https://www.taxtmi.com/acts?id=20014 The standard prescribes measurement of capacity in production units or equivalent hours, with installed capacity based on manufacturers' specifications or expert estimates and reassessed on additions, discards or improvements. Normal capacity is derived from installed capacity after adjusting for holidays, shutdowns, batch changeovers, preventive maintenance, breakdowns, equipment ageing and shifts. Cost statements must present installed capacity and actual utilization (absolute and percentage) and disclose the basis for capacity, changes and reasons for low utilization and abnormal under utilization costs when material. en-us Fri, 11 Sep 2015 17:23:16 +0530 Fri, 11 Sep 2015 17:46:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20014 The standard prescribes measurement of capacity in production units or equivalent hours, with installed capacity based on manufacturers' specifications or expert estimates and reassessed on additions, discards or improvements. Normal capacity is derived from installed capacity after adjusting for holidays, shutdowns, batch changeovers, preventive maintenance, breakdowns, equipment ageing and shifts. Cost statements must present installed capacity and actual utilization (absolute and percentage) and disclose the basis for capacity, changes and reasons for low utilization and abnormal under utilization costs when material. Act-Rules Companies Law Fri, 11 Sep 2015 17:23:16 +0530 https://www.taxtmi.com/acts?id=20014