10.2.7-Companies (Cost Records and Audit) Rules,2014
Rules not to apply in certain cases.– The requirement for cost audit under these rules shall not be applicable to a company which is covered under 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.
Omitted vide Companies (Cost Records and Audit) Amendment Rules,2014. To view the notification,Click Here