Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Popular Search: cpt :: empanelment :: VAT RATES :: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARD :: VAT Audit :: Central Excise rule to resale the machines to a new company :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd
Customs and Excise »
 Man fleeing from Customs arrested
 Refund of amount on account of double-payment of Customs
 SC paves way for trial against RIL in 1987 excise evasion case
 GST: Govt sets up panel to receive profiteering complaints
 IGST on high-seas sale of imports is levied only during customs clearance
 Central Excise Rules, 2017 – Part II
 Central Excise Rules, 2017 – Part I
 Allocate the charges amongst the Members of the Central Board of Excise and Customs
  Constitution of Review Committees of the Chief Commissioners of Central Excise and Service Tax-Regd.
 4 new members appointed in Central Board of Excise and Customs
 Constitution of Review Committees of the Chief Commissioners of Central Excise and Service Tax-Regd.

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