Non registered under central excise

This query is : Resolved

CA. Naveen Jain (Querist)
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29 November 2012 A Firm has not registered under Central Excise although its turnover was Rs 2 crore as on 31.03.2011 and 2.5 crore on 31.03.2012.

And in A.Y 2011.12 Audit Report the first CA has not point out this in his Audit Report.

Now the Client insisting me not to disclose in my audit report for 2012.13 as he was not aware of the provision of Central Excise.

Sir Pls suggest what are the remedies for this and If I do not disclose in my Audit Report then how can I safe guard myself

Arun Kumar Singh

Arun Kumar Singh (Expert)
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29 November 2012 It is not a proper ground that you are not aware about excise liability. you should pay the duty liability after SSI exemption, excise department may ask to you anytime.