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of <h1>Senior Officers Must Supervise Internal Audits for Excise Units with Revenue Over Rs.5 Crores or Modvat Credit Over Rs.1 Crore.</h1> The circular mandates that Additional and Deputy Commissioners (Audit) must supervise the internal audit of excise units with annual revenue exceeding Rs.5 crores or annual Modvat credit over Rs.1 crore. This measure is part of the Self Assessment and Selective Audit Systems, emphasizing senior officers' involvement to enhance audit effectiveness. The directive requires these commissioners to visit such units during audits and also to focus on units suspected of manufacturing complex commodities. Commissioners are instructed to ensure active participation and direct supervision in the auditing process for these significant units.
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