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January 2012

Cost Accounting Records and Cost Audit Record Rules — Clarifications about coverage of certain sectors thereunder.

By Sejal Vasa, Company Secretary
Reading Time 1 mins
The MCA has vide Circular No. 67/2011, dated 30th November, 2011 has issued clarifications regarding coverage of certain sectors in the Cost Audit Record Rules. It has mentioned that the rules are not applicable to wholesale and retail activities, those engaged in job work, export-oriented units having 100% captive consumption, etc.

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