CSBCl purchased foreign liquor at higher price: CAG

| | Raipur
  • 0

CSBCl purchased foreign liquor at higher price: CAG

Friday, 31 March 2017 | Staff Reporter | Raipur

The Chhattisgarh State Beverages Corporation ltd (CSBCl) had finalised purchase price of foreign liquor for the years 2014-15 and 2015-16 at higher rates in violation of terms and conditions of tender as well as directives of Board of Directors resulting in extension of undue benefit of

Rs112.87 crore to the suppliers of foreign liquor, the Comptroller  and Auditor General of India (CAG) report observed.

As per clause 5 (a) of the terms and conditions of Rate offer, the suppliers were to submit purchase price with ‘Ex Distillery Price’ (EDP) for these products, which they want to sell in State in the prescribed format of ‘Annexure A’ to the tender document, it observed.

However, none of the suppliers had submitted EDP for the years 2014-15 and 2015-16 because the format of ‘Annexure A’ was not having any column to indicate EDP though a specific column for submitting EDP in the format of ‘Annexure A’ was included upto 2012-13, it observed.

Obtaining the EDP was important as it helps the company to ascertain what are the indirect charges after EDP being loaded by the suppliers to arrive at a purchase price and whether the same are

reasonable or not, the report observed. 

Sunday Edition

Grand celebration of cinema

17 November 2024 | Abhi Singhal | Agenda

Savouring Kerala’s Rich Flavours

17 November 2024 | Abhi Singhal | Agenda

The Vibrant Flavours OF K0REA

17 November 2024 | Team Agenda | Agenda

A Meal Worth Revisiting

17 November 2024 | Pawan Soni | Agenda

A Spiritual Getaway

17 November 2024 | Santanu Ganguly | Agenda

Exploring Daman A Coastal Escape with Cultural Riches

17 November 2024 | Neeta Lal | Agenda