Cost Records

                                                       Maintenance of Cost Accounting Records:

 

 

For the purposes of sub-section (1) of Section 148 of the Act, the class of Companies, including foreign companies defined in clause (42) of Section 2 of the Act, engaged in the production of the goods or providing services, specified in the Table below, having an overall turnover from all its products and services of rupees thirty five crore or more during the immediately preceding financial year, shall include cost records for such products or services in their books of account, namely:-

(A) Regulated Sectors

 

Sl.

No.

Industry/ Sector/ Product/ Service

CETA   Heading (wherever applicable)

1

Telecommunication services made available to users by means of any transmission or reception of signs, signals, writing, images and sounds or intelligence of any nature (other than broadcasting services) and regulated by the Telecom Regulatory Authority of India under the Telecom Regulatory

Authority of India Act, 1997 (24 of 1997);

Not applicable

2

Generation, transmission,  distribution and supply of electricity regulated by the relevant regulatory body or authority under the Electricity Act, 2003 (36 of 2003), other than for captive generation (referred

to in the Electricity Rules, 2005);

 

                           

3

Petroleum products regulated by the Petroleum and Natural Gas Regulatory Board under the Petroleum and Natural Gas Regulatory Board Act,

2006 (19 of 2006 ;

2709 to 2715;

4

Drugs and pharmaceuticals;

2901 to 2942; 3001 to

5

Fertilisers;

3102 to 3105.

6

Sugar and industrial alcohol;

1701; 1703;2207

 

(B)        Non-regulated Sectors

 

Sl.

No.

Industry/ Sector/ Product/ Service

CETA    Heading (wherever applicable)

1

Machinery and mechanical appliances used in defence, space and atomic energy

sectors excluding any ancillary item or items; Explanation. – For the purposes of this sub- clause, any company which is engaged in any item or items supplied exclusively for use under this clause, shall be deemed to be covered under these

rules

8401 to 8402; 8801 to

8805; 8901 to 8908

2

Turbo jets and turbo propellers;

8411

3

Arms and ammunitions;

3601 to 3603; 9301 to

9306.

4

Propellant powders; Prepared explosives (other than propellant powders); safety fuses;

detonating fuses; percussion or detonating caps; igniters; electric detonators;

3601 to 3603

5

Radar apparatus, radio navigational aid

apparatus and radio remote control apparatus;

8526

6

Tanks and other armoured fighting vehicles, motorised, whether or not fitted with weapons and parts of such vehicles, that are funded (investment made in the company) to the extent of ninety per cent. or more by the Government or Government

agencies;

8710

7

Port services of stevedoring, pilotage, hauling,. mooring, re-mooring,  hooking,  measuring, loading and unloading services rendered by a Port in relation to a vessel or goods regulated by the Tariff Authority for Major Ports under section III of

the Major Port Trusts Act, 1963(38 of 1963);

Not applicable

8

Aeronautical services of air traffic management, aircraft operations, ground  safety services, ground handling, cargo facilities and supplying fuel rendered by airports and regulated by the Airports Economic Regulatory Authority under the Airports

Economic Regulatory Authority of India Act, 2008 (27 of 2008);

Not applicable.

9

Steel;

7201 to 7229; 7301 to

7326

10

Roads and other infrastructure projects

corresponding to para No. (1) (a) as specified in Schedule VI of the Companies Act, 2013;

Not applicable

11

Rubber and allied products being regulated by the Rubber Board constituted under the Rubber Act,

1947 (XXIV of 1947).

4001 to 4017

12

Coffee and tea;

0901 to 0902

 

13

Railway or tramway locomotives, rolling stock, railway or tramway fixtures and fittings, mechanical (including electro mechanical) traffic

signalling equipment’s of all kind;

8601 to 8608

14

Cement;

2523; 6811 to 6812

15

Ores and Mineral products;

2502 to 2522; 2524 to

2526; 2528 to 2530; 2601

to 2617

16

Mineral fuels (other than Petroleum), mineral oils etc.;

2701 to 2708

17

Base metals;

7401 to 7403; 7405 to

7413; 7419; 7501 to 7508;

7601 to 7614; 7801 to

7802; 7804; 7806; 7901 to

7905; 7907; 8001; 8003;

8007; 8101 to 8113.

18

Inorganic chemicals, organic or inorganic compounds of precious metals, rare-earth metals of radioactive elements or isotopes, and Organic

Chemicals;

2801 to 2853; 2901 to

2942; 3801 to 3807; 3402

to 3403; 3809 to 3824.

19

Jute and Jute Products;

5303, 5310

20

Edible Oil

1507 to 1518

21

Construction industry as per pars No. (5) (a) as

specified in Schedule VI of the Companies Act, 2013 (18 of 2013)

Not applicable.

22

Health services, namely functioning as or running

hospitals, diagnostic centers, clinical centers or test laboratories;

Not applicable.

23

Education services, other than such similar services falling under philanthropy or as part of social spend which do not form part of any

business.

Not applicable.

24

Milk Powder ;

402

25

Insecticides;

3808

26

Plastics and polymers;

3901 to 3914; 3916 to

3921; 3925

27

Tyres and tubes

4011 to 4013

28

Paper;

4801 to 4802

29

Textiles;

5004 to 5007; 5106 to

5113; 5205 to 5212; 5303;

5310; 5401 to 5408; 5501

to 5516

30

Glass;

7003 to 7008; 7011; 7016

31

Other machinery

8403 to 8487

32

Electricals or electronic machinery;

8501 to 8507; 8511 to

8512; 8514 to 8515; 8517;

8525 to 8536; 8538 to

8547

33

Production, import and supply or trading of following medical devices, namely:-

9018 to 9022

(i) Cardiac stents;

(ii) Drug eluting stents;

 

 

 

(iii) Catheters;

 

(iv) Intra ocular lenses;

(v) Bone cements;

(vi) Heart valves;

(vii) Orthopaedic implants;

(viii) Internal prosthetic replacements;

(ix) Scalp vein set;

(x) Deep brain stimulator;

(xi) Ventricular peripheral shud;

(xii) Spinal implants;

(xiii) Automatic impalpable cardiac deflobillator;

(xiv) Pacemaker (temporary and permanent);

(xv) Patent ductus arteriosus, atrial septal defect and ventricular septal defect closure device;

(xvi) Cardiac re-synchronize therapy ;

(xvii) Urethra spinicture devices;

(xviii) Sling male or female;

(xix) Prostate occlusion device; and

(xx) Urethral stents:

 

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