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urgent query

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(Querist)
23 December 2010 Can anyone tell me how to audit the purchases of a manufacturing co..and also what are the items to be kept in mind while checking the excise duty leviable on purchase invoices..please reply..
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CA.RAJIV SHUKLA FCA

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CA.RAJIV SHUKLA FCA (Expert)
24 December 2010 Pls go through your IPCC or PCC Auditing Book.

Matching of Excise Duty Charge on Bills and in Books need to be correlated with all Excise Regsiters.
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CA CS CIMA Prakash Somani

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CA CS CIMA Prakash Somani (Expert)
24 December 2010 you need got hrough the latest excise rates ion teh material manufactored by the concern together with the accoutning of excise and cenvat for the same.. also check from seller of goods personally on sample invoices..
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