how to maintain cost records as per new cost records and audit rule 2014 updated

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As per section 469 and section 148 of Companies act 2013

for Regulated and Non-Regulated Sectors:-

Companies as per Sec 2 of Companies Act 2013,Inculding foreign Companies

Production /Services Specified in Tables A & B

Over all Turnover from all Products and Services

Rs. 35 Cr. or More During the immediately Preceding the

F.Y

Sl.No. Industry/Sectors/Product/Services CETA Heading(Where Applicable)

1. Telecommunication Services (Other than broadcasting Services) Not Applicable

2. Generation, Transmission, Distribution and Supply of Electricity (Other than Captive Consumption)

Not Specified

3. Petroleum Products 2709 to 2715

4. Drugs and Pharmaceuticals 2901 to 2942;3001 to 3006.

5. Fertilisers 3102 to 3105

6. Sugar and Industrial alcohol 1701, 1703, 2207

Sl. No. Industry/Sectors/Product/Services CETA Heading(Where Applicable)

1. Machinery and mechanical appliances used in Defence, Space and Atomic energy sectors .Excluding :- Any ancillary item/items.Explanation:-Company which is engaged in any item/items

supplied exclusively shall be deemed to becovered under this rules.

8401 to 84028801 to 88058901 to 8908

2. Turbo jets and Turbo Propellers 8411

3. Arms and Ammunitions 3601 to 36039301 to 9306

4. Propellant Powders, Prepared explosives (other than propellant powders),Safety fuses, Detonating fuses, Percussion or Detonation caps, Igniters, Electric detonat0rs

3601 to 3603

5. Radar apparatus, Radio navigational aid apparatus and Remote control apparatus.

8526

Sl.No. Industry/Sectors/Product/Services CETA Heading(Where Applicable)

6. Tanks and Other armoured fighting vehicles,motorised (whether or notfitted with weapons) and parts of such vehicles, that are funded(investment made in the company) to the extent of 90% or more by theGovt/Govt agencies;

8710

7. Port service s of stevedoring, Pilotage, Hauling,Mooring, Re-Mooring, Hooking,Measuring,Loading and Unloading services rendered by a port.

Not Applicable

8. Aeronautical services of the air traffic management,Aircraft Operations, Ground safety services,Ground handling, Cargo facilities and Supplying fuel rendered by the airports ;

Not Applicable

9. Steel; 7201 to 72297301 to 7326

10. Roads and other Infrastructure projects; Not Applicable

11. Rubber and Allied Products; 4001 to 4017

12. Coffee and Tea; 0901 to 0902

Sl.No. Industry/Sectors/Product/Services CETA Heading(Where Applicable)

13. Railways and Tramway locomotives,Rolling stock,Railway or tramway fixtures and fittings,mechnical (including electro mechanical) and Traffic signalling equipments of all kind;

8601 to 8608

14. Cement; 2523,6811 to 6812

15. Ores and Minerals Products; 2502 to 25222524 to 25262528 to 25302601 to 2617

16. Mineral fuels (other than Petroleum), Mineral oils etc; 2701 to 2708

17. Base Metals; 7401 to 74037405 to 7413,7419,7501 to 75087601 to 76147801 to 78027804 to 78067901 to 7905,7907,8001,8003,80078101 to 8113

Sl.No. Industry/Sectors/Product/Services CETA Heading(Where Applicable)

18. Organic or Inorganic chemicals,Organic or Inorganic compounds of previous metals,rare -earthe metals of radioactive elements or isotopes;

2801 to 28532901 to 29423801 to 38073402 to 34033809 to 3824

19. Jute and Jute products; 5303, 5310

20. Edible oils; 1507 to 1518

21. Construction Industry; Not Applicable

22. Health Services , namely functioning as or running Hospitals, Diagnostic centres,Clinical centres or test laboratories;

Not Applicable

23. Education Service (Other than falling under philanthropy or as part of social spend which do not form part of any business) ;

Not Applicable

24. Milk Powder; 0402

Sl.No. Industry/Sectors/Product/Services CETA Heading(Where Applicable)

25. Insecticides; 3808

26. Plastics and Polymers; 3901 to 39143916 to 3921;3925

27. Tyres and Tubes: 4011 to 4013

28. Paper; 4801 to 4802

29. Textiles; 5004 to 50075106 to 51135205 to 52125303,53105401 to 54085501 to 5516

30. Glass 7003 to 70087011,7016

Sl.No. Industry/Sectors/Product/Services CETA Heading(Where Applicable)

31. Other Machinery 8403 to 8487

32. Electricals or Electronic Machinery 8501 to 85078511 to 85128514 to 8515, 85178525 to 85368538 to 8547

Sl.No. Industry/Sectors/Product/Services CETA Heading(Where Applicable)

33. Production, Import and supply or Trading of following Medical Devices namely:-(i) Cardiac stents(ii) Drug eluting stents(iii) Catheters(iv) Intra ocular lences(v) Bone Cements(vi) Heart valves(vii) Orthopaedic implants (viii) Internal prosthetic replacements(ix) Scalp vein set(x) Deep brain Stimulator(xi) Ventricular peripheral shud(xii) Spinal implants(xiii) Automatic impalpable cardiac deflobillator(xiv) Pacemaker (Temporary and Permanent)(xv) Patents ductus arteriosus, atrial septal defect and ventricular septal

defect closure device(xvi) Cardiac re-synchronize therapy(xvii) Urethra spinicture devices(xviii) Sling male or female(xix) Prostate occlusion device and (xx) Urethral stents

9018 to 9022

Table-A

Total Turnover Rs 50 Cr.Or more AND aggregate Turnover from individual product or service is Rs.25

cr. Or more.

Table-B

Total Turnover Rs 100 Cr.Or more AND aggregate Turnover from individual

product or service is Rs.35 cr. Or more

• Item in Table B Sl.No. 12 and Sl.No.24 to 32.

From F.Y 2015-16 and

onwards

• Table –A

• Table –B (Excluding Sl.No. 12 and Sl.No.24 to 32)

From F.Y 2014-15 and

onwards

Companies which is operating from SEZ.

Companies whose Revenue form exports,

in foreign exchange, Exceeds 75% of its

Total Revenue.