Legal Document View

Unlock Advanced Research with PRISMAI

Integrated with over 4 crore judgments and laws — designed for legal practitioners, researchers, students and institutions

- Know your Kanoon - Doc Gen Hub - Counter Argument - Case Predict AI - Talk with IK Doc - ...
Upgrade to Premium
[Cites 0, Cited by 0] [Entire Act]

Union of India - Section

Section 19 in The Cost Audit Report Rules, 2001

19.

(A)Inventory Valuation (at the end of the year):
Particulars Basis of valuation Current Year Previous Year
Quantity (unit) Rate (Rs.) Amount (Rs.) Quantity (unit) Rate(Rs.) Amount (Rs.)
1. Input material:              
(i) Purchased              
Indigenous              
Imported              
(ii) Self manufactured              
2. Chemicals, additives and consumables              
3. Stores and spares              
4. Packing materials              
5. Tools and implements and Jigs, Dies andFixtures.              
6. Work-in-progress:(i) material cost(ii) conversion cost(details to be given)              
7. Finished goods:(i) unpacked(ii) packed              
8. Scrap/wastage              
9. Others if any              
10. Total value of inventory as per cost accounts              
11. Total value as per financial accounts              
12. Reasons for major differences if any              
Notes: (1) In respect of item at Sr. No. 1 and 6 details be furnished in respect of each major input material constituting at least 2% of the total material cost.
(2)In respect of items at Sr. No. 2 to 5, total amount be given without any quantitative details.
(3)Give in brief the method of inventory valuation system indicating the elements of cost included therein and the extent thereof
(4)Capital work-in-progress to be shown separately