Central excise ea-2000 audit manual

 · a) Frequency of Audits. As per EA norms of Central Excise Audits, the following shall be the audit frequency. Amount of annual total duty (Cash + Cenvat) paid by the assessee. Frequency of Audit. Above 3 Crores. Once in every year. Between 1 Cr – 3 Cr. Once in two years. Between 50 Lacs and 1 Crores.  · In September , the Central Board of Excise and Customs made this audit applicable in case of all assessees paying cash duty of over Rs. 1 crore per annum. At present, in addition to audit of such units, those units which pay cash duty of Rs. 10 lakhs or more but less than Rs.1 Crore will be audited once in two years. Hence, the traditional audit was replaced by a new audit system, termed as Excise Audit (EA). Also all statutory records were abolished and now assesses are allowed to maintain their own records in whichever form they like provided the essential information required for calculation of duty liability can be obtained from such www.doorway.ruted Reading Time: 5 mins.

Excise Audit (EA): (1) The EA will be introduced with effect from 15th November A minimum of 15 days' notice should be issued to the concerned assessee before commencing any audit. The actual auditing under EA, will therefore, commence from 1st December a) Frequency of Audits. As per EA norms of Central Excise Audits, the following shall be the audit frequency. Amount of annual total duty (Cash + Cenvat) paid by the assessee. Frequency of Audit. Above 3 Crores. Once in every year. Between 1 Cr – 3 Cr. Once in two years. Between 50 Lacs and 1 Crores. implementation of the audit system (based on EA methodology) and also to evolve and improve audit techniques and procedures through a periodic review. With the help of its Zonal units, the Directorate General of Audit regularly monitors Central Excise and Service Tax audits conducted by the Commissionerates to.

4. Officers, when posted to the Audit Commissionerate for the first time, should invariably be sent for training in EA and financial accounting so that. defines the Excise Audit (EA ) processs to be strictly followed by in the Central Excise Audit Manual and the Service Tax Audit Manual,2. To develop and provide policy direction and support to Service Tax Audit Programme To gauge the level of assessee satisfaction in EA by adopting.