COST AUDIT REPORT RULES 2006

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COST AUDIT REPORT RULES 2006

• M.GOPALAKRISHNAN
• CCM-ICWAI

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COST AUDIT REPORT RULES 2006

• COST AUDIT REPORT (AMENDMENT) RULES 2006
• G.S.R.148 (E) dated 08.03.2006
• Applicable to Reports submitted after 08.03.2006
• E-form to be digitally signed.
• Existing Main Cost Audit Report
• Software Reqd - Adobe V7.0.5 (Free Download)

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FORM 23 C

• Form 23 C to be e-filed.
• Item 1 Put CIN and press prefill
• GLN for the present IN is not being accepted.
  (probably a Bug to be solved)
• Paid Up Capital Fill the numbers without commas.
• Point No 5 For Eg52/624/cab-89 put 624 only
• Point no 6 a) PAN No of cost auditor(s)
• Point no 6 b) In name do not use instead use
  and

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FORM 23 C (Contd)

• Point no 6 e) Membership no of all partners
  with a / separator.
• Attachments can be only pdf files
• Copy of Govt.order (original or latest apporval
  letter)
• Copy of Board Resolution
• Copy of certificate from the cost auditor
• To be digitally signed by authorised person
• If not possible to e-file physically file with
  facilitation center.

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FORM 23 C (Contd)

• For the present the Company Law Board Cost
  accounts branch has asked the Form to be filled
  up manually and the Demand draft to be taken in
  the name of the Pay and Accounts officer,
  Ministry of Company affairs.

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Cost Audit Report Rules 2006

• I. General information of the company
• 1 (a). Corporate identity number (CIN) or
  foreign company 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

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Cost Audit Report Rules 2006

• 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
• Financial year From----- (DD/MM/YYY) To----
  (DD/MM/YYY)

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Cost Audit Report Rules 2006

• 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
• (c) Membership number of cost auditor

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Cost Audit Report Rules 2006

• 6. Cost audit order number ------- dated
  ----(DD/MM/YYY)
• 7. Service request number (SRN) of relevant Form
  23C seeking approval of appointment of the cost
  auditor. ------- dated ----(DD/MM/YYY)
• 8. Whether the cost audit report has been
  qualified or contains adverse remarks
• Yes No

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Cost Audit Report Rules 2006

• 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)
• III. Export commitments (amount in Rs.
  thousands)-As per cost auditor's
  certificate-para3(g)
• A. Export commitments B. Actual export towards
  export commitments

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Cost Audit Report Rules 2006

• IV.   Standard and actual consumption per unit
  (for the product or activity under reference)
• V.  Key information from Cost Audit Report (for
  the product or activity under reference)
• VI. Margin per unit of output (for the product
  or activity under reference)-Annexure 21

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Cost Audit Report Rules 2006

• ATTACHMENTS (Only in PDF format)
• Cost audit report as per the Cost Audit (Report)
  Rules, 2001
• To be digitally signed by Company and cost auditor

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THANK YOU