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<h1>Cost Accounting Standard 22: Guidelines for Uniform Manufacturing Cost Determination of Excisable Goods in India</h1> The Cost Accounting Standard 22 (CAS-22) by the Institute of Cost Accountants of India outlines principles for determining the manufacturing cost of excisable goods. It aims to ensure uniformity and consistency in cost measurement, classification, assignment, presentation, and disclosure. Key elements include direct and indirect costs, such as materials, employee costs, utilities, and overheads. The standard specifies how to handle abnormal costs, subsidies, and finance costs, and mandates separate measurement for each excisable good. It requires disclosures of significant changes in cost accounting practices and mandates effective application from April 1, 2015.