F . NO . 206/10/99 Government of India Ministry of Finance Department of Revenue Central Board of Excise & Cu… — THE CENTRAL EXCISE ACT, 1944

F . NO . 206/10/99 Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs Subject: - Excise Audit Scheme (EA-2000)-further guidelines for Implementation It is a directed to say that certain views have been expressed by various Commissionerates regarding implementation of the Excise Audit -2000 (EA-2000) . The initial guidelines are contained in Board ' s Circular No . 491/57/99 -CX . 6 dated 28 th of 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 . 1 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 l 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 -2000 , 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 factory/business from the data available in the Balance Sheets (Annual Reports) of the assessee/Assessee ' s profile/Other Reports before the audit is contemplated . For example , raw material cost: sale value , discount; sale , outward freight: sale , power consumption (units): prod