Weather deptt. will conduct excise audit for every fy

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 June 2016 Dear Seniors, please tell me weather excise deptt. will conduct excise audit for every FY or is there any ceiling limit for the same, Regard Anil kumar

Rupesh Jain

Rupesh Jain (Expert)
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17 June 2016 find limit for excise audit
amount of duty & cenvat paid in one year exceeds Rs. 3 crore- then every year
duty 1-3 crore - once in two years
duty 50 lacs to 1 CR-once in 5 years
less than 50 Lacs duty amount - 10% of unit selected every year.

Querist : Anonymous

Querist : Anonymous (Querist)

18 June 2016 sir pls tell me the means of 10% unit selected every year,

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