Director General of Audit, New Delhi has prepared Service Tax Audit Manual, 2010. As per the guidelines, tax payers whose annual service tax payment (including cash and CENVAT) was Rs.3 crore or more in the preceding financial year may be subjected to mandatory audit each year. It is preferable that Audit of all such Units is done by using Computer Assisted Audit Program (CAAP) techniques. The frequency of audit for other taxpayers would be as per following norms:-
If any duty/tax ordered to be refunded under section 11B(2) of Central Excise Act, 1944, to any applicant is not refunded within three months from the date of receipt of application, interest at the applicable rate shall be paid, subject to conditions laid down under section 11BB of the Central Excise Act, 1944. Also where an amount deposited by an appellant in pursuance of an order passed by the Commissioner (Appeals) or the Appellate Tribunal, under the first proviso to section 35F of the
The �relevant date for the purpose of refund as per section 11B of the Central Excise Act, 1944 which is applicable to Service Tax also, is the date of payment of Service Tax. Thus, the limitation period of one year is to be calculated from the date of payment of the Service Tax
The same are given in para 3.10.4 & are reproduced below for ready reference of the Apparel India readers:
3.10.4 A Status Holder shall be eligible for privileges as under
While the Custom duty can be paid from DEPB, the interest has to be paid in cash only. In this connection para 8 (v) of Custom Circular No. 26/2009-Custom date. 30.09.2009 is reproduced below :
�Para 5.14 of new Handbook of Procedures Vol. 1 (2009-14) provides that in the event of non-fulfillment of EO, the EPCG Authorization holder may pay duties of customs through the scrips issued under reward / DEPB scheme also. The interest on such duty and penalties , if any, however shall be paid in cash.
On examination if the shed superintendent is satisfied that the particulars entered in the system conform to the description given in the original documents, he will give �Let Export Order'.After LEO the shipping bill is printed and their copy is handed over to CHA/ Exporter for making arrangement for stuffing / loading of the goods in the container
The system gives examination order for the goods being exported. The quantum of examination is dependent on the export promotion scheme under which the export is being made as also the destination port. Generally 5% to 10% of the goods are subjected to examination.
In most cases the Shipping Bill is processed by the system on the basis of declaration made by the exporters without any human intervention. In other cases where the Shipping Bill is processed on screen by the Customs Officer, he may call for the samples, if required for confirming the declared value or for checking classification under the Drawback Schedule. He may also give any special instructions for examination of goods, it felt necessary.
After the receipt of the goods in the Cargo shed, the exporter/CHA may contact the Customs Officer and present the check list with the endorsement of Airport Authority with all original documents such as invoice and packing list, AR-4, SDF and any other document required under the provision of any other Act or Exim Policy . Customs Officer verifies the quantity of the goods actually received and enter into the system The System generates Container / package No.
The goods brought for the purpose of examination are allowed entry to the Cargo shed on the strength of the checklist and other declarations filed by the exporter in the Service Center. The Airport authorities have to endorse the quantity of goods actually received on the reverse of the Check List.