ANNEXURE H

AUDIT PLAN
Note: This is only an illustrative Audit Plan for M/s ABC Paper Mills. Plan for
each unit should be prepared based on the specific requirement.

Sl.
No
.

Subject

Specific
Issue

Source
Document

Classifica
tion

Use of Classificatio
nonn
convent declaration
ional
inputs
for
manufa
cture of
paper

Back-up
Document

Valuation

Turnove
r
Discoun
ts

CE Invoice

3. Lab reports
for pulp.
Pulp

1. Commercial Entire
invoice
Audit
period
2.
General
ledger
3. Credit/ Debit
notes

Valuation

Selection
Criteria

1.
R
M For
the All
Procurement
months:
documen
Register
ts
April, July
2.
Digester and
Control sheets/ October
register
99

4.
recovery
register
2

Coverage
Period

All
invoice
serial
numbers
ending
with 5.

Sale to 1. CE Invoice 1. Agreements Second

All
related
2.
Price relating
to quarter of invoices
person
declaration
sales
99.
pertainin
g
to
2. Party ledgers
related
buyer
3. Invoices of
comparable
goods
to
unrelated buyer

CENVAT
Credit

Receipt
of
actual
quantity
vis--vis
quantity
on
which
credit
taken

1
Input 1.
Material Entire
invoices
receipt
note/ Audit
register
period
2
Credit
availment
2.
Insurance
register
claim
documents for
transit losses

Credit on Availme 1
Capital
Capital
nt
of Goods
goods
credit in invoices
2nd year
2
Credit
availment
register

All
invoice

3. Stores ledger
1.
Physical
verification of
possession and
use.

All capital All

goods on invoices
which 2nd
instalmen
t of credit
is availed
during the
audit