Cost records & audit

This query is : Resolved

Raj Selvamani (Querist)
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18 September 2015 dear expert.
Kindly advice the following case.

we are the manufacturer of automobile parts since 2006.
cost records and audit not yet done by us.
our turnover > 100 cr
Networth > 5 cr
but not listed in stock exchange

can we compliance of cost records and audit now?

penalty and fee for that?

how many years we have to done compliance.

if non compliance of that what are the implication / Prosecution

Thanks
Raj

Raj Selvamani

Raj Selvamani (Querist)
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18 September 2015 Dear please reply

need urgent

Guest

Guest (Expert)

21 September 2015 I need to know the central excise tariff of your clearance and the quantum of turnvoer of preceding years. Have your auditors qualified for non maintenance of cost audit records/ non compliance of cost audit?

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Raj Selvamani

Raj Selvamani (Querist)
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23 September 2015 Dear sir,

Our Tariff 87 chapter. T/O more than 100 cr preceding years.

Guest

Guest (Expert)

23 September 2015 pls check the mail i have sent u