Duty drawback,foreign remittance etc

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Rekha (Querist)
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21 February 2009 Dear sir,
During Audit,what are the point need to check in dutydrawback,foreign remittance,freight charges,Excise duty paid ??

Thanks in Advance
A.Rekha

Deepak Agrawal

Deepak Agrawal (Expert)
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21 February 2009 As regards duty drawback, check whether cleint is claiming as per excise laws. Also check whether old duty drawback is pending or not

As regards forein payment check whether TDS has been properly deducted

As regards incoming frieght charges, check whether it is added to cost of inventory as per AS 2

As regards excise duty paid, check reconciliation between Exicse duty in books & return