MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 31st December, 2014 G.S.R. 01(E). — In exercise of the powers conferred by sub-sections (1) and (2) of Section 469 and Section 148 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules to amend the Companies (Cost Records and Audit) Rules, 2014, namely:- 1. (1) These rules may be called the Companies (Cost Records and Audit) Amendment Rules, 2014. (2) They shall come into force from the date of their publication in the Official Gazette. 2. In the Companies (Cost Records and Audit) Rules 2014, - (i) in rule 2, after clause (a), the following clause shall be inserted, namely:- “(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] (ii) for rule 3, the following rule shall be substituted, namely:- “3. Application of Cost 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, namely:- TABLE (A) Regulated Sectors
Sl. No. | Industry/ Sector/ Product/ Service | CETA Heading (wherever applicable) |
1. | 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); | Not applicable. |
2. | 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 (referred to in the Electricity Rules, 2005); | --------- |
3. | Petroleum products regulated by the Petroleum and Natural Gas Regulatory Board under the Petroleum and Natural Gas Regulatory Board Act, 2006 (19 of 2006); | 2709 to 2715; |
4. | Drugs and pharmaceuticals; | 2901 to 2942; 3001 to 3006. |
5. | Fertilisers; | 3102 to 3105. |
6. | Sugar and industrial alcohol; | 1701; 1703; 2207. |
(B) Non-regulated Sectors
S.N. | Industry/ Sector/ Product/ Service | CETA Heading (wherever applicable) |
1. | Machinery and mechanical appliances used in defence, space and atomic energy sectors excluding any ancillary item or items; Explanation. For the purposes of this sub-clause, any company which is engaged in any item or items supplied exclusively for use under this clause, shall be deemed to be covered under these rules. | 8401 to 8402; 8801 to 8805; 8901 to 8908. |
2. | Turbo jets and turbo propellers; | 8411 |
3. | Arms and ammunitions; - | 3601 to 3603; 9301 to 9306. |
4. | Propellant powders; prepared explosives (other than propellant powders); safety fuses; detonating fuses; percussion or detonating caps; igniters; electric detonators; | 3601 to 3603 |
5. | Radar apparatus, radio navigational aid apparatus and radio remote control apparatus; | 8526 |
6. | 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; | 8710 |
7. | Port services of stevedoring, pilotage, hauling, mooring, re-mooring, hooking, measuring, loading and unloading services rendered by a Port in relation to a vessel or goods regulated by the Tariff Authority for Major Ports under section 111 of the Major Port Trusts Act, 1963(38 of 1963); | Not applicable. |
8. | 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); | Not applicable. |
9. | Steel; | 7201 to 7229; 7301 to 7326 |
10. | Roads and other infrastructure projects corresponding to para No. (1) (a) as specified in Schedule VI of the Companies Act, 2013; | Not applicable. |
11. | Rubber and allied products being regulated by the Rubber Board constituted under the Rubber Act, 1947 (XXIV of 1947). | 4001 to 4017 |
12. | Coffee and tea; | 0901 to 0902 |
13. | Railway or tramway locomotives, rolling stock, railway or tramway fixtures and fittings, mechanical (including electro mechanical) traffic signalling equipment’s of all kind; | 8601 to 8608. |
14. | Cement; | 2523; 6811 to 6812 |
15. | Ores and Mineral products; | 2502 to 2522; 2524 to 2526; 2528 to 2530; 2601 to 2617 |
16. | Mineral fuels (other than Petroleum), mineral oils etc.; | 2701 to 2708 |
17. | Base metals; | 7401 to 7403; 7405 to 7413; 7419; 7501 to 7508; 7601 to 7614; 7801 to 7802; 7804; 7806; 7901 to 7905; 7907; 8001; 8003; 8007; 8101 to 8113. |
18. | Inorganic chemicals, organic or inorganic compounds of precious metals, rare-earth metals of radioactive elements or isotopes, and Organic Chemicals; | 2801 to 2853; 2901 to 2942; 3801 to 3807; 3402 to 3403; 3809 to 3824. |
19. | Jute and Jute Products; | 5303, 5310 |
20. | Edible Oil; | 1507 to 1518 |
21. | Construction Industry as per para No. (5) (a) as specified in Schedule VI of the Companies Act, 2013 (18 of 2013) | Not applicable. |
22. | Health services, namely functioning as or running hospitals, diagnostic centres, clinical centres or test laboratories; | Not applicable. |
23. | Education services, other than such similar services falling under philanthropy or as part of social spend which do not form part of any business. | Not applicable. |
24. | Milk powder; | 0402 |
25. | Insecticides; | 3808 |
26. | Plastics and polymers; | 3901 to 3914; 3916 to 3921; 3925 |
27. | Tyres and tubes; | 4011 to 4013 |
28. | Paper; | 4801 to 4802. |
29. | Textiles; | 5004 to 5007; 5106 to 5113; 5205 to 5212; 5303; 5310; 5401 to 5408; 5501 to 5516 |
30. | Glass; | 7003 to 7008; 7011; 7016 |
31. | Other machinery; | 8403 to 8487 |
32. | Electricals or electronic machinery; | 8501 to 8507; 8511 to 8512; 8514 to 8515; 8517; 8525 to 8536; 8538 to 8547. |
33. | Production, import and supply or trading of following medical devices, namely:- | 9018 to 9022 |
|
- Cardiac stents;
- Drug eluting stents;
- Catheters;
- 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 (xx) Urethral stents:
| |
Provided that nothing contained in serial number 33 shall apply to foreign companies having only liaison offices. Provided further that nothing contained in this rule shall apply to a company which is classified as a micro enterprise or a small enterprise including as per the turnover criteria under sub-section (9) of section 7 of the Micro, Small and Medium Enterprises Development Act, 2006 (27 of 2006). (iii) for rule 4, the following rule shall be substituted, namely:- “4. Applicability for cost audit.— (1) Every company specified in item (A) of rule 3 shall get its cost records audited in accordance with these rules if the overall annual turnover of the company from all its products and services during the immediately preceding financial year is rupees fifty crore or more and the aggregate turnover of the individual product or products or service or services for which cost records are required to be maintained under rule 3 is rupees twenty five crore or more. (2) Every company specified in item (B) of rule 3 shall get its cost records audited in accordance with these rules if the overall annual turnover of the company from all its products and services during the immediately preceding financial year is rupees one hundred crore or more and the aggregate turnover of the individual product or products or service or services for which cost records are required to be maintained under rule 3 is rupees thirty five crore or more. (3) The requirement for cost audit under these rules shall not apply to a company which is covered in 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.” (iv) in rule 5, in sub-rule (1), the following proviso shall be inserted, namely: — “Provided that in case of company covered in serial number 12 and serial numbers 24 to 32 of item (B) of rule 3, the requirement under this rule shall apply in respect of each of its financial year commencing on or after 1st day of April, 2015.” (v) in rule 6, after sub-rule (3), following sub-rule shall be inserted, namely: — “(3A) Any casual vacancy in the office of a cost auditor, whether due to resignation, death or removal, shall be filled by the Board of Directors within thirty days of occurrence of such vacancy and the company shall inform the Central Government in Form CRA-2 within thirty days of such appointment of cost auditor.” (vi) rule 7 shall be omitted; (vii) in Annexure, for Form CRA-1 and Form CRA-3, the following shall respectively, be substituted, namely:— FORM CRA-1 FORM CRA-3 Annexure to the Cost Audit Report PART - A
- General Information
1 | Corporate identity number or foreign company registration number | |
2 | Name of company | |
3 | Address of registered office or of principal place of business in India of company | |
4 | Address of corporate office of company | |
5 | Email address of company | |
6 | Date of beginning of reporting Financial Year | dd/mm/yyyy |
7 | Date of end of reporting Financial Year | dd/mm/yyyy |
8 | Date of beginning of previous financial year | dd/mm/yyyy |
9 | Date of end of previous financial year | dd/mm/yyyy |
10 | Level of rounding used in cost statements | Absolute/thousands/ lacs/crores |
11 | Reporting currency of entity | INR |
12 | Number of cost auditors for reporting period | |
13 | Date of board of directors meeting in which annexure to cost audit report was approved | |
14 | Whether cost auditors report has been qualified or has any reservations or contains adverse remarks | |
15 | Consolidated qualifications, reservations or adverse remarks of all cost auditors | |
16 | Consolidated observations or suggestions of all cost auditors | |
17 | Whether company has related party transactions for sale or purchase of goods or services | |
- General Details of Cost Auditor
1 | Whether cost auditor is lead auditor | |
2 | Category of cost auditor | |
3 | Firm's registration number | |
4 | Name of cost auditor/cost auditor’s firm | |
5 | PAN of cost auditor/cost auditor’s firm | |
6 | Address of cost auditor or cost auditor’s firm | |
7 | Email id of cost auditor or cost auditor’s firm | |
8 | Membership number of member signing report | |
9 | Name of member signing report | |
10 | Name(s) of product(s) or service(s) with CETA heading | |
11 | SRN number of Form 23C / CRA-2 | |
12 | Number of audit committee meeting attended by cost auditor during year | |
13 | Date of signing cost audit report and annexure by cost auditor | |
14 | Place of signing cost audit report and annexure by cost auditor | |
- Cost Accounting Policy.-
(1) Briefly describe the cost accounting policy adopted by the Company and its adequacy or otherwise to determine correctly the cost of production/operation, cost of sales, sales realization and margin of the product(s)/service(s) under reference separately for each product(s)/service(s). The policy shall cover, inter alia, the following areas: (a) Identification of cost centres/cost objects and cost drivers. (b) Accounting for material cost including packing materials, stores and spares, employee cost, utilities and other relevant cost components. (c) Accounting, allocation and absorption of overheads. (d) Accounting for depreciation/amortization. (e) Accounting for by-products/joint-products or services, scarps, wastage etc. (f) Basis for Inventory Valuation. (g) Methodology for valuation of Inter-Unit/Inter Company and Related Party transactions. (h) Treatment of abnormal and non-recurring costs including classification of other non-cost items. (i) Other relevant cost accounting policy adopted by the Company. (2) Briefly specify the changes, if any, made in the cost accounting policy for the product(s)/service(s) under audit during the current financial year as compared to the previous financial year. (3) Observations of the Cost Auditor regarding adequacy or otherwise of the Budgetary Control System, if any, followed by the company. 4. PRODUCT/SERVICE DETAILS (for the company as a whole)
Name of Product(s) /Service(s) | UOM | CETA heading (wherever applicable) | Whether Covered under Cost Audit Yes / No | Net Operational Revenue (net of taxes, duties etc.) |
Current Year Rs. | Previous Year Rs. |
1. | | | | | |
2. | | | | | |
3. | | | | | |
4. | | | | | |
……… | | | | | |
Total net revenue from operations | | | | | |
Other Incomes of company | | | | | |
Total revenue as per financial accounts | | | | | |
Extra ordinary income, if any | | | | | |
Total revenue including extra ordinary income, if any | | | | | |
Turnover as per Excise/Service Tax Records | | | | | |
Note: Explain the difference, if any, between Turnover as per Annual Accounts and Turnover as per Excise/Service Tax Records. |
PART-B For Manufacturing Sector
1. QUANTITATIVE INFORMATION (for each product with CETA heading separately) | |
Name of Product | | |
CETA heading | | |
Particulars | Unit | Current Year | Previous Year |
1. Available Capacity | | | |
(a) Installed Capacity | | | |
(b) Capacity enhanced during the year, if any | | | |
(c) Capacity available through leasing arrangements, if any | | | |
(d) Capacity available through loan license / third parties | | | |
(e) Total available Capacity | | | |
2. Actual Production | | | |
(a) Self manufactured | | | |
(b) Produced under leasing arrangements | | | |
(c) Produced on loan license / by third parties on job work | | | |
(d) Total Production | | | |
3. Production as per Excise Records | | | |
4. Capacity Utilization (in-house) | | | |
5. Finished Goods Purchased | | | |
(a) Domestic Purchase of Finished Goods | | | |
(b) Imports of Finished Goods | | | |
(c) Total Finished Goods Purchased | | | |
6. Stock and Other Adjustments | | | |
(a) Change in Stock of Finished Goods | | | |
(b) Self / Captive Consumption (incl. samples etc.) | | | |
(c) Other Quantitative Adjustments, if any (wastage etc.) | | | |
(d) Total Adjustments | | | |
7. Total Available Quantity for Sale [2(d) + 5(c) + 6(d)] | | | |
8. Actual Sales | | | |
(a) Domestic Sales of Product | | | |
(b) Domestic Sales of Traded Product | | | |
(c) Export Sale of Product | | | |
(d) Export Sale of Traded Product | | | |
(e) Total Quantity Sold | | | |
2. ABRIDGED COST STATEMENT (for each product with CETA heading separately) |
| Name of Product | |
| CETA heading | |
| Unit of Measure | |
| | Production | Finished Goods Purchased | Finished Stock Adjustment | Captive Consumption | Other Adjustments | Quantity Sold |
| Current Year | | | | | | |
| Previous Year | | | | | | |
S no. | Particulars | Current Year | Previous Year |
Amount (Rs.) | Rate per Unit (Rs.) | Amount (Rs.) | Rate per Unit (Rs.) |
1 | Materials Consumed (specify details as per Para 2A) | | | | |
2 | Process Materials/Chemicals | | | | |
3 | Utilities (specify details as per 2B) | | | | |
4 | Direct Employees Cost | | | | |
5 | Direct Expenses | | | | |
6 | Consumable Stores and Spares | | | | |
7 | Repairs and Maintenance | | | | |
8 | Quality Control Expenses | | | | |
9 | Research and Development Expenses | | | | |
10 | Technical know-how Fee / Royalty | | | | |
11 | Depreciation/Amortization | | | | |
12 | Other Production Overheads | | | | |
13 | Industry Specific Operating Expenses (specify details as per Para 2C) | | | | |
14 | Total (1 to 13) | | | | |
15 | Increase/Decrease in Work-in-Progress | | | | |
16 | Less: Credits for Recoveries, if any | | | | |
17 | Primary Packing Cost | | | | |
18 | Cost of Production/Operations (14 + 15 to 17) | | | | |
19 | Cost of Finished Goods Purchased | | | | |
20 | Total Cost of Production and Purchases (18 + 19) | | | | |
21 | Increase/Decrease in Stock of Finished Goods | | | | |
22 | Less: Self/Captive Consumption (incl. Samples, etc.) | | | | |
23 | Other Adjustments (if any) | | | | |
24 | Cost of Production/Operation of Product Sold (20 + 21 to 23) | | | | |
25 | Administrative Overheads | | | | |
26 | Secondary Packing Cost | | | | |
27 | Selling and Distribution Overheads | | | | |
28 | Cost of Sales before Interest (24 to 27) | | | | |
29 | Interest and Financing Charges | | | | |
30 | Cost of Sales (28 + 29) | | | | |
31 | Net Sales Realization (Net of Taxes and Duties) | | | | |
32 | Margin [Profit/(Loss) as per Cost Accounts] (31 - 30) | | | | |
| Notes: |
1. | Separate cost statement shall be prepared for each CETA heading representing the product. |
2. | In case the same product has different unit of measure, separate cost statement shall be provided for different unit of measures. |
3. | The items of cost shown in the Proforma are indicative and the same shall be reflected keeping in mind the materiality of the item of cost in the product. The Proforma may be suitably modified to meet the requirement of the industry/product. |
4. | In case the company follows a pre-determined or standard costing system, the above cost statement shall reflect figures at actuals after adjustment of variances, if any. |
2A. Details of Materials Consumed |
Name of Product | |
CETA heading | |
Description of Material | Category | UOM | Current Year | Previous Year |
Quantity | Rate per Unit (Rs.) | Amount | Quantity | Rate per Unit (Rs.) | Amount |
1. | | | | | | | | |
2. | | | | | | | | |
3. | | | | | | | | |
4. | | | | | | | | |
5. | | | | | | | | |
6. | | | | | | | | |
7. | | | | | | | | |
8. | | | | | | | | |
9. | | | | | | | | |
10. | | | | | | | | |
Category: Indigenous/ Imported/ Self Manufactured |
2B. Details of Utilities Consumed |
Name of Product | |
CETA heading | |
Description of Material | UOM | Current Year | Previous Year |
Quantity | Rate per Unit (Rs.) | Amount | Quantity | Rate per Unit (Rs.) | Amount |
1. | | | | | | | |
2. | | | | | | | |
3. | | | | | | | |
4. | | | | | | | |
5. | | | | | | | |
6. | | | | | | | |
7. | | | | | | | |
8. | | | | | | | |
9. | | | | | | | |
10. | | | | | | | |
2C. Details of Industry Specific Operating Expenses |
Name of Product | |
CETA heading | |
Description of Industry Specific Operating Expenses | Current Year | Previous Year |
Amount | Amount |
1. | | |
2. | | |
3. | | |
4. | | |
5. | | |
6. | | |
7. | | |
8. | | |
9. | | |
10. | | |
PART-C For Service Sector
1. QUANTITATIVE INFORMATION (for each service separately) | | |
Name of Service | | | |
Service Code (if applicable) | | | |
Particulars | Unit of Measurement | Current Year | Previous Year |
1. Available Capacity | | | |
(a) Installed Capacity | | | |
(b) Capacity enhanced during the year, if any | | | |
(c) Total available Capacity | | | |
2. Actual Services Provided | | | |
(a) Own Services | | | |
(b) Services under contractual arrangements | | | |
(c) Outsourced Services | | | |
(d) Total Services | | | |
3. Total Services provided as per Service Tax Records | | | |
4. Capacity Utilization (in-house) | | | |
5. Actual Sales | | | |
(a) Services rendered – Domestic | | | |
(b) Services rendered – Export | | | |
(c) Total Services Rendered | | | |
2. ABRIDGED COST STATEMENT (for each service separately) | |
Name of Service | | |
Service Code (if applicable) | | |
Unit of Measure | | |
| | Services Provided | Captive Consumption | Other Adjustments | Services rendered |
| Current Year | | | | |
| Previous Year | | | | |
Sno. | Particulars | Current Year | Previous Year |
Amount (Rs.) | Rate per Unit (Rs.) | Amount (Rs.) | Rate per Unit (Rs.) |
1 | Materials Consumed (specify details as per Para 2A) | | | | |
2 | Utilities (specify details as per Para 2B) | | | | |
3 | Direct Employees Cost | | | | |
4 | Direct Expenses | | | | |
5 | Consumable Stores and Spares | | | | |
6 | Repairs and Maintenance | | | | |
7 | Quality Control Expenses | | | | |
8 | Research and Development Expenses | | | | |
9 | Technical know-how Fee / Royalty | | | | |
10 | Depreciation/Amortization | | | | |
11 | Other Overheads | | | | |
12 | Industry Specific Operating Expenses (specify details as per Para 2C) | | | | |
13 | Total (1 to 12) | | | | |
14 | Less: Credits for Recoveries, if any | | | | |
15 | Cost of Services provided (13 - 14) | | | | |
16 | Cost of Outsourced/Contractual Services | | | | |
17 | Total Services available | | | | |
18 | Less: Self/Captive Consumption | | | | |
19 | Other Adjustments (if any) | | | | |
20 | Cost of Services Sold (17 – 18 + 19) | | | | |
21 | Administrative Overheads | | | | |
22 | Selling and Distribution Overheads | | | | |
23 | Cost of Sales before Interest (20+21+22) | | | | |
24 | Interest and Financing Charges | | | | |
25 | Cost of Sales (23 + 24) | | | | |
26 | Net Sales Realization (Net of Taxes and Duties) | | | | |
27 | Margin [Profit/(Loss) as per Cost Accounts] (26 - 25) | | | | |
| NOTES: |
1. | Separate cost statement shall be prepared for each service |
2. | The items of cost shown in the Proforma are indicative and the same shall be reflected keeping in mind the materiality of the item of cost in the service. |
3. | The Proforma may be suitably modified to meet the requirement of the industry/service. |
4. | In case the company follows a pre-determined or standard costing system, the above cost statement shall reflect figures at actuals after adjustment of variances, if any. |
2A. Details of Materials Consumed |
Name of Service | |
Service Code (if applicable) | |
Description of Material | Category | UOM | Current Year | Previous Year |
Quantity | Rate per Unit (Rs.) | Amount | Quantity | Rate per Unit (Rs.) | Amount |
1. | | | | | | | | |
2. | | | | | | | | |
3. | | | | | | | | |
4. | | | | | | | | |
5. | | | | | | | | |
6. | | | | | | | | |
7. | | | | | | | | |
8. | | | | | | | | |
9. | | | | | | | | |
10. | | | | | | | | |
Category: Indigenous/ Imported/ Self Manufactured |
2B. Details of Utilities Consumed |
Name of Service | |
Service Code (if applicable) | |
Description of Material | UOM | Current Year | Previous Year |
Quantity | Rate per Unit (Rs.) | Amount | Quantity | Rate per Unit (Rs.) | Amount |
1. | | | | | | | |
2. | | | | | | | |
3. | | | | | | | |
4. | | | | | | | |
5. | | | | | | | |
6. | | | | | | | |
7. | | | | | | | |
8. | | | | | | | |
9. | | | | | | | |
10. | | | | | | | |
2C. Details of Industry Specific Operating Expenses |
Name of Service | |
Service Code (if applicable) | |
Description of Industry Specific Operating Expenses | Current Year | Previous Year |
Amount | Amount |
1. | | |
2. | | |
3. | | |
4. | | |
5. | | |
6. | | |
7. | | |
8. | | |
9. | | |
10. | | |
PART-D 1. PRODUCT AND SERVICE PROFITABILITY STATEMENT (for audited products/services)
Sno . | Particulars | Current Year | Previous Year |
Sales | Cost of Sales | Margin | Sales | Cost of Sales | Margin |
| | Rs. | Rs. | Rs. | Rs. | Rs. | Rs. |
| Product 1 | | | | | | |
| Product 2 | | | | | | |
| Product 3 | | | | | | |
| …… etc. | | | | | | |
| Service 1 | | | | | | |
| Service 2 | | | | | | |
| Service 3 | | | | | | |
| …… etc. | | | | | | |
| Total | | | | | | |
2. PROFIT RECONCILIATION (for the company as a whole) |
S. No. | Particulars | Current Year | Previous Year |
| | Rs. | Rs. |
1 | Profit or Loss as per Cost Accounting Records | | |
| (a) For the audited product(s)/service(s) | | |
| (b) For the un-audited product(s)/service(s) | | |
2 | Add: Incomes not considered in cost accounts (specify details) | | |
| (a) | | |
| (b) | | |
| (c) | | |
| (d) | | |
| (e) | | |
| (f) | | |
| (g) | | |
| (h) | | |
| (i) | | |
| (j) | | |
3 | Less: Expenses not considered in cost accounts (specify details) | | |
| (a) | | |
| (b) | | |
| (c) | | |
| (d) | | |
| (e) | | |
| (f) | | |
| (g) | | |
| (h) | | |
| (i) | | |
| ( j) | | |
4 | Difference in Valuation of stock between financial accounts and cost accounts | | |
5. | Other adjustments, if any | | |
6 | Profit or Loss as per Financial Accounts | | |
Note: Show abnormal wastages, expenses on strikes/lock-outs and any other items of expenses or incomes of abnormal nature etc. not considered in cost separately |
- VALUE ADDITION AND DISTRIBUTION OF EARNINGS (for the company as a whole)
S. No. | Particulars | Current Year | Previous Year |
| | Rs. | Rs. |
| Value Addition: | | |
1 | Gross Sales (excluding sales returns) | | |
2 | Less: Excise duty, etc. | | |
3 | Net Sales | | |
4 | Add: Export Incentives | | |
5 | Add/Less: Adjustment in Finished Stocks | | |
6 | Less: Cost of bought out inputs | | |
| (a) Cost of Materials Consumed | | |
| (b) Process Materials / Chemicals | | |
| (c) Consumption of Stores and Spares | | |
| (d) Utilities (e.g. power and fuel) | | |
| (e) Others, if any | | |
| Total Cost of bought out inputs | | |
7 | Value Added | | |
8 | Add: Income from any other sources | | |
9 | Add: Extra Ordinary Income | | |
10 | Earnings available for distribution | | |
| Distribution of Earnings to: | | |
1 | Employees as salaries and wages, retirement benefits, etc. | | |
2 | Shareholders as dividend | | |
3 | Company as retained funds | | |
4 | Government as taxes (specify) | | |
5 | Extra Ordinary Expenses | | |
6 | Others, if any (specify) | | |
7 | Total distribution of earnings | | |
- FINANCIAL POSITION AND RATIO ANALYSIS (for the company as a
whole)
S. No. | Particulars | Units | Current Year | Previous Year |
A. 1 | Financial Position Share Capital |
2 | Reserves and Surplus | | | |
3 | Long Term Borrowings | | | |
4 |
- Gross Assets
- Net Assets
| | | |
5 |
- Current Assets
- Less: Current Liabilities
- Net Current Assets
| | | |
6 | Capital Employed | | | |
7 | Net Worth | | | |
B. 1 | Financial Performance Value Added |
2 | Net Revenue from Operations of Company | | | |
3 | Profit before Tax (PBT) | | | |
C. 1 | Profitability Ratios PBT to Capital Employed (B3/A6) % |
2 | PBT to Net Worth (B3/A7) | % | | |
3 | PBT to Value Added (B3/B4) | % | | |
4 | PBT to Net revenue from Operations (B3/B2) | % | | |
D. 1 | Other Financial Ratios Debt-Equity Ratio |
2 | Current Assets to Current Liabilities | | | |
3 | Valued Added to Net Revenue from Operations | % | | |
E. 1 | Working Capital Ratios Raw Materials Stock to Consumption Months |
2 | Stores and Spares to Consumption | Months | | |
3 | Finished Goods Stock to Cost of Sales | Months | | |
Note.- 1 Capital Employed means average of net fixed assets (excluding effect of revaluation of fixed assets) plus Non-current investments and net current assets existing at the beginning and close of the financial year. Note.-2 Net Worth is as defined under clause (57) of section 2 of the Companies Act, 2013. |
- RELATED PARTY TRANSACTIONS (for the company as a whole)
S. No. | Name and Address of the Related Party | Name of the Product / Service | Nature of Transaction (Sale, Purchase etc.) | Quantity | Transfer Price | Amount | Normal Price | Basis adopted to determine the Normal Price |
1 | | | | | | | | |
2 | | | | | | | | |
3 | | | | | | | | |
4 | | | | | | | | |
5 | | | | | | | | |
6 | | | | | | | | |
7 | | | | | | | | |
8 | | | | | | | | |
9 | | | | | | | | |
10 | | | | | | | | |
NOTE.1 Details shall be furnished for each Related Party and Product /Service separately. NOTE.2 Details of Related Party transactions without indicating the Normal Price and the basis thereof shall be considered as incomplete information.
- Reconciliation of Indirect Taxes (for the Company as a whole)
| Particulars | Assessable Value | Excise Duty | Service Tax | Cess and Others | VAT |
| | Rs. | Rs. | Rs. | Rs. | Rs. |
| Duties/Taxes Payable | | | | | |
| Excise Duty | | | | | |
1 | Domestic | | | | | |
2 | Export | | | | | |
3 | Stock Transfers (Net) | | | | | |
4 | Duty Free Clearance, Others etc. | | | | | |
5 | Total Excise Duty (1 to 4) | | | | | |
6 | Service Tax | | | | | |
7 | VAT, CST etc. | | | | | |
8 | Other State Taxes, if any | | | | | |
9 | Total Duties / Taxes Payable (5 to 8) | | | | | |
| Duties/Taxes Paid | | | | | |
10 | Cenvat/VAT Credit Utilised - Inputs | | | | | |
11 | Cenvat/VAT Credit Utilised - Capital Goods | | | | | |
12 | Cenvat/VAT Credit Utilised - Input Services | | | | | |
13 | Cenvat/VAT Credit Utilised - Others | | | | | |
14 | Total (10 to 13) | | | | | |
15 | Paid through PLA/Cash | | | | | |
16 | Total Duties/Taxes Paid (14 + 15) | | | | | |
17 | Duties/Taxes Recovered | | | | | |
18 | Difference between Duties/Taxes Paid and Recovered | | | | | |
19 | Interest/Penalty/Fines Paid | | | | | |
Note: Provide separate amounts in notes in respect of Item 4 above. |
Note (1) Wherever, there is any significant variation in the current year's figure over the previous year's figure for any item shown under each para of the Annexure to the Cost Audit Report, reasons thereof shall be given by the Cost Auditor. Note (2) Wherever, duration of the current year or the previous year is not 12 (twelve) months, same shall be clearly indicated in the Report. [F. No. 1/40/2013-CL-V] AMARDEEP SINGH BHATIA, Jt. Secy. Note.- The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 425(E), dated the 30th June, 2014.
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