Cost records and cost audit are two separate obligations with two different thresholds — and the export exemption relieves you of one, not the other. A practical guide to Section 148 applicability: the Rule 3 and Rule 4 tests, who is genuinely exempt, the CRA forms, the September deadlines, and what non-compliance actually costs.

The CRA-3 Annexure is signed by the Company Secretary and one Director, not the way the financial statements are signed. Here is who signs what, and why.