https://www.taxtmi.com/acts?id=54096 Cost Accounting Standard CAS-23 (Revised) governs the measurement, assignment, presentation and disclosure of overburden removal cost in cost statements. It defines the principal concepts used in mining cost accounting, including overburden, stripping activity, stripping ratio, standard or average stripping ratio, current ratio, advance stripping, mines overheads, abnormal cost, imputed cost and related terms, and provides for periodic review of the standard stripping ratio. Overburden removal cost is measured as the aggregate of direct and indirect costs attributable to the activity, with development-phase costs capitalised where future economic benefits are probable and developed-area costs charged to ore production at the standard stripping ratio. en-us Tue, 21 Apr 2026 15:11:25 +0530 Fri, 24 Apr 2026 12:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=54096 Cost Accounting Standard CAS-23 (Revised) governs the measurement, assignment, presentation and disclosure of overburden removal cost in cost statements. It defines the principal concepts used in mining cost accounting, including overburden, stripping activity, stripping ratio, standard or average stripping ratio, current ratio, advance stripping, mines overheads, abnormal cost, imputed cost and related terms, and provides for periodic review of the standard stripping ratio. Overburden removal cost is measured as the aggregate of direct and indirect costs attributable to the activity, with development-phase costs capitalised where future economic benefits are probable and developed-area costs charged to ore production at the standard stripping ratio. Act-Rules Companies Law Tue, 21 Apr 2026 15:11:25 +0530 https://www.taxtmi.com/acts?id=54096