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Union of India - Section

Section 24 in The Cost Accounting Records (Mining and Metallurgy) Rules, 2001

24. Human Resources Development:

Expenditure incurred by the company on the human resources development activity shall be recorded separately.Proforma 'A'Name of the companyName and address of the factory :Statement showing the cost of Utilities like Power, Steam, Water, etc., produced and consumed during the year/period :A. Quantitative Information:
Serial number Particulars Current Year (unit) Previous Year (unit)
1. Installed capacity    
2. Quantity produced    
3. Capacity utilisation    
4. Quantity recirculated    
5. Quantity purchased    
6. Self consumption including other losses    
7. Net units consumed    
B. Cost Information
Serial number Particulars Quantity Rate Rupees per unit Amount (Rupees) Cost Per unit (Rupees)
          Current Year Previous year
Al. Materials (specify)(a)(b)(c)          
2. Utilities (specify)(a)(b)(c)         .
3. Consumable stores and spares          
4. Salaries and wages          
5. Repairs and maintenance          
6. Other overheads          
7. Depreciation          
9. Less: Credit(if any)          
10. Net Total          
B. Apportioned to variousdepartments/cost centres:1.2.3.4...n.          
Note 1. - Separate cost sheet is to be prepared for each utility as well as effluent treatment.Note 2. - If any of the utility, which is manufactured by the company, is sold, proper credit should be given in the cost of generation of that utility.Proforma 'B'Name of the companyName and address of the factory :Statement showing the cost of Mineral raised and transported to Ore producing plant during the year/period :A. Quantitative Information:
    In MTs
Serial number Particulars Current Year Previous Year
1. Quantity raised    
2. Quantity rejected, if any    
3. Net Quantity raised    
4. Quantity transported to Ore producing plant    
5. Quantity of overburden removed    
B. Cost Information:
Serial number Particulars Amount Per MT
(Rupees) Current Year(Rupees) Previous Year(Rupees)
1. Direct wages and salaries      
2. Utilities(a) Power(b) Others(specify)      
  Total      
3. Consumable stores and spares      
4. Depreciation      
5. Repairs and maintenance      
6. Royalty      
7. Other works overhead      
8. Administrative Overhead(a) Salaries and wages(b) Others (specify)(c) Total (a+b)      
9. Total cost of raising      
10. Freight and Transport charges      
11. Handlin2 expenses      
12. Total Cost      
13. Adjustment for difference in the value of opening and closingstock      
14. Cost of mineral transferred to Proforma 'c'      
Note 1. - Quantity of rejected mineral sold and the amount realized, shall be indicated separated and be deducted from the cost of raising.Proforma 'C'Name of the company :Name and address of the factory :Statement showing the cost of Ore (to be specified) produced and sold during the year/period :A. Quantitative Information:
Serial number Particulars In MTs
Current Year Previous Year
1. Installed capacity    
2. Quantity produced    
3. Capacity utilization    
4. Quantity sold(a) Domestic(b) Export    
5. Quantity transferred to Metal/Non-metal producing plant forcaptive consumption    
6. Closing stock (Ore)    
7. Opening stock (Ore)    
B. Cost Information:
Serial number Particulars Quantity Rate Amount Per MT
Rupees per unit (Rupees) Current Year(Rupees) Previous Year(Rupees)
1. Material cost: itemwise covering80% of value)(a) mineral(to be specified)(b) Other process material orchemicals(to be specified)(c)Total(a+b)          
2. Direct wages and salaries          
3. Utilities:(a) Power(b) Steam(c) Others (specify)(d) Total(a to c)          
4. Consumable stores and spares          
5. Repairs and maintenance          
6. Effluent treatment expenses          
7. Technical assistance fees          
8. Depreciation          
9. other works overhead          
10. Administrative overhead(a) Salaries and wages(b) Others (specify)(c) Total (a+b)          
11. Total(l to 10)          
12. Stock adjustment(Work-in-progress)          
13. Less: Credit (for wastage and by-products          
14. Cost of production of Ore (11 to 13)          
  Cost of Sales          
15. Packing cost(a) Packing material(b) Direct wages and salaries(c) Other overheads          
16. Selling and distribution Expenses(a) Salaries and wages(b) Freight and transport charges(c) Commission to selling agents(d) Advertisement expenses(e) royalty(f) Others(g) Total(a to f)          
17. Interest          
18. Total cost of sales excluding excise duty (14 to 17)          
19. Total sales realizationLess : (i) excise duty(ii) export incentives          
20. Margin (19-18)          
Note 1. - Separate proforma shall be prepared for the quantity used for captive consumption, quantity sold within the country and the quantity exported. Expenses incurred on export and the incentive earned thereon shall be indicated in the proforma applicable for the quantity produced and exported.Proforma 'D'Name of the company :Name and address of the factory :Statement showing the cost of basic metal or non metal produced during the year/period:A. Quantitative Information:
Serial number Particulars In MTs
Current Year Previous Year
1. Installed capacity    
2. Quantity produced    
3. Capacity utilization    
4. Scrap generated    
5. Scrap as percentage of total production    
6. Quantity used for captive consumption    
7. Closing stock (finished goods)    
8. Opening stock (finished goods)    
B. Cost Information:
Serial number Particulars Quantity Rate Amount Per MT
Rupees per unit (Rupees) Current Year(Rupees) Previous Year(Rupees)
1. Material cost : (itemwise covering80% of value)(a)Ore :(i)Own manufactured(ii)Purchased(b) Others (specify major items)          
2. Direct wages and salaries          
3. Utilities(a) Power(b) Furnace oil(c) Others (specify)(d) Total(a to c)          
4. Relining of pots, where applicable          
5. Consumable stores and spares          
6. Depreciation          
7. Repairs and maintenance          
8. Technical assistance fees          
9. Research and development          
10. Quality control          
11. Other works overhead          
12. Administrative overhead(a) Salaries and wages(b) Others (specify)(c) Total(a+b)          
13. Total(1 to 12)          
14. Stock adjustment (Work-in-progress)          
15. Less: Credits (from wastage and byproducts)          
16. Cost of production          
17. Stock adjustment (finished products)          
18. Total cost of basic metal/non-metal transferred to Proforma`E’          
Note 1. - If basic metal or non-metal under reference is sold as such without further processing or refining, the cost of sales and sales realisation shall also be shown in detail as illustrated against serial number 19 to 25 in Proforma 'E'.Proforma 'E'Name of the company :Name and address of the factory :Statement showing the cost of production, cost of sales, sales realisation and margin in respect of each of the final products (metals and non metals, their minerals, ores and alloys) produced during the year/period :A. Quantitative Information:
Serial number Particulars In MTs
    Current Year Previous Year
1. Installed capacity    
2. Quantity produced    
3. Capacity utilization    
4. Scrap generated    
5. Scrap as percentage of total production    
6. Quantity used for captive consumption    
7. Quantity sold(a) Domestic(b) Export    
8. Closing stock (finished goods)    
9. Opening stock (finished goods)    
B. Cost Information:
Serial number Particulars Quantity Rate Amount Per MT
Rupees per unit (Rupees) Current Year(Rupees) Previous Year (Rupees)
1. Material cost : (itemwise covering80% of value)(a) Hot metal(b) cold metal(c) Alloying material(d) Scrap charged(e) Others(specify)(f) Less: credit for scrapgenerated(g) Net material cost          
2. Direct wages and salaries          
3. Utilities(a) Power(b) Furnace oil(c) Others (specify)(d) Total(a to c)          
4. Cost of dies, where applicable          
5. Consumable stores and spares          
6. Depreciation          
7. Repairs and maintenance          
8. Technical assistance fees          
9. Research and development          
10. Quality control          
11. Other works overhead          
12. Administrative overhead(a) Salaries and wages(b) Others (specify)(c) Total(a+b)          
13. Total(1 to 12)          
14. Stock adjustment (Work-in-progress)          
15. Less: Credits (from wastage and by products)          
16. Cost of production(13 to 15)          
17. Stock adjustment (finished products)          
18. Total (16+17)          
19. Quantity and cost transferred for:(i) captive consumption(ii)sales          
20. Packing Cost(a) Materials(b) Others          
21. Selling and distribution Expenses(a) Salaries and wages(b) Freight and transport charges(c) Commission to selling agents(d) Advertisement expenses(e) royalty(f) Other(g) Total(a to f)          
22. Interest          
23. Total cost of sales excluding excise duty (19 to 22)          
24. Total sales realization Less :(i)excise duty(ii) export incentives          
25. Margin(24–23)          
Note 1. - Separate proforma shall be prepared for each product under reference.Note 2. - Separate proforma shall be prepared for the quantity used for captive consumption, quantity sold within the country and the quantity exported. Expenses incurred on export and the incentive earned thereon shall be indicated in the proforma applicable for the quantity produced and exported.Proforma 'F'Name of the company :Name and address of the factory :Statement showing the total production and allocation of total actual expenses and income of the company among various products under reference and other products or activities for the year ending :A. Production Data:
Serial number Particulars Current Year Previous Year Current Year Previous Year
    Product 1 Product 2
1. Installed capacity        
2. Budgeted capacity        
3. Actual production during the year        
4. Percentage of (3) to(1)        
5. Percentage of (3) to(2)        
B. Allocation of total expenses and income for the year ending :
Serial number Particulars Total actual expenses Share applicable to other activities not underreference Share applicable to products under referenceactivity No.1 Share applicable to products under referenceactivity No.2 and so on
1. Raw-material consumed        
2. Process materials or chemicals consumed        
3. Packing materials        
4. Salaries and wages        
5. Utilities        
6. Consumable stores and spares        
7. Depreciation        
8. Repairs and maintenance        
9. Royalty        
10. Research and Development        
11. Quality control        
12. Other works overheads        
13. Administrative Overhead(a) salaries and wages(b) others(specify)(c)total(a+b)        
14. Total(1 to 13)        
15. Stock adjustment (Work-in-progress)        
16. Less: Credits (from wastages and by-products)        
17. Cost of production (14 to 16)        
18. Stock adjustment (finished products)        
19. Net cost of Production of unpacked finished goods (17+18)        
20. Less: captive consumption        
21. Packing cost(a) Materials(b) Others        
22. Less: captive consumption in packed condition        
23. Net cost of materials available for sales        
24. Selling and distribution Expenses(a) Salaries and wages(b) Freight and transport charges(c) Commission to selling agents(d) Advertisement expenses(e) Royalty(f) Others(g) total(a to f)        
25. Interest        
26. Total cost of sales excluding excise duty (23 to 25)        
27. Total sales realizationLess: (i)excise duty(ii)export incentives        
28. Margin(27–26)        
Note. - All items of income and expenditure in this proforma shall be reconciled with the financial accounts for the relevant period.