Clarification regarding cost audit

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Student CA IPC / IPCC
56 Points Posted on 08 July 2016
in case of milk dairy if total turnover exceeds 100 Cr but individual products turnover do not exceed 35 Cr each in such case whether cost audit is required is clarified?
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On 08 July 2016 at 17:44 Report
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Audit & Assurance
13864 Points Posted on 15 July 2016

As per Companies (Cost records and audit) Rules, if the overall annual turnover from all its products exceeds 50 crores and aggregate turnover of individual product excees 25 crores. Thus cost audit will be applicable

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On 15 July 2016 at 16:36

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