26 August 2012
Dear Experts, I am carrying out an internal audit for a private limited company. I have started by auditing purchases. 1. What are the excise records that has to be maintained while purchasing Raw Materials and Capital Goods? 2. What are the excise records that has to be maintained while production is over (i.e. Finished Goods) and cleared for sale. 3> What are all the Excise records that has to be maintained by the manufacturing concern, also please explain why that registers or any other records has to be maintained.
CAclubindia
