https://www.taxtmi.com/article/detailed?id=5265 Central Excise audits are structured, risk based reviews emphasizing duty liability, cenvat credit, classification and valuation; officers may invoke show cause notice provisions if short levy or erroneous refunds are identifiable in records, and may direct special audits by nominated accountants. The departmental audit programme requires selection, desk review, systems documentation, internal control evaluation, trend and risk analysis, verification, working papers, review with the assessee and supervisory officers, and final reporting. Key operational focuses include tariff classification, lawful cenvat availment and reversals, job work, export formalities, valuation compliance and reconciliations. en-us Thu, 05 Sep 2013 14:58:06 +0530 Thu, 05 Sep 2013 14:58:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5265 Central Excise audits are structured, risk based reviews emphasizing duty liability, cenvat credit, classification and valuation; officers may invoke show cause notice provisions if short levy or erroneous refunds are identifiable in records, and may direct special audits by nominated accountants. The departmental audit programme requires selection, desk review, systems documentation, internal control evaluation, trend and risk analysis, verification, working papers, review with the assessee and supervisory officers, and final reporting. Key operational focuses include tariff classification, lawful cenvat availment and reversals, job work, export formalities, valuation compliance and reconciliations. Articles Central Excise Thu, 05 Sep 2013 14:58:06 +0530 https://www.taxtmi.com/article/detailed?id=5265