Introduction of Selective Audit - Instructions regarding

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.... than those in SSI sector and medium scale units will ordinarily be conducted by Audit groups located at the Commissionerate Head quarters about once a year for all major units. However, in some Commissionerates, some Audit Parties may function from important industrial centers where D.C. (s) have been posted. (ii) However, this frequency can be modified by the Commissioner keeping in mind, inter alia, the following:- (a) Compliance Record of an assessee: Previous audit report of internal audit and / or CERA indicating serious irregularities, and cases detected by Anti-Evasion units etc. could call for a higher frequency of audits. (b) Type of Commodity/ Industry Turnover/ Revenue paid Units manufacturing the c....

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....not below the rank of Assistant Commissioner. Chef Commissioner may decide industry-wise/ sectoral Audit of such units on the basis of list of sensitive commodities as may be identified by the Director General, Anti Evasion. 2.3 Where any units produces both dutiable and exempted goods, it should also be subjected to comprehensive audit once a year. 3. In suitable cases, services of Cost Accountants can be utilised for audit of selected units where revenue stakes are high. 4. The audit should call for and scrutinise in depth the statutory records and returns, with assessee's internal records relating to production, and storage, delivery and disposal of finished goods and raw materials, as envisaged in Rule 173G(5) in....