Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
Popular Search: due date for vat payment :: Central Excise rule to resale the machines to a new company :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: list of goods taxed at 4% :: VAT Audit :: ACCOUNTING STANDARDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: form 3cd :: empanelment :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARD :: articles on VAT and GST in India :: TDS
Customs and Excise »
 Central Board of Excise and Customs to soon notify new procedural framework
 CBEC set to be Central Board of Indirect Taxes and Customs
 Govt to give customs, excise duty benefits to boost solar rooftop sector
 Clarification regarding posting of Central Excise officer in Cigarette units-reg.
 Ensure transparency in excise department working: Bizmen to government
 It is time to review the customs duty on essential food imports
 Migration to GST of existing Central Excise / Service Tax Assessees
 Rate of exchange of conversion of the foreign currency with effect from 3rd February, 2017
 Budgetary Changes In Customs
 Customs and excise officials upset with GST administration deal with states
 Higher petro excise props up govt tax kitty

Excise dept suffers loss of Rs 224 cr
August, 02nd 2010

The Excise department in Bihar has suffered a loss of Rs 223.58 crore during 2008-09 due to short lifting of minimum guaranteed quantity, non-delayed settlement of excise shops and other deficiencies.

CAG in its report for the period ended on March 2009, highlighted that test check of the records of the excise offices conducted during 2008-09 revealed loss of revenue of Rs 223.58 crore due to short lifting of minimum guaranteed quantity, non/delayed s ettlement of excise shops and other deficiencies.

During 2008-09, the department accepted underassessment and other deficiencies of Rs 31.99 crore in 43 cases, of which 18 cases involving Rs 24.34 crore were pointed out during 2008-09 and the rest during the earlier years, the CAG pointed out.

The department reported recovery of Rs 8.43 lakh. Scrutiny of the records of the state excise offices revealed several cases of non-compliance of the provisions of the Act, rules and others of the department.

These cases are illustrative and are based on a test check carried out in audit. Such omissions on the part of the excise authorities are pointed out in audit each year, but not only do the irregularities persist, these remain undetected till an audit i s conducted in the subsequent year, it said.

There is need for the Government to improve the internal control system so that such omission can be prevented, it suggests, it suggests.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
SEO Company Search Engine Optimization Company US SEO Local SEO Company Website SEO Company Alabama SEO Company Alaska SEO Company Arizona SEO Company Arkansas SEO Company California SEO Company Colorado SEO Company Connecticut SEO Company Delawa

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions