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REGISTERED No. D. (D)-72

The Gazette of India

EXTRAORDINARY

PART II—Section 3—Sub-section (i)

PUBLISHED BY AUTHORITY

No. 216] NEW DELHI, TUESDAY, JUNE 28,1977 ASADHA 7, 1899

Separate paging is given to this Part in order that it may be filed as a separate compilation

MINISTRY OF LAW, JUSTICE AND COMPANY AFFAIRS

(Department of Company Affairs)

NOTIFICATION

New Delhi, the 28th June 1977

COST ACCOUNTING RECORDS (COTTON TEXTILES) RULES, 1977

G.S R. 417 (E)—In exercise of the powers conferred by sub-section (1) of section 642, read with clause (d) of sub-section (1) of section 209 of the Com- panies Act, 1956 (1 of 1956), the Central Government hereby makes the following ' ruled, namely —

1 Short title and commencement—(1) These rules may be called the Cost Accounting Records (Cotton Textiles) Rules, 1977,

(2) They shall come into force on the 1st day of July 1977

2 Application—These rules shall apply to every company engaged in the production, processing or manufacturing of any cotton textile by the use of power as defined in clause (g) of section 2 of the Factories Act, 1948 (63 of 1948). Pro- vided that where any company manufactures in addition to any of the cotton tex- tiles, any other product, such as man-made cellulosic spun fibre yarn, man-made non-cellulosic spun fibre yarn or art silk cloth, using the same plant or machinery fully or partly, these rules shall apply to such company also.

(1199)

1200 THE GAZETTE OF INDIA EXTRAORDINARY PART II—SEC. 3(i)

S Definition*.—In these rules, unless the context otherwise requires—

(a) "art silk cloth" means any fabric made wholly from art silk yarn or partly from art bilk varn and partly from any other yarn provided such fabric contains not less than 60 per cent of art silk yarn; (b) "cloth" has the same meaning as in clause (a) of the Cotton Textiles

(Control) Order, 1948,

(O "cotton textiles" means yarn or cloth or processed yarrv or processed cloth made either wholly or partially of cotton,

(d) "processed yarn and processed cloth" means any yarn and or cloth as denned in items (b) and (c) above which has undergone one pr more of the processes such as bleaching, dyeing, printing, mercerising, finish- ing and the like. This also includes the cloth processed by "Processor" as defined in section 3(g) of the Cotton Textiles (Control) Order, 1948, (e) "yarn" has Lhe same meaning as In clause (aa) of the Cotton Textile?

(Control) Order, 1948;

4 Maintenance of records—(1) Every company to which these rules apply shall, in respect of each of its financial year commencing on or after the 1st day of July, 1977, keep proper books of accounts containing inter alia, the particulars specified in Schedules I and II annexed to ihese rules relating to utilisation of materials, labour and other Items of cost in so far as these are applicable to the cotton textiles manufactured by it

Provided that if the said company is manufacturing any other product or is engaged in any other activity m addition to the manufacture of cotton textiles, the particulars relating to utilisation of materials, labour and other items of cost in so far as they are applicable to such other product or activity, shall not be included in relation to such cotton textiles

(2) The books of account referred to in sub-rule (1) shall be kept on a regular basis so as to make it possible to calculate the cost of production and cost of sale of the cotton textiles at regular intervals, say quarterly, during the financial year {hereinafter referred to as the relevant period) as well as for the financial year as a whole, from the particulars entered therein and every such books of account and the proformae specified in Schedule II shall be completed within ninety days Irom the end of the financial year of the company to which they relate.

(3) It shall be the duty of every person referred to in sub-section (6) and sub- jection (7) of section 209 of the Companies Act, 1956 (I of 1956), to take all reasonable steps to secure compliance by the company with the provisions of sub- rules (1) and (2) in the same manner as he is liable to maintain financial accounts under sub-section (1) of section 209 of the said Act

5 Penalty.—If a company contravenes the provisions of rule 3, the company and every officer thereof, who is in default, including the persons referred to in sub- rule (3) of rule 3, shall, subject to the provisions of section 209 of the Companies Act, 1956 (1 of 1956), be punishable with fine which may extend to five hundred rupees and where the contravention 3s a continuing one, with a further fine which may extend to fifty rupees for every day aftor the first day during which such contravention continues

SCHEDULE I

(See rule 3)

I Materials:

(a) Raw materials- (I) Cotton and man-made fibres,—Proper records shall be maintained showing all the receipts, issues and balances, both in quantities and cost of cotton, man-made fibres and filament yarn from man-made fibres used In the manufacture of cotton textiles Where cotton or man-made fibre or filament yarn made from man-made fibres, Is obtained from different sources including imports, records shall be maintained separately for imported and indigenous sup- plies variety-wise in such a manner as to enable the company to determine the quantity and cost of receipts, (including all direct charges upto mills) issues, and balance of materials. The names and specifications used for different varieties of cotton/man-made fibre/filament yarn from man-made fibre shall conform to the nomenclature and specifications as prescribed by the Textile Commissioner.

The records shall indicate the actual quantity and value of each variety of cotton oi other raw materials mentioned above, used in each mixing prepared /or maav lacturing different counts of yarn.

1201

(n) Waste—(1) Soft iraste —Proper records shall be maintained to show the quantity and realisable value of usable soft waste collected from each mixing in each cost centre of the Spinning Department, quantities re-uscd In each mixing used in the waste plant, if there be any, sold out with the sales realisation thereof and the balance lying in stock

Proper records Mhall be maintained to show the quantity and realisable value oi' other soft wastes such as droppings, sweepings, etc , collected from different cost centres of the spinning department, re-used in the waste plant, if any, Hold out with sales realisation thereof and the balance lying in stock The quantitv of this waste collected at regular intervals, say quarterly, during the relevant penod shall be reconciled with such waste for which due credit is afforded to the respective production/on technical basis/past performance/trial run during the said period.

(2) Hard waste.—Proper records iliall he maintained to show the quantity and realisable value of hard waste collected, lypewlse, such as superfine, fine, medium, coarse, etc separately from spinning department and pre-weavmg department, re- used in the waste plant, if any, sold out with the sales realisation thereof and the balance lying in stock The quantity of this waste collected at regular intervals, say quarterly, during the relevant period shall be reconciled with such waste for which due credit is afforded to the respective production on technical basis/past performance/trial run during the said period

Any waste cotton purchased for use m the manufacture of yarn shall also be recorded properly regarding receipts, issues and balances both in quantity and value

(ill) Yarn —In case the company is purchasing yam from outside sources for use in the manufacture of cloth, proper records shall be maintained showing all the receipts, issues and balances, both in cjuanlity and value. This record shall be kept count-wise, separately for carded and combed varieties.

(iv) In ease the company purchases cloth in firey stage for processing, proper records Shall be maintained showing the quantity and cost of such purchases, issues to professing and balance in stock, fabric-wise. Where the company receives cloth in grey stage for processing only, proper records shall be maintained showing the Quantity of such receipts, Issues to processing and balance in stock.

The records of these raw materials shall be maintained In such a way as may enable the company to fill up the particulars in Annexure IV, V, VA or VI as the case may be, specified in this Schedule vii,-a-r,s co-iton/man-made fibre/waste ana in' Proformae 'E' and 'L' of Schedule 11 for yam and cloth respectively or m any form as near thereto as practicable

(b) Sizing materials—Proper records shall be maintained to show the receipts, Issues and balances, both in quantities and cost, of each items of sizing materials such as starch, maize, tallow, gum, etc used in the different types of sizing solution used for sizing the warp yarn The cost shall include all direct charges upto tne mills wherever specifically Incurred In case the issues are made as per recipes prepared in advance, a periodic reconciliation between the actual material con- sumption and that as per "recipes" shall be made both in quantity and value. Separate records shall be maintained in such details as may enable the company to work out the cost of sizing materials required per kilogram of warp yarn sized These records are to be maintained in such a way as may enable the company to fill up the sizing material cost In Proforma 'E' specified in Schedule II or in a form as near thereto as practicable.

(c) Dyes and chemicals—Proper records shall be maintained to show the receipts, issues and balances, both in quantities and cost of each item of dyes and chemicals used for dyeing and printinR the various yarn and or cloth manu- factured and processed The cost shall include all direct charges upto the mills or processing house, wherever specifically incurred Thn issues shall be properly identified with the cost centres, departments mid ultimately with each sort of cloth processed as far as practicable In case the company resorts to the record- ing of consumption of these materials as p"r "recipe" In respect of each fabric, a reconciliation between the actual consumption and "rec.pe consumption shall be made periodically and necessary adiustments for variations are to Be inc cated in the cost records, Separate records shall be maintained in such dr as may enable the company to work out the mateilal cost of dyeing or r

1202 THE GAZETTE OF INDIA EXTRAORDINARY PART II—SEC Z(i)

each type of cloth processed so that such cO'=t can be filled up in Proformn 'L' specified in Schedule II

(d) Process materials/chemicals Desiring, souring, soounng, Ucachirg, finishing, mercerising and other materials—Proper iecords shall be maintained to show the receipts, issues and balances both m quantities and cost of each item of process materials /chemicals, such desizing chemicals, bleaching chemicals, finishing chemicals mercerising chemi- cals, tabulismg chemicals, etc. used in the piucessmg of cloth The cost i-hall include all direct charges up to the mills or piocesslng house wheievei specifically AICUI- red The issues shall be properly identified with the cost centies. departments and products manufactured Separate records shall be maintained in such details as may enable the company to work out process mutenal/chemjcal cost in each of the processing cost ceni res/departments, and to fill Tn relevant details in Proformae 'Gr, 'H', 'I' and 'J' specified in Schedule H

Where any of the dyes and chemicals and processing chemicals are produced by the company separate records showing the cost of manufacture of such mate- rial indicating the break-up of raw materials consumed for the production and conversion cost shall be maintained in such details as may enable the company to determine the actual cost of such materials produced.

(e) Recoveries of process materials and chemicals—Proper records shall be maintained indicating the quantity of materials or chemicals recovered from different processes. In the case of certain materials or chemicals thus recovered which cannot be re-used in the process due to lower concentration and arc sold, the realisations from such sales shall be recorded and adiusted against the cost of consumption of the respective materials 01 chemicals, if practicable, or other- wise adjusted against the processes concerned on a reasonable basis In case further processing is necessary to make these maieilalsi or chemicals uscablc or saleable, as the case may be, adeauate records of cost involved for such further processing shall be maintained. If such further processing is done by any out- side agency, records to show the quantity sent for processing, quantity processed and the cost involved thereon bhall be maintained in detail

(f) Consumable stores, small tools, machinery spares — (1) Proper records shall be maintained to show the receipts, issues and balances both m quantities and cost of each item of consumable stores, small tools machinery spares, bobms, pirns, shuttles, rollers, etc The cost shown shall include all direct charges upto the mills or processing house wherever specifically incurred

(n) In the case of consumable stores and small tools, the cost of which are insignificant, the company may, if it so desires, maintain such recoids for the mam group of such items

(111) The cost of issues of consumable stores, small tools and machinery spares, shall be charged to the relevant heads of account such as production, repairs to plant and machinery and repairs to buildings Materials consumed on capital works such as additions to buildings, olatit and machinery and other assets shall be shown under the relevant capital heads

(IV) Proper records shall be maintained to show the quantity and cost of items which are not forming part of the machinery and replaced as and when necessary, such as bfbins of all sizes, pirns, winding cones, cheeses, reels, sliver drums, rol- lers in frames, shuttles, etc , lying in the shop floor at the end of the relevant year in order to enable the company to arrivP at the actual consumption of such items during the re'evant year The method followed for charging the cost of the abovt items and adjusting the income, if any, derived from the disposal ofl any of the above items discarded, in the cost of the products manufactured shall be indicated in the cost records

(v) Sales realisation of old and discarded stores materials, scrap, etc shall be identified wherever possible with respective cost centres and credit given accord- ingly otherwise it shall be deducted from the common mill overheads

(g) Wastages, spoilages, rejections, losses, etc of materials—(i) Proper re- cords shall be maintained showing the quantity and cost of wastages, spoilages, rejections and losses of raw materials dyes and chemicals process materials, con- sumable stores, small tools and machinery¹ spares, whether in transit, storaget manufacture or for any other reason. The method followed for adiustlng the above losses as well aa the income derived from the disposal of rejected and

1203

waste materials including spoilages, ^ any, in determining the cost of products shall be indicated in the Cost records

fii) In the case of cotton and man-made fibre, records of wastage, spoilage and losses shall be maintained m such a way as may enable the company to fill up the particulars, for working out thr waste multipliers lor each mixing at periodic intervals, jn Anncxure VII specified in this Schedule or in any form as •near thereto as practicable.

(lii) Necessary recoids shall be maintained showing the quantity and realis- able value or hard waste derived in different departments, re-used, sold out and balance in stock Suihcient records to show the hard and soft waste used both, in quaniity and valur in ihe waste recovery plant for the manufacture ot yarn of very lower counts to be used in the manufacturP of waste blankets shall be maintained The method followed for adjusting the above wastage as well as the income derived from the sale of such waste in determining the cost of product shall ne indicated in the cost records The records shall be maintained m such a way as may enable the company to fill in the particulars in Annexure VIII(A) oi tins Schedule

(IV) Necessary records shall be maintained showing¹ the quuntity and cost of wastage in cloth produced, due to spoilage, etc rn various departments and told uut as waste The method followed for adjusting the above wastage as well as any income derived from the sale of such waste, in determining the cost of the product shall be indicated in thp cost records.

1204 THE GAZETTE OF INDIA EXTRAORDINARY PAHT II—SEC. ³ (V

in such detail as may enable the company to furnish the necessary particulars in Annexure I to this Schedule The cost of treated water allocated to the depart- ments concerned shall be on a reasonable basis and applied consistently,

(2) Steam.--- Where steam is raised by the company, proper records showing the quantity and cost of steam raised and consumed in various cost centres or departments for the manufacture of cotton textile products shall be maintained m such detail as may enable the company to furnish thp necessary particulars in Annexure II to this Schedule. The cost of steam consumed by the cotton textile products and other products or other units of the company, if any, shall be calculated on a reasonable basis and applied consistently

Where steam is raised and supplied bj any other unli of the company to the textile unit, the cost of steam so supplied shall be charged to the textile unit on a reasonable basis and applied consistently.

(3) Power,—Adequate records shall be maintained for the quantity and cost of power purchased. If any expenses are incurred for distribution of the power thus purchased, proper records to show such expenses shall be maintained

Where power is generated by the company itself adequate records shall be maintained to show the cost of power generated and consumed by the different cost centres, departments, etc. of the textile unit of the company, in such detail as may enablG the company to furnish thP necessary particulars in Annexure III to this Schedule.

Where power is generated and supplied by any other unit of the company to the spirming/weaving/processing departments of the textile unit, adequate records shall be maintained to assess the quantity and cost of power so supplied The rate charged by the supplying unit shall bo on a reasonable basis Necessary records shall be maintained to show the consumption of power by various cost centres or departments. The cost of power allocated to products shall be on a reasonable basis and applied consistently.

(4) HwnidlficaUon—Proper records shall be maintained to enable deiermi- nation of the cost of humidification and its distribution to different co°< -mtrex and departments,

V Workshop/repairs and maintenance

(1) Proper records showing the expenditure incurred by the workshop under different heads and on repalra and maintenance by the various cost centres and_ departments shall be maintained. The records shall also indicate the basis ol charcmt' the workshop expenses to diftcient cost centres, departments and units. Wherever maintenance work lS done by direct workers of any production cost centre, the waKes andTsalanPS of such men shall be treated as other direct expenses of the respective cost centre

Expenditure on major repair works from which benefit is likely to accrue for more than onP financial year shall be shown separately in the cost records indicating the method of accounting in determining the cost of vanous product manufactured during the relevant period

Expenditure incurred nn works of capital nntui> qhall bo capitalised The cost of such jobs shall include- the expenditure on materials, labour and due share of the overheads Thc jobs earned out by the workshop attached to the soinnimr weaving or processing departments, for other units of the company and vice-versa shall be charged on a ieasonabV basis and availed consistently

(2) r>r

1205

VI. Depredation;

(a) Proper records shall be maintained showing thP cost ftnd other parti- culars oi fixed assets in respect of which depreciation is to be provided. Thes" records shall inter alia indicate the cost of each Item of assets including installa- tion charges, if any, the date of its acquisition, the date of its installation and rate of depreciation In respect of those assets, the original cost of acquisition of which cannot be ascertained without an unreasonable expenditure or delay, the valuation shown in the books on the first day of the financial year beginning on or after commencement of these rules shall bo taken a:? the opening balance.

(b) The basis on which depreciation is calculated and allocated to the various cost centres atid departments and to the products shall be clearly indicated in the records. Depreciation chargeable to the different cost centres and depart- ments shall not be less than the amount of depreciation chargeable in accord- ance with the provisions of sub-section (2) of section 205 of tho Companies Act, 1058 (1 of 1956), and shall relate to plant, machinery and other fixed asSein in such cost centres and departments In the case of assets or group of assets on which depreciation is written off at the rate of 100 per cent in the relevant year, such depreciation shall be spread over the number of years during which benefit is derived from such assets or group of such assets. In case the amount of depreciation charged in the cost accqunts in any financial year is higher tha'a the amount of depreciation chargeable under the aforesaid provisions of the¹ Companies Act, fhe amount so charged in excess shall be indicated clearly in the cost records The cumulative depreciation charged in the cost records against any individual item o± asset shall not, however, exceed the original cost of the respective asset

The cost of items like copper-rollers used for printing fabrics, staintess steel frames used for dyeing yarn and the like, put into use during the relevant year shall be treated as "deferred expenses" and spread over the effective life of such items.

VII Overheads:

Proper records shall be maintained showing the various items of expenses comprising tho overheads These expense? shall be analysed, classified and grouped into mills or processing house (works), administration and selling and distribution overheads The methods followed for allocation of the above cate- gories of overheads to the Cost Centres, departments and absorption by the pro- ducts shall be indicated in the cost records

Where the company is engaged m the manufacture of ,anv other products in addition to cotton textiles, the records shall clearly indicate the basis followed for apportionment of the common overheads including head office expenses of the company to the cotton textile activity, other .activities and capital works In case Finy expense included in the above categories of overheads can he identi- l.^d wilh a particular activity or product, such expense shall be segregated and charged to the relevant activity or product in thp first instance and thereafter the remaining common expenses under the above categories of overheads shall bo allocated on a reasonable and equitable basis and applied consistently

The details of administrative, selling and distribution overheads and the amounts apphcnbip to yarn cloth and processed cloth shall be maintained in such a manner as to enable the company to fill up the particulars in the cost of production and cost of sale statements of each count of yarn/typ" of cloth and processed cloth (fabric-wise) in Proformao 'B' and 'C\ 'E' and 'F', 'L' and 'M' specified in Schedule II- respectively,

VIII Expenses on export:

Proper records showing the expenses incurred on the export item of cotton textiles, if any shall be separately maintained so that tho cost of export sales can be correctly determined for each type of the product exported

The expenses incurred on cxrxirtg as well as anv export incentives, such as cash subsidy, drawback duty and benefit derived out of the import entitlement licence issued, etc, if any, shall be reflected separately in the cost of soles state- ments relating to export sales.

IX, Packing:

Proper records shall be maintained showing the quantity and the cost of various packing materials such as hessian cloth, polythene paper, paper boards,

1206 THE GAZETTE OF INDIA EXTRAORDINARY PAIIT II—SEC. 3 ( I)

packing boxes, mild steel wires, hoops and buckles used for different types of packing of yam, cloth and processed cloth separately. In the absence of actual consumption of such materials for each typp of packing, apportion- ment of material cost shall be made on the basis of quantity requirement as par standard specifications In such cases, reconciliation of major material cost as p"r standards and that as per actuals shall be made periodically, say quditerly Records shall also be maintained showing tnP other expenses incurred in respect of packing Where expenses are of a gcneial nature and cannot be identified directly with the types of packing, apportionment of such expenses to the different typea of packing shall be on an equitable basis and the basis of such apportionment shall be clearly indicated in the cost records and applied consistently. The records shall be kept in such a manner a3 to enable the company to fill up the particulars m Proforma 'K' specified m Schedule II.

_ , t | M%

Separate records for expenses incurred

X, Research and Development expenses:

Proper records showing the details of expenses, if any. incurred bv Ihe company for research and development according to the nature of such research, namely, development of products¹, existing and new. processes of manufacture, existing and new. design and development of new" olant facilities, market research for new products, etc. shall be maintained separately. The method of charging these expenses to the Cost of products during anv year shall be indicated in the cost records. Wherever the utilitv of such research extends over more than one financial year such expenses shall be treated as "deferred expenses" and charged to the cost of the products on somP equitable basis which is to be followed consistently.

XI Yarn/cloth to grey stage for self-consumption:

Proper records shall be maintained 'showing the auantity and cost of each item of yam and cloth transferred to another department/unit of the com- pany for self-consumption. The rates at which such transfers are effected shall be at cost.

XII Work-in-progress and finished sroods stock:

Adequate records shall be maintained showing the cost of work-in-progresa in each productive cost centres of the spinning, weaving and processing depart- ments of the company Proper records showing the opening stock, production, issues for further processing/sales and closing stock of all the finished pro- ducts like yam of various counts either carded or combed, cloth of various constructions and processed and finished cloth of various constructions, designs, etc., shall be mnintained.

The method followed for determining the cost of work-in-progress and finished goods stocks shall be indicated in the cost records so as to reveal the cost elements that have been taken into account in such computation The method adopted shall be followed consistently,

XIII. Cost statements;

1207

cloth in' grey .stage, the cost of salen statement showing the actual cost of sales of such cloth sola, construction-wise, shall lie maintained In ProLoimi 'F' speciiled in Scheduled II

(d) Cost statements showing the cost of production m respect of all soitg of pioccsscd and finished cloth shall be maintained in proforma 'L' specified in Sche- dule II Cost statement shall bo maintained in respect of each sort of cloth cons- truction-wise in the said proforma The cost at sales statements in respect of different sorts of processed cloth sold shall be maintained showing the actual cost or sales and sales realisation thereof in profoima 'M' specified in Schedule II.

(e) HI (.J50 it is not possible to make such data for all sorts the cost ol produc- tion and cost of sales of cloth in grey stase and processed cloth in Proformae 'E', 'F', 'L' and 'M' respectively shall be maintained in respect of sorts which are pre- dominantly produced and which forms !i per cent or more of the monthly produc- tion aiid represent all categories of cloth like sarees, dhotles, voils, etc. produced b\ ("ho mill This data, on an overall basis, shall cover not le^s than 75 per cent of the lotal proiiuhon/sales during the period. The same data regarding the lest of the sorts ol cloth produced or sold shall be Riven in total in the above said pro- formae Overall reconciliation of production cost, cost of sales and sales realisa- tion shall bo mad'i with financial accounts for the relevant period. Adequate re- cords shall be maintained to enable the company to fill in the actual average sales realisation per unit for each sort covered in Profromae 'F' and 'M'. However, the mill/company .shall keep adequate records showing the quantify of production and saU" of each sort in detail

In the case of controlled cloth, however, the cost data required shall be given for each sort in the said proformae

(f) Export of yarn/cloth/ingrej stage/processed cloth shall be exhibited separate- ly in the relevant cost statements and the -same shall be excluded from the cost statements meant for sale m the internal market Value of export incentives, if any, shall be shown in the respective cost of sales statements,

(g) The transfer of finished product which forms the ray materials for subse- quent products shall be made at the cost of production of fluch finished products-

XIV, Production records:

Quantitative records of all finished and packed production. Issues for further processing, departmentwise, issues for Bales and balance in stock both packed and- in pre-packed condition of (1) different counts and types of yarn (both grey and processed) (2) all sorts of cloth mgrey stage (8) all sorts of processed and finished cloth produced shall be maintained by the company In the process department, the production of different machines, count groupwise and variety-wise only need be kept The cost of all finished and packed production may be kept in detail. Details of the quantity of cotton blankets produced, if any, from waste cotton shall also be kept in the cost records. Adequate records to show the production of yarn/ cloth in grey stage processed cloth In various stages of production in the respective intermediary productive departments shall also be maintained.

XV Reconciliation of cost and financial accounts

The cost records shall bo reconciled preferably periodically with the financial books of account so as to ensure accuracy Variation, if any, shall be clearly indicated and explained. The period for which such reconcilia- tion is effected shall not exceed the period of the financial year of the company The reconciliation shall be done in such a manner that the profltabllitv of the pro- duets under reference can be correctly adjudged and reconciler! with the overall profits of the company.

A statement showing the total expenses incurred and income received by the company under different heads of accounts and the share applicable to cotton tex- tile activity of the company shall be made In Proforma 'N' specified in Schedule II giving therein the basis of allocation of the total expenses and Income duly recon- ciled with the financial accounts for the period.

XVI Adjustment of cost variances'

Where the company maintains cost records on any basis other than actuals, such as standard costing estimated cost, etc., the records shall indicate the procedures followed by the company in working out the cost of products under such system. The method followed for adjusting the cost variances for determining the actual

1208 THE GAZETTE OF INDIA EXTRAORDINARY PART II—SEC. 3 ( I)

cost of the products shall be dearly indicated in the cost records. The cost vari- ances shall ba shown against the relevant heads in the respective proformae of Schedule II The reasons for the variances shall be detailed in the cost records.

XVTI. Records of physical verification;

Records of physical verification shall be maintained in respect of all items held' in stock such as cotton, synthetic fibre, yarn, etc , dyes and chemicals processing materials, machinery spares, fuels, finished goods*, copper cylinders printing screens, yarn dyeing spools etc. and fixed assets Reasons for shortages /surpluses arising out of such verification and the method followed for adjusting the same In the cost of the products shall be indicated in the records.

XV11I. Inter-company transactions:

In respect of supplies made or services rendered by the company to its holding company or subsidiary or a company in the same management as defined in section '370(IB) of the Companies Act, 1956, or a company in which a director of the com- pany is also a director in such companies and vice versa, records shall be maintain- ea showing contracts entered into, agreements or understanding leached in respect of

(a) purchase and stile of raw materials, finished products (yarn/cloth in grey stage processed cloth etc ) process materials, chemicals, dyes and rejected goods including scrap, etc.

(b) utilisation of plant facilities (c) supply of utilities fd) administrative, technical, managerial and any other consultancy services.

These records shall also Indicate the basis followed for arriving at the rates charged between them so as to enable determination of the reasonableness °f the rates charged 01 paid for such services

XIX Statistical records:

Particulars of contracts entered into for purchase of cotton and sale of finished goods shall be maintained in detail Indicating separately the percentage of commis- sion, carrying cost. etc. Data regarding available and actually utilised spindle tihifts/looni ahltts/machine shifts in the spinning, weaving and processing depart- ments respectively, as well as related data in sub-production centres of such departments shall be maintained The reasons for stoppages and under utilisation under classified headings shall also be recorded Records showing yield of yarn estimated and actually obtained from each type of mixing of cotton used for yarn production, production of yarn per spindle shift for each type of mixing for each type of frame used, pinduction of different Machines count groupwlse and varle- tywlse in the processing departments speed and efficiency of all the splndles/loom/ other machines wherever necessary for calculation of cloth cost m each production cost centres, etc. shall also be kept. Records detailing the method of ccntrol exer- cised by the company in respect of efficiency in each productive department like spinning weaving, processing, etc, losses, rejections, wastages in process shall also be maintained.

Such records, as will enable the company to identify, as far as possiblej capital employed separately for yarn/cloth mercy stage/processed cloth, shall be Kept. Fresh investments on fixed assets that have not contributed to the production during the relevant period shall also be indicated In the records.

Detailed records showing the quantity and sale proceeds realised, for every variety of yarn/cloth ingrey stage processed cloth sold during the relevant period shall be maintained, as to enable the company to determine the actual sales realisa- tion per unit of the product sold.

Statistical and other records maintained m compliance with the provisions of this Schedule and Schedule II shall be such 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 costs and to provide the necessary data required by the cost auditor, to suitably report on all the points referred to In the Cost Audit (Report) Rules, 1968.

The data maintained In the cost records shall be reconciled with the various returns submitted to the Textile Commissioner and Central excise authorities, under the various control orders and notifications Issued from time to tiine In respect of cotton, yarn and processed cloth

1209

ANNEXURE I

Name of the Company

• ~ —

"Name and address of Mills/Processing House • • •

Statement showing the cost of water treated {consumed during the year ending ——

Quantity of water treated —• — — —

Amount

Particulars

Rate/ Unit

SI No

Qry.< consumed (Units)

Cost per Kilo litre of watci treated Rs

Rs.

R8.

(6) (O

(4)

(5)

(3)

( 2)

Water royalty Chemicals

•^*

7. S

fai (b) (ol Stores Power Salaries and wages Repairs and Maintenance Mill overheads Depreciation

„

~—

Total

Less credits, if any

Net Total

Nn of uniti.

Co isumption for

Amount (Rs.',

(i) Boiler House (Steam) (2) Power ,, C3¹) Other Service Departments (4) Sizing (5) Singeing & desizing (6) Bleaching (7) Dyeing (8) Printing (9) Scentenng (10) Mercerising (11) Others

(12) . . .

NOTES.—(r) If treated water is supplied to any other outside party, necessary credits for re' covenes made shall be given against item 9.

(2.) Where water meters arc not installed consumption of treattd watci si nil re ts- sessed on a reasonable basis and applied consistently.

(3) Bonus to employees, other than incentive bonus, provision for statutory grntimy and interest charges shall be shown in cost sheets for final products "hl'e } n r/ grey doth/processed cloth in proformti ' C, ' F' and 'M' respcciuely only

12 ro THE GAZETTE OF INDIA EXTRAORDINARY PART II—SEC. ³ (⁰

ANNEXURE II

Name of the Company — — _ _ __ __—.—. _ __ _ .—. ,

Name and address of the Mill/Processing House —•—.- •—• •

Statement showing the cost of steam raised Consumed during the year ending > •——•

No of Boilers untalU'd and capacity—• ——•——••—————•———No Tonnes

No oi Hollers used on an average and quantity of bteam raised—•— . No Tonnes

Paiticulars

Amount

Rate/ Unit

Qty (Units)

Cost per tonne ol Steam

raised

Rs.

(5)

( 2)

(4)

(3)

i. Water

2 Fuels

(a) Coal (b¹) Fuel Oil (c) Elcctiicity (d) Other fuel, if any (to be

specified;

3 Other direct expenses (such as Boiler Inspection fees, etc.)

4. Consumable Stores 5. Salaries and WageB 6. Repaira and Maintenance 7. Mills overheads 8. Depreciation —

Total —

9. Less '.

(a) Cost of--live steam used by Power House for generating electricity

(b) Other units of the company

(Net) — 10. Cost of live steam •—-

Consumed in

Units A

[mount Rs.

Kg.

(1) Humidification of spinning and weaving Sections (2) Bleaching (j) Dyeing _ (4) Mercerising (5) Calendering (6)

NOTES.—(1) If steam is supplied to any other outside partyj necessary credit fci ieoovenes shall

be given against item No. 9 (b).

(2) Where Meters arc not installed, consumption of Bteam shall be asse^ed on a

reasonable basis and applied consistently,

(n) Bonus to employees other than incentive/productive bonus provision for statutory gratuity and interest charges shall be shown in cost sheeffor final products like yarn'grey cloth/processed < loth in profoma'CYF* and ' M' respectively.

(4") Where water is treated by the company and then used cost of water shown againBt

item 1 should be as per Annexure L

I2II

A N N E X U RE I II

.—.—• ———• —• • — •• •———•—

N a me of the Company N.itne and address of Mill/Processing House

Statement showing the cost of power generated!p ir^luseJ and consumed dmthg the year ending

Number of uniti generated Kwh

Number of units puichascd Kwh

Consumption in power house including other losses Kwh

Net units consumed by other Deptte.

Particulars

Amount

Rate per unit

Qty

consumed

Cost pej unit of power generated/ purchased

Rs.

(3)

(5;

(i)

A. T. (a) Steam fap per Annexure Il/purchascd) (b) Othci materials, if any (to be specified)

2. Consumable Stoics 3. Other Ditect chaigcs (such as electricity duty etc). 4. Salanes and wages

^.- —

—— —

5. Repaus pnd maintenance 6. Oveiheads 7 Depreciation Total

8. Less credits foi supply to other units

of rhe company

9. Net cost of power generated

B. 1. Purchised power

Total of A -j- B Cost per unit — _ _ _ — „—

Consumed in

Mo. of units Kwh,

Amount Rs.

(1) Blow room (2) Carding (3) Combing

(4) Drawing (5) Inier/Roving (6) Frumei (7) Winding (8) Wflrping& sizing (9) Weaving (10) Singeing (11) Shearing (12) Dyeing (13) Bleaching

1 2 12 THE GAZETTE OF INDIA EXTRAORDINARY PART II—SEC. 3(1)

( I)

GO (3) (4) (5)

(14) Printing (15) Calendering (16) Mercerising (17) Steam generation (18) Water treatment

(19) Waste plant

(20)

(21)

. ,——

Total :

MjTtfj,—.'1) G lit p?r uait generated shall be worked out with reference to the net unit of power available for use after deduenng consumption in the power house/own generator and othei losses.

12) The pjwer generated by" own generators also should be treated as power gi-ntrated. Fu:l oil consumption for such generation should be shown against item 1 (b). f3) Where Meters are not installed consumption of power by the different cott centres/ departments shall be assessed on a reasonable basis and applied consistently (4) Bonui to employees other than Incentive bonus, provision for statutory gratuity and Interest charges on borrowings including debentures shalj be ihown m the cost sheets for final products like yarn/grey doth/processed clcth in pioformac 'C, '¥' & 'M* respectively only.

(<;) Realisation, If any, bv sale of Power to outside parties ere. shall be shown separately ugaui't item 8.

ANNEXURE IV

. . ..

Name of the Company Name and address of the Mm

Statem ent showing the quantity and value of total Mtton'Man-made Ftbreisstu-dforthe manufacture ofcard-d or amtbed yarn manufactured,

composition AUx. tnseandc-orrespondingproductionfor the year ending ,. .
Mining 'B'

Total

Mixing C/D/E etc

Mixing 'A'

S. No.

Particulars —

Amount

Amount

Rate

Amount

Amoun t Qty

Qty.

jn

Rs

Rs.

Rs.

Rs

Rate pet kg Rs.

Rs.

Qty m kg.

Rate per kg.

kg.

in kg-

Qty. ir kg.

Rjte per kg- Rs

Rs.

i I. Composition of mixing Cotton!

Man-made Fibre

(a) . . .. • (b) • • • CO -.- (d) • •

[I. Purchased Cotton Waste

( a ) .. .. (b) •

III (A*) Own Waste (used in same

maw)

(al . . . (b; .. . . • • (B) Own Waste of Higher mtxmg<

if any. (a) ( b ) . .. •

IV. Total

2 Distribution

fa) Issued for combed yarn [hi Issued for carded yarn

Total . . ..

1 2 1 3

M i x i ng ' A'

Mixing C/D/E etc

Total

Aiixing 'B'

Qtv. in C o u n ts Q l y. in

Qt\- in

S. No.

Particulars

i-3

hanks

Counts Qty in hanks

Qty in kg

Qty-in kg.

"kg

Counts Qt>' in

hanks

Description of count': of yarn produced

from Different Afiapi?-

A. I f o r /i y a rn

f i) C a r d ed . . .. (2) C o m b ed •

j—r B. Weft yarn

12; o {1) C a r d ed . . .. (2j C o m b e dj if a ny

> T o t al

NOTES—C¹) In case own waste is used without rounng the same through the waste godown it should be sh^wn separately.

> o S)o

1—I

K; (2) The rates adopted for own waste should be reasonable and basis adopted shall be conslstenf. (3) The names of mixings given are illustrative only. (4) Nomenclature of variety of cotton used should be as adopted by the Textile Commissioner. (5) In case the company is having its own ginning units the cost of ginning and pressing with t ie res pecave sales rea'isation on c 'tton seeds shall be

separately kept with full details of cost.

(6) Where yarn produced is measured in hanks, the quantity both in hands and kg shall be indicated in the preforms If xhe same is measured in kg.

quantity in hanks need not be given.

i r

ANNEXURE V

. .. . .

me of the Company . . .. • ame & address of the Mill • . .

Siaiement showing thetrtput, wastages and output m each processing Cost Centre ttpt* yarn stage, for carded and combed yarn production for the

yearemUng .

(Refer to Annexztre VI & VII).

Mixing

Total

M i x i ng ' A'

M i x i ng ' B* 'C

Mixing 'D'

'B'

S.No.

Particulars

kgs. kgs.

kgs.

kgs. kgs.

kgs.

k g s.

af /O

0/ JO

0/ la

0/ >a

i. I. Blow room

(a) Opening cotton in process • (b) Add. Total cotton e tc issued as per Annex. IV (item IV) - (c) Total (d) Deduct—total laps produced (e) „ Waste collected / Saleable

\ Usable •

(f) „ Closing stock in proress in blowing room (g) Balance invisible waste • • • • • .-

II. Cardinp :

(a) O p e n mg s t o ck in p r o c e ss in c a rd r o om ( b) A d d. L a ps r e c e i v ed . _ . . . ,. (c) T o t al : ( d) Slivers p r o d u c ed in K g. . . . . .. (e) W a s te C o l l e c t ed / S a l e a b le

\ U s a b le

(f)- C l o s i ng stock in c a r ds

III. Combing :

( a) O p e n i ng s t o ck in p r o c e ss of c o m b e rs . . .. ( b) A dd : S l i v e rs r e c e i v ed f or c o m b i ng . . .. ( c) T o t a l.

V -1

3 4 5 7 8 9 ¹⁰ II ¹² 13 14 15 16 18 M

(d) Combed slivers produced /Saleable . (e) Combed waste collected \ Usable .

o (0 Cloting stock in ambers . . .

IV.

I . Drato frames (a) O p e n i rg s t o ck in p r o c e ss in / C o m b ed

D r aw f r a m e s] \ C a r d ed

o ( b) A dd : ( a) C o m b ed s l i v e rs r e c e i v ed . . ..

M ( b) S i l v e re r e c e i v ed d i r e c t ly f r om c a r d i rg

> \ C a r d ed (d) C o m b ed slivers d r a wn (e) C a r d ed slivers d r a wn (f) W a s te c o l l e c t ed / S a l e a b le . . .. \ U s a b le . . ..

(g) C l o s i ng stock of c o m b ed slivers . . . ..

( h) C l o s i n g s t o ck of c a r d ed slivers

inUn :

i i (a) Opening stociin Inters : (•) Combed slivers (b) Carded slivers

(b) Receirtejfrom Draw frames :

(a) Combed (b) Carded

\ ( b) Carded

i.wp

(d) Transfers to Roving

u (a) Combed (o) Carded

(e) Transferred to Rj g frames

(a) C o m b ed (b) C a r d ed

CO W i n re c o l l e c t ed / S a l e a b le . . .. \ U s a b le . . ..

(g) d o s i ng stock in I n t er

(a) C o m b ed

VI. Roving :

(a) Closing stock in roving

(a) Combed (b) Carded

Cb) Receipt of combed yam from Inter/Slubber etc

(d) Total : /Combed \ Carded

Ce) Closing stock /Combed

\ Carded

(f) Waste collected /Saleable

\ Usable

(S) Production transferred to tjng frames

Combed Carded

VIL Ring frames:

( a) O p e n ng s t o ck

( a) C o m b ed . . . . . . .. ( b) C a r d ed

1 2 1 ^

3 4 5 6 7 8 9 ¹⁰ ¹¹ ¹² 13 14 15 ¹⁶ 17 ¹⁸ 19

M 00

(b) Receipts / ( a) C o m b ed \ (b) Carded (c) T o t al : / ( a) Com'-ed \ ( b) Carded

n ( d) ( i) Waste c o l l e c t e d: / S a l e a b le . . ..

\ Unable . . ..

H H W \ C a r d ed

O (f) P r o d u c t i on of finished y am

(a) C o m b ed . . . . . . .. (b) Carded

Mz a

Total Waste 'A' (Jrom carded yam produced)

o ( a) T o t al c o t t . on i s s u ed as p er A n n e x u re IV . .. ( b) L e es T o t al y am s p un „ „ ( c) B a l a n ce ( d) A d j u s t m e nt o f - o p e n i n g& c l o s i ng ( +) ( —)

C o t t o n / M a n - m a de fibre in p r o c e ss . . ..

( e) T o t al w a s te

( f) 'e* as a % on ' b'

'B* From eonibedyarn production

(a) .Total cotton i6S".ed as per A n n e n i r e lV

(b) Less Total yam spun „ „

. ..

CO (d) Adjustment for opening & closing Cotton/blended fibie in

process ( + ) ( —)

a (e) Total waste (£) CC as a % on ' b'

3 4 5 6 7 8 9 ¹⁰ ¹¹ ¹² 13 14 IS 16 17 18 19

3. Break-lip masts collected

(a) Vttibie

(i) Saleable (2) Usable (3) Total Vimble

(b) Invisible

(d)

Notes:—(1) Wffite collected to beghowBegriai ttem 3 should include only wastes collected upto and including spinnjDgsJtge.

(2) The Cost Centres shown are illustrative only. (3) On the basis of quantity of waste formed (collected &lo"t)in each Cost Centre waste percenUges for that Cost Centre on the net input of each Ccai Centre shall be calculated and shownin the respective columns. Frtan these percentages the waste multiplier foreichnax shall te calculttcd aod shown in Anuexnre VII.

(4) Data regardin^ajleabieaad usable waste shown under item 3 shaUbe cottectedra soctia manaerss wrfi etebteto fill in the 4etul" in Anne- sure VI.

ANNEXURE V(A)

ameof the Company

Name and address of the Mill

Statement shaming the input, wastages and output in the spuaatg department far yarn production for the year ending

(Refer to Amtexun VII & Proforma 'BT).

Mixing

Mixing Mixing Mixing Mixing

Mixing

Mixing A

Mixing B C

Mixing D

E -

kgs.

SI. N c. Particulars

kgs.

% %

% kgs.

kgs.

% %

% % kgs-

kgs. Ik

f—I

5 6

13 14

i. (a) Opening work in-progrew (In all forms) . (b) Add total cotton issued as per Annexure IV (c) Total (d) Consumption . . . . . . .. (e) Closing work-in-progress in all fonns .

Waste :

(a) Reusable vwu coQeeted from :

I 5 ( i) B l ow r o om ( 2) C a r d i ng ( 3) C o m b i ng . . . . . . .. ( 4) D r aw f r a m es (5) Roving (6) Ring frames

(b) Other wastes collected from :

(1) Bk>w room . . . . . . .. (2) Carding

(3) Combing (4)TDraw frames (5) Rovingl "^ (6) Ring ftames . , , , , , ,,

(2) ( 3)

r o t i i/ t u a r te . . . . . . ..

(e) Production (i) Carded (2) Combed (3) Total

Total consumption 2(d) & 2 (e-3)=i(d) . . ..

(f)

NOTES —(i) Reusable waste collected shall be shown against 2(a) on actual basis Mixingwise. In case of other wastes including invi&ibie waste, if actual waste formed mixing wise is not available the data may be given on Technical basis/Trial run/past perfennance. In such cases re con all lation of total of such waste collected and accounted for penodicailj shall be shewn in the ccst reccads.

(a) The Cost Centres shown are illustrative only.

(3) On the basis of quantity of waste formed (collected and lost) in each cost centre waste percentage fci each cr st centre c n the net inptu shall be shown in the respective column. From these percentages the waste mutapltefor each mixing shall be calculated and shown in Annexure VII.

(4) Data regarding waste collected shall be in such a manner as will enable to fill in the details in Annexure VL

ANNEXUREVI

Name of the Company

Name & address of the Mill

Statement ihomsg tbe net Mtx-we cost for the year aiding

(Refer Profenm 'B")

K w O

SI.

Mixing 'A'

Mixing'B'

Mixing "C

Mixiiig'D'

Mixing

Total

Amount

No.

Amount

Amount Particulars

Araomrt

Amount

Kg.

Amount

Kg.

Rs.

I. Total

as

1 cost of cotton/synthetic fibre

per Annexure IV—Item i.(IV)

I-H

2. Cost

per Kg. of the Mix (Gross)

3. Less credit for waste collected as

per Annesure V(V-A),

(A) Waste laaik m same Mixing <•) (b) (c)

JTorte asabk in kraer nmstrig

(B)

D Si > S0-

(*)

(C)

i—r OiAer niaSM (So/t) C") (*) (c)

CD)

a Olher wastes (.Hard) (a) 00 W

Total of K, B, C & D.

Adjustment for coa^rariancej

Net cost of cotton/synthetic fibre

consumed

6. Net cost per Kg. of the Mixing.

NOTES.—(i) The classification of waste shall be according: to the usual practice of the company based on sales realisation.

(2) The values adopted for waste shall be reasonable and the basis for adopting such values shall be followed consistently. (3) The names of Mixing given are only illustrative. (4) In case the company is following standard costing the variation between the actual and standard ccst of cotton (net) consumed foreack Mix is to be adjusted and such adjustment shown separately under item 4 in this Annextire to amve at the actual net erst per kg. of the Mixing (5) Waste collected shall be accounted for nrixingwise on *ctaaj basis as far as practicable. Otherwise the usabk soft waste at least shall be ac- counted ftr misingwisc on actual basis and ether wastes en technical/past perfennance/trial TUH batis,

(6) All usable waste shall be collected and accounted for on actual basis except when such waste is in the production of the same lot of the s a me TTU-K*¹^

l-t

1224 THE GAZETTE OF INDIA EXTRAORDINARY PART II—SIC. 3(i)

ANNEXURE VII

Name of the Company , •

Name and address of the Mill

Statement showing waste multipliers for each cost centre Mixingwise for the year ending

tn Spinning Department Refer to Anntxure IX)

Mmng 'A'

Department

Mixing 'B* SI. No.

% on loss

Kg.

Kg.|

Waste multi- plier

I 2

Blow room Carding Combing Draw frames Inters Rovcrlng Ring frames

3 4 5 6 7 8

r*~ Mixing ' D'

Mixing 'C W

Mixing"" Mixing

%on loss Kg.

Kg.

%on loss

% on loss

Waste multi- plier

NOTES—1. In case in any mixing a portion goes through combing and both Inter or Roving or through only one sucn operation waste multiplier shall be worked out separately for the same.

2. % on loss shall be as per Anncxure V or V(a).

3. Co3t centres given above are illustrative only.

4. In the case of companies considering waste on any other basis than actuals adjust- ment for overall usage variance shall be shown separately and considered while calculating the waste multiplier of each cost centre for each mixing.

1225

ANNEXURE VIII

Name of the Company

Name & address of the Mill

. .—

Statement showing production in Kg. per Machine shiftjSptndle shift for each Mixing and

the respective conversion cost per Kg- for the year ending (Refer Anncxurc IV)

Departments

Mixing 'A'

Mixing 'B* SI. No,

Conversion cost per machine

Conversion cost/Kg, Rs

Production in Kgs. per machine i Bhift/spindle

Production

inKgs.

per machine

Bhlft/spindlc •

shift

• shift/splndle Shift as per Proforma 'A'

Conversion cost per machine shlft/spindle shift as per Proforma "A*

Cur- Pre- rent vious year year

i 3. 3- 4, 5- 6. 7. 8. 9-

Mixing and blowing Carding Combing Drawing Slabbing Inter Roving Ring frames Total

Mixing D/E/F Mixing 'C

Production

Conversion 1

Production in Kgs. per

Conversion ( cost/Kg.

in K$s. per machine

Conversion cost per nachinc

Conversion cost per machine

machine

Conversion Cost/Kg. Rs.

cost/Kg. Rs.

K8. 1

: shift/

spindle shift

shift/spindl" shift as per Proforma

spindle shift

Cur- rent

Pre- vious

shift/splndli shift as per Proforma 'A' ,

•A'

year

Pre- vious year

Pre- vious year year

11a

14a 8

14 9

NOTES.—C¹) Names of mixing and departments arc illustrative only.

(2) Piece rate wages wherever paid shall be shown separately under 'Conversion Cost per Kg.' and the total conversion cost per Kg. shall be taken while filling up Annexurc IX.

(3) Adequate records shall be maintained to show the production o f y a rn at various- stages per machine shift/spindle shift for each count in respect of warp yarn ( o r d- ed & combed) weft yarn, separately.

AkNixuRfi vra (A,

1-1 W W

Name of the Company

" '

Name and address of the Mill' _ _^

Statement showing hard vaste collected in vxaving preparatory md Weaving Departments far Out year tiding {Refer prrfoma '£*)

| Warping

Weaving

Total

Doubling^

Reefing

Drawing

W lading

Partial lax s

Pirn

winding

SI. No.

% to be applied in pro- ductkn

Kg.

Kg-

Kg.

J-H

I—<

I. Course

2. Medium

Fine

Superfine

Others (to be specified)

6 Total

Input

NOTES.—(l) Appropriate waste percentages shalibe adopted while working out the re
t—fr (2) Appropriate waste percentage stall be applied wtafc woibng

(3) In case of companies adppting technical b^dsiyT accounting the Birrf Waste ia pjoduction of each type of product rec naliaii.nof juchwaste

account for in production and that actasfiy coliecte4 typewise sfeallbe made periodically acd ihewn m ccstreccrdi.

(4) Department given are illustrative only.

ANNEXURE DC

, . •

Carding

Hanks

Waste

Counts

Conver-

Mis- ing

nwlt' plier as

Conver- sion cost/

• Waste Conver- ™ —- multi- sion plier cost as per per Kg. ae

sion \. cost per Kg. as

Conver- sion cost/ Kg. to be applied

per

Conver- sion cost Kg to be appli- ed

Annexnre VII

Waste multi pher as per Annex. VII

^uto be applied

Annerure

sion cost per Kg, as per

Conver- sion cost per Kg. as per Annex. VIII

. P" Annexure VII

VIII

Waste multi- plier as pet Anne sure VII

. P" Annexure VIII Annex. VIII

— - "

.—,———•

Spinning

Roving

- Total

Inter

•

Previous year total coversion cost per kg. applied

conversion cost per kg. to be applied

Con- verison cost

Con- version cost

Con- version cost per kg. as per

Com- Carded bed yam yarn

per kg. to be applied

Com- Carded bed yam yarn

per kg. to be applied

mnltt- version pher cost as per per kg. Anne- to be xore applied VIII

Waste mniti- plier as per Anne- xure VII

. Con- version cost per kg. to be applied

Con- version cost per kg. as per Annexure

Waste multi- plier as per Anne- xure VII

- Slabbing Waste multi- plier as per 1 Anne- : xure VII

Con- version cost per kg. as per! Anne- xure vin

•

per kg. as per Anne- sure v ni

Anne- xure VIII

30 3i vui

Con- version cost per kg. to be app- lied

28 29

^—i

——

—. —22

—

24 25

————

.— •

——^^~- — ^

1 2 2 7

& S S S0^ ^ ^^ all o^ons,

SCHEDULE tt

to to 00

(5"r rale 3)

PROFORMA 'A*

Name of the Company ' • —

Name & address of the Mill •

Statement shooing Cost Centremu convenion cost upto and including spinning for the year ending

Combing Drawing

Carding

Slubbing Inter Roving

Total Particulars

•• Serial No.

Mixing& Sowing

Ring frames

I-H

A. 1. Machine shifts/Spindle shifts,

(converted 8 Hrs. shifts)

(1) Available (2) Worked

2. Production in Kgs.

s Average production in Kg.'

Machine shifts/Spindle shifts

Expenses

1. Direct wages & Salaries

Rs.

Ga) Time rate wages (6) Salaries

I—i

Utilities

   3.  Consumable  Stores
   4.  Bobins,  Pirns,  etc
   5.  Repairs  &  Maintenance
  6.  Other  direct  expensesj  if  any,
        (to  be  specified)
  7-  Mill  Overheads
  8.  Depredation
  9-   Share of Administrative  Over-
          beads
 1 0. Research  &  Development
  I I. Adjustment  for  conversion  cost
        included in opening and  dos-
        ing  W.LP.,  tf  any.
 1 2. Adjustment  for  cost  variances
 13.  Total
 14.  Cost  per  Machine  shift/Spindle
        shift
 *5-  Cost  per Machine shift  for  pre-
         vious  year
 16.  Piece  rate  wages  paid
NOTES  —(1)  While computing Machine shift/Spindle  shift  cost in each       cost centre,  piece r^tes wage⁵, wfere'-er  paid, sj all  be excluded. Piece  rates on
              the basis or actuals shall be taken into account while working out trte conversion cost to be applied in  Annesure  DC

(2) Bonus to employees other than incentive bonus, provisions for statutory gratuity and interest charges shall be shown in Profonna C/F/M wherever applicable.

(3) Cost Centres given are illustrative only. (4) ItemNo. 12 is applicable to C3mpa:iies maintaining cost records oa standard costing.

PROFOftMA 'B¹

UJ. o,

Name of the Company

Name and address of the Mill

Statement showing the cost of production of yarn ctiunt-mse far the year ending— •

Waste

Conver-

Net cost

Total cost

Mixing

Count

Cost

sion cost

Serial No.

per Kg.

No. of Hank

Cost per Kg. of irusing

Carded or Combed

Total cost of yarn spun

H t-i M

used

Total cost per kg for pre-. vious year

multiplier as per Annex. 1 VII '

per kg, as per Aaaex- ure IX

Qty. of yam spun (Kg) as per Annex. IV

per kg. of mixing for pre- vious year

of mixing as per Annexnre VI

( n x i o)

(6X7)

Production per kg. of yam spun (81-9)

14 3

A Warp Yarn

s > I 2 3 4 5

B. Warp Yarn {blended)

3 i 2 3 4 5

C. Yarn from Alan-made Fibre

2 f I 2 3 4 5

m P w

D. VFeft Yarn

2 3 4 5

NOTB.— If the quantity of yarn produced is measured in Kg. data in column 3 need not be given.

-ft

PROFORMA B-I

Name of the Company

Name and address of the Mill

Statement showing the stock account of yam far the year ending (Refer proforma CC*)

Name of Mixing

Closing stock

for sales Count Opening

Issued

Stock Production

Total

Serial No.

Ifflued to farther Processmg

Value (Rs.)

Value (R*0

Value (Rs.)

Qty. (Kg.)

Qty. CKg.)

Qty. (Kg.)

Qty. (Kg.) &

(As per Prof. 'B")

I I

1233

TROFOARMA 'C

T£mae of the Company

Name ft address of the Mill

Stattmmt showing cost of sales df yarn sold dwtxg rheyear ending

JO. No.

Cost of Cost of packing

Count Hank Not.

reeling/ winding

Total cost of packed yarn

Qty. of yarn 8 old (Kg)

Share of ad- minist- rative expenses

Cost of pro- duction of yarn sold

Sales and distri- bution expen- ses

, 3

Boom

Margin Previous Year Interest

Cost of sales

Gratuity

Sales realisation

Total Per Kg.

Per Kg.

Per Kg. (14-4)

Total (8 to T3)

Cost of sales per Kg.

Sales reali- sation per Kg.

20 12

16 17 18

tTo be filled in by co-.npanles selling year)

Ncgss .—(i) Quantity and cost of production of yarn in column 4 & 5 of this proforma

•hall be as per proforma B-i.

(a) Cost of reeling/winding shown in column 6 of this Proforma shall be as per the rate

in Proforma T)'.

(3) Cost of packing shown In column 7 of this Proforma 'shall be as per the rate In

Proforma 'K.'.

(4) In case yarn Is bleached, dyed or processed in any other way conversion cost incurred oneach such process together with the cost of chemicals and dyes used shall betaken into account while working out the cost of sales of each processed yarn. In such cases the Proforma may be suitably amended.

(5) Necessary adjustment In the cost of yarn, for wastage in reeling/winding etc. if

any, shall be provided,

<6) Adjustment for variances in the selling and distribution and other expenses Included in this Proforma shall be made and such adjustments shown separately In respect of companies maintaining cost records on standard costing.

(7) ncrcase in weight. If anyj due to Moisture in the case of sale yarn is to be shown

clearly in the cost records.

<8) If quantity of yarn sold is measured in Kg. d"ta In coin. 3 need not be given.

PRQFORMA T-t*

Name of the Company , . . , , —

Nan*e and address of the Mill •

Statement showing Cost caureaise conversion cost from xmnding U> weaving for the year ending

a o

(Refer Proforma "E¹)

Looms

Winding

Particulars

Total

Draw-

Seria. No.

Sizing

Total for previous

Ordinary

Doub- ling

Warp- ing

Cone ( Cheese

Reel- ing

year

ing in

Auto- matic

SpL loom like Terry

¹² 13

. Spindle shift/Machine

shift/Loom shift

(converted 8 hn. shifts) Available Worked

• Prodnction in Kgs. /Metres,

3 • Average prodnction per Spindle shift/Machine, shift/Loom shift

I B.

Expttuts

R*.

. Direct V i gw "nd ulo-

ries •

(a) Time rate wage* *

(6) Salaries

„ Utnitla

H (a) W"t"t • (4) Stem * tc) Power • Gfl Othen(tobeipedfl-

Coosomable Stores Sizing Materials * Bobba, Pint, Shuttles,

Ri. "

etc

6. ?•

OtSor direct expenses, if sny (to be specified)

3. 9- 1 0.

Mill overheads Depreciation Share of administrative

overheads

Research & Develop-

i i.

ment

1 2. Adjustment far conversion Cost included in open- ing & dosing W. L P., if any

Adjustment for cost var-

t3-

iances

14. iS-

Total Cost per Spindle shift/ Machine shift/Loom shift

Cost per Spindle (Pre-

16.

vious year)

17- Ig.

Cost per Kg./ Metre Cost per Kg. / Metre (Previous year)

19. Total Piece rate wages paid during the year

NOTE:—

(i) In the case of Drawing-in costcentre the unit of production shall be the number of ends drawn (in OOOs). (2} Adequate records shall be maintained, showing the sizing material consumed for each type of sizmg, absorbed by the warp yams and loss in material. Rate per Kg. of sizmg materials absorbed, the percentage of sizing material in Warp yarn for each type of siz>ng so that cost of sizing materials per Kg. of Warp yarn sized can be worked out. While arriving at the conversion cost per Machine shift of the sizing department the cost of sizing materials shall be excluded. While working out the cost of Grey doth in Proforma 'E' this element shall be treated separately.

(3) More departmenta-lLsatton, shall be made in respect of various groups of looms3 if possiblej according to width, utility etc., to have farther refi- nement in working out the cost.

HI (4) The names of the Cost Centres given are illustrative only. (5) Item No. 13 is applicable to companies maintaining cost records on standard costing. (6) Piece rate wages shall be shown against item 19.

t - l'

PROFORMA CE'

Natme of the Company • . .. ,.

Name & address of the Mill

Statement shouting sort-mtse cost of production of grey doth manafectured during the year ending—•

7 Reed and Reed space 15- Loom shed ef&ciency, % 8. Pick

i<5- Production/ Loom shift *7- Loom shifts taken for the production 18. Controlled(aon-controlied/for export

10 Tapelerigth 11. Tape length allowance % 19. Piece rate for weaving

13. Type of lo?m and R. P. M. 14. Loom width

1. Sort No 2. Descrip ion 3 Quantity produced in 9. SeWedge 1. Metres 2. Kgs. 3. No^of pieces of length Metres. 12. No. of ecdsof warpyam 20. N^.nf end^diawn 4. "Width of the cloth 5. Warp 6. Weft

S.N0.

Quantity

Firticularg

Unit

Amount Rs.

Rate Rs.

Cost per piece; Metre

Rs.

Cost per nnit of pro- duction pre- vious year, if any.

Rs.

S 2

1. Cofttif Yarn

(c)Selwdge

Total

5, Winding Cm

Waning Cost

Sizing Cost

(a) Material (b) Other expenses

i- 6. 7- 8. 9-

I O.

Drawing-in cost Loom shed cost Piece rate wages Adj. for opening and dosing W. I. P.,iiany. Total Cost • • • • - e. - . . - j i nr Hptmrt- Less credit for waste realisation in pre-weavmg & weaving aepan-

I I.

ments. Net total cost.

NOTES-'O Ifsynth-ticfilamentisusedinwefttbequantityandcostofsuch filament..si^be shown separately, similarly dyed yarn or any other NOTES. ,i; ^ ^j yam if used as warp or as weft, the details shall be shown in this Profcrma.

(2) Winding charges shall be shown for that partictuar type of winding like cone, cheese Roto or Pirn winding as applicable.

' O) If the cloth is subjected to calendering or ny other finishing the conversion cost for such cperatim/cperuicrs shall be Ed<5ed u the ccst

(4) While calculating yarn requirement adjustments for hard waste in pre-weaving depaitmens shall be made.

1238 THE GAZETTE OF INDIA EXTRAORDINARY PART II—SEC. S(i)

PROFORMA E-I.

Name of the Company

• •

Name & address of the Mill

Statement showing the tort-wist stock account

Total

Goods

Production

Production as

per Proforma

Fenta, rags,

Chlndls

Opening

Balance

SI. No.

Sort

No.

'E'

Value

Rs.

Qty.

in

Kgs.

Rs.

Reali-

sable

Value

Qty.

in

Mtrs.

Rs.

Qty. In Mtrs,

Rs.

Qty.

In

Mtrs.

Qty.

In

Mtrs

II 12

I 2

3 4

(4-6)

of Gr*y Cloth for thi ytar ending

(Refer Proforma 'P1)

Issued for sales

Issued for

Closing Stock

Goods on consig-

(Inluding consi-

nment

Issued for

further

processing

gnment A/o)

A/c returned

Value

<£'

Rs.

Qty.

In

Mtrs.

Qty.

in

Mtrs.

Qty. in Mtrs.

Mtrs.

21 14

NOTES.—;I) All sorts which aro considered in Proforma 'E' shall be accounted for Item-wise

in this Proforma. The rest of the sorts shall be given in total.

(a) Fenta, ragt and chlndii shall be accounted for as per details given In para i(g) (v)

of Schedule I.

(3) Realisable value for fents.ragft, chlndii

be deducted while arriving at the cost of good production.

1239

P R O F O R MA 'F*

Name of the company —

•-••• •

Name & address of the Mill — , . , . . ..

, ._

Statemtnt showing cost of tale of cloth sold in Orey stag* and

Bonus

SI. No.

Sort No.

Grat- uity

Inter- est

Selling and distri-

Share of

Admn.

expenses

Controlled^ non- controlled

' Qty. Issued for

bution expenses

Cost pro- duction of Qty. Issued for sales

sales in Mtrs.

Rs.

- Rs.

Rs.

9 3

(As per Proforma E-I

)

Sales realisation during the year tnding—• —~——.

Sales

realisation

Margin

Cost of Sales

Previous year Packing expenses (aa per Pro- forma 'K')

Total

Total Per Metre

Cost of sales

Per Metro

Total cost of sales for Qty. issutd for sales.

Toral cost of sales of Qty- actually sold

Metre

Sales realisa- tion per Metre

Rs. Rs. Rs.

Rs.

Ra.

Rs. H

(To bo filled in by Companies selling cloth at Grey stage)

N^Tfls i (0 Aijujtmsnt for variances in the selling and distribution and other expenses Included in this Proforma, shall bo mads and such adjustments shown separately in respect of companies maintaining cost records on standard costing.

(3) In case commission is paid the same shall be shown separately under selling an*

distribution expenses.

(3) Cloth sent on consignment account which bear expenses connected with sales, during the particular year, as shown in this Proforma, if returned, shall not boar similar charges of subsequent year when such stock is sent again for sales.

PROFORMA 'G'

Name of the Company

Name & Address of the MiJl/Piocessing Unit:-

Statement showing Cost Centre.ioise converstoi cost m theBleacktng Section for the year ending

(Refer Profoima 'L')

S. No.

Particulars

J. Box Blea-

Kiers Bleaching Mercerising

Tctal

ching

Open width Bleaching

Others (to be specified)

Kgs.

Kgs

Kgs.

• Mac-

Kgs,

o Met- res

Met- res

. Met- res

Met- res

Mac- hine shift/ lours

Mac- hine shift/ hours

hine shift/ hours

Mac- hine siuft, hours

Mac- hine shift/ Siours

1-4

3 4

14 15

A.I. Cloth procxssed in Metres

2. Cloth processed in Kgs,

j. No. of Machine shifts/ Honrs available . . ..

4. No. of Machioe shifts/ Hours

worked (in terms of 8 hours)

B. Expenses

Process Chemicals

i *

a Desizing b Soaring c Scouring d Bleaching e Wetting agents etc.

Rs.

f Others (to be spedfitd) g Chemicals for Mercerising

Total: Rs.

2. Direct Wages & Salaries .

3, Utilities Rs.

„

a Water . . . . .. b Steam c Power . . . . .. d Singeing ,, e Chemical Mixing . . . ,, ,, f Rope Washing g Lye cooling plant ,, h Canstic recovery plant • ,, i Others (to be specified) . ,,

Total:

,, 4. Consumable Stores 5. Repairs & Maintenance ,, 6. Other direct expenses, if any . „ 7. Mill/ Process House overheads . ,, 8, Depredation . . . . ,, 9. Shareof Administrative overheads . „ 10. Research & Development . ,, 11. Adjustm ent for cost Variances 12. Adjustment for conversion cost includ-

ing opening and closing W. I. P. .

13. Total

C. i- Cost per Kg. /Metre/Machine

shift/hour

2. Cost per Kg. / Metre'Machine Shift/hour (previous year)

NOTES—Expenses chargeable according to the weight of the ckth/lengthof the c]fth[the tune taken ft r the process^in each cost centre shall be filled in the columns 3, 4/5 etc resp ctively and the rate for the respective unit of production worked r nt. The rate separately wcrfced cct per Kg., per Metre, per Machine shift/hour shall be apolied while wcrking cut tile cost of processed ckth in Prcfcrma 'L'.

(2) The names cf the oost centres and type of Bleaching given in the profcrma are illustrative only.

(3) In case separate department is doing yarn Bleaching adequate records shall be kept to wcrk out bleaching cost cf such yarn.

(4) For special type of bleaching adequate records shall be kept for the quantity and the cost of spetial chemicals used.

(5) Item No. 11 is aoplicable to companies maintaining cost records on standard costing.

feof okMA i t¹ Name of the Company ' ."'•*"•• ? " • . . . . .. , , , . . , - . -,

Name & address of the Mills/Processing Unit • - - • - ••

SmtsmtJtt shooing the Cost Centre-wiu Production cost in the Dyeing Section for the year ending \ • - -- • . • • — • • — • •• —

(Refer Rrofcnna' IS)

S.No.

PaxticuUrs

Yarn

CLOTH

Total

Others

Beam Dyeing

ese Yarn )yeing

Jig Ttat^-hing & Jig Dyeing

Beam Dyeing

Che r

Machine Kgs.

Kg.

Kg-

Kfr

Met- res

Total

shft/ hours

Machine shift/ hours

Machine Bhift/ hours

Machine shift/ hours

Machin shift/ hours

4 5

A. I. Cloth p r o c e s ed (dytd) in Metres . 2. d o th processed (dyed) in kgs. 3. Yarn dyed in Kgs. . . .. 4. N o. of Machine shifts/boon. Available 5. N o . of Machine ShiftB/Hr*. W o r k e d ( in . terms of 3 hours) . . ..

I I Other Expenses 1. Process Materials . . . Rs, 2. Direct wages & salaries . . . „ 3. Utdittu

•a

eo (*) Water Rs. Cb) Steam „ (c) Power „ (d) Pigment Padding . . . ,} (e) Naphtholadng . . . ,, (0 Developing . . . „ (g) Fast ootouiiog . . . ,, (h) Soaping „ (1) Mangling ,, (j) Drying ranges etc. . • . "j

. . . ..

Total 1 4. Consumable stores . . .. 5. Repairs & Maintenance . . . " 6. Otiar direct expanses (if any) 7. Mill/Process House overloads 8. Depreciation 9. Share of Administrative overheads . . Rs. 10. Research & Development . . „ 11. Adjustment fT cost variance 12. Adjustment of conversion c^st included in

opsning & closing W.LP.

3. Total Rs.

D. 1. Cost per Kg/Metre/Machine shift/hour

2. Cost per (previous year)

NOTES.—(1) Expanses chargeable according to the weight of the cloth/length of the clatb/the time taken for the process, in each cost centre shall be filled in column 3, 4, 5, 6, 7, 8, 9, etc. respectively and the rate for the respective unksof production worked out. "Iterates separately worked out per kg per Metrej per Machine shiftj our shall be applied while working out the cost of processed doth in proforma 'L' and processed yam in proforma ' B\

(2) The names of cost centres and types of dyeing given in the proforma are illustrative only.

(3) Incase dyeing of Yam is done in separate departments by spinning Mills similar Proforma shall be prepared for such section/types of dyeing.

(4) Cost of Dyes & special chemicals used shall be treated as separate element of cost in the cos of processed ckth.

(5) Item No. 11 is applicable to companies maintaining cost records on standard costing.

P"feo£ORMA T

>iame of the Company — Name & a idress of the Mill/Processing House

State-nsit skjzsii g cost ceUre-xtse cost in the printing section foi ike year ending •

W M

{Refer Prof or ma 'L'

Particulars

Roller Punting

Scree Printing Ante

Total

nnacic Screen Printing R otaryPrintiug etc r.

O SI. No.

Sq.

Kg.

1- K& Met- res

Met- res

:t- Sc >

Mi res

Met- res

Sq Met- res

Mach- ine shift/ hours

Mach- ine shift/ Hours

Ma- chine shift/ hour

Mach- ine shift/ Hours

18 i

4 5

S o >

A. I. Cloth printed in Metres 2. Cloth printed in Sq Metres 3. Cloth pruned in Kg. 4. No. of Machine shifts/ hrs. available 5. No. of Machine worked

(in terms of 8 hours)

B. Printing dyes & Chemicals

P Other Expenses 1. Process Materials, if any Rs, 2. Direct wages & salaries 3, Utilities:

n (a) Water (b) Steam (

(g) Roller engraving (h) Screen nritaing (i) Design Department 0) Chemicals Mixing (A) Others

(tobe specified)

Total

4. Consumable Stores 5. Repairs & Maintenance 6. Other direct expenseSj if

any

7. Mills/Process House over-

heads

8. Cost of rollers 9. Depredation 10. Share of admn. over-

heads

11. Research and Develop-

ment

12. Adjustment for variances

ifl cost

13. Adiustment for conver- sion cost included in opening and closing W I P. -

14. Total

D.I. Cost per Metre/Sq Metres

Kg /Machine shift/ hour, printed 2 '" (Previous year) *

(1) NOTE'—Expenses chargeableaccordingtothelengthoftheclothjareaof the cloth printed, weight of the doth and time taken for the process in eachdepartment shall be filled in columns^ ,4,5 f^etc respectively andtherateforthe respectively unit of production worked oat The rates separatey worked ont per Metre, Sq. Metre printed, Kg. Machine shift/Hour shall be applied wtuk working out the cost of processed cloth in Proforma * L.

(2) The names of CostCentresandtypeof printing given in the Proforma axe illustrative only. (3) Cost of printing dyes and chemicals shall be treated as separate element of cost in the cost of processed cloth. (4) Item No. 12 is applicable to companies maintaining cost records on standard costing.

PROFORMA T

Name of the Company • . • — . • .

Name & address of the Mill/Processing House

• ••

Statemtnt showing Department met cat in thtfinishingStdum for the year ending • • • - •-

(Rtfer Preform*'!/).

Damping

Total Particulars Stentering

Other

Belt stretch-

Tabel- ising

No.

Sanfo- rising 8

Calender- ing Or d, 6

2 3

12, 13

Calender- ing Spl. 7

Resin Ftnianing IO

ing 4

•

i, Hnisled cloth in Metres. 2. Machine shifts/Hours available 3. Machine shifts/Hours worked

Chemicals for specialfinishingRs.

Rs. Rs.

> o Other Expenses i. P r o c e ss c h e m i c a ls . . .. 2. D i r e ct W a g es & S a l a r i e s. 3. Utt&ues

s (a) Water lb) Steam (e) Power 00 Others (to be specified)

Total

i—i

p 4. Consumable stores . . .. 5. Repairs& Maintenance 6. Other direct expenses, if any 7. MiBs/Piocess House overheads 8. Depreciation . . .. 9. Royalty, if any . . .. io. Share of administrative overheads . I I. Research & Development 12. Adjustment for cost variances 13, Adj. for conversion costincluded in openin ? •

M & d o s i n g W. LP

14. Total

t>. Flushing coet per Metre

Finishing cost (Previous Year)

NOTES :

(1) The names of the Cost Centres/ Processes given in the Proforma are illustrative only. (2) Cost of special chemical- med shall be treated as separate element of cost in the cost of processed cloth. (3) Item No. 12 is applicable to companies maintaining cost records on standard costing- (4) Expenses relating to length of the clothj time taken for the process in each department shall be segregated separately and the rate for the respective unit of production worked out and applied while working out the finishing cost of processed doth

PROFORMA 'K*

Name of the CompaBy

•

Name & address of the Mill/ Processing House

•

Statement showing the cost of different types of packing made during the year aiding

Particulars

Cloth Paddng

Export Total

Yampflrting

packing

No,

Others

RoDers Bale*

3/4

package

Full Bale

3' Bait

1/4 Bale

e package

1 Bale

paftag

FnD package

15 3

Quantity Packed Packing Material Cost

Rs,

A. B.

a s>

(i) Hessian • (a) Cheese • f3j Card Board ffi Polythene (5) Others •

Total

„<

ExpeBses

I. Ifjga awJ salaries

(a) Folding/ Reeling (b) Inspection (c) Stamping (d) CutQDg (e) Hemming & Carding (f) Ruling & BundliDg •

Total

J J

Is .

I i 2. Consumable Stores 3. Repairs & Maintenance • 4. Power 5. Depreciation 6. MSI overheads 7. Share of Admn. Overbeac & Total CA-f-B+Q

"9. Adjustment for variance

( i) Material (2) Expenses

Total

. . ..

D. Cost per Pack •Applicable to companies maintaining cost records on sU ndsrd ct stmg 01 any other basis than actual.

jvj:>Tffs — [i> Packing types ind l^octnint mentioned are only illustrative. Cost shall be worked for all types of packings made during the yeir JS" per the specification of the Textile Commissioner from time to ttme.

(2) In the ~ 1.2 _>: ;KO a-: Da:kino (Wherever special packing is required) the cost shall be worked out typewise separately.

M to

125° THE GAZETTE OF INDIA EXTRAORDINARY PART II—SEC. ³(¹)

PROFORMA 'L"

Name of the Company -

•— ———•————• —-—•—

Name & address of the Mill/Processing Houic ..—-—

., —

Statement showing the uost of different types of packing made during the yeat ending .

1. Sort No. 2. Trade Name 3. Depreciation

5. Quantity m Metres produced 6 Quantity in Kgs. produced 7 Area printed in Si j, M*tics (11 case of printed

cloth;

4. Quantity of Grey cloth issued S. Machine shifta/Hours taken (on 8 Hrs.

basis) for each processing

9. Type of bleaching, jy eing, printing; finishing

etc. adopted

Unit Qty.

Particulars

Rate Amount

Cost per Metre

Cost per Alette

SI. No.

(Previous year) Rs.

2. 6.

Conversion cost 1

1251

3 4 5 6 7 8

Adi. for opening & closing W.I.|J.

if any

8. Total :

NOTES (i) The piocesses mentioned in the Ptofottna arc illustrative only.

(2) This Prolorrrm shall be prepared for each sort of cloth processed. Quantities processed for outaidciB and other mills of die same company shall be indicated separately (3) The cost of materials for items 2, 3, .<, 5 in the rroloirru iliail be tuktn as j-tr the respective "recipes" in case actuals arc rut HVaiJabk I lit tidicuatL rcccit's slicwmg reconciliation of actual matenals used lttrr.-wise ai:d that charged as per the "recipe shall be maintained

, PROFORMA I ^i

•—•—— •—

Name of the Company Name and address of the Mill/Processing House

Statement shovnng sortwise stock account of processed cloth manufactured during the year ending

Total cloth

Opening Balance

Production

Net good

SL No.

pre-packed Sort No.

Fents, rags chindisj

production

as per profonna' L'

Value

Qty.

acked

Value

Prep

Qty.

Value

Qty.

Rs.

Realis- able value Rs.

Rs.

•13

(8+io)

(7+9)

Cloth picked during the year

Closing Stock

Packed cloth issued for sales

Goods on con- tingent Total packed cloth

A/c returned

Value

Pre-packed

Qty

Value

Total

Issued

Packed

Actually sold

•Qty.

Value

Packing charges

Qty.

Rs.

Rs, I

Value Rs.

Rs.

Value Rs.

Value Rs

(2CK-

(14—16)

(12+ 18)

(16 + 17)!

22)

(n +

15)

U 3- 15)

NOTES — (ii All sorts which are considered in proforma ' A l' shall be accounted for item wise in this proforma or in forms as near thereto as prac-

ticable. The rest of the orts shall be given in total.

I I

5 (2) Fents, rags, chindis etc. shall be accounted for as per details given in para I (?) (v) of Schedule I (3s! Realisble va\ue shown in column 6 shall be reasonable and the same shall be deducted while arriving at the cost of good production CO Packing chargeb shall be as per proforma * K '.

I253

PROFORMA 'M'

Name of the Company Name & Address of the Mill/Processing House :

Statement showing the cost of sale of processed

Bonus

Controlled/

Interest

Selling and

Grat- uity SI. No.

Packed cloth issued for sale (as per Proforma L-F)

Share of

Admini-

stration

distribu-

Non- controlled

' Sou No. ]

• expenses.

Qty. Value

tion expenses

Rs.

10 I

3 4

cloth sol 1 a (i sales realisation during tha year ending

Sales realisation

Margin

Previous year Qty. Actually sold

Cost of sales/ Metre Total

Total Per Metre

Total cost of Sales

Per Metre

Cost of sales of Qty. Actually sold

Cost of sales per Metre

Sales reali- sation Per " Metre

Rs. Rs. Rs. Rs.

Rs. Rs Ra.

Rs.

Rs. Rs.

i iE

20 13

NOTES —(i) Adjustment fox variances in the selling and distribution and other expenses included in this Proforma, shall be made and such adjustment shown separately in respect of companies maintaining cost records on standard costing,

(2) In case commission is paid the same shall be Bhown separately under selling and

distribution expenses.

(3) Cloth sent on consignment account which bear expenses connected with sales, during the particular year, as shown in this Proforma if returned, shall nol bear similar charges of subsequent year, when tuch stock is tent again for sales

(4) If the company is having more than one Mill producing and selling processed cloth, and having common selhng Department this Proforma may be prepared for all Mills together But adequate records shall be maintained to show the details of cloth sold on account of each mill both in quantity and value.

1254 THE GAZETTE OF INDIA EXTRAORDINARY PART II—SEC. ³fi>

PROFORMA "N*

Name of the Company —,——

NameandaddressofthcMill/ProcessingHouse :

Statement showing the total expenses and incomt of the Company and the share applicablt

to Textile activity and other activities for the year ending ™

Particulars

Share applicable to SI. No.

Total actual expenses

Olher activities

Textile activity Rs.

2. 3-

R aw M a t e r i a ls c o n s u m ed . . . .. P r o c e ss m a t e r i a l s / c h e m i c a ls c o n s u m ed • P a c k i ng m a t e r i a ls c o n s u m ed . .. . T o t al m a t e r i al D i r e ct s a l a r i es & w a g es . . . . ..

U t i l i t i es S t o r es & s p a r es . . .. . R e p a i rs a nd M a i n t e n a n ce . . . .. O t h er allocated expenses M i ll o v e r h e a ds A d m i n i s t r a t i ve overheads . . . ..

4- 5- 6. 7. 8. 9 i6.

(1) Mills (h) H e ad Office

I I. D e p r e c i a t i on T o t al A d j u s t m e nt for difference b e t w e en o p e n i ng a nd closing

1 2.

balance of w o r k - i n - p r o g r e ss

13- C r e d i ts for recoveries C o t t on waste sold . . . . . .. C l o th w a s te sold O t h e rs

P a c k i ng cost Stock adjustments for difference b e t w e en o p e n i ng a nd

14. 15-

closing stock

T o t al

Selling & d i s t r i b u t i on expenses • • . .

16.

T o t al

17. 18.

A n n u al b o n us to employees o t h er t h an incentive b o n us I n t e r e st charges Provision for s t a t u t o ry gratuity . . ..

19- 2 0. -1^ • •• I ' ll j j* T j 1 • O t h er expenses n ot i n c l u d ed m c o it ( I t e ms to be speci-

fied)

O t h er i n c o me n ot c o n s i d e r ed in cost ( I t e ms to be speci-

2 1.

fied)

T ot il e x c l u d i ng excise d u ty . . . ..

2 2.

2 3. Deduct export benefits, if eny

. . ..

N et . .. N et sales realisation (excluding excise d u t y) M a i g in . . . . . . ..

24. 25. 26.

NOTE,—All items of n'comc Bnd expenditure in this Proforma shall be reconciled with the finan-

cial a^tovnts for the relevant penod

[No. 52/101/74-CAB] P-B. MENON Jt. Secy.

1255

1256 THE GAZETTE OF INDIA EXTRAORDINARY PART II—SEC. ³(¹^

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125? THE GAZETTE OF INDIA EXTRAORDINARY PART II—SEC. ³(i>

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1260 THE GAZETTE OF INDIA EXTRAORDINARY PART II—SEC 3(i>

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1262 THE GAZETTE OF INDIA EXTRAORDINARY PART II — SEC. ³(I)

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1264 THE GAZETTE OF INDIA EXTRAORDINABY PART II—SEC. ³(¹)

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1266 THE GAZETTE OF INDIA EXTRAORDINARY PART II—SEC. ³(¹}

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1290 THE GAZETTE OF JNDIA .EXTHAORPINAflY PART II—SEC. S U )^

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1296 THE GAZETTE OF INbIA EXTRAORDINARY PAR{{^{{FOOTNOTE *}}}} II—SEC ³d)

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1298 THE GAZETTE OF INDIA EXTRAORDINARY PArix II—SEC ³(i)

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THE GAZETTE OF INDIA EXTRAORDINARY PART II—SEC. 3 ( I) 1300

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1 3 02 THE GAZETTE OF INDIA EXTRAORDINARY PART II—SEC 3 I I)

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THE GAZETTE OF INDIA EXTRAORDINARY PART II—SEC. 3 ( I> 1304

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1306 THE GAZETTE OF INDIA EXTRAORDINARY P A RT I I- S EC ³ ( il

1307

1308 THE GAZETTE OF INDIA EXTRAORDINARY PART II—SEC ³(¹)

no?

131 o THE OAZKTTE OF INDIA EXTRAORDINARY PARI II—SEC, ³{IT

I3ii

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1313

1314 THE GAZETTE OF INDIA EXTRAORDINARY PAHI II—SEC. ³ ( I)

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1316 THE GAZETTE OF INDIA EXTRAORDINAKY PART II—SEC ³d)

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1318 THE GAZETTE OF INDIA EXTRAORDINARY PART II—SEC. 3 ( I)

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1320 THE GAZETTE OF INDIA EXTRAORDINARY PART II—SEC. ³(i)

1321

1322 THE GAZETTE OF INDIA EXTRAORDINARY PAHI II—SEC. 3(1)

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1324 THE GAZETTE OF INDIA EXTRAORDINARY PAHT II—Sac. ³(¹)

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1326 THE GAZETTE OF INDIA EXTRAORDINARY PART II—SEC ³ ( IJ

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1328 THE GAZETTE OF INDIA EXTRAORDINARY PAHT I I ^ S EC ³ (ifc

1329

1330. THE GAZETTE OF INDIA EXTRAORDINARY PART II—SEC. ³(i)

i33i

1332 THE GAZETTE OF INDIA EXTRAORDINARY PART II—SEC. ³(¹)

1333

1334 rHii GAZETTE OF INDIA EXTRAORDINARY PART II—Sue. ³(i)

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J336 THE GAZETTE OF INDIA EXTRAORDINARY PART II—Sic ³(¹)

1337

if actuals are not available. In such cases reconciliation of such waste accounted for in the production on technical basis and that actually formed, group-wise, shall be made at regular intervals, say quarterly, within the relevant period. ' II Salaries ana Wages: (a) Proper records shall be maintained to show the attendance and earnings of all employees and the cost centres or departments and the work on which they are employed The records shall also indicate sepuratelv (1) overtime wages earned; (u) piece-rate wages earned; (iii) incentive wages earned, either individually or collectively as produc- tion bonus or under any other scheme based on output (w) earnings of casual labour engaeed on casual work under classified headings. (b) Idle lime shall be separately recorded under classified headings indicating the reasons- theiefor. This data shall be maintained, as far as Dossible cost centre-wise, otherwise for principal cost centres like ring frame, looms, bleach- ing dyeing printing, warehousing, etc. The method followed for accountng of idle" time- payments in determining the cost of the products shall be disclosed in the cost records. (c) Any wages and salaries allocabV to capital works such aq addition or heavy repair wo~rks to plant and machinery, buildings or other fixed assets shall be accounted for unnder the relevant capital heads III Service department expenses; Detailed records shall be maintained to indicate expenses incurred for each service cost centre or department These expenses shall be apportioned to other service and production departments on an equitable basis and applied con- sistently. IV. Utilities: (1) Water-Where water is treated or purified proper records ^ownig the quantity and cost oi water treated and consumed in different cost centres or departments for the manufacture of processed fabrics, etc, shall be maintained ↩
, 'G', 'H', 'T and 'J' specified in Schedule II or in forms as near thereto as practicable. (b) Cost statements shall be maintained in respect of different counts of yarn produced, carded or combed separately in Proforma 'B' specified in Schedule II. The cost of sales statements in respect of different counts of yarn sold, if any, shall be maintained in Proforma 'C specified in Schedule II showing the neiual cost of sales and the sales realisation thereof. (c) Cost Statements showing the cost of production shall be mainialned In res- pect of different sorts of cloth In grey stage, manufactured by the company in Pro- forma 'E' specified In Schedule II. Cost statements shall be mruntalnrd in respect of each sort of clofh, construction-wise in the said proforma In case of sales of ↩
en (to be specified) ↩
Cost of clothin grey stage issued (as per proforma E-I) Special bleaching chemicals Dyes and Chemicals 3- Printing dyes & Chemicals 4- Spl, finishing Chemicals • 5- (a) Bleaching Metre (b) „ Kg. (c) „ Hrs. Total (a to c") (d) Dyeing Metre (e) „ Kg. (f) „ Hrs. Total (d to f) (g) Printing Metre ↩