Cost accounting compliance for electronic manufacturers requires detailed records and reconciliations under Companies Act rules. Mandates comprehensive cost accounting records for companies manufacturing electronic products, specifying applicability and limited exemptions, timelines for completion of prescribed Proformae, and detailed content requirements covering materials, labour, utilities, depreciation, overheads, royalties, R&D, warranty, export incentives and reconciliation with financial accounts; requires equitable apportionment methods, disclosure of accounting bases and variances, separate plant and product cost statements in Proformae A-D, duties on officers to ensure compliance, and penalties for contraventions.
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Provisions expressly mentioned in the judgment/order text.
Cost accounting compliance for electronic manufacturers requires detailed records and reconciliations under Companies Act rules.
Mandates comprehensive cost accounting records for companies manufacturing electronic products, specifying applicability and limited exemptions, timelines for completion of prescribed Proformae, and detailed content requirements covering materials, labour, utilities, depreciation, overheads, royalties, R&D, warranty, export incentives and reconciliation with financial accounts; requires equitable apportionment methods, disclosure of accounting bases and variances, separate plant and product cost statements in Proformae A-D, duties on officers to ensure compliance, and penalties for contraventions.
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