Companies(cost records and audit) rules, 2014 applicability

According to Rule 3 of Cost Audit Rules, your Company falls under  item (B) specified in Rule3.

And as Per Rule 4 of Cost Audit Rules, Company Covered under item B of Rule 3 shall get its cost Record audited, if the overal annual Turnover from all its products and services during immediately preeceding financial year is Rupees 100 crores Rupees or more and the agregate turnover from indivisual products or service is Rupees 35 Crore Rupees or more.

Dear Member,

Please refer Cost Audit Standards.