Companies (Cost Records and Audit) Rules, 2014 – Simplified

Turbo jets and turbo propellers;

Arms and ammunitions;

Propellant powders; prepared explosives, (other than propellant powders); safety fuses; detonating fuses; percussion or detonating caps; igniters; electric detonators;

Radar apparatus, radio navigational aid apparatus and radio remote control apparatus;

Tanks and other armoured fighting vehicles, motorised, whether or not fitted with weapons and parts of such vehicles, that are funded (investment made in   the company) to the extent of ninety per cent or more by the Government or Government Agencies;

A company, producing any one specific product or service

Net Worth of the company > Rs. 150 crore

OR

Turnover > Rs. 25 crore

Companies engaged in an industry regulated by a sectoral regulator

The requirements of sectoral regulator regarding cost records shall be taken into account.

Aeronautical services of air traffic management, aircraft operations, ground safety services, ground handling, cargo facilities and supplying fuel rendered by airports and regulated by the Airports Economic Regulatory Authority under the Airports Economic Regulatory Authority of India Act, 2008 (27 of 2008);

Telecommunication services made available to users by means of any transmission or reception of signs, signals, writing, images and sounds or   intelligence of any nature (other than broadcasting services) and regulated by the Telecom Regulatory Authority of India under the Telecom Regulatory Authority of India Act, 1997 (24 of 1997);

Generation, transmission, distribution and supply of electricity regulated by the relevant regulatory body or authority under the Electricity Act, 2003 (36 of 2003), other than for captive generation (as defined under the Electricity Rules 2005);

Steel;

Roads and other infrastructure projects;

Drugs and Pharmaceuticals;

Fertilisers;

Sugar and industrial alcohol;

Petroleum products regulated by the Petroleum and Natural Gas Regulatory Board under the Petroleum and Natural Gas Regulatory Board Act, 2006(19 of 2006);

Rubber and allied products being regulated by the Rubber Board.

A company, producing any one specific product or service

Net Worth of the company > Rs. 150 crore

OR

Turnover > Rs. 25 crore

Railway or tramway locomotives, rolling stock, railway or tramway fixtures and fittings, mechanical (including electro mechanical) traffic signalling equipment’s of all kind;

Mineral products including cement;

Ores;

Mineral fuels (other than Petroleum), mineral oils etc.;

Base metals;

Inorganic chemicals, organic or inorganic compounds of precious metals, rare-earth metals of radioactive elements or isotopes, and Organic Chemicals;

Jute and Jute Products;

Edible Oil under Administrative Price Mechanism;

Construction Industry;

Companies engaged in health services viz. functioning as or running hospitals, diagnostic centres, clinical centres or test laboratories;

Companies engaged in education services, other than such similar services falling under philanthropy or as part of social spend which do not form part of any business.

Individual turnover > Rs. 10 crore

OR

1/3^rd of Turnover

A company, producing any one specific product or service

Net Worth of the company > Rs. 150 crore

OR

Turnover > Rs. 25 crore

Intra Ocular Lenses;

Bone Cements;

Heart Valves;

Orthopaedic Implants;

Internal Prosthetic Replacements;

Scalp Vein Set;

Deep Brain Stimulator;

Ventricular peripheral Shud;

Spinal Implants;

Automatic Impalpable Cardiac Deflobillator;

Pacemaker (temporary and permanent);

Patent ductus arteriosus, atrial septal defect and ventricular septal defect closure device;

Cardiac Re-synchronize Therapy ;

Urethra Spinicture Devices;

Sling male or female;

Prostate occlusion device; and

Urethral Stents.