Mock Audit of Excise records
This query is : Resolved
Raghu Raman
(Querist)
27 October 2009
One of my Clients has requested me to conduct a mock audit of its excise records to identify the flaws, if any, in its system so that they can be corrected and the Company be prepared when there is a real audit from the Excise Deartment.
Can anyone please guide me on how to go about it? If there is any Manual, please mail it to raghuraman_279_in@yahoo.com.
Thank You.
Can anyone please guide me on how to go about it? If there is any Manual, please mail it to raghuraman_279_in@yahoo.com.
Thank You.
ANIL JANGID
(Expert)
28 October 2009
*First see no cenvat copy of excise invoices missing
* varify to taken credit with Excise records
* Varify production,clearance,value,excise duty records.
* varify all shifment proofs received
* varify Excise duty paying challans.
* varify excise duty tarrif with notification.
* see the timely filing excise returns.
* varify to taken credit with Excise records
* Varify production,clearance,value,excise duty records.
* varify all shifment proofs received
* varify Excise duty paying challans.
* varify excise duty tarrif with notification.
* see the timely filing excise returns.
28 October 2009
In addition to the points given by Mr Jangid, One point to be considerd :
Make a reconciliation of your Excise Record with Audited Balance Sheet.
Make a reconciliation of your Excise Record with Audited Balance Sheet.
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