1

[TOBEPUBLISHEDINTHEGAZETTEOFINDIA,EXTRAORDINARY,PARTII,
SECTION3,SUBSECTION(i)]
MINISTRYOFCORPORATEAFFAIRS
Notification
NewDelhidatedthe7
th,
Dec,2011

G.S.R.873(E)Inexerciseofthepowersconferredbysubsection(1)ofsection642,read
with clause (d) of subsection (1) of section 209 of the Companies Act, 1956 (1 of 1956),
and in supersession of the Cost Accounting Records (Fertilizers) Rules, 1993 vide G.S.R.
261(E), dated the 5
th
March, 1993, except as respects things done or omitted to be done
before such supersession, the Central Government hereby makes the following rules,
namely:
1. Short Title and Commencement, (1) These rules may be called the Cost Accounting
Records(FertilizerIndustry)Rules,2011.
(2)TheyshallcomeintoforceonthedateoftheirpublicationintheOfficialGazette.
2. DefinitionsandInterpretations,Intheserules,unlessotherwiserequires,
(a) ActmeanstheCompaniesAct,1956(1of1956);
(b) compliance report means the compliance report duly authenticated and
signedbyacostaccountantinthespecifiedformofcompliancereport;
(c) Cost Accountant for the purpose of these rules means a cost accountant as
defined in clause (b) of subsection (1) of section 2 of the Cost and Works
AccountantsAct,1959(23of1959)andwhoiseitherapermanentemployeeof
the company or holds a valid certificate of practice under subsection (1) of
section6andwhoisdeemedtobeinpracticeundersubsection(2)ofsection2
ofthatActandincludesafirmofcostaccountants;
(d) Cost Accounting Standards means the standards of cost accounting,issued by
theInstitute;
(e) costrecordsmeansbooksofaccountrelatingtoutilisationofmaterials,labour
and other items of cost as applicable to the production, processing,
manufacturingorminingactivitiesofthecompany;
2
(f) fertilizer activities means production, processing, manufacturing or mining of
any type of fertilizers whether nitrogenous, phosphatic, potassic or complex
(organic, inorganic or mixed) and includes all types of fertilizers as defined in
clause(h)ofsection2oftheFertilizer(Control)Order,1985madeundersection
3oftheEssentialCommoditiesAct,1955(10of1955)orincludedunderChapter
31 of the Central Excise Tariff Act, 1985 (5 of 1986), and further includes the
intermediateproductsandarticlesoralliedproductsoractivitiesthereof;
(g) FormA means the form specified in these rules for filing compliance report
andotherdocumentswiththeCentralGovernmentintheelectronicmode;
(h) FormB means the form of the compliance report and includes Annexure to
thecompliancereport;
(i) Generally Accepted Cost Accounting Principles means the principles of cost
accountingissuedbytheInstitute;
(j) Institute means the Institute of Cost and Works Accountants of India
constitutedundertheCostandWorksAccountantsAct,1959(23of1959);
(k) product means any tangible or intangible good, material, substance, article,
idea, knowhow, method, information, object, service, etc. that is the result of
human, mechanical, industrial, chemical, or natural act, process, procedure,
function, operation, technique, or treatment and is intended for use,
consumption,sale,transport,store,deliveryordisposal;
(l) productgroupinrelationtotangibleproductsmeansagroupofhomogenous
and alike products, produced from same raw materials and by using similar or
sameproductionprocess,havingsimilarphysicalorchemicalcharacteristicsand
commonunitofmeasurement,andhavingsameorsimilarusageorapplication;
and in relation to intangible products means a group of homogenous and alike
productsorservices,producedbyusingsimilarorsameprocessorinputs,having
similar characteristics and common unit of measurement, and having same or
similarusageorapplication;
(m) turnover means total turnover made by the company from the sale or supply
of all products or services during the financial year and it includes any turnover
from job work or loan license operations and the subsidies or grants or
incentivesreceivedbutdoesnotincludeanynonoperationalincome;
(n) allotherwordsandexpressionsusedintheserulesbutnotdefined,anddefined
in the Act and rules made under clause (d) of subsection (1) of section 209 of
theActshallhavethesamemeaningsasassignedtothemintheActorrules,as
thecasemaybe.
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3. Application,Theserulesshallapplytoeverycompany,includingaforeigncompanyas
defined under section 591 of the Act, which is engaged in the production, processing,
manufacturing,orminingoffertilizeractivitiesandwherein,theaggregatevalueofnet
worth as on the last date of the immediately preceding financial year exceeds five
croresofrupees;orwhereintheaggregatevalueoftheturnovermadebythecompany
from sale or supply of all products or activities during the immediately preceding
financial year exceeds twenty crores of rupees; or wherein the companys equity or
debtsecuritiesarelistedorareintheprocessoflistingonanystockexchange,whether
inIndiaoroutsideIndia:
Provided that these rules shall not apply to a body corporate governed by any
specialAct.
4. Maintenance of records, (1)Every company to which these rules apply, including all
unitsandbranchesthereofshall,inrespectofeachofitsfinancialyearcommencingon
or after the date of this notification, keep cost records and the books of account so
maintained shall contain, interalia, the particulars specified in Proformae A to G
mentionedintheScheduleannexedtotheserules.
(2) Thecostrecordsreferredtoinsubrule(1)shallbekeptonregularbasisinsuch
mannersoastomakeitpossibletocalculateperunitcostofproductionorcost
ofoperations,costofsalesandmarginforeachofitsproductsandactivitiesfor
everyfinancialyearonmonthlyorquarterlyorhalfyearlyorannualbasis.
(3) Thecostrecordsshallbemaintainedinaccordancewiththegenerallyaccepted
costaccountingprinciplesandcostaccountingstandardsissuedbytheInstitute;
totheextentthesearefoundtoberelevantandapplicableandthevariations,if
any,shallbeclearlyindicatedandexplained.
(4) The cost records shall be maintained in such manner so as to enable the
companytoexercise,asfaraspossible,controloverthevariousoperationsand
costswithaviewtoachieveoptimumeconomiesinutilizationofresourcesand
these records shall also provide necessary data which is required to be
furnishedundertheserules.
(5) All such cost records and cost statements, maintained under these rules shall
be reconciled with the audited financial statements for the financial year
specificallyindicatingexpensesorincomesnotconsideredinthecostrecordsor
statements so as to ensure accuracy and to reconcile the profit of all product
groupswiththeoverallprofitofthecompanyandthevariations,ifany,shallbe
clearlyindicatedandexplained.
(6) All such cost records, cost statements and reconciliation statements,
maintainedundertheserules,relatingtoaperiodofnotlessthaneightfinancial
4
yearsimmediatelyprecedingafinancialyearorwherethecompanyhadbeenin
existenceforaperiodlessthaneightyears,inrespectofalltheprecedingyears
shallbekeptingoodorder.
(7) Every person, referred to in subsection (6) and (7) of section 209 of the
Companies Act, 1956 (1 of 1956), shall take all reasonable steps to secure
compliance by the company with the provisions of these rules in the same
manner as he is liable to maintain accounts required under subsection (1) of
section209ofthesaidAct.
5. Form of the Compliance Report, Every company to which these rules apply shall
submit a compliance report, in respect of each of its financial year commencing on or
after the date of this notification, duly certified by a Cost Accountant, along with the
AnnexuretotheCentralGovernment,inthespecifiedform.
6. Time limit for submission of Compliance Report, Every company shall submit the
compliance report referred to in rule 5 to the Central Government within a period of
one hundred and eighty days from the close of the companys financial year to which
thecompliancereportrelates.
7. Authentication of Annexure to the Compliance Report, The Annexure to the
compliancereportshallbeapprovedbytheBoardofDirectorsandcertifiedbytheCost
AccountantbeforesubmittingthesametotheCentralGovernmentbythecompany.
8. Penalties, (1) If default is made by the Cost Accountant in complying with the
provisions of these rules, he shall be punishable with fine, which may extend to five
thousandrupees.
(2) Forcontraventionoftheserules,
(a) the company shall be punishable as provided under subsection (2) of
section642oftheAct;and
(b) every officer thereof who is in default, including the persons referred to in
subsection (6) of section 209 of the Act, shall be punishable as provided
under subsections (5) and (7) of section 209 of Companies Act, 1956 (1 of
1956).
9. Savings, The supersession of the Cost Accounting Records (Fertilizers) Rules, 1993,
shallnotinanywayaffect
(a) anyright,obligationorliabilitiesacquired,accruedorincurredthereunder;
(b) any penalty, forfeiture or punishment incurred in respect of any
contraventioncommittedthereunder;and
5
(c) any investigation, legal proceeding or remedy in respect of any such right,
privilege,obligation,liability,penalty,forfeitureorpunishmentasaforesaid,
and; any such investigation, legal proceeding or remedy may be instituted,
continued or enforced and any such penalty, forfeiture or punishment may
beimposedasifthoseruleshadnotbeensuperseded.
6

FORMA
Form for filing Compliance Report and other
documentswiththeCentralGovernment
[Pursuanttosection209(1)(d),600(3)(b)oftheCompaniesAct,1956andrule2oftheCostAccounting
Records(FertilizerIndustry)Rules,2011]
PARTIGENERALINFORMATION
Note:Allfieldsmarkedin*aretobemandatorilyfilled.
1 (a) *Corporate identity number (CIN) or
foreigncompanyregistrationnumberof
thecompany

PreFill
(b) Global location number (GLN) of
company

2 (a)
*Nameofthecompany

(b) *Address of the registered office or of

the principal place of business in India
ofthecompany

(c)
*EmailAddressofthecompany

3 (a) *Financial year covered by the

compliancereport
From

(DD/MM/YYYY)

To

(DD/MM/YYYY)
(b) *Date of Board of directors meeting in which annexure
tothecompliancereportwasapproved

(DD/MM/YYYY)
4.Detailsofthecostaccountant
(a) *Categoryofthecostaccountant
Individual Costaccountants
firm
(b) Incaseofindividual,whetherthecostaccountant
isinpermanentemploymentofthecompanyorin
practice
InEmployment InPractice
(c) *Name of the cost accountant or the
costaccountantsfirmwhohascertified
thecostrecordsofthecompany

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(d) *Income tax permanent account number of the cost accountant or the cost
accountantsfirm

(e) *Membership number of cost accountant or cost accountants firms

registrationnumber

(f) Addressofthecostaccountantorcostaccountantsfirm
(i)LineI
LineII
(ii)City
(iii)State
(iv)Country
(v)PinCode
(g) *Email ID of the cost accountant or
costaccountantsfirm

5.*QuantitativeInformation
NetSales Sno. NameoftheProductorServiceGroup Unit Annual
Production
(Quantity)
(Quantity) (Valuein
Rupees)
A ProducedorManufacturedProduct
1.
2.
3.etc.
B ServicesGroups
1.
2.
3.etc.
C TradingActivities(ProductGroupwise)
1.
2.
3.etc.
D OtherIncome
TotalIncomeasperFinancialAccounts
PARTII
Attachments:
1 Compliance report as per the Cost Accounting Records Attach
8
(FertilizerIndustry)Rules,2011
2 Optionalattachments(s)ifany Attach
Listofattachments

Removeattachment
Verification:
Tothebestofmyknowledgeandbelief,theinformationgiveninthisformanditsattachmentsiscorrect
andcomplete.

I have been authorised by the Board of directors

resolutionnumber
dated (DD/MM/YYYY)
tosignandsubmitthisform.
Iamauthorisedtosignandsubmitthisform.
Tobedigitallysignedby:
ManagingDirectorordirectorormanagerorsecretary(incaseofanIndiancompany)
or an authorised representative (in case of a foreign
company)

Digital
Signatures

*Designation

*DirectoridentificationnumberofthedirectororManagingDirector;orIncometaxPAN
ofthemanagerorofauthorisedrepresentative;orMembershipnumber,ifapplicableor
incometax PAN of the secretary (secretary of a company who is not a member of ICSI
mayquotehis/herincometaxPAN)

Directorofthecompany
Digital
Signatures
Directoridentificationnumberofthedirector

Modify CheckForm Prescrutiny Submit

ThiseformhasbeentakenonfilemaintainedbytheCentralGovernmentthroughelectronicmodeand
onthebasisofstatementofcorrectnessgivenbythefilingcompany

9
FORMB
FORMOFCOMPLIANCEREPORT
[Seerule2,andrule5]
I or We ........................................... being in permanent employment of the company or in
practice, and having been appointed as cost accountant under Rule 5 of the Cost Accounting
Records (Fertilizer Industry) Rules,2011 of ........................................................... (mention name
of the company) having its registered office at ..................................................... (mention
registered office address of the company) (hereinafter referred to as the company), have
examinedthebooksofaccountprescribedunderclause(d)ofsubsection(1)ofsection209ofthe
saidAct,andotherrelevantrecordsfortheperiod/year.............................(mentionthefinancial
year)andcertifyasunder:
1 IorWehaveorhavenotobtained alltheinformationand explanations,whichto thebestof
myorourknowledgeandbeliefwerenecessaryforthepurposeofthiscompliancereport.
2 In my or our opinion, proper cost records, as per the Cost Accounting Records (Fertilizer
Industry) Rules, 2011 prescribed under clause (d) of subsection (1) of section 209 of the
CompaniesAct,1956,haveorhavenotbeenmaintainedbythecompanysoastogiveatrue
and fair view of the cost of production or operation, cost of sales and margin of all the
productsandactivitiesofthecompany.
3 Detailed unitwise and product or activitywise cost statements and schedules thereto in
respectoftheproductgroupsoractivitiesareorarenotkeptinthecompany.
4 Inmyorouropinion,thesaidbooksandrecordsgiveordonotgivetheinformationrequired
bytheCompaniesAct,1956inthemannersorequired.
5 In my or our opinion, the said books and records are or are not in conformity with the
generally accepted cost accounting principles and cost accounting standards issued by The
InstituteofCostandWorksAccountantsofIndia,totheextentthesearefoundtoberelevant
andapplicable.
Dated: this ____ day of _________ 20__ at _________________ (mention name of place of
signingthisreport)

SIGNATUREANDSEALOFTHECOSTACCOUNTANT(S)
MEMBERSHIPNUMBER(S)
10
NOTES:
(i) Deletewordsnotapplicable.
(ii) If as a result of the examination of the books of account, the cost accountant desires to
point out any material deficiency or give a qualified report, he shall indicate the same
againsttherelevantpara.
(iii) Brieflygiveyourobservationsandsuggestions,ifany,relevanttothemaintenanceofcost
accountingrecordsbythecompany.
(iv) Costaccountantmayuseseparatesheet(s)for(ii)and(iii)above,ifrequired.

ANNEXURETOTHECOMPLIANCEREPORT
[Seerule2andrule5]
1.GENERAL:
a) Nameofthecompany:
b) Registeredofficeaddress:
c) FinancialyeartowhichtheComplianceReportrelates.
2.QUANTITATIVEINFORMATION:
NetSales Sno. NameoftheProductorService
Group
Unit Annual
Production
(Qty.)
(Qty.) (Valuein
Rupees)
A ProducedorManufacturedProduct
Groups

1.
2.
3.etc.
B ServicesGroups
1.
2.
3.etc.
C Trading Activities (Product Group
wise)

1.
2.
3.etc.
D OtherIncome
TotalIncomeasperFinancialAccounts
11
3.RECONCILIATIONSTATEMENT:
NetMargin(ProfitorLoss)asperCostAccounts (InRupees)
A.FromProducedorManufacturedProductGroups
B.FromServicesGroups
C.FromTradingActivities
TotalasperCostAccounts
Add:IncomesnotconsideredinCostAccounts(ifany)
Less:ExpensesnotconsideredinCostAccounts(ifany)
Add/Less:DifferenceinStockValuation
Profitor(Loss)asperFinancialAccounts

NOTES:
(i) For produced or manufactured product groups, use the nomenclature as used in the
CentralExciseActorRules,asapplicable.
(ii) Forservicesgroups,usethenomenclatureasusedintheFinanceActorCentralService
TaxRules,asapplicable.

SIGNATURE
NAME
COSTACCOUNTANT(S)
MEMBERSHIPNUMBER(S)
SEALANDDATE

"SCHEDULE
[Seerule4]

PROFORMA`A
StatementshowingcostofUtilitieslikeWaterorPoweretc.
NameoftheCompany
NameandaddressoftheFactoryorUnit
NameoftheUtility
ForthePeriod/Year
12

AQuantitativeInformation
Sno. Particulars Unit Currentyear Previousyear
1 InstalledCapacity
2 QuantityProduced
3 CapacityUtilization(%)
4 QuantityRecirculated
5 QuantityPurchased,ifany
6 SelfConsumptionincludingLosses(tobespecified)
7 NetUnitsAvailable

B.CostInformation:
Sno. Particulars Quantity Rate Amount CostperUnit(Rs.)
Rs.per
Unit
Rs. Current
Year
Previous
Year
1 MaterialsConsumed(specify)
a)Indigenous
b)Imported
c)SelfManufacturedorProduced
2. ProcessMaterials/Chemicals(specify)
3. Utilities(specify)
4. DirectEmployeesCost
5. DirectExpenses(specify)
6. ConsumableStoresandSpares
7. RepairsandMaintenance
8. Depreciation
9. LeaseRent,ifany
10. OtherOverheads
11. Subtotal(1to10)
12. Less:Credit,ifany
13. Totalcost(1213)
Apportionment:(costcentrewise)
1.CostCentre1
2.CostCentre2
3.CostCentre3

Total

PROFORMA`B
StatementshowingtheCostofProductionandCostofSales

NameoftheCompany
NameandaddressoftheFactory/Unit
13
NameoftheIntermediateProduct/Product
ForthePeriod/Year

A.QuantitativeInformation:
(Unit:MT) Sno. Particulars
CurrentYear PreviousYear
1. (i) Installedcapacity
(ii) Capacityenhancedduringtheyearbyleasing
arrangementetc.

2. ActualProduction:
(i) SelfManufactured
(ii) Thirdpartiesonjobwork,ifany
(iii) LoanLicense,ifany

3. CapacityUtilization
4. MajorOutputs(specify)
a)
b)
c)etc

5. ByProducts(Specify)
6. Yieldpercentage(outputs/inputs
4. QuantityusedforCaptiveConsumption
5. Quantitytransferredfor:
(a)DomesticSale
(b)ExportSale
(c)Others(specify)

6.. OpeningStock(FinishedGoods)
7. ClosingStock(FinishedGoods)(6+245)

B.CostInformation:
Sno. Particulars Quantity Rate Amount CostperMT(Rupees)
Units Rs.per
Unit
Rs. Current
Year
Previous
Year
1. MaterialsConsumed(specifydetails)
a)Indigenous
b)Imported
c)Selfmanufacturedorproduced
d)Subtotal
2. ProcessMaterials/Chemicals(specify)
3. Utilities(specify)
4. DirectEmployeesCost
5. DirectExpenses
6. ConsumableStoresandSpares
7. RepairsandMaintenance
14
Sno. Particulars Quantity Rate Amount CostperMT(Rupees)
Units Rs.per
Unit
Rs. Current
Year
Previous
Year
(a) Building
(b) PlantandMachinery
(c) Others,ifany
8. QualityControlExpenses
9. ResearchandDevelopment
10. TechnicalAssistanceandKnowhowFee
orRoyalty,ifany

11. DepreciationorAmortization
12. OtherProductionOverheads
13. Total(1to12)
14. Add:OpeningStockinProcess
Less:ClosingStockinProcess

15. Less:Credits(fromwastagesandBy
Products)orRecoveries,ifany(specify
itemwise)

16. PrimaryPackingCost
a) Materials
b) Others(specify)

17 CostofProduction
(a) PackedQuantity
(b) NakedorBulkQuantity

18. Add:OpeningStockFinishedGoods
Less:ClosingStockFinishedGoods

19. OtherAdjustments,ifany
20. FinishedGoodsPurchased,ifany
21. TotalCostofProduction(17to20)
22. QuantityandCostTransferred:
(i)CaptiveConsumption
(ii)Sales
(iii)Others,ifany

23. AdministrativeOverheads
(a) Employeecost
(b) Others
(c) Total

24. SecondaryPackingCost
(a) PackingMaterial(specify)
(b) Others
(c) Total

25. SellingandDistributionOverheads
(a) Employeecost
(b) FreightandTransportcharges

15
Sno. Particulars Quantity Rate Amount CostperMT(Rupees)
Units Rs.per
Unit
Rs. Current
Year
Previous
Year
(c) CommissiontoSellingAgents
(d) Royaltyonsales,ifany
(e) Warrantyexpenses
(f) Afteradjustingincomefrom
chargeableservices
(g) Others
(h) Total(a)to(g)
26. InterestandFinancingCharges
(a) Interestonworkingcapital
(b) Others
(c) SubTotal

27. CostofSales(excludingExciseduty)of
PackedQuantitySold(22(ii)to26)

28 SalesRealisation
29 LessExciseDutyandOtherStatutory
Levies

30 NetSalesRealization(2829)
31 Margin(3027)
32. SalesRealizationfromCustomers
(a) SalesPrice
(b) LessDealersmargin
(c) Net

33 Retentionpriceasfixedbythe
Government(specifytheperiodforwhich
relevant)

34 ProductSubsidyfromGovernment
35 Freightoranyotherreimbursement
36 TotalRealization(33+34+35)
37 Margin(3632)

16
PROFORMAC
StatementshowingElementwiseUnitcostofProduction

NameoftheCompany
NameandaddressoftheUnit
ForthePeriod/Year

UtilitiesorOffsitesorIntermediatesorFinishedProducts
ProcessWater DMWater Steam Captive
PowerPlant
Others
(specify)
Ammonia Urea NPK
Etc
Sno Particulars Quantity
Unit
Qty Rs/MT Qty Rs/MT Qty Rs/MT Qty Rs/MT Qty Rs/MT Qty Rs/MT
Production(Qty)
1 Purchases
2 RawMaterialsConsumed
3 Power
4 DutyonPowerProduced
5 Fuel
6 Water
7a. PackingMaterialBags
7b. PackingMaterialThread
8. SubTotal
9 SalariesandWages
10 EmployeeWelfareOverheads
11 ContractLabour
12 ChemicalsandStores
13 Catalyst
14 RepairsandMaintenance
15. FactoryOverheads
16 AdministrativeOverheads
17 Insurance(exclLossofProfit
PolicyPremium)
18 Insurance(LossofProfitPolicy
Premium)
17
UtilitiesorOffsitesorIntermediatesorFinishedProducts
ProcessWater DMWater Steam Captive
PowerPlant
Others
(specify)
Ammonia Urea NPK
Etc
Sno Particulars Quantity
Unit
Qty Rs/MT Qty Rs/MT Qty Rs/MT Qty Rs/MT Qty Rs/MT Qty Rs/MT
19 Depreciation
20 MarketingExpense
20.1 PromotionandPublicityExpense
20.2 Warehousingexpense
20.3 HandlingExpense
20.4 Marketingofficeexpenses
20.5 Freight
21 TotalMarketingExpenses
22 Anyotherexpensesnotincluded
inCost


23 AnyotherIncomenotincluded
inCost


24 Interest
25 LessIncome
26 TotalCostofSales

18
PROFORMAD
StatementshowingProcesswiseUnitCostofProduction

NameoftheCompany
NameandaddressoftheUnit
ForthePeriod/Year

Rs/MT
UtilitiesorOffsitesorIntermediatesorFinishedProducts
Process
Water
DMWater Steam Captive
PowerPlant
Others
(specify)
Ammonia Urea NPK
Etc
Sno. Particulars Quantity
Unit
Rs/MT Qty Rs/MT Qty Rs/MT Qty Rs/MT Qty Rs/MT Qty Rs/MT
Production(Qty)
1 Purchases
2 RawMaterialsConsumed
3 Power
4 DutyonPowerProduced
5 Fuel
6 Water
7 PackingMaterialBags
PackingMaterialThread
8 UtilitiesorIntermediates(specify)
a)ProcessWater
b)DMWater
c)Steam
d)CaptivePowerPlant
e)Others(specify)
f)SubTotal
9 SalariesandWages
10 EmployeeWelfareOverheads
11 ContractLabour
12 ChemicalsandStores
19
Rs/MT
UtilitiesorOffsitesorIntermediatesorFinishedProducts
Process
Water
DMWater Steam Captive
PowerPlant
Others
(specify)
Ammonia Urea NPK
Etc
Sno. Particulars Quantity
Unit
Rs/MT Qty Rs/MT Qty Rs/MT Qty Rs/MT Qty Rs/MT Qty Rs/MT
13 Catalyst
14 RepairsandMaintenance
15 FactoryOverheads
16 AdministrativeOverheads
17 Insurance(exclLossofProfit
PolicyPremium)
18 Insurance(LossofProfitPolicy
Premium)
19 Depreciation
20 MarketingExpense
20.1 PromotionandPublicityExpense
20.2 WarehousingExpense
20.3 HandlingExpense
20.4 MarketingOfficeExpenses
20.5 Freight
Total
21 Anyotherexpensesnotincluded
inCost


22 AnyotherIncomenotincludedin
Cost


23 Interest
24 LessIncome
25 TotalCostofsales

20
PROFORMAE
StatementshowingActivitywiseallocationofAssetsandLiabilitiesoftheCompany

NameoftheCompany
NameandaddressoftheUnit
Asat

DirectAllocationtoFertilizerActivityoftheUnit
Utilities/offsites/intermediates FinalProduct
Sno. Particulars
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Totalallocated
foreach
Finished
Productwise
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Indirect)
Product1
Product2
1 ShareCapital(specifyEquity,
PreferenceShareetc
separately)
2 ReservesandSurplus(specify)
TotalNetworth
3 Borrowings
LongTermLoans
ShortTermLoans
CashCredit
InterActivityTransfer
TotalBorrowings
TotalCapitalEmployed
4 GrossFixedAssets@
Less:Accumulated
Depreciation@
NetFixedAssets@
21
DirectAllocationtoFertilizerActivityoftheUnit
Utilities/offsites/intermediates FinalProduct
Sno. Particulars
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Totalallocated
foreach
Finished
Productwise
(DirectPlus
Indirect)
Product1
Product2
5 CapitalWorkinProgress
6 Investments
RelatingtoBusiness
NotRelatingtoBusiness
7 CurrentAssets
CurrentLiabilities
NetWorkingCapital
8 Misc.Expenditure
ProfitandLossAccount
DeferredRevenueExpenditure
9 PreliminaryProjectActivity
TotalCapitalEmployed
NOTES:
1.@ExcludingImpactofRevaluationofAssets,ifanyandshowthesameseparately.
2.BasisofAllocationshouldbegivenindetailforeachitemwithcalculation.Incaseofneedcalculationstepsmaybeexplainedwithnoteinseparatesheet.

22
PROFORMAF
StatementshowingAllocationandApportionmentofTotalExpensesandIncomeoftheCompany

NameoftheCompany
NameandaddressoftheUnit
ForthePeriod/Year
DirectAllocationtoFertilizerActivityoftheUnit
Utilities/offsites/intermediates FinalProduct
Sno. Particulars
T
o
t
a
l

a
s

p
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r

A
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u
a
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y
)

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INCOME
1 Sale
2 Subsidy
3 OtherIncome
TotalIncome

EXPENSES
1 Purchases
2 RawMaterialsConsumed
3 Power
4 DutyonPowerProduced
5 Fuel
6 Water
7a. PackingMaterialBags
7b. PackingMaterialThread
SubTotal
8 SalariesandWages
9 EmployeeWelfareOverheads
10 ContractLabour
11 ChemicalsandStores
12 Catalyst
23
13 RepairsandMaintenance
14 FactoryOverheads
15 AdministrativeOverheads
16 Insurance(exclLossofProfitPolicy
Premium)

17 Insurance(LossofProfitPolicy
Premium)

18 Add:OpeningStockinProcess
Less:ClosingStockinProcess

Add:OpeningStockFinishedGoods
Less:ClosingStockFinishedGoods

19 Depreciation
20 MarketingExpenses
a. PromotionandPublicityExpense
b. WarehousingExpense
c. HandlingExpense
d. MarketingOfficeExpenses
e. Freight
TotalMarketingExpenses
21 Anyotherexpensesnotincludedin
Cost

22 AnyotherIncomenotincludedin
Cost

23 GrossProfit
24 Interest

25 PretaxProfit

26 ProvisionforTaxation

27 PostTaxProfit

ProfitabilityRatios

28 GrossProfittoTotalIncome%

29 PretaxProfittoNetWorth%

30 PosttaxProfittoNetWorth%

31 PretaxProfittoCapitalEmployed%

24
PROFORMAG
StatementofProfitReconciliation(forthecompanyasawhole)

NameoftheCompany
ForthePeriod/Year

Sno. Particulars CurrentYear

(Rs)
PreviousYear
(Rs)
1 ProfitorLossasperCostAccountingRecords
a)FortheProductGroupscoveredundertheseRules
b)ForallotherProductGroups
2
Add:Incomesnotconsideredincostaccounts:

(a) Specify

(b)

(c)

(d)

3
Less:Expensesnotconsideredincostaccounts:

(a) Specify
(b)
(c)
(d)
4 Add:OvervaluationofClosingStockinFinancialAccounts
5
Add:UndervaluationofOpeningStockinFinancialAccounts

6
Less:UndervaluationofClosingStockinFinancialAccounts

7
Less::OvervaluationofOpeningStockinFinancialAccounts

8 Adjustmentsforothers,ifany(specify
9
ProfitorLossasperFinancialAccounts

NOTES:
1. Separate cost statement shall be prepared for each utility, activity, subactivity, interunit,
and intercompany transfers relating to each type or category of process material,
intermediate, or final product produced in the prescribed proforma. In case process
materials, intermediates or final products got processed through outside agency on job
charges basis or on loan licence basis, separate cost statement shall be prepared in the
prescribedproformaindicatingjobprocessingchargesseparately.
2. Separateproformashallbepreparedforthequantityproducedforsalewithinthecountry
25
and the quantity produced for export sale. Expenses incurred on export and the incentive
earnedthereonshallbeindicatedintheproformaapplicableforthequantityproducedfor
exportsale.
3. In case the company follows a predetermined or standard costing system, the cost
statement shall reflect figures at actual after adjustment of variations, if any. Reasons for
variationsbetweenstandardsandactualshallbeclearlyrecorded.
4. In case, a jointproduct is sold without further processing, details in regard to quantities
sold, cost of sales and average sales realization etc. shall be indicated in the appropriate
statement. If these are further processed, separate cost statement shall be prepared. The
basisonwhichcostisapportionedtojointproductsshallbeindicatedintheproforma.
5. Basisofvaluationofbyproducts,rejects,scrapetc.forcredittotheprocess/productshould
beindicatedinthecostrecords.
6. Yieldpercentagetobegivenseparatelyforeachmainoutputwithrespecttomaininputs.
7. Supplementary cost sheets should be attached showing the actual rates of the cost of
inputs in case they are different for such quantity which has been used for non fertilizer/
nonagricultureuse.
8. AllitemsofincomeandexpendituresintheProformashallbereconciledwiththefinancial
accountfortherelevantperiod.
9. TheitemsofcostshownintheProformaareindicativeandthesameshouldbereflected
keepinginmindthematerialityoftheitemofcostintheproduct.

[F.No.52/7/CAB2011]

B.B.GOYAL
Adviser(Cost)