‘Excise mop-up mismatch cost govt 1.5k cr in '21-22'
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"Out of the 405 high-value data inconsistencies identified by the audit, the department responded in all 405 cases. Of these, 94 cases, constituting 23.2%, turned out to have compliance deficiencies with a mismatch of input tax credit (ITC)/tax liability/turnover of Rs 1,155.89 crore," it said.
The CAG said excise duty on obsolete stock of beer was waived without obtaining permission from the govt. There was a short raising of demand of duty of Rs 73.18 crore on mild beer due to delay in granting approval for sending duplicate samples for chemical analysis. Also, there is no provision in excise law to declare the details of manufacturing cost (components like raw material, labour, and overheads). "If there was a provision to check the manufacturing cost, the govt would have got additional revenue to that extent.
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