Audit of Duty drawback (Very Urgent)

JITENDRA KUMAR DHINGRA (Executive) (93 Points)

26 May 2010

How we can audit the accounts of duty drawback.? What are the evidences that we may require to check and verify the duty drawback account.?

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RAMESH KUMAR VERMA ( CS PURSUING ) (43853 Points)
Replied 26 May 2010

JITENDER JI,

What are the evidences that we may require to check and verify the duty drawback account.?

AS FAR AS I UNDERSTAND BANK STATEMENT AND EP COPY OF SHIPPING BILL IS MANDATORY.

REGARDS,

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CA Amit Kumar Khaitan (Research Analyst) (360 Points)
Replied 28 May 2010

Check the following..

Bank Statement

Documents evidencing payment of Duty before..

Calculation of the Drawback amount as per the Legal Provisions

Entry in Books..

Head of Entry

Customs Communications and approval documents for drawback..

Any document you can directly relate to the matter..

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