Central Board of Indirect Taxes & Customs vide circular dated 06.09.2023 has issued instructions for streamlining of Customs Post Clearance Audit (PCA). The number of entities to be selected for audit during a financial year is to be calculated as per the capacity to conduct audits as informed by the Audit Commissionerates and finally decided by the committee.
It must be ensured that every entity selected should be subjected to the full audit cycle starting from Desk Review, Audit Plan, Audit Verification and preparation of Audit Report.
