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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 1^st 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.

(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.)
Name of Product(s) /Service(s)	UOM	CETA heading (wherever applicable)	Whether Covered under Cost Audit Yes / No	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
Description of Material	Category	UOM	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
Description of Material	UOM	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.)

Materials Consumed (specify details as per Para 2A)

Utilities (specify details as per Para 2B)

Direct Employees Cost

Direct Expenses

Consumable Stores and Spares

Repairs and Maintenance

Quality Control Expenses

Research and Development Expenses

Technical know-how Fee / Royalty

Depreciation/Amortization

Other Overheads

Industry Specific Operating Expenses (specify details as per Para 2C)

Total (1 to 12)

Less: Credits for Recoveries, if any

Cost of Services provided (13 - 14)

Cost of Outsourced/Contractual Services

Total Services available

Less: Self/Captive Consumption

Other Adjustments (if any)

Cost of Services Sold (17 – 18 + 19)

Administrative Overheads

Selling and Distribution Overheads

Cost of Sales before Interest (20+21+22)

Interest and Financing Charges

Cost of Sales (23 + 24)

Net Sales Realization (Net of Taxes and Duties)

Margin [Profit/(Loss) as per Cost Accounts] (26 - 25)

NOTES:

Separate cost statement shall be prepared for each service

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.

The Proforma may be suitably modified to meet the requirement of the industry/service.

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

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
Sno .	Particulars	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 30^th June, 2014.