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of <h1>MCA Clarifies Cost Capitalization for Power Projects Under AS-10 and AS-16; Addresses Delays and Asset Value Impact.</h1> The circular from the Ministry of Corporate Affairs addresses clarifications regarding the capitalization of costs for Competitive Bid power projects under Accounting Standards AS-10 and AS-16. It states that costs incurred during extended delays in commercial production, when the plant is otherwise ready, should not be capitalized as they do not increase the asset's worth. AS-16 allows for part capitalization when some units of a project are complete and ready for use. These standards apply to both Cost Plus and Competitive Bid projects. The guidance is issued with the approval of the competent authority.
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