Container Corporation

Concor's core business is to offer multi-model logistical support to facilitate india's Export/Import as
well as domestic trade. its terminals (known as ICDs) are situated on leased Railway-land.
ICDs collect export/import cargo stuffed in containers and tranport them over to port by
means of rail links. It serves the purpose of bringing all port facilities including Customs
clearance to the customer's doorstep.The rail links enable us to facilitate the moving of
large volumes over long distances in the most cost effective manner.
Besides, it also provided bonded warehouse facilities to the exporter/importer.
Its warehouses are located in close proximity to the sidings/ICDs where imports arrive in
the first place. This makes bonding of cargo a very cost effective option, as there are
practically no transfer costs involved in the movement of cargo from landing facility to a
nominated bonded warehouse.
Work Done
Verification of stuffing/destuffing charges
Verification of handling charges
Verification of Loaded ground rent/empty ground rent
Verification of demurrages
Verification of freight
MTNL
Inter-Unit reconciliation
Reconcilation of ATC/ATD received from other units.
Schedule 54/51
CWIP
Cable Rehabilitation
Local Telephone Exchange
NHB
Its a cooperative society set by GoI with a view to develop hi-tech commerical horticulture as well as
popularisation of new technologies / tools / techniques for commercialization of horticulture
produce.
It requires the subsidy aspirant to submit detailed project report specifying crop to be produced,
break up total cost of project.
Evaluation of project feasibilty report in the wake of subsidy guidelines, verification of whether
subsidy disbursement is as per norms, whthter the project is still running or not.
Phillips
Verification of Bill of entry and TR-6 challans
For each of the BOE selected for all the business unit i.e. Lamps, Special Lighting and Luminaires, we
selected top 10 sales invoices (sales value wise) for verification.
3 Verified VAT/CST Chalan and return for m/o April 09, June 09 and July 09 for one location in each
region for which sales are coming in Annex C. Trace the sales invoices claimed in Annex C to VAT/CST
return.
1 Against every product purchased, the Company has a corresponding internal product code /
product description. In Annex C, the internal code/description is used for specifying the product sold.
2 In case excess quantity is sold as compared to qty purchase of a particular product, excess qty is
shown in Annex C. SAD claim is limited to qty actually imported.
3 Proof of Delivery: In order to check the sales in respect of which claims were made, we had asked
for top 10 sales invoices (all in case number of invoice is less than 10) for the selected bills of entry.
Out of these top 10 sales invoices, we have not received some invoices. Although the missing invoices
were checked on a sample basis from the online system but we would need the proof of delivery
(acknowledged sales invoice) for the same.
4 Stock Ledger Summary: In order to justify that the sales are allocated to the Bills of Entry on FIFO
basis, we had asked for Stock Ledger summary for selected Bills of Entry. We were unable to verify
the same since as per the client, their system does not show the stock position as on the date of bill of
entry and hence the allocation on FIFO basis cannot be verified.
Role of internal audit
Internal audit is an effective tools for the assistance of top management which help in ensuring compliance with the
corporate standards and local legislation.
It helps in
improving operational efficiency of prevailing processes as well as adoption of best business practices prevailing in
When I talk about compliance with the corporate standards - it primarily invoves assessment of internal control.
For which on needs to geet familiarise with the business processes, and SAP modules performing risk analysis
supported by proper data minig methodaligies.
Why leaving KPMG
After qualifying CA my first choice of employment was to join industry rather to go for practise or a fimr/ Thanx to
the recessionary condition prevailing in entire 2009 and the early quarter of Dec 2010 that I didn' t get a decent
offer. I decided to join KPMG to get exposure of prime business segment in there portfoilo before i can finally switch.
Moving on from KPMG is still one of the hardest decision i have ever undertaken. Now the present offeris an
excitiong opportunity and also i am intrigued by the opportunity.
8.5
2.55
8.5
2.55
8.5
2.55