26 June 2011
sir i would like to know that I m working in Automobile industary and our turnover is more than 100 crores immediately last Financial ,is the Cost Audit & Cost Recors certification is applicabe to us, from FY 2011-12 as per the nodification on 2&3 june 2011
27 June 2011
Go through the notification what is the date applicable and for which accounting year. If it is applicable for accounting year 2011-12 then you have to comply with it.
In my opinion the same is applicable from F.Y 2011-12.