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<h1>New Protocol for Central Excise Officer Visits: Audits and Rectifications u/s 74 of Finance Act, 1994.</h1> The circular addresses the protocol for visits by central excise officers to assessee premises for audits. It modifies a previous directive, allowing visits for rectification under Section 74 of the Finance Act, 1994, with Commissioner approval every two years. Annual audits are mandated for accounts related to telephones, insurance, and stock brokers. For stock brokers, audits are based on service tax payment tiers, with varying percentages of brokers and document checks. The earlier circular from 1994 is modified accordingly, and instructions are to be issued to field formations. This circular was later rescinded in 2007.