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TMI BlogWhether audit can be posted within two years ?X X X X Extracts X X X X X X X X Extracts X X X X ..... Whether audit can be posted within two years ? X X X X Extracts X X X X X X X X Extracts X X X X ..... ing less than one crore in PLA have been audited by Excise Audit in 2014 and two years have not lapsed. Need to know whether they can post a reqular audit within two years?? Reply By Naveed S: The Re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ply: Sir, Those units paying PLA duty of ₹ 10 lakhs and above but less than ₹ 1 crore in a financial year are required to be normally covered once in 2 years. However, department may re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... gularly conduct audit in respect of units pertaining to evasion prone items or based on any criteria relating to 'stand alone risk parameter' as well as 'local risk factors'. You may ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... request the audit department for postponement of audit but its always better to get audit conducted at regular intervals so that issues gets cleared at an early stage. Reply By MARIAPPAN GOVINDARAJAN ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... : The Reply: As pointed out by Shri S. Naveed audit will be conducted periodically. In case of any anti evasion or any reference from DRI then only the Audit will be conducted before the stipulated p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eriod. Before auditing you will be duly informed. X X X X Extracts X X X X X X X X Extracts X X X X
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