Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

PRE AUDIT

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... PRE AUDIT
By: -
Central Excise
Dated:- 20-11-2007

As per the Board Circular issued in 2001 pre audit was compulsory for the amount exceeding Rs.50000/-(Fifty Thousand only). Even thou .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... gh the jurdistctional Assistant/Deputy Commissioner sanctions refund under Sec 11B , pre audit was compulsory by the audit team for sanctioning the refund to the assessee. Now the department has rai .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... sed the limit to Rs.5,00,000/- (Five lakhs is a welcome move) because the assessee has to wait for refund even after three months since the Deputy Commissioner has to wait for the range report and aft .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... er the claim is ready for refund it will be sent for pre audit. Now by means of increase in amount of limit, some amount of relief has been provided to the assessee's. regards t.r.r
Scholarly a .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... rticles for knowledge sharing by authors, experts, professionals .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates