(1) The audit of a dealer shall be conducted by the auditor,-

(i) at the place of the business of the dealer; or

(ii) in the office of the auditor,

as per the option of the dealer. An intimation shall be given to the dealer electronically through the Official Website of the Department regarding his selection for audit under section 27 of the Act and he shall be required to inform his option electronically through the official website of the Department, within fifteen days of such intimation regarding the place where he wants the audit to be conducted. Where the dealer fails to inform such option, audit shall be conducted at place of business of the dealer.(w.e.f.01-07-2016).

(1) The audit of a dealer shall generally be conducted by the auditor at the place of the business of the dealer with prior intimation to such dealer. However, the Commissioner, in appropriate cases, may direct such audit to be conducted in the office of the auditor (effective upto 30-06-2016).

(2) The audit shall be conducted as far as possible on a day-today basis.

(3) After the completion of the audit, the auditor shall prepare an audit report mentioning therein the discrepancies found, if any, at the time of audit.

(4) The audit report shall be signed by the dealer or his business manager or his authorized signatory and in case of their refusal the auditor shall make a remark to this effect.