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Royalty and technical know-how fee

CAS - 20 - Rule - Companies Law - CAS - 20 - CAS - 20 Cost Accounting Standard on The following is the Cost Accounting Standard- (CAS-20) 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 1.1 This standard deals with the principles and methods of determining the amount of . 1.2 This standard deals with the principles and methods of cl .....

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including those requiring attestation. 4. Definitions The following terms are being used in this standard with the meaning specified. 4.1 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.1 4.2 Royalty is a compensation/ periodic payments for the use of asset (tangible and/or intangible) to the owner for use of his asset in the production, selling and .....

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overnment under the Companies (Accounting Standards) Rules,2006. 4.3 Finance Costs: Costs incurred by an enterprise in connection with the borrowing of funds. This will include interest and commitment charges on bank borrowings, other short term and long term borrowings, amortisation of discounts or premium related to borrowings, amortisation of ancillary cost incurred in connection with the arrangements of borrowings, finance charges in respect of finance leases, other similar arrangements and .....

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ctical knowledge , skills or experience. 5. Principles of Measurement: 5.1 paid or incurred in lump-sum or which are in the nature of 'one - time' payment, shall be amortised on the basis of the estimated output or benefit to be derived from the related asset. Examples: Amortisation of the amount of Royalty or Technical Know-how fee paid for which the benefit is ensued in the current or future periods shall be determined based on the production / service volumes estimated for the period .....

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e deducted to arrive at the net amount of . 5.6 Any change in the cost accounting principles applied for the measurement of the amount of 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 that is directly traceable to a cost object shall be assigned to that cost object. In case such fee is n .....

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