https://www.taxtmi.com/circulars?id=5749 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. en-us Wed, 13 Nov 1996 00:00:00 +0530 Sat, 14 Mar 2009 13:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5749 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. Circulars Central Excise Wed, 13 Nov 1996 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5749