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of <h1>New Cost Audit Rules: Companies Must Audit Based on Turnover, with Key Exemptions for Export and Special Economic Zones.</h1> Companies specified in item (A) of rule 3 must conduct a cost audit if their annual turnover exceeds fifty crore rupees, with individual product or service turnover over twenty-five crore rupees. Those in item (B) require an audit if turnover exceeds one hundred crore rupees, with individual product or service turnover over thirty-five crore rupees. Exemptions apply to companies with over seventy-five percent revenue from exports, those in special economic zones, or those generating electricity for captive consumption. Previous provisions required audits based on strategic industry involvement, turnover thresholds, or net worth for specific products or services.
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