https://www.taxtmi.com/acts?id=20032 Cost Accounting Standard on royalty and technical know-how fee prescribes uniform principles for determining, classifying, measuring, assigning, presenting, and disclosing such costs in cost statements. Lump-sum or one-time payments are amortised over the estimated output or benefit from the related asset, while finance costs, imputed costs, penalties, damages, subsidies, grants, incentives, and material recoveries are excluded or deducted in measurement. The standard also sets allocation rules based on traceability, units produced, units sold, or sales value, and requires separate presentation and specified disclosures. en-us Fri, 11 Sep 2015 17:54:24 +0530 Fri, 24 Apr 2026 12:09:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20032 Cost Accounting Standard on royalty and technical know-how fee prescribes uniform principles for determining, classifying, measuring, assigning, presenting, and disclosing such costs in cost statements. Lump-sum or one-time payments are amortised over the estimated output or benefit from the related asset, while finance costs, imputed costs, penalties, damages, subsidies, grants, incentives, and material recoveries are excluded or deducted in measurement. The standard also sets allocation rules based on traceability, units produced, units sold, or sales value, and requires separate presentation and specified disclosures. Act-Rules Companies Law Fri, 11 Sep 2015 17:54:24 +0530 https://www.taxtmi.com/acts?id=20032