Circular No 514/10/2000 — THE CENTRAL EXCISE ACT, 1944

Circular No 514/10/2000 FNO.206/10/99 Government of India Ministry of Finance Department of Revenue Central Board of Excise Customs New Delhi, the 16 th February, 2000 Subject: Excise Audit Scheme (EA-2OOO)-further guidelines for Implementation ttis a directed to say that certain views have been expressed by various Commissionerates regarding implementation of the Excise Audit-2000 (EA-2OOO): The initial guidelines are contained in Board's Circular No. 491/57/99-CX.6 dated 28 thof October; 1999. The view of the Commissionerate are categories as follows:- 1_ Data management for Audit preparations; 2. Audit Report format; 3_ Total period of the Audit; 4_ Evaluation of the Audit Report through a scoring system; 5. System of institutionalised monitoring; 6_ Training; 7 . Availability of computer; and 8. Audit of units between Rs. crore and Rs. 5 crore revenue_ Assessee Profile (database) 1. The first view expressed was that data must be collected by all Commissionerates in a standardised format so that only absolutely essential information relevant for the conduct of audit is collected: This standardised collection would also facilitate maintenance of a computerised database al | over the country: In this connection; Standardised Format for Assessee's Profile has been devised to serve as a standard for collection of data relevant for Excise Audit-2O00, which is enclosed as Annexure-I. 1. In addition to this, it would be of advantage to the Department to know certain critical ratios relating to an assessee's factorylbusiness from the data available in the Balance Sheets (Annual Reports) of the assessee/Assessee's profile/Other Reports before the auditis contemplated. For example _ raw material cost: sale value, discount; sale, outward freight: sale, power consumption (units)