Companies (Cost Records and Audit) Rules, 2014 - Amended
GOVERNMENT has amended the Companies (Cost Records and Audit) Rules, 2014.
‘Central Excise Tariff Act Heading' has been defined as the heading as referred in the Additional Notes in the First Schedule to the Central Excise Tariff Act.
Cost records are mandatory for companies engaged in production of certain goods and providing services mentioned in the Table.
Cost Audit mandatory if turnover exceeds Rs. 25 crores.
Any vacancy in the office of cost auditor shall be filled by the Board within thirty days under intimation to the Government.