Internal Audit Report Finance Sales Processing Q1-2014-15 · 2014-10-30 · Internal Audit...

Internal Audit Department ,Duliajan

Internal Audit Report – DULIAJAN SPHERE (Finance- Sales Processing)

Report No. IA/DS/FY-2014-15/Q1

Period Covered – April’ 2014 to June’ 2014

Report date: 30.10.2014


Resident Chief Executive

Sub: Internal Audit Report for the period April’14 to June ’14 (Q1) of Duliajan Sphere – Finance(Sales Processing)

1.0 The Internal Audit Department has conducted the audit of Duliajan Sphere-Finance (Sales Processing) for the period from April ’14

to June’14. The audit areas, which have been covered during the audit, have been enclosed herewith . The audit has been conducted on

the basis of generally accepted audit standards in India.

2.0 The audit observations, based on the documents produced and the explanations received, are shown in Detailed Audit Observations

with the Management‘s views duly incorporated against thereon.

3.0 Implementations of the recommendations of the audit should be completed as early as possible but not beyond the implementation

timeline specified therein.

4.0 The Internal Audit Team is pleased to acknowledge the cooperation received from the concerned departmental Head & their

representatives in conducting the Internal Audit.

Bontu Hari Shankar

Chief Manager (IA)

For GM (Audit) Date: 30.10.2014

CC: CMD / D (E&D) /D (HR&BD) / D (O) / D (F) / GM (F&A)/GM (Audit)/ Head -Accounts


Introduction

1. Brief Scope of Work

Department Scope of Work

Finance-Sales Processing • Review of MOU/COSA

• Verification of Bills

• Reconciliation of Outstanding Balances

• Payment of Statutory Taxes & Duties

• Sales Tax Assessment

• Review of Handling Charges, MGQ

• Review of Sticky Debtors

1. Background of conducting Internal Audit:

The Audit for Q1 has been completed by the team comprising Shri Sanjay Khatri (Manager –IA ) , Smt Pompy Bora (Sr Internal Auditor) & Shri

B.K Borsaikia (Internal Audit Officer) during 20.08.2014 to 28.08.2014. Management Comments to the audit observations have been received

from Finance Department on 21.10.2014.

The Audit Report includes observations of Internal Audit Team, related risk matrix, recommendations of audit team and the corresponding

management’s feedback received there against .


Detailed Audit Observations of Sales Processing for QTR-1 of 2014-15

Sl.

No.

Observations Risk Recommendations Management Comments /Implementation Timeline &Responsibility

1 Verification of Bills on the basis of Provisional/Final Invoices,Price

Rates maintained in the System, COSA/MOU, Joint Measurement

Certificates .

Crude Oil : Audit observed that Billing for Crude Oil was done based on

the MOU with IOCL & NRL , the validity of which was expired in the year

2004.MOU was signed pending execution of COSA. Though several

correspondence regarding COSA were made & represented by Higher

Management but till date nothing is materialised.

Natural Gas(NG) : Audit observed that Billing for NG are being done

based on prices published by MOP&NG on intervals & found the same in

order.

LPG : LPG’s are sold exclusively to IOCL based on agreement signed in

1985 which needs revision in entirety due to change in Business

dynamics e.g existing agreement is more than 25 years old ,LPG filling

cost has been increased manifold ,current filling rate realised by some

other oil companies are much higher then the rate as per existing

agreement .Though several communications have been exchanged in this

regard but till date the revised agreement is pending.

Audit further noticed that there are two separate Price rate of LPG for

Industrial & Domestic use. Domestic LPG rate is lower than Industrial LPG

rate .Till now Oil India is selling LPG to IOCL at domestic rate .But there is

no mention in the MOU/agreement whether the billing to IOCL will be

made at Domestic/Industrial rate.

Financial

/

Complia

nce

COSA should be made

immediately with all the

refineries .

Similarly, Agreement

with IOCL for LPG

including Transportation

& Other agreements

which are going to be

expired in short term

should be amended

/revised/extended at

the earliest.

A confirmation is

required for the use of

LPG by IOCL for

Domestic purposes only.

Efforts should be made

a) Management comment-

Planning Department to

provide the detailed status.

Our LPG bottling plant is only for

domestic bottling. So far as the

bulk supply is concerned, that

supply is for Digboi bottling plant

of IOCL which is stated by them

as being used for domestic

bottling only.

For fixing of Crude Oil

Transportation Charges, a


Sl.

No.


Transportation : Audit observed that bills for Crude Oil transportation

was raised as per Old MOU which is already expired & which needs to be

revised at the earliest.

A list of MOU/Agreement (provided by Auditee ) & their Validity is

furnished below:-

Customer

Agreement/

MOU date Validity Upto

IOCL(LPG) 28.05.1985 Till IOC is authorised

by GOI to market LPG

IOCL (Crude) & its

subsidiary 07.04.2003 31.03.2004

NRL(Crude) 09.04.2003 31.03.2004

EPC(Condensate) 16.03.2012 15.03.2015

Sikkim Organics(Condensate ) 17.03.2012 16.03.2015

Keep Safe(Condensate) 15.03.2012 14.03.2015

NEEPCO( NG) 13.01.2005 12.01.2015

for early execution of

agreements.

committee (with representatives

from OIL, NRL & IOCL) was

constituted as per MoP&NG’s

directive on 23.08.12 & based on

their report, the transportation

invoices are being raised.

Planning Department to

provide the detailed status for

extension /signing of Contract.

b) Implementation Timeline:

As early as possible

c)Implementation responsibility:

GM(F&A)


Sl.

No.


AGCL(NG) 12.06.2014

Till finalisation &

Signing of GSPA which is

agreed to be executed

within six months.

NRL(NG ) 17.03.2005

15 years from

commencement of

supply

Tingri Gas(NG) 12.08.2011 15 years from 12.08.2011

NE Thermion Pvt.Ltd(NG) 03.06.2011 10 Years from 03.06.2011

2

Adherence to Billing Schedule & other contractual terms (e.g

Payments ,Penalty clause , Interest, BS&W) as per MOU/Sales

Agreement.

(i) Billing for Crude Oil are in line, however it was found Creation

of Sales order/raising of Bills are not done timely though

payments are received as per schedule time . Delays noticed

in making the first Provisional Bills(raised upto 7th of the

month) & final bills in respect of Crude (IOCL), LPG, Electricity.

Delay in raising the Invoice may result in delay in

collection. Separate Debit notes/Credit Notes are also raised

for Crude in addition to Final Invoicing (which is not as per

agreed MOU) in the following month (e.g for April Invoicing , in

addition to final invoicing ,Debit note/credit notes are also

raised separately in the month of May). (A list of Bills with

Financial

/Compli

ance

It is recommended that

Provisional & Final

Invoice should be raised

as per schedule timeline-

mentioned in

MOU/agreement in

respect of all products.


Crude Oil & LPG invoicing are

subject to Under-recovery

Mechanism, so final invoice can

be raised only after getting the

final discount rate declared by

MoP&NG. For the quarter under

audit, we received the

notification of final discount on

08.08.14 & accordingly we raised

the Dr. Note on Crude & LPG bills.

Moreover, as it was the 1st

quarter of the FY, we had to wait

for the Whole-sale Price Index of

last year (i.e. for FY 13-14)

without which the crude oil

transportation rates could not be


Sl.

No.


creation date attached for reference-Annexure 1).

(ii) No penalty clause/Interest for delay in payment is documented in

the MOU for sale of Crude & LPG .

(iii) In case of Natural Gas, clause for Interest/Penalty clause exists but

till the date of Audit, no supplimentary invoice for interest &

Interest & Penalty clause

should be incorporated

in all agreements for LPG

& Crude after review in

old /new agreements.

Interest should be

finalised.

Marginal delay, if any in provisional

billing happens due to delay in

creation of sales orders by user

department after quantity and/or

quality reconciliation with the

customers. In such cases proper

follow ups are made for getting

the payment within the

scheduled time.

Please note that the “posting

date” as shown in Annexure 1

should not be considered as the

billable date. It is maintained for

proper accounting and suitable

identification only. Your

recommendation in this regard

is noted for implementation to

the extent possible.

(ii)Planning Department to

provide the detailed status.

(iii)Invoices for interest /

penalty has been raised

wherever applicable on

delayed Payment on half yearly

basis as per practice but is

booked in our SAP accounting on


Sl.

No.


Penalty for delay in realisation of payment were raised though

customers have defaulted in making timely payments as per

Agreement. A list of Outstanding Invoices with customers are

attached in Annexure -2

(iv) BS&W : It is observed while verifying the invoices of the period

from 01.04.2014 to 16.05.2014 that in case of sale of crude oil to

IOCL,Bongaigaon Refinery ,BS & W % is taken higher by Production

Oil Dept. as compared to other customers like NRL,IOCL .

The Audit team has asked Auditee to submit the Lab/Joint Certification report

for further verification

charged as per

MOU/Agreement for

delay in payment in case

of Natural Gas under

intimation to audit.

Steps to be taken for

reviewing BS&W% for

avoiding more discounts

to the IOCL Bongaigaon in

comparison to other

customers.

realization of the same as per

our Accounting Policy.

Invoice-wise Comments are

embedded in the Annexure 2

itself.

(iv)Production Oil Department

to provide details and

response.


Future compliance


GM(F&A)

3 Reconciliation of Outstanding Balances /Adjustment/Periodical

Confirmation & Follow up Process.

(i) On scrutiny of Debtors ledger(As on 31.07.2014 ) , it was found

a large number of entries for debit balances & credit balances

are lying open & un cleared since long period which is giving

wrong picture of outstanding dues .(Some Clearing Entries

were passed in August for Qtr -1,during the course of Audit.)

(ii ) It was noticed the Collection entries are not passed in the

debtor’s ledger in the same month which gives wrong picture of

Outstanding statement.

Financial

Wrong

MIS

The observation

indicates non review of

the outstandings /

reconciliation and

balance confirmations.

Delay on this may lead to

loss of interest due to

delay / pending

recovery.

Comments and

confirmation on

compliances be provided

to audit for verification.


We get the information of

amount credited into our bank

account from the online bank

statement but we have to wait

for confirmation from the

concerned customers regarding

the details of the payments

made. Mainly we have to wait for

the details of amount deducted

(e.g. TDS, VAT, other

adjustments etc.) from our

invoices. So, at our A/R section,

we maintain an excel sheet to


Sl.

No.


System of Recovery

should be further

strengthened & more

follow up with customer

is required.

Collection entry should

be passed in respective

Debtor account in the

same month.

track the invoice-wise payments

for checking the timeliness of the

payments. Whenever we find any

discrepancy with the due

amount, we immediately contact

the concerned customers for the

details of the same.

Moreover, please note the below

mentioned points related to this

matter:

1. The Dr/Cr Notes against

Final Discount on Crude Oil &

LPG for the 4th Quarter of FY

2013-14 are raised in the last

part of May’14 but for proper

accounting purpose those are

booked in the 4th Quarter itself,

hence no clearing entries could

have been passed before getting

the discount figures and

resulting adjustments as

explained during the audit.

2. The Dr. Note on Final

Discount amount on LPG (taken

by IOCL-AOD) for the 4th Quarter

of FY 2013-14 are too high to be

absorbed by the pending LPG

Invoices. So, IOCL has adjusted

that portion of un-absorbed


Sl.

No.


(iii) Agewise Analysis of Debtors as on 31.07.2014 enclosed for

reference as Annexure-3.It may be observed from Annexure

that there are many uncleared Bank Receipts, Customer

Reconciliation &

confirmation of all

customers should be

discount with our Crude Oil

Invoices to IOCL thereby no

clearing entry could have been

passed before full adjustment.

As the said excel sheet is the main

tracking point, clearing the

debtors’ ledger in SAP is done on

quarterly basis only. Your

recommendation is noted in

this regard for onward

implementation to the extent it

is possible.

The said Annexure-3 is not the

right depiction of Age-wise

Analysis because of the non-

cleared items in SAP ledger as

explained above. A manual Age-

wise Analysis Report is

maintained in excel format

which has already been shown

at the time of Audit.

3. A statement showing the

reconciliation & confirmation

status or the concerned

comment on the balance is

enclosed herewith. This has


Sl.

No.


Credit Memo, Customer Invoice, Cash Journal in customer

a/cs.

In many of the cases reconciliation & confirmation of balances

are not taken periodically which may lead to possibility of

disputes & financial loss at later stage.(Annexure-3). It is

found that the Balance Confirmation in respect of IOCL ,NRL are

taken on Quarterly basis. However, in few cases which are high

value customers like Assam Gas Co., GAIL, NRL Golaghat

,BVFCL, Assam Petrochemicals etc. , reconciliation & balance

confirmation are not takenfor more than 1 year. Difference

noted in IOCL statement on 31.03.2014 for 1.63 Crore.

Audit also found that without clearing the old & over due outstanding,

sales invoice are raised with the same customer which may raise

questions on the possibility of recovery of earlier overdue oustandings in

absence of Periodical Balance Confirmation &Regular & Timely

Collection Process.

(iv) LPG Outstanding status as on 31.07.2014 for IOCL – 1.05 Crore.

As per agreement”IOCL shall make payment to OIL on or before

29th of calendar month for supplies effected in first fortnight &

or 14th of following month for supplies effected during the

second fortnight . It was found that Net Due date was wrongly

made for better control

& correct picture of

outstanding balances

already been provided to audit

during audit. The reasons of

difference of 1.63 Crore (out of

which Rs.0.56 Crore has already

been settled) as on 31.03.2014

with IOCL-AOD was duly

reconciled and agreed on

26.04.2014. The copy of that

reconciliation statement has

already been submitted to audit.

As already explained in above

paragraphs, it is not always

possible to clear the entries

instantly. Accordingly, next

invoices need to be raised even

without clearance of earlier

entries as both the activities are

unrelated.

4.Due to a clerical error, the Net

Due Date got wrongly selected as

29.06.2014 instead of

14.07.2014. The issue has been

discussed with ERP Department

to do away with such errors in


Sl.

No.


entered 29.06.2014 instead of 14.07.2014 (Invoice No.

704437,704438,704439). Moreover the same was lying

outsanding as on 31.07.2014 , beyond contractual period

Year/

month Inv. ref.

Doc.

Date

Net due

dt Amt in

loc.cur. Arrear

2014/03 704437 30.06.14 29.06.14 8,773,692.09 32

2014/03 704438 30.06.14 29.06.14 364,924.59 32

2014/03 704439 30.06.14 29.06.14 1,431,076.80 32

future.

Moreover, we have duly received

that amount within the schedule

date i.e. 14.07.2014. The same

has been booked in SAP Debtors

Ledger on 14.08.2014 but it was

already updated in our manual

tracking system (i.e. the excel

sheet) and the same was

informed at the time of Audit.

So, there is no Arrear in

payment as shown in the

statement.


Future compliance


GM(F&A)

4 Recovery & Payments of Statutory Taxes & Duties , Cess , Royalties as

per Government’s directives .

Crude Khumsai : It was found that NO VAT/CST was charged from customer

(AOD) for sale of Crude from Arunachal Pradesh.

Auditee needs to apprise Audit Team for not charging VAT for sale of Crude

Financial

/

Complia

nce

Errors as pointed out by

audit may lead to

deposition of statutory

dues wrongly and

realisation of same take


As per our information, CST is not

applicable on Sale from

Arunachal Pradesh w.e.f.

01.04.2006. Relevant document

in support of the same will be


Sl.

No.


to AOD from AP – because Non Payment of VAT/CST may lead to evasion of

Statutory Liabilities & consequential litigation & Penalty.

Condensate/Crude:

Education cess @ 3% has been charged on the Cess amount on crude which

was reversed on 30.06.2014. As per Notification ,Education cess is not

applicable from Jan’2014 but still Invoice in SAP are generated with 3%

Education cess on Cess which is not correct. On further scrutiny, it is found

that for invoicing of July’2014 & August 2014, also Education cess is charged

@ 3%.

In addition to above ,value of C form Outstanding as on 30.06.2014 for sales

effected for Qtr 1 2014-2015 on account of condensate is 21 Crore . In case C

form is not collected then Liability on account of C form will be full Vat rate

i.e (5%- 2%) i.e 3% on 21 crore i.e 60 lacs(Approx.)

LPG:

In addition to above ,value of C form Outstanding as on 30.06.2014 for sales

effected for Qtr 1 2014-2015 on account of LPG is 2.5 crores .

lot of time and money.

It is advised that

separate study should be

done immediately by the

function for generation

of correct invoice with

proper taxes and duties

to avoid any wrong

Invoicing, incorrect

accounting treatment &

Non Compliance issue.

Such discrepancies if

observed along with

corrections carried out

be furnished to audit for

review. Non collection

of C forms is a loss to

corporation.

C form outstanding for

earlier years as well as

current year needs to be

collected on urgent basis

and realisation the

provided separately.

Your recommendation is

noted for immediate

implementation. The matter

has been taken up with ERP

Dept. for required correction in

the “Pricing Condition” under

SAP Billing.

As recorded by audit, Accounting

correction for the 1st Qtr. has

already been made and the same

will also be done for the 2nd Qtr.

The system implementation will

be initiated soon.

Regular follow ups are made

with concerned parties for

collection of “C” Form. Your

recommendation however is

noted.


Sl.

No.


It was also observed that LPGs are sold exclusively to IOCL and as per

agreement IOCL shall make payment of sales tax amount along with the

product value. However it was found that CST charged on invoices were not

paid by IOCL.

Crude Oil (Customer code -100000,100002,100003):

No sales Tax charged for following Invoices (Debit notes)

104712,104713,104714, Total sales Value- Rs. 4090747 , Vat Liability-

204537.

No sales Tax was charged for following Invoices for Oil despatches to

IOCL Digboi

104548,104553,104558,104562,104600,104605,104635,104610,10463

9,104644,104663

Auditee to apprise the reasons for not charging VAT on above invoices

pending be confirmed to

audit.

Please confirm currently

C forms are realised as

per the norms.

-

These invoices are against sale of

Crude Oil from Arunachal

Pradesh (Khumchai Oil Field), so

VAT is not applicable.


As early as Possible


GM(F&A)

5 Completion of Sales Tax Assessments :

It was found that Demand Order of Rs. 1325 Crore (As per Annexure 4)

has been issued on 02.07.2014 under VAT for the Financial years -2009-

2010, 2010-2011, 2011-2012, 2012-2013 on the following grounds :-

1. Disallowance of discount given to Oil Marketing companies: As per

Financial

/

Complia

nce

Chronological status and

action taken report since

02.07.2014 be furnished


Writ petition has been filed on

29.09.2014 details of which will

be provided separately.


Sl.

No.


Assessment Order ,such “Discount “ cannot be treated as “Discount “in

real terms in VAT parlance.

2. Transportation Income cannot be excluded from the Sales Price &

hence subject to VAT.

It was explained that against the above Demand , a writ petition will be

filed before Guwahati High Court for stay & consideration on merit

ground .

For earlier Financial years i.e 2005-2006 & 2006-2007 , file is pending

for revision before Commissioner of Taxes , Assam & for 2007-2008 &

2008-2009 , file is pending for final assessment .

It was also found that C form to a tune of 217.53 Cr (Net Sales value)

pending from Financial year 2010-11 to 2013-2014 on account of

Condensate sales under CST Act (annexure-5).Out of pending C form

217.53 Cr (Net Sales), Sikkim Organics has an outstanding C form liability

of 210.46 Cr from financial year 2011-2012 to 2013-2014.

to audit for review.

C form outstanding for

earlier years as well as

current year needs to be

collected on urgent

basis. Delayed / non

collection is serious in

nature.

Regular follow ups are made with

concerned parties for collection

of “C” Form. Your

recommendation however is

noted.




GM(F&A)

6 Handling & Processing Charges :

i) Processing Charges are billed to IOCL in respect of LPG filling.

We have verified invoices for bottling charges with respect to

agreed rate & are found to be same in line with agreed rate.

Financial

/

Complia

nce

Steps taken to revise the

rate of Bottling charges

to avoid financial loss for

under billing/under

recovery of Bottling


Process is going on for revision of

packing charge. The Corporate

Office, New Delhi is


Sl.

No.


However, it was found that the bottling charges recovered from

IOCL are comparatively lower then Actual Bottle filling Cost. Bottle

filling cost is estimated to be about Rs 2806.07 per MT where as

the recovery is found to be Rs. 1100 per MT which is as per

agreement executed way back in 1985. In this regard a letter was

issued to Executive Director of IOCL to revise rate on 29.11.2010

.After that there is no further communication is seen.

Audit found that Total Sales for Q1 2014-2015 is 152.082 MT of LPGPKD

so loss on account of bottling charges is Rs. 2.60 lacs approximately for

Q1.

i) Bills for other Services charges like fire fighting, steam, utility

power & water and fuel gas for residential quarters etc at Moran &

Jorhat in connection with Transportation Agreement are not

raised.

The Audit team asked for clarification of not raising the Bills for other

services as per Agreement.

Charges be furnished to

audit.

Audit recommend for

immediate raising of

Bills for Other services

after review which is

already due and confirm

the same to audit for

verification.

Non-billing of other

Service charges as per

agreements is loss to

corporation.

communication on this matter.

-





Sl.

No.


GM(F&A)

7 Billing of shortfall in MGQ of Condensate & Gas :

Audit observed “Condensate agreement requires Buyer to uplift 80% of

the monthly allotted quantity of the condensate, the payment of which

will have to made whether uplifted or not except under force majeure

clause & during plant maintenance of the LPG Plant.The billing in respect

of MGQ will be made on monthly basis& same will be paid by purchaser

within 15 days from the date of billing .Delay in settlement will attract

interest @1% above SBI cash credit rate .”

However on scrutiny of detailed Sales of Condensate to the Parties in the

Qtr 1 2014-2015 , it was found Condensate sales are done to following

three Customers – Custo

mer Month

Lifted

Qty(MT) MGQ (MT) Deficit (MT)

Sikkim

Org. April'14 830.2 1360 -529.8

May'14 890.57 1360 -469.43

June'14 520.07 1360 -839.93

EPC

Intn'l April'14 277.57 272 -

May'14 327.83 272 -

June'14 114.32 272 -157.68

Keep

Safe April'14 0 128 -128

May'14 0 128 -128

June'14 103.21 128 24.79

Moreover the Auditee has also not raised any supplementary Invoice for

Financial

/

Complia

nce

Audit recommend for

raising supplementary

Invoice for differential

qty ( MGQ- Actual ) &

Interest for such deficit.


It is certified from the Production

Department that there is no MGQ

billing required for the 1st Qtr.

The deficits are either because of

Force Majeure or for scheduled

shut down.



GM(F&A)


Sl.

No.


differential qty ( MGQ- Actual ) & Interest for such deficit.

In respect of Natural Gas , it was observed the Billing was done as per

agreed conditions of Agreement .

8 Review of Old Sticky Debtors.:

It is observed that M/s APGCL is not making payments towards sale of Gas

since Oct’2013 .The total combined (for APGCL & ASEB ) outstanding dues of

M/s APGCL including dues of ASEB amounts to 207 Crore upto July’2014

Agewise Anlaysis of Outstanding above 1crore is enclosed (Annexure-3)

.However summary of ageing is furnished below :

(in Cr.) Year Amount upto 2010-11 11 * 2011-12 40 2013-14 316 *Includes old uploading balance of 0.8 cr. Since 2005

Financial Vigorous follow up

should be made for

realisation of dues.

Old Outstanding beyond

2013 should be

reconciled immediately

under intimation to

audit. Outstanding

should be recovered

immediately along with

interest.


Continuous follow ups and

meeting (at Corporate level also)

are going on for recovering these

outstanding.

The shown facts & figures are not

the actual/correct , please refer

to the explanation provided

earlier in this regard. Moreover,

no balance is lying un-reconciled

for more than 3 months. There

are some old outstanding and

those are because of some

disputes. Continuous efforts are

going on for settlement of those

disputes. Settling the earlier dues

is a continuous process.




GM(F&A)


List of delay in Raising Invoices Annexure-1

BusA Customer Inv. ref. Type Bill.Do Entry Date Pstng Date Doc. Date Net due dt

Amt in

loc.cur.(Rs)

AS01 100000 104548 RV 104548 21.04.2014 07.04.2014 07.04.2014 25.04.2014 2,575,253.29

AS01 100000 104549 RV 104549 21.04.2014 07.04.2014 07.04.2014 25.04.2014 246,583,149.36

AS01 100000 104562 RV 104562 13.05.2014 30.04.2014 30.04.2014 18.05.2014 5,280,667.26

AS01 100000 104563 RV 104563 13.05.2014 30.04.2014 30.04.2014 18.05.2014 228,194,237.08

AS01 100000 104567 RV 104567 19.05.2014 30.04.2014 30.04.2014 25.04.2014 -87,656.72

AS01 100000 104568 RV 104568 19.05.2014 30.04.2014 30.04.2014 30.04.2014 -192,823.21

AS01 100000 104569 RV 104569 19.05.2014 30.04.2014 30.04.2014 30.04.2014 -140,250.93

AS01 100000 104570 RV 104570 19.05.2014 30.04.2014 30.04.2014 25.04.2014 -8,393,942.28

AS01 100000 104571 RV 104571 19.05.2014 30.04.2014 30.04.2014 30.04.2014 -9,886,362.82

AS01 100000 104572 RV 104572 19.05.2014 30.04.2014 30.04.2014 30.04.2014 -7,767,796.92

AS01 100000 104635 RV 104635 20.06.2014 07.06.2014 07.06.2014 25.06.2014 1,703,615.73

AS01 100000 104636 RV 104636 20.06.2014 07.06.2014 07.06.2014 25.06.2014 234,038,767.76

AS01 100000 104669 RV 104669 19.07.2014 30.06.2014 30.06.2014 02.07.2014 149,664.77

AS01 100000 104670 RV 104670 19.07.2014 30.06.2014 30.06.2014 11.07.2014 197,233.64

AS01 100000 104671 RV 104671 19.07.2014 30.06.2014 30.06.2014 25.06.2014 14,346,331.44

AS01 100000 104672 RV 104672 19.07.2014 30.06.2014 30.06.2014 02.07.2014 15,367,986.45

AS01 100000 104673 RV 104673 19.07.2014 30.06.2014 30.06.2014 11.07.2014 15,044,701.97

AS01 100001 104550 RV 104550 21.04.2014 07.04.2014 07.04.2014 25.04.2014 520,591,300.61

AS01 100001 104555 RV 104555 26.04.2014 15.04.2014 15.04.2014 02.05.2014 992,668,999.35

AS01 100001 104564 RV 104564 13.05.2014 30.04.2014 30.04.2014 18.05.2014 1,074,761,888.77

AS01 100001 104573 RV 104573 19.05.2014 30.04.2014 30.04.2014 25.04.2014 -13,952,422.88

AS01 100001 104574 RV 104574 19.05.2014 30.04.2014 30.04.2014 30.04.2014 -26,605,040.61

AS01 100001 104575 RV 104575 19.05.2014 30.04.2014 30.04.2014 30.04.2014 -28,992,791.07


AS01 100001 104602 RV 104602 22.05.2014 07.05.2014 07.05.2014 25.05.2014 920,580,585.31

AS01 100001 104617 RV 104617 06.06.2014 31.05.2014 31.05.2014 18.06.2014 1,218,443,326.24

AS01 100001 104626 RV 104626 19.06.2014 31.05.2014 31.05.2014 25.05.2014 -4,269,289.43

AS01 100001 104627 RV 104627 19.06.2014 31.05.2014 31.05.2014 31.05.2014 -3,809,554.27

AS01 100001 104628 RV 104628 19.06.2014 31.05.2014 31.05.2014 31.05.2014 -3,770,244.25

AS01 100001 104637 RV 104637 20.06.2014 07.06.2014 07.06.2014 25.06.2014 907,648,388.01

AS01 100001 104674 RV 104674 19.07.2014 30.06.2014 30.06.2014 25.06.2014 51,025,725.86

AS01 100001 104675 RV 104675 19.07.2014 30.06.2014 30.06.2014 02.07.2014 57,990,803.48

AS01 100001 104676 RV 104676 19.07.2014 30.06.2014 30.06.2014 11.07.2014 44,258,977.99

AS01 100002 104551 RV 104551 21.04.2014 07.04.2014 07.04.2014 25.04.2014 363,377,919.04

AS01 100002 104565 RV 104565 13.05.2014 30.04.2014 30.04.2014 18.05.2014 285,699,526.03

AS01 100002 104576 RV 104576 19.05.2014 30.04.2014 30.04.2014 25.04.2014 -9,634,980.24

AS01 100002 104577 RV 104577 19.05.2014 30.04.2014 30.04.2014 30.04.2014 -10,038,764.61

AS01 100002 104578 RV 104578 19.05.2014 30.04.2014 30.04.2014 30.04.2014 -8,820,963.89

AS01 100002 104603 RV 104603 22.05.2014 07.05.2014 07.05.2014 25.05.2014 282,710,525.31

AS01 100002 104629 RV 104629 19.06.2014 31.05.2014 31.05.2014 25.05.2014 -1,296,607.45

AS01 100002 104630 RV 104630 19.06.2014 31.05.2014 31.05.2014 31.05.2014 -1,645,250.32

AS01 100002 104631 RV 104631 19.06.2014 31.05.2014 31.05.2014 31.05.2014 -1,507,137.75

AS01 100002 104677 RV 104677 19.07.2014 30.06.2014 30.06.2014 25.06.2014 15,425,858.88

AS01 100002 104678 RV 104678 19.07.2014 30.06.2014 30.06.2014 02.07.2014 19,004,443.56

AS01 100002 104679 RV 104679 19.07.2014 30.06.2014 30.06.2014 11.07.2014 18,142,645.16

PL01 100004 402400 RV 402400 21.04.2014 07.04.2014 07.04.2014 25.04.2014 4,641,867.24

PL01 100004 402416 RV 402416 22.05.2014 07.05.2014 07.05.2014 25.05.2014 4,070,951.81

PL01 100004 402445 RV 402445 20.06.2014 07.06.2014 07.06.2014 25.06.2014 3,712,982.70

AS01 100006 704437 RV 704437 09.07.2014 30.06.2014 30.06.2014 29.06.2014 8,773,692.09

AS01 100006 704438 RV 704438 09.07.2014 30.06.2014 30.06.2014 29.06.2014 364,924.59

AS01 100006 704439 RV 704439 09.07.2014 30.06.2014 30.06.2014 29.06.2014 1,431,076.80

AS01 100008 903596 RV 903596 15.07.2014 31.05.2014 31.05.2014 31.05.2014 22,217.70

AS01 100008 903627 RV 903627 23.07.2014 30.06.2014 30.06.2014 30.06.2014 26,221.35

AS01 100009 903597 RV 903597 15.07.2014 31.05.2014 31.05.2014 31.05.2014 44,826.00


AS01 100009 903628 RV 903628 23.07.2014 30.06.2014 30.06.2014 30.06.2014 60,636.00

AS01 100010 903519 RV 903519 22.04.2014 31.03.2014 31.03.2014 31.03.2014 10,583.40

AS01 100010 903598 RV 903598 15.07.2014 31.05.2014 31.05.2014 31.05.2014 13,029.30

AS01 100010 903629 RV 903629 23.07.2014 30.06.2014 30.06.2014 30.06.2014 15,786.75

AS01 100011 903548 RV 903548 30.05.2014 30.04.2014 30.04.2014 30.04.2014 6,398.40

AS01 100011 903626 RV 903626 15.07.2014 31.05.2014 31.05.2014 31.05.2014 6,119.40

AS01 100011 903657 RV 903657 24.07.2014 30.06.2014 30.06.2014 30.06.2014 4,673.25

AS01 100012 903599 RV 903599 15.07.2014 31.05.2014 31.05.2014 31.05.2014 32.55

AS01 100012 903630 RV 903630 23.07.2014 30.06.2014 30.06.2014 30.06.2014 32.55

AS01 100015 903601 RV 903601 15.07.2014 31.05.2014 31.05.2014 31.05.2014 96,906.00

AS01 100015 903632 RV 903632 23.07.2014 30.06.2014 30.06.2014 30.06.2014 102,486.00

AS01 100106 903619 RV 903619 15.07.2014 31.05.2014 31.05.2014 31.05.2014 7,757.70

AS01 100106 903650 RV 903650 23.07.2014 30.06.2014 30.06.2014 30.06.2014 7,864.65

AS01 100106 903706 RV 903706 12.08.2014 31.07.2014 31.07.2014 31.07.2014 8,743.50

AS01 100130 903620 RV 903620 15.07.2014 31.05.2014 31.05.2014 31.05.2014 7,966.95

AS01 100130 903651 RV 903651 23.07.2014 30.06.2014 30.06.2014 30.06.2014 8,278.50

AS01 100130 903707 RV 903707 12.08.2014 31.07.2014 31.07.2014 31.07.2014 9,599.10

AS01 100330 903625 RV 903625 15.07.2014 31.05.2014 31.05.2014 31.05.2014 11,625.00

AS01 100330 903656 RV 903656 23.07.2014 30.06.2014 30.06.2014 30.06.2014 11,625.00


Annexure2

List of Outstanding beyond scheduled collection due date for which Interest is not charged as on 31.07.2014

Customer Code Inv. ref. Ty Bill.Do Entry Date Postng Date Doc. Date

Net due dt(As per

Agreement/system)

Amt in

loc.cur.(Rs.)

Date of

Collection

Management

comment

BVFCL 100035 202903 RV 202903 13.06.2014 31.05.2014 31.05.2014 30.06.2014 282,229,841.68

03.07.2014 Delay is for 3 days,

which is negligible

BVFCL 100035 202933 RV 202933 14.07.2014 30.06.2014 30.06.2014 30.07.2014 273,471,392.64

01.08.2014 Delay is for 1 day,

which is negligible

Total

55.57 crores

Assam Gas

Co. 100041 202909 RV 202909 13.06.2014 31.05.2014 31.05.2014 15.06.2014 1,635,525.19 03.07.2014

The due date for

payment is 30th

of the

month and we have

received the cheque

from AGCL on the due

date itself (i.e.

30.06.14 is this case)

but deposited /

credited into our Bank

A/C on 03.07.2014.

So, it should be

ignored.

Assam Gas

Co. 100041 202910 RV 202910 13.06.2014 31.05.2014 31.05.2014 15.06.2014 534,031.58 03.07.2014

Assam Gas

Co. 100041 202911 RV 202911 13.06.2014 31.05.2014 31.05.2014 15.06.2014 226,079.47 03.07.2014

Assam Gas

Co. 100041 202912 RV 202912 13.06.2014 31.05.2014 31.05.2014 15.06.2014 1,148,751.09 03.07.2014

Assam Gas

Co. 100041 202913 RV 202913 13.06.2014 31.05.2014 31.05.2014 15.06.2014 701,667.10 03.07.2014

Assam Gas

Co. 100041 202914 RV 202914 13.06.2014 31.05.2014 31.05.2014 15.06.2014 6,625,674.83 03.07.2014

Assam Gas

Co. 100041 202915 RV 202915 13.06.2014 31.05.2014 31.05.2014 15.06.2014 7,127,366.90 03.07.2014

Assam Gas

Co. 100041 202916 RV 202916 13.06.2014 31.05.2014 31.05.2014 15.06.2014 17,378,415.09 03.07.2014

Assam Gas

Co. 100041 202917 RV 202917 13.06.2014 31.05.2014 31.05.2014 15.06.2014 8,910,620.47 03.07.2014

Assam Gas

Co. 100041 202918 RV 202918 13.06.2014 31.05.2014 31.05.2014 15.06.2014 5,281,642.12 03.07.2014


Assam Gas

Co. 100041 202919 RV 202919 13.06.2014 31.05.2014 31.05.2014 15.06.2014 9,798,549.95 03.07.2014

Assam Gas

Co.

100041 202920 RV 202920 13.06.2014 31.05.2014 31.05.2014 15.06.2014 8,924,445.82 03.07.2014

Assam Gas

Co. 100041 202936 RV 202936 14.07.2014 30.06.2014 30.06.2014 15.07.2014 1,518,132.31 31.07.2014

As stated above, the

due date should be

30.07.14

Here we received the

payment on

31.07.2014.

So, it should be

ignored.

Assam Gas

Co. 100041 202937 RV 202937 14.07.2014 30.06.2014 30.06.2014 15.07.2014 9,786,766.08 31.07.2014

Assam Gas

Co. 100041 202938 RV 202938 14.07.2014 30.06.2014 30.06.2014 15.07.2014 16,150,621.21 31.07.2014

Assam Gas

Co. 100041 202939 RV 202939 14.07.2014 30.06.2014 30.06.2014 15.07.2014 1,606,691.15 31.07.2014

Assam Gas

Co. 100041 202940 RV 202940 14.07.2014 30.06.2014 30.06.2014 15.07.2014 521,319.22 31.07.2014

Assam Gas

Co. 100041 202941 RV 202941 14.07.2014 30.06.2014 30.06.2014 15.07.2014 906,602.86 31.07.2014

Assam Gas

Co. 100041 202942 RV 202942 14.07.2014 30.06.2014 30.06.2014 15.07.2014 799,957.54 31.07.2014

Assam Gas

Co. 100041 202943 RV 202943 14.07.2014 30.06.2014 30.06.2014 15.07.2014 27,350,091.35 31.07.2014

Assam Gas

Co. 100041 202944 RV 202944 14.07.2014 30.06.2014 30.06.2014 15.07.2014 12,460,943.05 31.07.2014

Assam Gas

Co. 100041 202945 RV 202945 14.07.2014 30.06.2014 30.06.2014 15.07.2014 22,040,684.13 31.07.2014

Assam Gas

Co. 100041 202946 RV 202946 14.07.2014 30.06.2014 30.06.2014 15.07.2014 7,715,527.40 31.07.2014

Assam Gas

Co. 100041 202947 RV 202947 14.07.2014 30.06.2014 30.06.2014 15.07.2014 11,728,302.80 31.07.2014

Assam Gas

Co. 100041 V RV 202959 15.07.2014 30.06.2014 30.06.2014 15.07.2014 -1,606,691.15

Assam Gas 100041 202960 RV 202960 15.07.2014 30.06.2014 30.06.2014 15.07.2014 1,607,731.48 31.07.2014

Total

18.09 Crores


NRL -NG 100255 202929 RV 202929 13.06.2014 31.05.2014 31.05.2014 31.05.2014 199,628,425.90 12.07.2014 As per Agreement,

NRL has to pay

“within 30 days from

the date of Invoice”.

So here no interest is

chargeable.

NRL -NG 100255 202957 RV 202957 14.07.2014 30.06.2014 30.06.2014 30.06.2014 209,218,585.95 12.08.2014

Total

40.90Crores

Tingri Gas 100044 202951 RV 202951 14.07.2014 30.06.2014 30.06.2014 15.07.2014 6,625,980.53

Collection

Entry not

done in

system

The due date should

be 30.07.2014 and we

have received the

payments accordingly.

Tingri Gas 100044 202951 RV 202951 14.07.2014 30.06.2014 30.06.2014 15.07.2014 11,608,393.67

Collection

entry not

done in

system

Total

1.8 Crores

Customer Code Inv. ref. Ty Bill.Do Entry Date Pstng Date Doc. Date Net due dt Amt in loc.cur.

Date of

Collection

Management

comment

APGCL 100045 202731 RV 202731 14.11.2013 31.10.2013 31.10.2013 27.11.2013 111,288,722.99

Part

Payment on

30.05.2014

Continuous follow

ups and meeting (at

Corporate level

also) are going on

for recovering

these outstanding.

APGCL 100045 202760 RV 202760 14.12.2013 30.11.2013 30.11.2013 27.12.2013 101,538,880.14

Payment on

30.06.2014

APGCL 100045 202791 RV 202791 10.01.2014 31.12.2013 31.12.2013 27.01.2014 106,560,357.20 Not yet recd

APGCL 100045 202810 RV 202810 13.02.2014 31.01.2014 31.01.2014 27.02.2014 133,379,355.63

Not yet

recd






Total

103 Crores

ASEB(NTPS) 100046 202761 RV 202761 14.12.2013 30.11.2013 30.11.2013 27.12.2013 99,090,521.73 Not Yet Recd



ASEB(NTPS) 100046 202811 RV 202811 13.02.2014 31.01.2014 31.01.2014 27.02.2014 127,830,933.04

Part

Payment

ASEB(NTPS) 100046 202833 RV 202833 14.03.2014 28.02.2014 28.02.2014 27.03.2014 147,575,243.98

Part

Payment





Total

104 Crores

NE

Thermion 100125 202381 RV 202381 11.10.2012 30.09.2012 30.09.2012 30.09.2012 5,736,658.32

_

Continuous follow

ups and meeting (at

Corporate level

also) are going on

for recovering

these outstanding.

NE

Thermion 100125 202384 RV 202384 16.10.2012 30.09.2012 30.09.2012 30.09.2012 512,047.64

_

NE

Thermion 100125 202408 RV 202408 15.11.2012 31.10.2012 31.10.2012 31.10.2012 6,255,462.51

_

NE

Thermion 100125 202411 RV 202411 15.11.2012 31.10.2012 31.10.2012 31.10.2012 211,524.55

_

NE

Thermion 100125 202435 RV 202435 12.12.2012 30.11.2012 30.11.2012 30.11.2012 5,049,326.12

_

NE

Thermion 100125 202438 RV 202438 13.12.2012 30.11.2012 30.11.2012 30.11.2012 826,436.62

_

NE

Thermion 100125 202462 RV 202462 11.01.2013 31.12.2012 31.12.2012 31.12.2012 5,543,902.37

_

NE

Thermion 100125 202467 RV 202467 11.01.2013 31.12.2012 31.12.2012 31.12.2012 868,872.14

_

NE

Thermion 100125 202483 RV 202483 12.02.2013 31.01.2013 31.01.2013 31.01.2013 4,292,393.24

_

NE

Thermion 100125 202489 RV 202489 13.02.2013 31.01.2013 31.01.2013 31.01.2013 1,913,728.64

_

NE

Thermion 100125 202507 RV 202507 18.03.2013 28.02.2013 28.02.2013 28.02.2013 5,310,275.97

_


NE

Thermion 100125 202511 RV 202511 18.03.2013 28.02.2013 28.02.2013 28.02.2013 442,384.34

_

NE

Thermion 100125 202535 RV 202535 11.04.2013 31.03.2013 31.03.2013 31.03.2013 6,619,386.67

_

NE

Thermion 100125 202565 RV 202565 15.05.2013 30.04.2013 30.04.2013 30.04.2013 5,673,820.56

_

NE

Thermion 100125 202571 RV 202571 16.05.2013 30.04.2013 30.04.2013 30.04.2013 452,523.87

_

NE

Thermion 100125 202595 RV 202595 14.06.2013 31.05.2013 31.05.2013 31.05.2013 5,875,712.85

_

NE

Thermion 100125 202599 RV 202599 14.06.2013 31.05.2013 31.05.2013 31.05.2013 476,695.68

_

NE

Thermion 100125 202621 RV 202621 12.07.2013 30.06.2013 30.06.2013 30.06.2013 4,926,137.61

_

NE

Thermion 100125 202624 RV 202624 12.07.2013 30.06.2013 30.06.2013 30.06.2013 1,206,899.43

_

Continuous follow

ups and meeting (at

Corporate level

also) are going on

for recovering

these outstanding.

NE

Thermion 100125 202648 RV 202648 12.08.2013 31.07.2013 31.07.2013 31.07.2013 5,081,622.60

_

NE

Thermion 100125 202651 RV 202651 12.08.2013 31.07.2013 31.07.2013 31.07.2013 1,852,210.29

_

NE

Thermion 100125 202680 RV 202680 13.09.2013 31.08.2013 31.08.2013 31.08.2013 4,760,699.07

_

NE

Thermion 100125 202683 RV 202683 13.09.2013 31.08.2013 31.08.2013 31.08.2013 1,921,651.42

_

NE

Thermion 100125 202706 RV 202706 11.10.2013 30.09.2013 30.09.2013 30.09.2013 5,799,914.78

_

NE

Thermion 100125 202709 RV 202709 11.10.2013 30.09.2013 30.09.2013 30.09.2013 1,298,652.20

_

NE

Thermion 100125 202733 RV 202733 14.11.2013 31.10.2013 31.10.2013 31.10.2013 7,255,040.12

_

NE

Thermion 100125 202736 RV 202736 14.11.2013 31.10.2013 31.10.2013 31.10.2013 297,972.75

_

NE

Thermion 100125 202793 RV 202793 10.01.2014 31.12.2013 31.12.2013 31.12.2013 4,404,257.82

_


NE

Thermion 100125 202796 RV 202796 10.01.2014 31.12.2013 31.12.2013 31.12.2013 408,261.84

_

NE

Thermion 100125 202812 RV 202812 13.02.2014 31.01.2014 31.01.2014 31.01.2014 4,800,415.91

_

NE

Thermion 100125 202816 RV 202816 13.02.2014 31.01.2014 31.01.2014 31.01.2014 77,553.38

_

NE

Thermion 100125 202834 RV 202834 14.03.2014 28.02.2014 28.02.2014 28.02.2014 2,997,552.11

_

NE

Thermion 100125 202861 RV 202861 11.04.2014 31.03.2014 31.03.2014 31.03.2014 3,609,128.17

_

NE

Thermion 100125 202894 RV 202894 12.05.2014 30.04.2014 30.04.2014 30.04.2014 4,772,731.34

_

NE

Thermion 100125 202899 RV 202899 16.05.2014 30.04.2014 30.04.2014 30.04.2014 3,189.05

_

NE

Thermion 100125 202927 RV 202927 13.06.2014 31.05.2014 31.05.2014 31.05.2014 4,222,727.95

_

NE

Thermion 100125 202931 RV 202931 13.06.2014 31.05.2014 31.05.2014 31.05.2014 539,006.22

_ Continuous follow

ups and meeting (at

Corporate level

also) are going on

for recovering

these outstanding.

NE

Thermion 100125 202955 RV 202955 14.07.2014 30.06.2014 30.06.2014 30.06.2014 5,017,676.90

_

_

Total

12 Crores


Annexure-3

Statement of Agewise Analysis as on 31.07.2014

(Download 20.08.2014 )

Customer 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Total

Outstan

ding

Amount

(in Lacs)

(rounde

d off)

Account

Confirmati

on Last

Obtained Remarks

IOCL Digboi (100000) Crude

Oil 13300 31.03.2014

Differen

ce

found

:1.63

crore

Less as

per IOCL

Books

AB(Un cleared Accounting

Document ) -3190 -3190

BR(Un cleared Bank Receipt) -1934 -33434 -35368

DR (Un cleared Customer

Invoice) 27 27

IB (Initial Upload) 81 81

RV (Sales Invoice) 4366 47386 51751

NRL(100001) Crude Oil 43600


Document ) 1 1


BR(Un cleared Bank Receipt) -7977

-

12484

9 -132826

RV (Sales Invoice) 11097

16533

6 176433

IOCL Guwahati (100002)

Crude Oil 15400 30.06.2014

Found

OK


Document ) 144 926 1069


RV (Sales Invoice) -445 59396 58951

IOCL Bongaigaon (100003)

Crude Oil 2970 30.06.2014

Found

OK


Document ) -2 -2

BR(Un cleared Bank Receipt) -1999 -1999


Invoice) 1 1

RV (Sales Invoice) 4967 4967

Chief Engr(P) , I/C Tech Cell

,Nazira (100004) TPT 723


Document ) 139 266 404


DA (Un cleared Customer

Document) -103 -28 -131

DG (un cleared Customer

Credit Memo ) -51 -51


Invoice) -99 -67 -252 -62 -480

RV (Sales Invoice) 1 421 1003 777 2203

IOCL Digboi(100006) LPG 1244



Invoice) 1 1



Brahmaputra Valley Ferti.

Corp Namrup (100035) NG 5645



Assam Petrochemicals Ltd

(Parbatpur)100036 NG 625



IOCL Digboi (100038) NG 166 31.03.2014

Difffern

ce

found:0.

24 Cr.

Less in

IOCL

Book


Document ) 24 24



NEEPCO Bakulani (100040)

NG 2894 31.03.2014

Found

OK



Assam Gas Co. Duliajan

(100041) NG 1474 31.03.2014

No

confirm

ation

only

Mail

Sent


Document ) 1 1


CJ (Un cleared Cash Journal) -2351 -2351


Assam Power Gen, Corp 11049


Ltd.Lakwah(100045) NG

BR(Un cleared Bank Receipt) -2618 -3287 -2128 -8034

CJ (Un cleared Cash Journal) -541 -541


Invoice) 84 -17 83 150

RV (Sales Invoice) 64 369 160 6699 787 6861 4534 19475

Assam State Elec. Board

Namrup(100046) NG 10411



GAIL Ramgarh (100076) NG 911

BR(Un cleared Bank Receipt) 1 75 77

DA (Un cleared Customer

Document) 9 9


Invoice) 3 3

RV (Sales Invoice) 63 105 655 822

NRL Golaghat (100200) NG 1881


Document ) 1198 1198



Invoice) 324 324


Duliajan Numaligarh Pipeline

Ltd,Duliajan (100250) NG 134



Numaligarh Refinery

Ltd(100255) NG 4079



Tingri Gas Gri Hoogrijan 389


(100044) NG



NE Thermion Pvt Ltd

Dibrugarh (100125) NG 1277

BR(Un cleared Bank Receipt) -234 -279 -113 -627

CJ (Un cleared Cash Journal) -146 -172 -93 -411


Invoice) -22 3 -19

RV (Sales Invoice) 200 541 760 632 200 2333

Total Outstanding Yearwise

Breakup 108 75 105 148 508 222.5 4089 (1702) 31630 84449 119632 119600


Statement of VAT

Demand

(Yearwise)

Annexure-4

(Rs. In Crore)

Description 2009-2010 2010-2011 2011-2012 2012-2013 Total

Total Tax Assessed 389.96 479.71 850.34 891.44 2611.45

Tax Paid/Considered 334.70 390.40 516.50 453.60 1695.2

Tax Due 55.26 89.31 333.84 437.84 916.25

Interest Due 46.41 58.94 165.25 137.92 408.52

Total Due 101.67 148.25 499.09 575.76 1324.77


Annexure-5

Year wise C form Liability of Condensate (Net Sales)

(In Crore)

Year & Customer I II III IV Grand Total Total

2011-2012 60.79

EPC International Pvt. Ltd. (100185) 4.73 4.73

Sikkim Organics(100180) 14.10 12.03 13.87 16.05 56.06

2012-2013 88.95

KEEP SAFE TRADERS PVT. LTD (100300) 2.33 2.33

Sikkim Organics(100180) 22.71 22.80 17.48 23.64 86.62

2013-2014 67.78

KEEP SAFE TRADERS PVT. LTD (100300)

Sikkim Organics(100180) 18.38 7.69 20.67 21.04 67.78

Grand Total Till 2013-2014 55.19 44.85 56.75 60.73 217.53 217.53

2014-2015 21.02

EPC International Pvt. Ltd. (100185) 4.94 4.94

KEEP SAFE TRADERS PVT. LTD (100300) 0.71 0.71


Sikkim Organics(100180) 15.37 15.37

Grand Total 21.02 238.55

Internal Audit Report Finance Sales Processing Q1-2014-15 · 2014-10-30 · Internal Audit...

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Transcript of Internal Audit Report Finance Sales Processing Q1-2014-15 · 2014-10-30 · Internal Audit...