EA - 2000 ADUT QUARY

[Asked by Guest]

R/SIR, Today EA-2000 audit continue last 15 days , my question is that there is timelimit for audit done by Excise auditor ? Is Audit superitendent ask all past year records for scrutiny ? We had recd clear audit report for past audit & pending audit is only period ( Sept-2009 to oct-2010 ). Pl.Suggest SNEHAL SHAH

[Snehal Kulkarni]

Normally the date of audit are in coninuation with the last audit.

If your period coved during last audit was Apr 08-Mar-09, then the audit will conducted for the Period Apr-09 to Mar 10. They wont prefer to audit the last audit done by the department.

But for any dispute raised during the audit period, then they may ask to pay the demand for last Five Year.

CERA can audit for any period as they ask but not beyond 5 yr

[NANDKUMAR SAGWEKAR]

My reply is exactly as per Mr.Lokare reply

 

AI Summary

Time limit for excise audit: audits follow prior audit periods, but authorities may reopen earlier years within limitation.
Audit practice follows consecutive coverage of periods, with auditors generally not re-auditing previously audited years; however, if disputes arise during the current audit the department may reopen and raise demands for earlier periods subject to a five-year limitation and the audit authority's power to call for additional records.