Audit Reports

collection of Customs Duties, any other levies of Customs, transactions of imports and exports undertaken under various schemes implemented under the FTP and specific compliance areas reviewed by audit from time to time. The transactions covered in this report pertain to Financial Year (FY) 20,...

1.3.4 The FTP is implemented through the Regional Authorities (RAs) of DGFT who are responsible for providing IECs and granting licenses under various schemes of export promotion. During FY 20, there were 38 RAs located across India till October 2019; 14 RAs were merged. As on March 2020...

under Foreign Trade policy was carried out in 21 regional authorities under the DGFT through test check of license files under various schemes of the FTP. This report is divided into four chapters. Chapter I provides a brief description of functions of Department of Revenue and Department of...

EOU Export Oriented Unit EPCG Export Promotion Capital Goods EXIM Export and Import FEMA Foreign Exchange Management Act FOB Free on Board FTP Foreign Trade Policy FTDR Act Foreign Trade (Development and Regulation) Act FY Financial Year GDP Gross Domestic Product GST Goods and Services...

of the Scheme by the Customs Department 3.1.1 Import of duty free materials after the validity period of authorisation s As per Para 4.17 of FTP read with Para 2.16 of HBP, the validity period for im port under AA Scheme shall be 12 months from the date of issue of AA. Para 4.41 (c) of...

The name of the Scheme was subsequently changed to ‘Advance Authorisation Scheme’ (AAS) under FTP 2004 -09 effective from 1 September 2004. Advance Authorisation (AA) is issued to allow duty free import of inputs, which are physically incorporated in the export product , allowing normal...

4.1 Inadequate monitoring of Internal/Special Audit As per Paragraph 7.10 of FTP 2015 -20 , a Risk Management System (RMS) shall be in operation, wherein every month, the comput er system in the DGFT headquarters, on random basis, will select 10 per cent of cases, for each RA, where benefit(s)...

impacting the ability of DGFT in ensuring effective im plementation and monitoring of not only A dvance Authorisation but also other s chemes under FTP . (Para 2.1) The substantial delay in is sue of AAs indicated failure of the automated system in achieving the objective of simplification of...

Management Ac t FIEO Federation of Indian Exports Organisation FOB Free on Board FOR Freight On Road FTDR Foreign Trade Development and Regulation FTP Foreign Trade Policy GST Goods and Services Tax xiv Report No.10 of 2021 (Performance Audit) Report No.10 of 2021 (Performance Audit) xii...

collection of Customs duties, any other levies of Customs, transactions of imports and exports undertaken under various schemes implemented under the FTP and specific compliance areas reviewed by audit from time to time. EXECUTIVE SUMMARY iv Report No. 17 of 2020 – Union Government (Indirect...

collection of Customs duties, any other levies of Customs, transactions of imports and exports undertaken under various schemes implemented under the FTP and specific compliance areas reviewed by audit from time to time. The transactions covered in this report pertain to FY 19, but in some cases,...

1.3.3 The Department of Commerce (DoC) under Ministry of Commerce and Industry (MOCI), through DGFT formulates, implements and monitors the FTP which provides the basic framework of policy and strategy to be followed for promoting exports and trade. Besides, the DoC is also entrusted with...

Section 13 and 14 of FTDR Act, 1992 to levy any penalty for contravention of any provision of this Act or any rules or orders made there under or the FTP. Report No. 17 of 2020 – Union Government (Indirect Taxes–Customs) 20 Report No.17 of 2020 – Union Government (Indirect Taxes – Customs)...

xvi Abbreviation Expanded form EPCG Export Promotion Capital Goods EXIM Export and Import FEMA Foreign Exchange Management Act FOB Free on Board FTP Foreign Trade Policy FTDR Foreign Trade Development and Regulation FY Financial Year GDP Gross Domestic Product GST Goods and Services Tax GTR...

collection of Customs duties, any other levies of Customs, transactions of imports and exports undertaken under various schemes implemented under the FTP and specific compliance areas reviewed by audit from time to time. EXECUTIVE SUMMARY iv Report No. 17 of 2020 – Union Government (Indirect...

collection of Customs duties, any other levies of Customs, transactions of imports and exports undertaken under various schemes implemented under the FTP and specific compliance areas reviewed by audit from time to time. The transactions covered in this report pertain to FY 19, but in some cases,...

1.3.3 The Department of Commerce (DoC) under Ministry of Commerce and Industry (MOCI), through DGFT formulates, implements and monitors the FTP which provides the basic framework of policy and strategy to be followed for promoting exports and trade. Besides, the DoC is also entrusted with...

Section 13 and 14 of FTDR Act, 1992 to levy any penalty for contravention of any provision of this Act or any rules or orders made there under or the FTP. Report No. 17 of 2020 – Union Government (Indirect Taxes–Customs) 20 Report No.17 of 2020 – Union Government (Indirect Taxes – Customs)...

Abbreviation Expanded form EPCG Export Promotion Capital Goods EXIM Export and Import FEMA Foreign Exchange Management Act FOB Free on Board FTP Foreign Trade Policy FTDR Foreign Trade Development and Regulation FY Financial Year GDP Gross Domestic Product GST Goods and Services Tax GTR...

and o Consequences of ineffective RMS Findings relating to MEIS 2.1 Delay in issuance of MEIS scrips DGFT, in its Citizen Cha rter under Para 1.09 of FTP prescribes 8 three days for disposal of applications under chapter 3 of FTP. In case of any suspicion of wrong classification or mis...

A major initiative towards simplification under the FTP was introduction of two new schemes namely Merchandise Export s from India Scheme (MEIS) by merging five earlier schemes 2 and Service Ex ports from India Scheme (SEIS) by replacing Served from India Scheme (SFIS) with effect from 1...

Mid-term review of FTP done by the Department of commerce was silent on effect of SEIS on service sector exports. Performance of the schemes in terms of achievement of goals w as not assessed by DGFT. (Para 3.10 and 3.11 ) Nothing was found on record to establish that grievance redressal...

Management Act FIRC Foreign Inward Remittance Certificate FMS Focus Market Scheme FOB Free on Board FPO Foreign Post Office FPS Focus Product Scheme FTP Foreign Trade Policy FTWZ Free Trade and Warehousing Zone FY Financial Year GST Goods and Service Tax HBP Handbook of Procedures HS Harmonized...

RA RA code Reward amount Product code Product description port of registration Nature of ineligibility or specify the Sl.No.of paragraph 3.06 of FTP. Remarks 1 DGFT Kolata 02 829356 53101013, 63051030 HESSIAN CLOTH, Burlap plain Hessain cloth INFLT6 Sl.No.VI exports of SEZ unit through DTA unit...

Trade policy was carried out in 37 regional licensing authorities under the DGFT through test check of license files under various schemes of the FTP. This report is divided into six chapters. Chapter I provides a brief description of functions of Department of Revenue and Department of...

Report No.17 of 2019 – Union Government (Indirect Taxes – Customs) 2 1.3.4 The FTP is implemented through the Regional Licensing Authorities (RLAs) who are responsible for providing IECs and granting licenses under various schemes of export promotion. During 2017-18 there were 38 RLAs...

Financial year x Report No.17 of 2019 – Union Government (Indirect Taxes – Customs) Abbreviation Expanded form FOB Free on Board FOR Free on Road FTP Foreign Trade Policy GDP Gross Domestic Product GFR General Financial Rules GST Goods and Services Tax HBP Hand Book of Procedures HSN...

The audit of commsionerates involved audit of 142 assessment units and 90 non-assessment units. Audit of licenses under various schemes of FTP granted by the DGFT through its regional licensing authorities was done in 37 out of 38 licensing authorities. Table 2.1 : Audit Universe and Sample...