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Checklist of Excise compliances

Santosh Mishra (Accounts Officer) (136 Points)

18 December 2008

Any one can give me the checklist of excise compliances to be made by a manufacturer with 2 factories

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Vinay Somani (Articleship) (39 Points)
Replied 05 March 2009

please provide checklist for internal audit of excise dept. of a cigarette manufacturing company

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LAXMIKANT JAIPURKAR (Practicing Company Secretary/Tax Consultant) (403 Points)
Replied 05 March 2009

For Excise audit, we need to keep ready the followings for the period of audit :

1. Monthly break up of excise duty payable, paid through cenvat, paid through PLA. This break should also clearly specify the basic duty, education cess, she, etc.

2. All the TR-6 challans alongwith the proof of depositing the cheque to Bank. (If challans shows the Bank's stamp of date after due date, then the Bank's cheque acceptance letters will be helpful in avoiding the penalty and interest).

3. Upto date RG-1 register (Opening and closing balances to be tallied with balance sheet figures)

4. Debit/Credit Notes for rejection of sales/purchases.

5. Proof of material received in godown/warehouse i.e. lorry receipt.

6. Excise Gate Pass - Transporter's copies for all the invoicves on which the cenvat credit is availed.

7. Electricity bills which proves that the goods manufactured at a proper place. sometimes the excise authorities cross verifies it with the production data.

8. Related party transactions - if sales purchase or job work, etc.

9. Proofs for job work transactions, if any.

10. Signatures on sales bills- transporter copies - by authenticated officials.

11. All Balance Sheets of previous and current years.

12. ER-1 Returns for the audit period.

13. CT-3 forms and the details of material sold against CT-3, if exemption is availed for export. sales.

14. Organisation structure

15. Manufacturing process - flow chart

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