When cost audit applcable in mfg unit - ceramic insulators

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This query is : Resolved

ASHWIN GODHANIYA (Querist)

26 August 2013
you are all requested to suggest when Cost Audit Applicable in Manufacturing Unit -

we are Manufacturing of Ceramic Electrical Insulators - item mainly used only by Electricity Board

you are requested to guide and give all norms

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

26 August 2013 Cost audit apply for companies engaged in production, processing, manufacturing, or mining activities and which satisfies any one of the following criteria as as Cost audit rules 2011
1.Aggregate value of net worth as on the last date of the immediately preceding financial year exceeds rupees 5 crores.
2.Aggregate value of the turnover made by the company from sale or supply of all products or activities during the immediately preceding financial year exceeds rupees 20 crores.
3.Companies whose equity or debt securities are listed or are in the process of listing on any stock exchange, whether in India or outside India

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