Maintenance of Cost Accounting Records:

For the purposes of sub-section (1) of Section 148 of the Act, the class of Companies, including foreign companies defined in clause (42) of Section 2 of the Act, engaged in the production of the goods or providing services, specified in the Table below, having an overall turnover from all its products and services of rupees thirty five crore or more during the immediately preceding financial year, shall include cost records for such products or services in their books of account.