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Interest and financing charges

CAS - 17 - Rules - Cost Accounting Standards - CAS - 17 - CAS - 17 Cost Accounting Standard on The following is the Cost Accounting Standard (CAS 17) on "". In this Standard, the standard portions have been set in bold italic type. These are to be read in the context of the background material which has been set in normal type. 1. Introduction This standard deals with the principles and methods of classification, measurement and assignment of . 2. Objective The objective of this standa .....

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Asset: The terms Asset, Fixed Asset, Tangible Fixed Asset, Intangible Fixed Asset, Qualifying asset, current asset will have the same meaning as in the Accounting Standards notified by the Central Government under the Companies (Accounting Standards) Rules, 2006. 4.2 Cost Object: This includes a product, service, cost centre, activity, sub-activity, project, contract, customer or distribution channel or any other unit in relation to which costs are ascertained. 4.3 Imputed Costs: Hypothetical or .....

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. Financing Charges in respect of finance leases and other similar arrangements: and 5. exchange differences arising from foreign currency borrowings to the extent they are regarded as an adjustment to the interest costs 1: 6. Cash discount allowed to customers. The terms , finance costs, and borrowing costs are used interchangeably. 4.5 Net current asset: Net current asset is the excess of current assets over current liabilities Current Liabilities shall include short-term borrowings and that p .....

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r production of goods/operations or services rendered which cannot be classified as qualifying assets. 5.2 directly attributable to the acquisition /construction/ production of a qualifying asset shall be included in the cost of the asset. 5.3 shall not include imputed costs. 5.4 Subsidy/Grant/Incentive or amount of similar nature received/receivable with respect to if any, shall be reduced to ascertain the net . 5.5 Penal Interest for delayed payment, Fines, penalties, damages and similar levie .....

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