Maharashtra excise division lapses induced income lack of a number of crore rupees: CAG
“Beneath the Bombay Prohibition (Privilege Charge) Guidelines, 1954, a provision exists to cost charges for adjustments in partnership. Nonetheless, no such provision was relevant to important adjustments in shareholding of public restricted corporations, leading to a lack of Rs 26.93 crore to the state,” the CAG noticed. The absence of a provision within the Excise…