Excise Audit 2000 System Revolutionizes Excise Duty Audits with Risk-Based Selection and Computer Assisted Audit Programme

The Excise Audit 2000 (EA 2000) system, initiated in December 1999, was fully implemented by January 2002, replacing the traditional audit system for excise duty assessees. It focuses on verifying private records and accounting methods of assessees, emphasizing risk-based selection, internal control evaluation, and systematic audit planning. The audit process involves steps like selection of assessees, desk review, information gathering, internal control assessment, and trend analysis. It aims to resolve tax non-compliance through consensus and consultation, distinguishing itself from anti-evasion activities. The Computer Assisted Audit Programme (CAAP) supports audits for companies maintaining electronic records.

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