18 September 2015
dear expert. Kindly advice the following case.
we are the manufacturer of automobile parts since 2006. cost records and audit not yet done by us. our turnover > 100 cr Networth > 5 cr but not listed in stock exchange
can we compliance of cost records and audit now?
penalty and fee for that?
how many years we have to done compliance.
if non compliance of that what are the implication / Prosecution
21 September 2015
I need to know the central excise tariff of your clearance and the quantum of turnvoer of preceding years. Have your auditors qualified for non maintenance of cost audit records/ non compliance of cost audit?