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POLLUTION CONTROL COST

CAS - 14 - Companies Law - CAS - 14 - CAS - 14 COST ACCOUNTING STANDARD ON The following is the Cost Accounting Standard - 14 (CAS - 14) issued by the Council of The Institute of Cost Accountants of India on "". In this Standard, the standard portions have been set in bold italic type. This standard should be read in the context of the background material, which has been set in normal type. 1. Introduction This standard deals with principles and methods of determining the s. This stand .....

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sure of s including those requiring attestation. 4. Definitions The following terms are being used in this standard with the meaning specified. 4.1 Air pollutant: Air Pollutant means any solid, liquid or gaseous substance (including noise) present in the atmosphere in such concentration as may be or tend to be injurious to human beings or other living creatures or plants or property or environment1. 4.2 Air Pollution: Air pollution means the presence in the atmosphere of any air pollutant.2 4.3 .....

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s among and between water, air and land, and human beings, other living creatures, plants, micro-organism and property.5 4.6 Environmental Pollutant: Environmental Pollutant means any solid, liquid or gaseous substance present in such concentration as may be, or tend to be, injurious to environment.6 4.7 Environment Pollution: Environmental pollution means the presence in the environment of any environmental pollutant.7 4.8 Finance Costs: Costs incurred by an enterprise in connection with the bo .....

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rms Finance costs and Borrowing costs are used interchangeably. 4.9 Imputed Costs: Hypothetical or notional costs, not involving cash outlay, computed for any purpose.9 4.10 Normal capacity: Normal Capacity is the production achieved or achievable on an average over a number of periods or seasons under normal circumstances taking into account the loss of capacity resulting from planned maintenance10. 4.11 Pollution Control: Pollution Control means the control of emissions and effluents into envi .....

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ngeably. Production overheads shall include administration cost relating to production, factory, works or manufacturing. 4.13 Soil Pollutant: Soil Pollutant is a substance such as cadmium, copper, arsenic, mercury, oil and organic solvent, which is the source of soil contamination. 4.14 Soil Pollution: Soil pollution means the presence of any soil pollutant(s) in the soil which is harmful to the living beings when it crosses its threshold concentration level. 4.15 Standard Cost: A predetermined .....

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ysical, chemical or biological properties of water or such discharge of any sewage or trade effluent or of any other liquid, gaseous or solid substance into water (whether directly or indirectly) as may, or is likely to, create a nuisance or render such water harmful or injurious to public health or safety, or to domestic, commercial, industrial, agricultural or other legitimate uses, or to the life and health of animals or plants or of aquatic organisms.12 5. Principles of Measurement: 5.1 s sh .....

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expenses. 5.2 Costs of Pollution Control which are internal to the entity should be accounted for when incurred. They should be measured at the historical cost of resources consumed. 5.3 Future remediation or disposal costs which are expected to be incurred with reasonable certainty as part of Onerous Contract or Constructive Obligation, legally enforceable shall be estimated and accounted based on the quantum of pollution generated in each period and the associated cost of remediation or dispo .....

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l costs are difficult to estimate with reasonable accuracy and are excluded from general purpose cost statements. Social costs of pollution are measured by economic models of cost measurement. The cost by way of compensation by the polluting entity either under future legislation or under social pressure cannot be quantified by traditional models of cost measurement. They are best kept out of general purpose cost statements. 5.5 Cost of in-house Pollution Control activity shall include cost of m .....

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invoice or agreed price including duties and taxes, and other expenditure directly attributable thereto net of discounts (other than cash discount), taxes and duties refundable or to be credited. This cost shall also include the cost of other resources provided to the contractors. 5.8 Cost of Pollution Control jobs carried out by outside contractors shall include charges made by the contractor and cost of own materials, consumable stores, spares, manpower, equipment usage, utilities and other co .....

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as part of . Usage variances attributable to abnormal reasons shall be excluded from . 5.13 Subsidy/Grant/Incentive or amount of similar nature received/receivable with respect to Pollution Control activity, if any, shall be reduced for ascertainment of the cost of the cost object to which such amounts are related. 5.14 Any resulting from abnormal circumstances, if material and quantifiable, shall not form part of the . 5.15 Fines, penalties, damages and similar levies paid to statutory authorit .....

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uded in s. 5.18 Any change in the cost accounting principles applied for the measurement of the should be made only if, it is required by law or for compliance with the requirements of a cost accounting standard, or a change would result in a more appropriate preparation or presentation of cost statements of an organisation. 6. Assignment of costs 6.1 s shall be traced to a cost object to the extent economically feasible. Direct costs of pollution control such as treatment and disposal of waste .....

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use is the process or operation or activity and effect is the incurrence of cost. (ii) Benefits received - overheads are to be apportioned to the various cost objects in proportion to the benefits received by them. Typical of such costs are costs such as administration costs relating to pollution control activities, costs of certification such as ISO 14000 and registration fees payable to pollution control authorities 6.3 If the (including the share of the cost of reciprocal exchange of services .....

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ls of , if material, shall be presented separately. 8. Disclosures 8.1 The cost statements shall disclose the following: 1. The basis of distribution of to the cost objects/ cost units. 2. Where standard cost is applied in , the price and usage variances. 3. of Jobs done in-house and outsourced separately. 4. paid/ payable to related parties13. 5. incurred in foreign exchange. 6. Any Subsidy/Grant/Incentive or any amount of similar nature received/receivable reduced from . 7. Any credits/recover .....

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