https://www.taxtmi.com/acts?id=20018 Principles are laid down for determining material cost in cost statements, including classification, measurement, assignment, presentation and disclosure. Material receipts are valued at purchase price with directly attributable costs, while finance costs, demurrage, detention charges and penalties are excluded. Self-manufactured materials, issue valuation methods, abnormal cost treatment, assignment to cost objects, and disclosures on valuation basis, excluded items and related-party procurement are also specified. en-us Fri, 11 Sep 2015 17:43:29 +0530 Thu, 23 Apr 2026 16:55:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20018 Principles are laid down for determining material cost in cost statements, including classification, measurement, assignment, presentation and disclosure. Material receipts are valued at purchase price with directly attributable costs, while finance costs, demurrage, detention charges and penalties are excluded. Self-manufactured materials, issue valuation methods, abnormal cost treatment, assignment to cost objects, and disclosures on valuation basis, excluded items and related-party procurement are also specified. Act-Rules Companies Law Fri, 11 Sep 2015 17:43:29 +0530 https://www.taxtmi.com/acts?id=20018