TMI BlogEXCISE AUDIT 2000X X X X Extracts X X X X X X X X Extracts X X X X ..... dit as the basic information about the assessee are gathered and analyzed in depth before conducting the audit. The Audit team would visit the premises of the assessee for conduct of the Audit after sending the intimation to that effect well in advance so as to enable the assessee to keep the records ready for the audit. The requirement of records would also be stated in the said intimation lett ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... examination of the issue in all respects. The jurisdictional Range officer will initiate appropriate action to protect the interests of revenue by observing the principles of Natural justice. 12.3 Spot settlement of Audit objections: The assessees may, at their option, prefer to make payment of the non-levy or short levy as pointed out by the Audit along with the appropriate interest. In s ..... X X X X Extracts X X X X X X X X Extracts X X X X
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