What is the rule of Applicability Of Cost To Pvt. Ltd. Co. Which Is 100% EOU?
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Applicability Of Cost Audit
Replies (3)
It depends on the Product Manufactured by it....
Purely from a compliance point of view you need to visit www.icwai.org to see the listed industries that fall under the purview of CARR.
But mind you this shift in thought from being compliance oriented to business oriented is urgently needed.
If you want to apply CARR for business then you dont need to wait to see whether a rule has been thrusted on you to follow.
Cost Accounting per se if for the benefit of the business and that is the only way it should be interpreted and used and not just another compliance tool/mechanism.
regards,
If company manufature a bulk drugs and its turnover exceed the 50 Million and its a 100% EOU then what rule applicable?
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