Auditguru Auditguru Frequently Asked Questions(FAQ) Auditguru Auditguru
 Meet Us Here
Sandeep AhujaSandeep Ahuja asked 1 month ago

Sir, Please correct me if am wrong
1. outstanding and Undisputed custom duty more than 6 months =  no reporting under CARO because not a periodic statutory payment.
2. outstanding and Disputed custom duty = reporting is required in CARO.
In CNO 400 The company has received demand notice of custom duty on 15.9.12. Company is not paying Custom duty for > 6months. it seems the intention of the company is to raise appeal against notice. Can the auditor consider it as disputed and report in CARO ? There is not clear cut answer given. 

2 Answers
RaviRavi Staff answered 1 month ago

commenting on regularity is different 
and undisputed outstanding is different
dont mix them 

RaviRavi Staff answered 1 month ago

if there is dispute
details are given if amount is unpaid 

Call Back Request