Excise audit
This query is : Resolved
15 December 2010
We have excise manufacturing registration. We are importing the material and selling it in india. We are taking CVD set off agaisnt excise libility. Yearly Excise liability comes hardly Rs. 35 lacs. After set off hardly we are paying Rs.15-20lacs throgh PLA. What are chances of excise audit.or is any provision of exemption of excise audit.
15 December 2010
As per deptt. circular company where duty is paid through PLA 10 - 100 lacs - 7 working days audit will be conducted every year.
So you cannot avoid the audit.
So you cannot avoid the audit.
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