Cost Audit Report (Amendment) Rules, 2006 - Amendment in rule 4; substitution of heading of existing Form; insertion of Form I - GSR 148(E). - Companies Law

MINISTRY OF COMPANY AFFAIRS NOTIFICATION New Delhi, the 8 th March, 2006 Subject:- Cost Audit Report (Amendment) Rules, 2006 - Amendment in rule 4; substitution of heading of existing Form; insertion of Form I GSR 148(E).- In exercise of the powers conferred by sub-section (4) of section 233B, read with sub-section (1) of section 227 and clause ( b ) of sub-section (1) of section 642 and section 610A of the Companies Act, 1956 (1 of 1956), the Central Government hereby makes the following rules further to amend the Cost Audit Report Rules, 2001, namely: 1. (1) These rules may be called the Cost Audit Report (Amendment) Rules, 2006. (2) They shall come into force on the date of their publication, in the Official Gazette. 2. In the Cost Audit Report Rules, 2001, ( i ) after sub-rule (2) of rule 4, the following sub-rules shall be inserted, namely: 3. The Forms prescribed in these rules may be filed through electronic media or through any other computer readable media as referred under section 610A of the Companies Act, 1956 (1 of 1956). 4. The electronic-form shall be authenticated by the authorized signatories using digital signatures as defined under the Information Technology Act, 2000 (21 of 2000). 5. The Forms prescribed in these rules, when filed in physical form, may be authenticated by authorised signatory by affixing his signature manually. ( ii ) in the Form for the heading Form of the Cost Audit Report , Form II - The Cost Audit Report shall be substituted; ( iii ) before the existing form, the following form shall be inserted, namely: Form I Form for filing Cost Audit Report and other documents with the Central Government [ Pursuant to section 233B(4), 600(3)(b) of the Companies Act, 1956 and rule 2(c) and rule 4 of the Cost Audit (Report) Rules, 2001 ] Note - All fields marked in *are to be mandatorily filled. I. General information of the company 1. ( a ) *Corporate identity number (CIN) or foreign company Pre-fill registration number of the company ( b ) Global location number (GLN) of company 2. ( a ) Name of the company ( b ) Address of the registered office or of the principal place of business in India of the company 3. Cost Audit Report (CAR) pertains to : ( a ) *Name of the industry ( b ) *Product or activities ( c ) Central excise tariff chapter heading ( d ) *Name and location of the unit ( e ) *State where unit is located ( f ) *Financial year From (DD/MM/YYYY) To (DD/MM/YYYY) 4. *Location of other sites manufacturing or producing or processing or mining the product or carrying out the activity under reference (refer CAR annexure 1.5) 5. ( a ) *Income-tax permanent account number of cost auditor ( b ) *Name of the cost auditor or firm ( c ) *Membership number of cost auditor 6. *Cost audit order number dated (DD/MM/YYYY) 7. *Service Request Number (SRN) of relevant Form 23C seeking approval of appointment of the cost auditor dated (DD/MM/YYYY) 8. *Whether the cost audit report has been qualified or contains adverse remarks Yes No 9. *Whether there is any transaction with the related parties during the period to which the cost audit report pertains Yes No II. *Quantitative information (for the product or activity under reference) Unit of Measurement (UoM) S. No. Particulars CAR Annexure reference Current year Previous year 1. Total available capacity 4.3 2. Total production quantity 4.5 3. Capacity utilisation percentage 4.7 4. Total available quantity 4.9 5. Quantity captively consumed 4.10 6. Quantity sold (domestic) 4.11 (a+b) 7. Quantity sold (exports) 4.11 (c+d+e) 8. Closing stock (finished goods) 4.12 III. Export commitments (amount in Rs. thousands) - [As per cost auditor s certificate - para 3( g )] A. Export commitments B. Actual exports towards export commitment IV. *Standard and actual consumption per unit (for the product or activity under reference) S. No. Particulars Unit (specify) Standard (Quantity/unit) Actuals (Quantity/unit) Current year Previous year Consumption of input materials per unit [Annexure 5(B)] - Specify details of major input materials, components 1. 2. 3. 4. 5. Consumption of power, fuel and utilities per unit [Annexure 7(B)] 1. 2. 3. 4. 5. V. *Key information from Cost Audit Report (for the product or activity under reference) S. No. Particulars CAR annexure reference Unit (specify) Current year Previous year 1. Total employee costs 8B.6 Rs. in thousands 2. Total repairs and maintenance 9.5 Rs. in thousands 3. Depreciation absorbed 10.5 Rs. in thousands 4. Total overheads 12(1 to 4) Rs. in thousands 5. Total research and development expenses 13.5 Rs. in thousands 6. Total royalty and technical know how charges 14.5 Rs. in thousands 7. Total quality control expenses 15.6 Rs. in thousands 8. Total pollution control expenses 16.6 Rs. in thousands 9. Total abnormal non-recurring costs 17 Rs. in thousands 10. Total closing stock 18(1) e2 Rs. in thousands 11. Total value of non-moving stock 18(A) e3 Rs. in thousands 12. Non-moving stock to closing stock 18(A) e4 Percentage 13. Total written off stock 18(B)5 Rs. in thousands 14. Total value of inventory as per cost accounts 19(A)10 Rs. in thousands 15. Total value of inventory as per financial accounts 19(A)11 Rs. in thousands 16. Estimated demand of the product in the country 22.2 17. Total production in the country 22.3 18. Quantities imported in the country 22.4 19. Percentage share of the company in total inland production 22.6 Percentage 20. Net sales (excluding excise duty) 23.3 Rs. in thousands 21. Adjustments in stocks 23.4 Rs. in thousands 22. Cost of bought out materials and services 23.5 Rs. in thousands 23. Value added 23.6 Rs. in thousands 24. Capital employed (for the product) 24.1 Rs. in thousands 25. Net worth (for the product) 24.2 Rs in thousands 26. Profit or Loss for the product 24.3 Rs. in thousands 27. Operating expenses as a percentage of net sales (for the product) ( a ) Material cost 24.5a Percentage ( b ) Factory overheads 24.5b Percentage ( c ) Royalty on production 24.5c Percentage ( d ) Salaries and wages 24.5d Percentage ( e ) Research and development expenses 24.5e Percentage ( f ) Quality control 24.5f Percentage ( g ) Administrative overheads 24.5g Percentage ( h ) Selling and distribution 24.5h Percentage ( i ) Interest 24.5i Percentage 28. Profit or Loss as a percentage of capital employed 24.6 Percentage 29. Profit or Loss as a percentage of net worth 24.7 Percentage 30. Profit or Loss as a percentage of net sales 24.8 Percentage 31. Value addition as a percentage of net sale 24.10 Percentage 32. Excise Duty (ED) payable 27.D.1 Rs. in thousands 33. ED paid through Cenvat- inputs 27.D.2.a Rs. in thousands 34. ED paid through Cenvat - capital goods 27.D.2.b Rs. in thousands 35. Personal Ledger Account (PLA) 27.D.2.c Rs. in thousands 36. Total 27.D.2 Rs. in thousands VI. *Margin per unit of output (for the product or activity under reference) - Annexure 21 Current Year Previous Year Particulars Cost of sales Sales realisation Margin Cost of sales Sales realisation Margin (Rs./unit) (Rs./unit) (Rs./unit) (Rs./unit) (Rs./unit) (Rs./unit) Based goods Yes No If yes, specify details of major products License basis Yes No If yes, specify details of major product Manufactured Yes No If yes, specify details of major product Attachments List of attachments 1. *Cost audit report as per the Cost Audit (Report) Rules, 2001 Attach 2. Optional attachment(s) - if any Attach Remove attachment Declaration To the best of our knowledge and belief, the information given in the form and its attachments is correct and complete. We have been authorised by the board of directors resolution dated (DD/MM/YYYY) to sign and submit this form. To be digitally signed by Managing director or director or manager or secretary (In case of an Indian company) or an authorised representative (in case of a foreign company) Director of the company Cost auditor Modify Check Form Prescrutiny Submit For office use only: This e-Form is hereby approved Digital signature of the authorising officer Submit to BO [F. No. 1/6/2005-CL-V] JITESH KHOSLA, Jt. Secy. Note:- The Principal rules were published in the Gazette of India vide GSR No. 924(E) dated 27-12-2001.