Perceived Risk
Risk Category
Sr. No.
Delay in Payment of Excise Duty/ Inaccurate High
computation of Duty/ Duty deposited in
wrong head.
1
Delay in Filling of Monthly Return/
inaccurate figures given in the return
High
High
High
High
8
9
Delay in updation of RG 1
High
High
High
High
Medium
Medium
High
High
10
11
13
14
16
17
Audit Steps
(Review & Observe)
Must be deposited
5th(Mannual)/6th(Electronically)
of following month. (Rate must
be of Date of Removal)
Implication
Sample Size
(if required)
100%
As Given Above
100%
100%
100%
100%
100%
Inputs From
Manager
Observation
Remarks
100%
100%
100%
Recomondati Management
on
Action
High
Medium
Low
Discussed
Not-Discussed