CAN ANYONE EXPLAIN ME THE EXCISE PROVISION RELATE TO FINISHED GOODS WHICH IS STOCK IN TRADE AND CLOSING STOCK AND OTHER RELATED MATTERS AS AUDIT POINT OF VIEW ?
CAN ANYONE EXPLAIN ME THE EXCISE PROVISION RELATE TO FINISHED GOODS WHICH IS STOCK IN TRADE AND CLOSING STOCK AND OTHER RELATED MATTERS AS AUDIT POINT OF VIEW ?
1 provide provision for excise duty for closing stock.
2 get the reco for qty & excise duty as per financials vs excise RG-1.
3 see the excise dues were paid in time for the year ended. if not mentioned in the CARO (2003) & see the provisions of section 43 B of income tax act. 1961.
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