PROCEDURE OF EXCISE AUDIT 2000
. p.a.
(ii) 10 lakhs < duty < 1 crore. once in two years.
(iii) Duty < 10 lakhs Maximum 20% of units on rotation basis.
PROCEDURE OF EXCISE AUDIT 2000
Selection of Assessee Risk factor. If bad track record then high priority.
Desk Review gather in formation about the assessee without interacting
Documenting Information questionnaire
Touring Visit the units of assessee to actual running.
Audit Plan list vulnerable areas, dynamic plan.
Verification conduct of actual audit on a scheduled date.
Audit objection and Audit Para if short/non payment. Discuss with assessee . Make objection but not of mere procedural lapse.
Audit Report He makes draft report. Discuss with superior officers. Then finalise.
Excise Audit 2000 good and participative audit. Auditor must be thorough about laws and having good accounts background.
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