https://www.taxtmi.com/acts?id=20016 prescribes uniform principles to determine the assessable value of excisable goods used within the same organization: cost of production includes Material Consumed, Direct Wages and Salaries, Direct Expenses, Works Overheads, Quality Control, R&D, Packing and production-related Administrative Overheads, adjusted for opening/closing stocks and recoveries. Variable overheads are absorbed on actual capacity utilisation; fixed overheads on normal capacity or actual utilisation, whichever is higher. Joint products, by-products, scrap, free inputs and exclusions such as interest and abnormal costs are treated according to specified rules. A prescribed cost sheet and disclosure and certification requirements support verification. en-us Fri, 11 Sep 2015 17:26:30 +0530 Fri, 11 Sep 2015 17:46:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20016 prescribes uniform principles to determine the assessable value of excisable goods used within the same organization: cost of production includes Material Consumed, Direct Wages and Salaries, Direct Expenses, Works Overheads, Quality Control, R&D, Packing and production-related Administrative Overheads, adjusted for opening/closing stocks and recoveries. Variable overheads are absorbed on actual capacity utilisation; fixed overheads on normal capacity or actual utilisation, whichever is higher. Joint products, by-products, scrap, free inputs and exclusions such as interest and abnormal costs are treated according to specified rules. A prescribed cost sheet and disclosure and certification requirements support verification. Act-Rules Companies Law Fri, 11 Sep 2015 17:26:30 +0530 https://www.taxtmi.com/acts?id=20016