https://www.taxtmi.com/acts?id=48401 A Central Excise Officer (Assistant Commissioner level or above), with Chief Commissioner approval, may direct a manufacturer or person to obtain a cost accountant's audit of specified accounts and places; the nominated cost accountant must submit a certified report within the specified period subject to an overall statutory time limit. The provision overrides other statutory audits. The Chief Commissioner fixes audit expenses, payable by the manufacturer or person and recoverable as government dues if unpaid. Subjects of the audit must be given an opportunity to be heard before audit-derived material is used in proceedings. "Cost accountant" is defined by reference to the Cost and Works Accountants Act, 1959. en-us Fri, 31 Jan 2025 15:39:23 +0530 Fri, 31 Jan 2025 15:39:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=48401 A Central Excise Officer (Assistant Commissioner level or above), with Chief Commissioner approval, may direct a manufacturer or person to obtain a cost accountant's audit of specified accounts and places; the nominated cost accountant must submit a certified report within the specified period subject to an overall statutory time limit. The provision overrides other statutory audits. The Chief Commissioner fixes audit expenses, payable by the manufacturer or person and recoverable as government dues if unpaid. Subjects of the audit must be given an opportunity to be heard before audit-derived material is used in proceedings. "Cost accountant" is defined by reference to the Cost and Works Accountants Act, 1959. Act-Rules F. Acts / Amendment Acts Fri, 31 Jan 2025 15:39:23 +0530 https://www.taxtmi.com/acts?id=48401