TaxTMI 
TaxTMI 
The Cost Accounting Records (Electricity Industry) Rules, 2011
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....; (a) "Act" means the Companies Act, 1956 (1 of 1956); (b) "compliance report" means the compliance report duly authenticated and signed by a cost accountant in the specified form of compliance report; (c) "Cost Accountant" for the purpose of these rules means a cost accountant as defined in clause (b) of sub‐section (1) of section 2 of the Cost and Works Accountants Act, 1959 (23 of 1959) and who is either a permanent employee of the company or holds a valid certificate of practice under sub‐section (1) of section 6 and who is deemed to be in practice under sub‐section (2) of section 2 of that Act and includes a firm of cost accountants; (d) "Cost Accounting Standards" means the standards of cost accounting, issued by the Institute; (e) "cost records" means books of account relating to utilisation of materials, labour and other items of cost as applicable to the production, processing, manufacturing or mining activities of the company; (f) "electricity activities" means any act, process, procedure, function, operation, technique, treatment or method employed in relation to generation of electricity from any so....
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.... foreign company as defined under section 591 of the Act, which is engaged in the production, processing, or manufacturing of electricity activities and wherein, the aggregate value of net worth as on the last date of the immediately preceding financial year exceeds five crores of rupees; or wherein the aggregate value of the turnover made by the company from sale or supply of all products or activities during the immediately preceding financial year exceeds twenty crores of rupees; or wherein the company's equity or debt securities are listed or are in the process of listing on any stock exchange, whether in India or outside India: Provided that these rules shall not apply to a body corporate governed by any special Act. 4. Maintenance of records, - (1) Every company to which these rules apply, including all units and branches thereof shall, in respect of each of its financial year commencing on or after the date of this notification, keep cost records and the books of account so maintained shall contain, inter‐alia, the particulars specified in Proformae A to H mentioned in the Schedule annexed to these rules. (2) The cost records referred to in sub‐rul....
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....mit for submission of Compliance Report, - Every company shall submit the compliance report referred to in rule 5 to the Central Government within a period of one hundred and eighty days from the close of the company's financial year to which the compliance report relates. 7. Authentication of Annexure to the Compliance Report, - The Annexure to the compliance report shall be approved by the Board of Directors and certified by the Cost Accountant before submitting the same to the Central Government by the company. 8. Penalties, - (1) If default is made by the Cost Accountant in complying with the provisions of these rules, he shall be punishable with fine, which may extend to five thousand rupees. (2) For contravention of these rules, ‐ (a) the company shall be punishable as provided under sub‐section (2) of section 642 of the Act; and (b) every officer thereof who is in default, including the persons referred to in sub‐section (6) of section 209 of the Act, shall be punishable as provided under sub‐sections (5) and (7) of section 209 of Companies Act, 1956 (1 of 1956). 9. Savings, - The supersession of the Cost Accounting Recor....
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....r our opinion, the said books and records give or do not give the information required by the Companies Act, 1956 in the manner so required. 5 In my or our opinion, the said books and records are or are not in conformity with the generally accepted cost accounting principles and cost accounting standards issued by The Institute of Cost and Works Accountants of India, to the extent these are found to be relevant and applicable. Dated: this ____ day of _________ 20__ at _________________ (mention name of place ofsigning this report) SIGNATURE & SEAL OF THE COST ACCOUNTANT (S) MEMBERSHIP NUMBER (S) NOTES: (i) Delete words not applicable. (ii) If as a result of the examination of the books of account, the cost accountant desires to point out any material deficiency or give a qualified report, he shall indicate the same against the relevant para. (iii) Briefly give your observations and suggestions, if any, relevant to the maintenance of cost accounting records by the company. (iv) Cost accountant may use separate sheet(s) for (ii) and (iii) above, if required. [F. No. 52/7/CAB‐2011] B.B.GOYAL Adviser (Cost) ============= Document 1 [TO BE ....
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....h the Central Government in the electronic mode; (h) "Form-B" means the form of the compliance report and includes Annexure to the compliance report; (i) "Generally Accepted Cost Accounting Principles" means the principles of cost accounting issued by the Institute; (j) "Institute" means the Institute of Cost and Works Accountants of India constituted under the Cost and Works Accountants Act, 1959 (23 of 1959); (k) "product" means any tangible or intangible good, material, substance, article, idea, know-how, method, information, object, service, etc. that is the result of human, mechanical, industrial, chemical, or natural act, process, procedure, function, operation, technique, or treatment and is intended for use, consumption, sale, transport, store, delivery or disposal; (I) "product group" in relation to tangible products means a group of homogenous and alike products, produced from same raw materials and by using similar or same production process, having similar physical or chemical characteristics and common unit of measurement, and having same or similar usage or application; and in relation to intangible products means a group of homogenous and alike product....
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....accounting principles and cost accounting standards issued by the Institute; to the extent these are found to be relevant and applicable and the variations, if any, shall be clearly indicated and explained. (4) The cost records shall be maintained in such manner so as to enable the company to exercise, as far as possible, control over the various operations and costs with a view to achieve optimum economies in utilization of resources and these records shall also provide necessary data which is required to be furnished under these rules. (5) All such cost records and cost statements, maintained under these rules shall be reconciled with the audited financial statements for the financial year specifically indicating expenses or incomes not considered in the cost records or statements so as to ensure accuracy and to reconcile the profit of all product groups with the overall profit of the company and the variations, if any, shall be clearly indicated and explained. (6) All such cost records, cost statements and reconciliation statements, maintained under these rules, relating to a period of not less than eight financial years immediately preceding a financial year or where t....
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....esaid, and; any such investigation, legal proceeding or remedy may be instituted, continued or enforced and any such penalty, forfeiture or punishment may be imposed as if those rules had not been superseded. - 4 - Form for filing Compliance Report and other documents with the Central Government FORM-A [Pursuant to section 209(1)(d), 600(3)(b) of the Companies Act, 1956 and rule 2 of the Cost Accounting Records (Electricity Industry) Rules, 2011] PART I - GENERAL INFORMATION Note: All fields marked in * are to be mandatorily filled. 1 (a) *Corporate identity number (CIN) or foreign company registration number of the company Pre-Fill (b) Global location number (GLN) of company 2 (a) *Name of the company (b) *Address of the registered office or of the principal place of business in India of the company (c) *E-mail Address of the company 3 (a) *Financial year compliance report covered by the (DD/MM/YYYY) From (DD/MM/YYYY) To (b) *Date of Board of directors' meeting in which annexure to the compliance report was approved (DD/MM/YYYY) 4. Details of the cost accountant (a) *Category of the cost accountant Individual C....
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.... through electronic mode and on the basis of statement of correctness given by the filing company FORM-B FORM OF COMPLIANCE REPORT [See rule 2, and rule 5] - 7 - I or We being in permanent employment of the company or in practice, and having been appointed as cost accountant under Rule 5 of the Cost Accounting Records (Electricity Industry) Rules, 2011 of (mention name of the company) having its registered office at (mention registered office address of the company) (hereinafter referred to as the company), have examined the books of account prescribed under clause (d) of sub-section (1) of section 209 of the said Act, and other relevant records for the period/year (mention the financial year) and certify as under: 1 I or We have or have not obtained all the information and explanations, which to the best of my or our knowledge and belief were necessary for the purpose of this compliance report. 2 In my or our opinion, proper cost records, as per the Cost Accounting Records (Electricity Industry) Rules, 2011 prescribed under clause (d) of sub-section (1) of section 209 of the Companies Act, 1956, have or have not been maintained by the company so as to give ....
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....ofit or (Loss) as per Financial Accounts NOTES: (i) For produced or manufactured product groups, use the nomenclature as used in the Central Excise Act or Rules, as applicable. (ii) For services groups, use the nomenclature as used in the Finance Act or Central Service Tax Rules, as applicable. SIGNATURE NAME COST ACCOUNTANT (S) MEMBERSHIP NUMBER (S) SEAL DATE "SCHEDULE" [See rule 4] PROFORMA 'A' Statement showing the cost of utilities like water collection, water treatment, ash handling plant, effluent treatment, etc Name of the Company Name and address of the Plant Name of the Utility For the period I Quantitative Information Sno. Particulars Unit Current Year Previous Year A1 Installed capacity 2 Quantity produced 3 Capacity utilization % 4 Quantity re-circulated 5 Quantity purchased, if any 6 Self-consumption including other losses (to be specified) 7 Net units consumed B1 Gross fixed assets at the end of the year /period Rs./Lakh 2 Net fixed assets at the end of the year/period Rs./Lakh 3 Date of commissioning - 10 - II Cost Information: Sno. Particulars Quantity Rate (Rs. per unit) Amount (Rupees) C....
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....f the Company Name and Address of the Generating Unit Type of Generation For the Period/Year I Quantitative Information: Sno. Particulars Unit Current Year Previous Year A1 Installed Capacity 2 Minimum power to be purchased under PPA 3 Planned Outage 4 Forced Outage 5 Plant Availability 6 Loss due to backing down 7 Reserve Outage 8 Partial Unavailability Factor 9 Power Generated 10 Plant Load Factor 11 Auxiliary Power Consumption 12 Free supply, if any, to employee and office 13 Net Power Generated 14 Add Power Purchased, if any 15 Power Available for Transmission 16 Station Heat Rate (Kcal or KWH) B1 Gross Fixed Assets at the end of the year/period Rs. Lakhs 2 Net Fixed Assets at the end of the year/period Rs. Lakhs 3 Date of Commissioning Unit II Cost Information Sno. Particulars Quantity and calorific value of the fuel used Rate Rs. per Unit Amount Rs. Cost per unit (Rs./KWH) Current Year Previous Year 1 Material/Fuel cost: IMPORTED (a) Coal (b) Lignite (c) Naphtha or Oil (d) Gas (e) Bagasse (f) Others (specify) INDIGENOUS (a) Coal (b) Lignite (c) Naphtha / Oil (d) Gas (e) Bagasse (f)....
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....urance 8 Lease Rent, if any 9 Quality Control Expenses 10 Research and Development 11 Royalty or Technical know-how fee, if any 12 Depreciation or Amortization 13 Other Plant Overheads 14 Total Cost of Transmission/Distribution 15 Less: Credits, if any 16 Administrative Overheads 17 Selling Expenses 18 Interest and Financing Charges : 19 Cost of Sales- 20 Total cost of Transmission or Distribution transferred to Proforma 'E' 21 If sold, sales realization or Transmission Charges or Distribution Charges i) at Notified rates approved by Regulatory Bodies) - 15 - Sno. Particulars Quantity Rate Rs. per Unit Amount Rs. Cost per Unit (Rs.) Current Year Previous Year (a) Base amount (b) Incentive amount (c) others (specify) (ii) Sales at other than notified rates (a) Base amount (b) Incentive amount (c) Others (specify) (iii) Total (i) +(ii) 22 Margin (20 -19) 23 Add: Export Benefits and Incentives, if any 24 Total Margin (21 + 22) PROFORMA 'E' Statement showing the cost of supply (consumer servicing and billing, etc.) Name of the Company Name and Address of the Supplying Unit For the Period/Year I. Quantitative....
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....€˜G' Statement showing Allocation and Apportionment of Total Expenses and Income of the Company Name of the Company Name and Address of the Plant/Unit For the Period/Year (Amount in Rupees) Sno. Particulars Total Expenses as per Audited Financial Accounts Total as per Annual Accounts of Generation Units Total as per Annual Accounts of Transmissio n Units Total as per Annual Accounts of Distributi on Units Total as per Annual Accounts of supply or billing Units Other activities (specify) Utilities (separate ly for each) Factory Overhead s Administr ation Overhead s Marketin g or Selling and Distribu- tion Other cost centres (specify) Non Cost Expenses 1. Direct Materials (specify) 2. Process Materials (specify) 3. Chemicals (specify) 4. Power & Fuel a) Fuel b) Own Production 5. Employee Benefits: a) Salaries, Wages, Bonus Etc. b) Contribution to Provident and Other Funds c) Staff Welfare Expenses 6. Consumable Stores and Spares 7. Repairs and Maintenance a) b) Plant & Machinery Buildings c) Transmission and Distribution Assets d) Others 19 Sno. Particulars Total Expenses as per Audited Financial Accounts Total ....
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....tion Overheads Rs. Marketing / Selling & Distribution Rs. Other Overheads (specify) Rs. Rs. Utilities (specify) Cost Centres (specify) 1. 2. 3. 4. Others (specify) Total (as per Proforma H) Proforma 'H' Statement of Profit Reconciliation (for the company as a whole) Name of the Company For the Period/Year Sno. Particulars Current Year (Rs) Previous Year (Rs) 1 Profit or Loss as per Cost Accounting Records a) For the audited product groups b)For the un-audited product groups 2 Add: Incomes not considered in cost accounts: (a) Specify (b) (c) (d) 3 Less: Expenses not considered in cost accounts: (a) Specify (b) (c) (d) 4 Add: Overvaluation of Closing Stock in Financial Accounts 5 Add: Undervaluation of Opening Stock in Financial Accounts 6 Less: Undervaluation of Closing Stock in Financial Accounts 7 Less: Overvaluation of Opening Stock in Financial Accounts 8 Adjustments for others, if any (specify 9 Profit or Loss as per Financial Accounts Notes: 22 1. Separate cost statement shall be prepared for each major utility in Proforma 'A'. 2. Separate cost statement shall be ....