Selective Audit introduced for excise units to target evasion prone activities and prescribe audit scope, frequency and oversight. Selective Audit regime requires targeted internal audits of duty paying units with frequency set by Commissioners based on compliance risk factors (prior audit findings, evasion prone commodities, revenue trends, pricing anomalies, discount types, end use exemptions, provisional assessments, Modvat trends, and mixed production). SSI and medium units are generally excluded from routine full audits but subject to selective visits; large units may have dual audit parties. Audits must scrutinise statutory and internal records, examine invoices selectively, endorse reviewed documents, may engage Cost Accountants, and are monitored six monthly by the Director General of Inspection.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Selective Audit introduced for excise units to target evasion prone activities and prescribe audit scope, frequency and oversight.
Selective Audit regime requires targeted internal audits of duty paying units with frequency set by Commissioners based on compliance risk factors (prior audit findings, evasion prone commodities, revenue trends, pricing anomalies, discount types, end use exemptions, provisional assessments, Modvat trends, and mixed production). SSI and medium units are generally excluded from routine full audits but subject to selective visits; large units may have dual audit parties. Audits must scrutinise statutory and internal records, examine invoices selectively, endorse reviewed documents, may engage Cost Accountants, and are monitored six monthly by the Director General of Inspection.
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