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1. Search Case laws by Section / Act / Rule β now available beyond Income Tax. GST and Other Laws Available


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<h1>EA 2000 Audit Method Enhances Transparency, Encourages Taxpayer Participation, and Allows Spot Settlement for Non-Fraudulent Short Levies.</h1> EA 2000 is a modern and interactive audit method for Central Excise, emphasizing transparency and taxpayer participation. Auditors familiarize themselves with the assessee's business before conducting audits, ensuring a systematic approach. Assessees receive prior notice to prepare records and are consulted throughout the audit, allowing for immediate resolution of issues. Audit objections, such as short payments or legal non-compliance, are documented in a draft report, which includes the assessee's perspective and audit arguments. Assessees can opt for spot settlement by paying the identified short levy with interest, provided there is no fraud or intent to evade duty.