CAN ANYONE EXPLAIN ME THE EXCISE PROVISION RELATE TO FINISHED GOODS WHICH IS STOCK IN TRADE AND CLOSING STOCK AND OTHER RELATED MATTERS AS AUDIT POINT OF VIEW ?
amit
(Ca final Artical)
(33 Points)
Replied 21 June 2010
1 provide provision for excise duty for closing stock.
2 get the reco for qty & excise duty as per financials vs excise RG-1.
3 see the excise dues were paid in time for the year ended. if not mentioned in the CARO (2003) & see the provisions of section 43 B of income tax act. 1961.
Live Course on Invoice Management System (IMS) - 2nd Batch(With Recording)
CAclubindia
