Audtit tenure for dealership unit

Save Share

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

13 June 2014 Kindly Suggest
We have dealer registration for our trading unit under Excise /DVAT since January 2012.
Recently we got Notice for Internal Audit for 5 years. Upon clearing about obtaining the Excise reg.certificate in January 2012 and hence our Audit is not due, we are getting phone calls and mails to submit Annexure B for the Internal Audit.
please suggest if our Unit Fall in the tenure of 2 year Audit programme.
Reg Acquired : 23 Jan 2012
DO let me know if any other Information is also required to answer this Query

Regards
Sachin

Arun Kumar Singh

Arun Kumar Singh (Expert)
Follow

14 June 2014 After the registration your unit will be audited.

Querist : Anonymous

Querist : Anonymous (Querist)

14 June 2014 We understand that there is a procedure of Auditing the unit if it fall under Central Excise registration, but is there any minimum tenure for the Audit to happen for Trading Units.
And as we have spend only year and half under excise reg., should we go for Audit after 5 year ?
Does Auditing depends upon yearly turnover
or upon the nature of the product ?
Our excise consultant is emphasizing not to get our unit Audited before 5 years due to expenses that would be occurred.
Kindly suggest

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now