https://www.taxtmi.com/acts?id=20039 Cost Accounting Standard on Packing Material Cost (CAS-9) prescribes principles for the classification, measurement, assignment, presentation and disclosure of packing material cost in cost statements. It covers receipt valuation, issue valuation, treatment of imported, self-manufactured and captive-consumed packing material, and the exclusion or adjustment of finance costs, abnormal costs, subsidies, recoveries and scrap. It also states that primary packing forms part of production cost, secondary packing forms part of distribution overheads, and reusable packing is assigned by reference to expected reuse. Disclosure is required for valuation basis, variances, related-party transactions and other material items. en-us Fri, 11 Sep 2015 18:07:57 +0530 Thu, 23 Apr 2026 18:06:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20039 Cost Accounting Standard on Packing Material Cost (CAS-9) prescribes principles for the classification, measurement, assignment, presentation and disclosure of packing material cost in cost statements. It covers receipt valuation, issue valuation, treatment of imported, self-manufactured and captive-consumed packing material, and the exclusion or adjustment of finance costs, abnormal costs, subsidies, recoveries and scrap. It also states that primary packing forms part of production cost, secondary packing forms part of distribution overheads, and reusable packing is assigned by reference to expected reuse. Disclosure is required for valuation basis, variances, related-party transactions and other material items. Act-Rules Companies Law Fri, 11 Sep 2015 18:07:57 +0530 https://www.taxtmi.com/acts?id=20039