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ICAI - icmai.in

Companies (Cost Records and Audit) Rules, 2014(as amended upto 15th July 2016)ICAITHE INSTITUTE OF COST ACCOUNTANTS OF INDIA(Statutory body under an Act of Parliament)The Institute of Cost Accountants of India Page 1 Companies (Cost Records and Audit) Rules, 2014 (as amended upto 15th July 2016)COMPANIES (COST RECORDS AND AUDIT) RULES, 2014 [as amended upto 15th July 2016]The Companies Act, 2013 empowers the central Government to make the rules in the area of maintenance of cost records by the companies engaged in the specified industries, manufacturing / providing such goods / services; and for getting such cost records audited, vide Section 148.

(a) “Act” means the Companies Act, 2013 (18 of 2013); (aa) “Central Excise Tariff Act Heading” means the heading as referred to in the Additional Notes in the First Schedule to the Central Excise Tariff Act, 1985 [5 of 1986]; (b) “Cost Accountant in practice” means a cost accountant as defined in clause (b) of sub-

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  Central, Tariffs, Excise, 8519, The central excise tariff act, Central excise tariff act

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