Cost audit exemption applies where a company is export oriented or operates from a special economic zone. Rule 7 formerly exempted from the statutory cost audit requirement those companies covered by Rule 3 that either derived the substantial bulk of their ... Summary
Cost audit exemption applies where a company is export oriented or operates from a special economic zone.
Rule 7 formerly exempted from the statutory cost audit requirement those companies covered by Rule 3 that either derived the substantial bulk of their revenue from exports or operated from a special economic zone, thereby excluding such entities from the cost audit mandate while the rule remained in force.
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