Cost audit exemption for export zone and fully export oriented units, conditioned on records, DTA limits and regulatory data requests. Exemption from mandatory cost audit is extended to units located in Special Economic Zones, Export Processing Zones, Free Trade Zones and to fully export oriented units, but only for those specific units and not for other units of the same company. Exempted units must still maintain cost accounting records and file compliance reports. Exemption is subject to regulatory requests for industry cost data, limits on domestic tariff area sales, and loss of zone or export oriented status, each of which triggers application of mandatory cost audit from the year of breach or change.
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Provisions expressly mentioned in the judgment/order text.
Cost audit exemption for export zone and fully export oriented units, conditioned on records, DTA limits and regulatory data requests.
Exemption from mandatory cost audit is extended to units located in Special Economic Zones, Export Processing Zones, Free Trade Zones and to fully export oriented units, but only for those specific units and not for other units of the same company. Exempted units must still maintain cost accounting records and file compliance reports. Exemption is subject to regulatory requests for industry cost data, limits on domestic tariff area sales, and loss of zone or export oriented status, each of which triggers application of mandatory cost audit from the year of breach or change.
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