Cost audit

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

31 October 2013 We are manufacturer of industrial explosives (our CETA code is 3602 & 3603) whether cost audit is applicable for us ?
If yes please give m e the detail i m unable to find the same.

Thnaks & Regards
Rajshree Gupta

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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02 November 2013 Yes. applicable if your are fulfilling any one of the following criteria

1.Aggregate net worth value on last date of immediately preceding F/Y exceeds
Rs. 5 Crores.
2. Aggregate value of T/O from sale or supply of products/activities during
immediately preceding F/Y exceeds Rs. 20 Crores.
3 The company’s equity or debt securities are listed or in the process of listing on
any Stock Exchange in India or abroad.