https://www.taxtmi.com/news?id=49878 The audit finds procedural and valuation deficiencies in the Excise Department-incorrect licence renewal fee assessments, non-implementation of revised supervision fees, unauthorized duty exemptions on old beer stock, delayed chemical analysis of mild beer samples, lack of provision for declaring production cost, failure to charge fees on major shareholding changes under the privilege fee rules, undervaluation of CSD production costs, and errors in imported liquor purchase costs-each causing quantifiable losses to excise revenue. en-us Fri, 18 Jul 2025 22:01:07 +0530 Fri, 18 Jul 2025 22:01:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=49878 The audit finds procedural and valuation deficiencies in the Excise Department-incorrect licence renewal fee assessments, non-implementation of revised supervision fees, unauthorized duty exemptions on old beer stock, delayed chemical analysis of mild beer samples, lack of provision for declaring production cost, failure to charge fees on major shareholding changes under the privilege fee rules, undervaluation of CSD production costs, and errors in imported liquor purchase costs-each causing quantifiable losses to excise revenue. News - Fri, 18 Jul 2025 22:01:07 +0530 https://www.taxtmi.com/news?id=49878