Cost Accounting Records and Cost Audit - clarifications about coverage of certain sectors thereunder.

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..... in the specified Zones such as Special Economic Zones (SEZs), Export Processing Zones (EPZs) and Free Trade Zones (FTZs) and also to the 100% Export Oriented Units (EOUs), subject to the following: (a) Exemption from mandatory cost audit will be available only to those units of a company that are either located in the specified Zones or qualify as 100% EOUs and not to all other units of the same .....

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..... of applicable Rules/Orders starting with the year in which exemption stood withdrawn and for every subsequent year thereafter. (e) If any such exempted unit either relocates outside the specified Zones or lose 100% EOU status, then the mandatory cost audit would become applicable from the year in which such change has taken place and for every subsequent year thereafter. 2. The Institute is req .....

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