Audit Reports

During the financial year 2014-15 the Custom Receipts of ` 1,88,016 crore grew by nine percent over the previous financial year accounting for 34 percent of Indirect Tax revenue and 15 percent of Gross tax revenue. The ratio of Customs duty...

The Report contains significant results of the compliance audit of the Central Board of Excise and Customs under the Department of Revenue – Indirect Taxes (Central Excise) of the Union Government. The instances mentioned in this Report are those, ...

The Service Tax collection was Rs 1, 67,969 crore during financial year 2014-15 (FY15) and accounted for 30.75 percent of Indirect Tax revenue in FY15. Indirect tax collection as a ratio of GDP has decreased in FY15 vis-à-vis FY14, while as a ratio ...

We conducted the Performance Audit to seek an assurance whether the objectives of Automation of Central Excise and Service Tax (ACES) framed by thedepartment have been achieved. We also examined the extent of utilisation of ACES in the field...

We conducted the Performance Audit on assessees providing Works Contract Services, to seek an assurance that the indirect tax administration is adequately placed to safeguard the interests of revenue. We examined that, the Rules and extant...

The Indian economy is one of the fastest growing economies among the emerging markets today. One important cause is the rapid growth in international trade. In order to sustain the current pace of export growth in a highly competitive global market, ...

The Export Oriented Unit Scheme (EOU) was launched in December 1980, eighteen years after the first export processing zone (EPZ) was formed in Kandla and twenty years before SEZs came into being. Over the years the scheme has undergone various...

The Report has a total revenue implication of Rs.2428 crore covering 150 paragraphs and four long thematic paragraphs. This includes 92 paragraphs involving money value of Rs.38.90 crore on which rectificatory action was taken by the...

This Report has 68 audit observations on Central Excise duties, having financial implication of RS 125.11 crore. The Ministry/Department had, till December 2014, accepted audit observations involving revenue of RS 90.71 crore and reported recovery...

This Report has 178 audit observations on Service Tax, having financial implication of RS 772.08 crore. The Ministry/department had, till December 2014, accepted audit observations involving revenue of RS 477.22 crore and reported recovery of RS...