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Cost audit applicability

This query is : Resolved 

14 December 2009 Which industries are currently covered under CARR(Cost accounting record rules) for maintenance of cost records. Is the frequency of ordering special audits under s233B consistent

15 December 2009 From the belowmentioned list it will be clear that almost all types of industries are covered under Cost Audit.

1 Cement,
2 Cycles,
3 Tyres and Tubes,
4 AC,
5 Batteries othr than Dry Cells,
6 Electric Lamps,
7 Electric Fan,
8 Electric Motors,
9 Motor Vehicles,
10 Aluminium,
11 Vanaspati,
12 Bulk Drugs,
13 Sugar,
14 Industrial Alcohol,
15 Jute Goods,
16 Paper,
17 Freeze
18 Rayon
19 Dyes
20 Polyestr
21 Nylon
22 Textiles
23 Dry Cell Batteries
24 Steel Tubes and Pipes
25 Engineering
26 Electric Cable and Conductors
27 Bearings
28 Milk Food
29 Chemical Industries
30 Formulations
31 Steel Plant
32 Insecticides
33 Fertilizers
34 Soaps and Detergetnts
35 Cosmetics and Toiletries
36 Footwear
37 Shaving Systems
38 Industrial Gases
39 Mining and Metallurgy
40 Electronic Products
41 Electricity Industry
42 Plantation
43 Petroleum
44 Telecommunication

These industries are required to submit cost audit repor every year.

Special audit is ordered by the Commissioner of Central Excise when it is found that some irregularities are there.


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