Audit Reports

Indirect Tax

Overview

This Report contains 30 paragraphs, with a revenue implication of Rs.45.47 crore. We had issued another 129 paragraphs involving money value of Rs.112.53 crore to the department/Ministry on which rectificatory action was taken in the form of issue of show cause notices, adjudication of show cause notices and recovery of Rs.46.60 crore.

In the last five audit reports (including the current year's report), we had included 699 audit paragraphs involving Rs.2,555.46 crore. Of these, the Government had accepted audit observations in 518 audit paragraphs involving Rs.1,485.77 crore and had recovered Rs.195.09 crore.

Cases of suo-moto availing of cenvat credit, cenvat credit utilised for payment of tax on input service, separate accounts for common inputs used in dutiable/exempted goods not maintained, availing of cenvat credit on ineligible capital goods, non-reversal of cenvat credit, nonreversal of un-utilised credit, excess availing of cenvat credit etc., were noticed in audit. Duty involved in these cases was Rs.25.36 crore.Instances of undervaluation due to non-inclusion of additional consideration in value, incorrect determination of cost of excisable goods, short payment of duty due to misclassification etc., were noticed. Duty levied short in these cases amounted to Rs.17.57 crore.

Download Audit Report

• Report No. 28 of 2011 - Full Report
  _{(0.77 MB) Download}

• Preface
  _{(0.02 MB) Download}
• Executive Summary
  _{(0.03 MB) Download}
• Glossary of terms and Abbreviations
  _{(0.02 MB) Download}
• Chapter 1 - Central excise receipts
  _{(0.64 MB) Download}
• Chapter 2 – Cenvat credit
  _{(0.08 MB) Download}
• Chapter 3 - Valuation of excisable goods
  _{(0.05 MB) Download}
• Chapter 4 - Miscellaneous issues
  _{(0.03 MB) Download}