government of India ha Hectare ip Irrigation Potential K.T. Weirs Kolhapur Type Weirs KBK...

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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

authorisation holder was equivalent to five times the duty foregone under FTP, 2004‐09, which was revised to eight times under FTP 2009‐14. The average EO is the arithmetic mean of ...

Sector:

Taxes and Duties

Chapter 2 - Verification of applications

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by considering only countervailing duty (CVD) whereas the notional customs duty was also required to be included as per paragraphs 5.6 and 5.7 of FTP. This was not verified by the RLA and resulted in short fixation of EO by 19.31 crore. The RLA 8 Report No. 22 o/2011-12 (Indirect Taxes -...

Chapter 3 - Fixation of Export Obligation

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The specific EO imposed on an authorisation holder was equivalent to five times the duty foregone under FTP, 2004-09, which was revised to eight times under FTP 2009-14. The average EO is the arithmetic mean of exports of the same and similar products, made in previous three years by the...

Chapter 4 - Licenses issued to ineligible applicants and defaulters

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We observed that the licences issued were irregular as the provisions of‘deemed export’ in terms of paragraph 8.1 of FTP apply only to supply of goods and not to rendering of services. Thus, the entities were ineligible for grant of EPCG licence. We further noted that the DGFT, HQ...

Chapter 5 - Import and installation of capital goods and progress report of export obligation fulfillment

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RLAs were directed to monitor and ensure compliance. The directions under the circular were also incorporated in the FTP 2009-14 in paragraph 5.2. We found that the RLAs did not have any mechanism to monitor the receipt of the registration certificates. Of 101 cases scrutinised by us in...

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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The rate admitted for payment of deemed export duty drawback, is fixed by the jurisdictional Jt. DGFT. 9 As per para 8.2 of FTP 2009-14, supply of goods by DTA supplier i) against Advance Authorisation/DFIA for intermediate supplies, ii) to units located in EOU, STP etc, iii) to EPCG...

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