https://www.taxtmi.com/article/detailed?id=8015 The Regulations provide a framework for post clearance customs audit: defining audit, auditee and premises; requiring risk based selection; allowing audits at officer's office or auditee premises with advance notice; mandating preservation and timely production of records including electronic records; permitting inspection of goods, sampling and engagement of professional experts with approval; obliging officers to inform auditees of objections before report finalisation and to communicate outcomes when documents or samples were requested; and prescribing a monetary penalty for contravention or failure to comply. en-us Sat, 26 May 2018 07:10:36 +0530 Sat, 26 May 2018 07:10:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8015 The Regulations provide a framework for post clearance customs audit: defining audit, auditee and premises; requiring risk based selection; allowing audits at officer's office or auditee premises with advance notice; mandating preservation and timely production of records including electronic records; permitting inspection of goods, sampling and engagement of professional experts with approval; obliging officers to inform auditees of objections before report finalisation and to communicate outcomes when documents or samples were requested; and prescribing a monetary penalty for contravention or failure to comply. Articles Customs - Import - Export - SEZ Sat, 26 May 2018 07:10:36 +0530 https://www.taxtmi.com/article/detailed?id=8015