https://www.taxtmi.com/acts?id=20036 Cost Accounting Standard 8 on cost of utilities lays down principles for classifying, measuring, assigning, presenting and disclosing utility costs such as power, steam, water and compressed air. Each utility is to be treated as a distinct cost object, with purchased utility cost measured at purchase cost and self-generated utility cost determined from direct material, employee cost, direct expenses and factory overheads. Finance costs and imputed costs are excluded, while subsidies, credits, abnormal costs and penalties are adjusted or omitted as required. en-us Fri, 11 Sep 2015 17:59:59 +0530 Thu, 23 Apr 2026 17:39:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20036 Cost Accounting Standard 8 on cost of utilities lays down principles for classifying, measuring, assigning, presenting and disclosing utility costs such as power, steam, water and compressed air. Each utility is to be treated as a distinct cost object, with purchased utility cost measured at purchase cost and self-generated utility cost determined from direct material, employee cost, direct expenses and factory overheads. Finance costs and imputed costs are excluded, while subsidies, credits, abnormal costs and penalties are adjusted or omitted as required. Act-Rules Companies Law Fri, 11 Sep 2015 17:59:59 +0530 https://www.taxtmi.com/acts?id=20036