Friday, 17 August 2012

Annexure-1  :  LIST OF INDUSTRIES COVERED UNDER COST AUDIT
S.No.
Name of the
Industry
Description of Activity and Relevant Chapter Heading of the Central Excise Tariff Act, 1985
Criteria
Cost Audit w.e.f.
1
Telecommunication Industry
Act, process, procedure, function, operation, technique, treatment or method employed in relation to telecasting, broadcasting, telecommunicating voice, text, picture, information, data or knowledge through any mode or medium
a)Aggregate Value of networth as on the last day of immediately preceding financial year year exceeds Rs. 5 Crores,

OR
b)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
c) wherein the company’s equity or debt securities are listed or are in the process of listing on anystock exchange, whether in India or outside India
1st April 2011
2
Petroleum Industry
Chapter 27 of CETA 1985 or Production, processing, manufacturing or mining of crude oil, gases [including Natural Gas, Compressed Natural Gas, Liquefied Petroleum Gas and regasified gases, etc. as defined in the Petroleum and Natural Gas Regulatory Board Act, 2006 (19 of 2006)] or Biogas or any other petroleum products
1st April 2011
3
Electricity Industry
Generation of electricity from any source of energy, and includes transformation, transmission, distribution, and/or supply of electricity by any mode, or medium
1st April 2011
4
Sugar Industry
Chapters 17 and 22 of CETA 1985 orProduction, processing, or manufacturing of any form or grade of sugar, molasses, or alcohol (including ethyl alcohol, rectified spirit, absolute alcohol, denatured alcohol, power alcohol, or solvent blends etc. but excluding potable alcohol) by using any raw materials
1st April 2011
5
Fertilizer Industry
Chapter 31 of CETA 1985 or
Fertilizers as defined in clause (h) of Section 2 of the Fertilizer (Control) Order, 1985 made under Section 3 of the Essential Commodities Act, 1955 (10 of 1955)
1st April 2011
6
Pharmaceutical Industry
Chapters 29 and 30 of CETA 1985 or
Production, processing, or manufacturing of bulk drugs or formulations and includes the meaning assigned to them under the Drugs (Prices Control) Order 1995
1st April 2011
7
Industrial Alcohol
1st April 2011
8
Cement
Chapter 25, 38 and 68 of CETA 1985


a)      Companies having turnover exceeding Rs 100 crores in the immediately preceding financial year
OR
 b)      Companies whose equity or debt securities are listed or are in the process of listing 
1st April 2011
9
Insecticides
Chapter 38 (includes all classes of Insecticides as defined under clause (e) of section 3 of the Insecticides Act, 1986 (46 of 1968) and included in the schedule annexed to the said Act and as amended from time to time.
1st April 2011
10
Tyres & Tubes
Chapter 40 of CETA 1985
1st April 2011
11
Steel
Chapter 72 and 73 of CETA 1985
1st April 2011
12
Paper
Chapter 47 and 48 of CETA 1985
1st April 2011
13
Glass
Chapter 70 of CETA 1985
1st April 2011
14
Paints & Varnishes
Chapter 32 of CETA 1985
1st April 2011
15
Aluminum
Chapter 76 of CETA 1985
1st April 2011
16
Jute, Cotton, Silk, Woolen or Blended Fibers/Textiles
Chapters 50 to 63 of CETA 1985


a)    Companies having
turnover exceeding Rs 100 crores in the immediately preceding financial year

             OR

      b)      Companies whose equity or debt securities are listed or are in the process of listing 
1st April 2012
17
Edible Oil Seeds and Oils (including vanaspati)
Chapters 12 and 15 of CETA 1985
1st April 2012
18
Packaged Food Products
Chapters 2 to 25 (except Chapters 5, 6, 14, 23 and 24) of CETA 1985
1st April 2012
19
Organic & Inorganic Chemicals
Chapters 28, 29, 32, 38 and 39 of CETA 1985
1st April 2012
20
Coal & Lignite
Chapter 27 of CETA 1985
1st April 2012
21
Mining & Metallurgy of Ferrous & Non-Ferrous Metals
Chapters 26 and 74 to 83 (except Chapters 76 and 77) of CETA 1985
1st April 2012
22
Tractors & other Motor Vehicles (incl. automotive components)
Chapters 84, 85 and 87 of CETA 1985
1st April 2012
23.
Plantation Products
Chapters 8, 9, 21 and 40 of CETA 1985
1st April 2012
24
Engineering Machinery (incl.
Chapters 84 and 85 of CETA 1985 Electrical & Electronic products)
1st April 2012



By


Krishna Dasan.A
A.Krishna Dasan & Co.
Cost and Management Accountants
2 & 12(FF), DDA Commercial Complex
C-2-C Block, Pocket 2, Janak Puri,
New Delhi-110058
Mob: 98711-28831, 93111-28831