a) Pre-Audit Stage
· To fix the annual target
· To select the goods or importer on the basis of risk analysis
· To seek details of import/export and the relevant papers from the Customs Offices
· To determine the audit plan and procedure required
· To demand the documents and information necessary for conducting audit from the above agencies pursuant to Rule 28 of the Customs Rules, 2007
b) Audit Stage
· To study all aspects of goods to be audited or the consignment of importers
· To summon and record statement of the importer in case it is deemed necessary
· To seek details and documents of import and importer from him or her or from other bodies
· To check the reserves of the goods to be audited
· To check the records of agencies related to assessment, to summon them and interrogate or ask for necessary information
· To monitor implementation status of the audit report
· To grant importer a chance of hearing in case additional revenue has to be recovered from him or her following audit
· To launch joint audit in coordination with the Inland Revenue Department in case it is deemed necessary
· To perform functions as prescribed within the ambit of Customs Act/Rules, 2007, annual Financial Acts, Value Added Tax Act/Rules, Income Tax Act/Rules, Revenue Leakage Control Act/Rules, Excise Duty Act and the like.
c) Post Audit Stage
· To provide for recovery of revenue amount if it is so held
· To inspect the papers and records relating to customs, trade and accounts of the importer
· To monitor implementation status of the audit report and render necessary advice and inputs for implementation to the concerned agencies
· To freeze the transaction of concerned importer for implementing the audit report and for audit purposes
· To inform the Customs Offices for the implementation of value establishd from post clearance audit
· To correspond to the Inland Revenue Department in case any remarks are found from audit over the revenue collected from income tax and value added tax