Inspection of records

59 Inspection of records |Rule: Nil | Form: Nil | All records, books of accounts, registers and other documents, maintained by a dealer, transporter or operator of a warehouse shall, at all reasonable times, be open to inspection by the Commissioner. ' Substituted for the words, “The expenses of, and incidental to, the examination and audit of records under sub-section (1), (including the remuneration of the accountant or a panel of accountants or professional or panel of professionals) shall be determined and paid by the Commissioner and that determination shall be final.”, vide Notification No. F.14(4)/LA- 2013/cons2law/11, dated 28.3.2013 read with No.3(17)/Fin.(Rev.-1)/2012-13/dsvi/263; dated 30.3.2013 w.e.f. 18.6.2012, retrospectively Earlier substituted for the words, “The provision of sub-section shall have effect notwithstanding that the accounts of the dealer have been audited under any other provision of this Act or any other law for the time being in force or otherwise’, vide notification No. F.14(13)/LA-2012/cons2law/179 dated 28.12.2012 read with No.F.3(9)/Fin.(Rev.-1)/2012- 13/dsvi/34-39 dated 15.1.2013 w.e.f. 16.1.2013. In fact, on 16.1.2013, instead of substitution of sub-section (4), the sub-section (2) was wrongly substituted. Mistake has been rectified through present amendment dt. 28.3.2013. Substituted for the words, “(4) The expenses of, and incidental to, the examination and audit of records under sub section (1) (including the remuneration of the accountant or a panel of accountants or professional or panel of professionals) shall be paid by the dealer as determined by the Commissioner and that determination shall be final and default in such payment shall be recoverable from the dealer as tax and in the manner provided for the recovery of arrears of tax under this <Act.”, vide Notification No. F.14(4)/LA- 2013/cons2law/11, dated 28.3.2013 read with No.3(17)/Fin.(Rev.-1)/2012-13/dsvi/263; dated 30.3.2013 w.e.f. 18.6.2012, retrospectively. 2 The Commissioner may, for the proper administration of this Act and subject to such conditions as may be prescribed, require — (a) any dealer; or (b) any other person, including a banking company, post office, a person who transports goods or holds goods in custody for delivery to, or on behalf of any dealer, who maintains or has in his possession any books of accounts, registers or documents relating to the business of a dealer, and, in the case of a person which is an organisation, any officer thereof; to — (i) produce before him such records, books of account, registers and other documents; (41) | answer such questions; and prepare and furnish such additional information; relating to his activities or to the activities of any other person as the Commissioner may deem necessary. The Commissioner may require a person referred to in sub-section above, to — (a) prepare and provide any documents; and (b) verify the answer to any question; in the manner specified by him. The Commissioner may retain, remove, take copies or extracts, or cause copies or extracts to be made of the said records, books of account, registers and documents without fee by the person in whose custody the records, books of account, registers and documents are held.