RAE-1- Income Tax (common to all Branches)

The following will be the syllabus and subjects:

A) Books Prescribed:
i. Income Tax Act 1961 (40%)
ii. Revenue Audit Manual Part-I- Section I and II (10%)
iii. Income Rules 1962 (10%)
iv. Finance Act of the Year (20%)
v. The Income Tax manual compiled by the Director of Inspection, Research. Statistics and publication Part-I
and II (Latest Edition) (10%)
vi. Manual of Office Procedure Volume-I and II (Technical) Published by Directorate of Income Tax
(Organisation and Management Services) CBDT-Department of Revenue, Government of India.
(February 2003 Edition) (10%)

B) Major areas to be covered:

i. Concepts like assessee, assessment year, Capital and Revenue Expenditure, Receipts, depreciation and other
allowances, preliminary and pre-operative expenses, deductions and exemptions, rebates, interest,
penalties and prosecution, Tax collection and recovery procedures, refunds and special provisions on
Corporate Taxations.
ii. Assessment procedures, search and seizures, appeal and revisions, Settlement Commission, time limitation
prescribed in the Act.
iii. Recent amendments and developments relating to Direct Taxes in the Finance Act.
iv. Computerisation in the Income Tax Department, vigilance and Training.
v. General awareness on matters relating to Income Tax such as PAN, filing of returns through computer,
eTDS, eTCS procedures etc.

RAE 2 - Central Excise, Customs and Service Tax

(Civil/Commercial Audit)
The following will be the syllabus and subjects:

A). Central Excise (40 percent)

i. Central Excise Act 1944 (Chapter II and IIA) (10 MCQs)
ii. Central Excise Rules 2002 (10 MCQs)
iii. Central Excise Tariff Act 1985 (5 MCQs)
iv. CENVAT Credit Rules 2002 (5 MCQs)
v. Central Excise Valuation (Determination of price of Excisable Goods) Rules 2000 (5 MCQs)
vi. Central Excise Revenue Audit Manual (Chapters,20,22,23 and 24) (5 MCQs)

Books Recommended:
1. R.K.Jains Central Excise Manual
2. R.K.Jains Central Excise Tariff
3. Revenue Audit Manual-Indirect Taxes (Central Excise)
4. Central Credit Rules by Gunashekharan
5. Excise Law Times (Latest Issues)

B) Customs (40 percent)

i. Customs Act 1962 ( Chapter V, VI, VII, IX, X and X-A) (10 MCQs)
ii. Customs Tariff Act 1975 and Custom Tariff Working Schedule. (5 MCQs)
iii. Central Excise Act 1944 (chapter II and IIA dealing with Levy and collection of Countervailing Duty) and
Central Excise Tariff Act 1985 (5 MCQs)
iv. Section 134 of the Finance Act,2003Levy and Collection of National Calamity Contingent Duty
v. Section 91,92 and 94 of the Finance (No.2) Act, 2004 for the purpose of Levy and collection of Education
Cess.
vi. Section 136, 137 and 139 of Finance Act 2007 for the purpose of Levy and collection of Higher Education
Cess.
vii. Foreign Trade Policy, for Audit of export Promotion Schemes announced annually by Ministry of
Commerce, Government of India.
SEZ Act SEZ Rules (Sl. No. iv. to viii- 10 MCQs)
viii. Revenue Audit Manual Part-II (Customs) 4th Edition (Chapter 21 and 22)

Books Recommended:
6. R.K.Jains Customs Law Manual
7. R.K.Jains Customs Tariff
8. R.K.Jains Central Excise Law Manual and Tariff

C) Service Tax (20 percent)

i. Chapter V of Finance Act 1994 (Section 65 to Section 96)
ii. Service Tax Rules 1994
iii. Export Service Rules 2005

Books Recommended:
1. Handbook on Service Tax, Volume 1,2,& 3 by shri C. Parthasarathy and Dr. Sanjiv Agarwal
2. Service Tax Reporter (latest issues)