Amendment status not verified — confirm the current text below against the official source.
(l ) lf ot ony stoge of scrutiny, inquiry, investigotion or ony other proceedings before him, ony officer not below the ronk of Assistont Commissioner, hoving regord to the noture ond complexity of the cose qnd the interest of revenue, is of the opinion thot the volue hos not been correctly declsred or the credit ovoiled is not within the normol limits, he moy, with the prior opprovol oi the Commissioner, direct such registered person by o communi- cotion in writing to get his records including books of occou nt exomined ond oudited by o chortered occountont or o cost occountont os moy be nominoted by the Commissioner. (2) The chortered occountont or cost occountont so nominoted sholl, within the period of ninety doys, submit o report ol such oudit duly signed ond certified by him to the soid Assisto nt Commissioner mentioning therein such other porticulors os moy be specified: Provided thot the Assistont Commissioner moy, on on opplicotion mode to him in this beholf by the registered person or the chortered occountont or cost occountont or for ony moteriol ond sufficient reoson, extend the soid period by o further period of ninety doys. (3) The provisions of sub-sedion (l ) sholl hove effect notwithstonding thot the occounts of the registered Speciol oudit. 200 person hove been oudited under ony other provisions of this Act or ony other low for the time being in force. (4) The registered person sholl be given on opportunityof being heord in respect ofony moteriolgothered on the bosis of specioloudit under sub-section (l ) which is proposed to be used in ony proceedings ogoinst him under this Act or the rules mode thereunder. (5) The expenses of the exominotion ond oudit of records under sub- section ( 1 ), including the remunerotaon of such chortered occountont or cost occountont, sholl be determined ond poid by the Commissioner ond such determinotion sholl be finol. (6) Where the speciol oudit conducted under sub-section (l) results in detection ol tox not poid or short poid or erroneously refunded, or input tox credit wrongly ovoiled or utilised, the proper officer moy initiote oction under section 73 or sectionT4. CHAPTER - XIV INSPECTION, SEARCH, SEIZURE AND ARREST