https://www.taxtmi.com/forum/issue?id=110117 Assessment of a closed excise unit remains a deemed assessment; the department may issue notices within the ordinary limitation period unless fraud, collusion, or suppression of facts is involved, in which case an extended limitation period applies. Units below the small-scale turnover threshold are generally not subject to routine audit but may face audit if categorised as doubtful or selected randomly; records should be retained for the applicable limitation horizon. en-us Thu, 31 Mar 2016 18:39:59 +0530 Thu, 23 Jan 2025 15:56:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=110117 Assessment of a closed excise unit remains a deemed assessment; the department may issue notices within the ordinary limitation period unless fraud, collusion, or suppression of facts is involved, in which case an extended limitation period applies. Units below the small-scale turnover threshold are generally not subject to routine audit but may face audit if categorised as doubtful or selected randomly; records should be retained for the applicable limitation horizon. Discussion-Forum Central Excise Thu, 31 Mar 2016 18:39:59 +0530 https://www.taxtmi.com/forum/issue?id=110117