https://www.taxtmi.com/notifications?id=23950 These Rules require companies engaged in petroleum production, processing or manufacturing to maintain detailed cost accounting records and complete Proformae A-I annually, capturing materials, labour, utilities, workshop and maintenance, fixed assets and depreciation, exploration and drilling costs, overheads, royalties, R&D, transport, packing, marketing, intercompany transactions and pollution control. Records must permit costing by product or activity, equitable and consistent apportionment of joint and common costs, reconciliation of cost with financial accounts, analysis of variances, and provide data for cost audit reporting; non compliance attracts penalties under the Companies Act. en-us Tue, 08 Oct 2002 00:00:00 +0530 Fri, 24 Jun 2011 12:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=23950 These Rules require companies engaged in petroleum production, processing or manufacturing to maintain detailed cost accounting records and complete Proformae A-I annually, capturing materials, labour, utilities, workshop and maintenance, fixed assets and depreciation, exploration and drilling costs, overheads, royalties, R&D, transport, packing, marketing, intercompany transactions and pollution control. Records must permit costing by product or activity, equitable and consistent apportionment of joint and common costs, reconciliation of cost with financial accounts, analysis of variances, and provide data for cost audit reporting; non compliance attracts penalties under the Companies Act. Notifications Companies Law Tue, 08 Oct 2002 00:00:00 +0530 https://www.taxtmi.com/notifications?id=23950