🇮🇳India

क्रेडिट नोट दुरुपयोग (Credit Note Abuse)

1 verified sources

Definition

HPCL implemented online credit note registers to curb manual abuse in inventory reconciliation for tank trucks.

Key Findings

  • Financial Impact: ₹50,000-2 lakhs per terminal monthly in unauthorized credits
  • Frequency: Daily credit note generation
  • Root Cause: Manual maintenance of credit note registers allowing officer discretion

Why This Matters

The Pitch: Indian petroleum terminals lose ₹50,000-2 lakhs monthly to fraudulent credit notes. Automated tracking eliminates this leakage.

Affected Stakeholders

Location Incharge, Planning Officer, Finance Team

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Financial Impact

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Current Workarounds

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Methodology & Sources

Data collected via OSINT from regulatory filings, industry audits, and verified case studies.

Evidence Sources:

Related Business Risks

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