| News Details --- (Get Professional Updates on Whatsapp, Msg on 8285393786) |
More News |
|
CAs to submit Audit Report of 82 mining leases
|
| Posted Date : 04-Jul-2015 , 09:51:39 am | Posted By CASANSAAR |
In a bid to recover money from illegal mining activity, CAs appointed by the state government have submitted an audit report of 82 mining leases out of 118 mining leases. A Directorate of Mines and Geology official said that audit of the remaining mining leases would be completed by July 15.
Parag M Nagarcenkar, assistant director of mines and geology, said that the department will now analyse the reports submitted by chartered accountants to ascertain the exact loss to the state due to illegal mining.
The state government had appointed 15 chartered accountants to undertake a comprehensive audit of lease holders and traders of mineral ore in Goa during the last five years, when the exports touched peak figures.
Nagarcenkar said that after the audit of mining leases is over, the chartered accountants will start auditing over 260 traders. Around 464 traders are registered with the mines department out of which just over 260 traders were involved in mining business during 2007 till September 2012.
The chartered accountants have been asked to examine the exact quantity of ore extracted, exported, amount of royalty paid, export duty, any ore was brought from other state, etc.
The Shah Commission report on illegal mining, which had exposed a series of irregularities in the mining activity in the state, pegged the loss of revenue to the government from the mining scam at 35,000 crore.
Union defence minister and then chief minister Manohar Parrikar had assured the Goa assembly in July 2012 that a team of chartered accountants would be engaged to conduct an audit of all ore export-related activities during the past five years. The actual work of CAs started last year. (Times of India)
|
Category : CA |
Comments :
0
| Hits : 1337 |
|
|
|
 |
|
|
|
Get Free Daily Updates Via e-Mail on Income Tax, Service tax, Excise and Corporate law |
|
|
|
|
|
|
|
|
