Cost audit applies where company turnover and specified product/service turnover exceed set thresholds, with limited export, SEZ, and captive power exemptions. Companies under item (A) require cost audit if overall turnover rupees fifty crore and aggregate turnover of specified product(s)/service(s) rupees twenty five crore; companies under item (B) require cost audit if overall turnover rupees one hundred crore and aggregate turnover of specified product(s)/service(s) rupees thirty five crore. Exemptions apply where export revenue in foreign exchange exceeds seventy five per cent of total revenue, where the company operates from a special economic zone, and where the company generates electricity for captive consumption through a Captive Generating Plant.
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Provisions expressly mentioned in the judgment/order text.
Cost audit applies where company turnover and specified product/service turnover exceed set thresholds, with limited export, SEZ, and captive power exemptions.
Companies under item (A) require cost audit if overall turnover rupees fifty crore and aggregate turnover of specified product(s)/service(s) rupees twenty five crore; companies under item (B) require cost audit if overall turnover rupees one hundred crore and aggregate turnover of specified product(s)/service(s) rupees thirty five crore. Exemptions apply where export revenue in foreign exchange exceeds seventy five per cent of total revenue, where the company operates from a special economic zone, and where the company generates electricity for captive consumption through a Captive Generating Plant.
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