https://www.taxtmi.com/circulars?id=11655 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. en-us Fri, 25 May 2012 00:00:00 +0530 Tue, 29 May 2012 18:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11655 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. Circulars Companies Law Fri, 25 May 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11655