https://www.taxtmi.com/acts?id=17072 Companies in the pharmaceutical industry must keep cost records per Proformae A-I each financial year to permit calculation of per unit production or operation costs, cost of sales and margins on a regular basis; maintain records in accordance with generally accepted cost accounting principles and applicable cost accounting standards with explained variations; ensure managerial control and supply required data; reconcile all cost records and statements with audited financial statements identifying excluded items and explaining variations; and preserve such records and reconciliations for the prescribed historical period, with responsible officers taking reasonable steps to secure compliance. en-us Thu, 06 Dec 2012 18:52:11 +0530 Thu, 06 Dec 2012 18:52:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=17072 Companies in the pharmaceutical industry must keep cost records per Proformae A-I each financial year to permit calculation of per unit production or operation costs, cost of sales and margins on a regular basis; maintain records in accordance with generally accepted cost accounting principles and applicable cost accounting standards with explained variations; ensure managerial control and supply required data; reconcile all cost records and statements with audited financial statements identifying excluded items and explaining variations; and preserve such records and reconciliations for the prescribed historical period, with responsible officers taking reasonable steps to secure compliance. Act-Rules Companies Law Thu, 06 Dec 2012 18:52:11 +0530 https://www.taxtmi.com/acts?id=17072