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<h1>Cost audit obligations for specified product and activity groups require certified cost auditors and XBRL reporting.</h1> Directs compulsory cost audit for companies in specified product or activity groups for financial years commencing on or after 1 January 2013, with two applicability regimes based on industry-specific rules and product group listings (Table I and Table II) tied to net worth, turnover or listing thresholds; mandates appointment of a certified cost accountant or firm, adherence to prescribed appointment procedures, preparation of the cost audit report under Companies (Cost Audit Report) Rules, 2011 and XBRL filing, and subjects contraventions to penalties under the Companies Act, 1956.