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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Cost audit applicability under Companies cost rules: turnover thresholds set and specific export, SEZ, and captive plant exemptions clarified.</h1> Rule 4 prescribes when companies must obtain a cost audit by setting turnover thresholds and specific exemptions. For companies under item (A) a company-wide turnover of Rs. 50 crore and product/service aggregate of Rs. 25 crore trigger audit; for item (B) the thresholds are Rs. 100 crore and Rs. 35 crore respectively. Exemptions remove the requirement where export revenue in foreign exchange exceeds 75% 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. The rule replaces prior threshold formulations and clarifies applicability criteria.
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