ADC/DC (Audit) to supervise audit of units with annual Revenue exceeding Rs.5 crores or annual modvat credit exceeding Rs. 1 crore

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... duty over Rs.5 crores annually or availing Modvat Credit over Rs.1 crore I am directed to say that in the context of Self Assessment and Selective Audit Systems which are currently being followed in the Central Excise. It is imperative to have substantially increased participation of the senior officers in the work of audit. Test audit is also being undertaken on the basis of the New Draft Aud....