Introducing the βIn Favour Ofβ filter in Case Laws.
- βοΈ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- π Narrow down results with higher precision
Try it now in Case Laws β


Just a moment...
Introducing the βIn Favour Ofβ filter in Case Laws.
Try it now in Case Laws β


Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Indian Government Mandates Detailed Cost Records for Electronic Producers Under 2001 Rules; Exemptions for Small-Scale Companies</h1> The Cost Accounting Records (Electronic Products) Rules, 2001, established by the Indian government, mandate specific accounting practices for companies involved in the production of electronic products. These rules require companies to maintain detailed cost records, including materials, labor, and overheads, to accurately calculate production and sales costs. Exemptions apply to small-scale companies with machinery and turnover below specified thresholds. Non-compliance can result in fines. The rules also outline the maintenance of records for various cost components, including utilities, depreciation, and research expenses, and require reconciliation with financial accounts to ensure accuracy.