The requirement for cost audit rules shall not apply to a company which is covered in rule 3; and (i) whose revenue from exports, in foreign exchange, exceeds seventy-five per cent of its total revenue; or (ii) which is
CS Executive · Corporate and Management Accounting · PYQS · December 2021
The requirement for cost audit rules shall not apply to a company which is covered in rule 3; and (i) whose revenue from exports, in foreign exchange, exceeds seventy-five per cent of its total revenue; or (ii) which is operating from a special economic zone; (iii) which is engaged in generation of electricity for captive consumption through Captive Generating Plant.
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: Cost Accounting
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