Radico Khaitan refutes CAG report on excise duty underpayment
CAG report alleges understatement of consumption of input excise material involving excise revenue of ₹1,078.09 crore
CAG report alleges understatement of consumption of input excise material involving excise revenue of ₹1,078.09 crore
The value of pearls imports being much higher than the value of global production of pearls suggests trade mis-invoicing and round-tripping of funds, says CAG.
An analysis by the apex auditor of pan-India data provided by GSTN revealed significant data inconsistencies between the taxable value and declared tax liability.
CAG has stated that in four sections, Dedicated Freight Corridor Corporation of India had to incur ₹2,233.81 crore till March 2021 towards price escalation.
References pertain to fiscal 2019-20 when current commerce minister Piyush Goyal was also the railways minister.