Audit Reports

With a view to avoid cascading effect of excise duties, Modvat Credit Scheme was introduced in 1986. This was replaced by the Cenvat Credit Scheme from 1 April 2000. The present Cenvat Credit Scheme, which is operative from 10 September 2004 under...

We conducted a performance audit to evaluate the adequacy of provisions of the Finance Act, 1994, Service Tax Rules and related instructions in ensuring proper levy, assessment and collection of service tax on three construction services viz....

We conducted a performance audit on the levy of customs duty on 'natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal and articles thereof, imitation jewellery, coin (chapter 71 of Customs...

National Remote Sensing Centre (NRSC) is one of the units of Department of Space (DOS). NRSC is the nodal agency for operational remote sensing activities and the sole authority to acquire, process and disseminate the remotely sensed satellite data...

Freight is a profit making business segment of Indian Railways and is the backbone of railway revenues.  Over the years the market share of Indian Railways has been consistently shrinking and railways was losing out to road.Indian Railways laid ...

We conducted a performance audit on levy of excise duty on pharmaceutical products (Chapter 30 of Central Excise Tariff Heading) to evaluate the adequacy of provisions of the Act, Rules and instructions in ensuring proper assessment, collection and...

India, producing more than 1,000 feature films per year, is the largest film producing country in the world. During the period 2005-2009, film production registered a growth of 5 per cent per annum. The film industry registered growth of 9.7 per...

Growing integration within the global economy has led to increased flow of capital, services and technology into the country. As an impetus to economic growth, the government has eased the restrictions on flow of foreign exchange transactions. The...

The Ministry of Defence is the biggest landholder in the Government with a holding of 17.31 lakh acres of land. Of this, approximately 2 lakh acres are inside the 62 Cantonments located in various parts of the country. Outside these Cantonments,...

ONGC Videsh Limited (Company) is a wholly owned overseas arm of Oil and Natural Gas Corporation Limited. It is engaged in oil and gas exploration and production (E&P) projects, with the objective of ensuring energy security for the country. Up...