Articles by CMA Navneet Kr Jain

Cost Compliance Report and Applicability On New Industries

CMA Navneet Kr Jain 03 May 2012 at 12:45

Cost Compliance Report and Applicability On New Industries for the year 2011-12: From the year 2011-12 onwards many companies have come under the purview of Section 209(1)(d) of the companies Act

Central Excise Records/Returns and Relevance of Cost Records

CMA Navneet Kr Jain 17 April 2012 at 11:28

Recently on 30th March CBEC has issued one notification with regard to the documents to be produced during Excise audit and this article is a step towards explaining co-relation of costing and Excise Returns.

Statutory Audit of Construction/Real Estate Companies: CARR

CMA Navneet Kr Jain 23 March 2012 at 15:06

Applicability of Cost Records in Real Estate/Construction Industry Statutory Auditors of Construction/Real Estate Companies to exercise caution By Navneet Kumar Jain, Practising Cost Accountant, Delhi Till the year 2010-11, cost records were require

Challenges in Finalization of Accounts for the year 2011-12

CMA Navneet Kr Jain 17 January 2012 at 12:18

Challenges in Finalization of Accounts for the year 2011-12 post new Cost Accounting Records Rules By Navneet Kumar Jain FICWA, MBA, LL.B., M.COM., PGDTL, LIII., AIIISLA Ministry of Corporate Affairs has done a remarkable job for the indus

Inventory Valuations and Board of Director's Responsibility

CMA Navneet Kr Jain 28 November 2011 at 13:17

INVENTORY VALUATIONS AND BOARD OF DIRECTORS RESPONSIBILITY 2011-12 ONWARD UNDER NEW COST ACCOUNTING RECORD RULES-2011: By Navneet Kumar Jain, Practising Cost Accountant, Delhi Inventory valuation is one of the most important task in the accou

Roadmap for Cost Records preparation under new regime

CMA Navneet Kr Jain 29 August 2011 at 13:03

Sub: Roadmap for Cost Record Maintenance / issue of Compliance Certificate under Companies (Cost Accounting Record Rules) 2011. After the issue of new notifications on 02/05/2011, 03/05/2011, 03/06/2011& 30/06/2011 the companies are required

Alignment of Excise Classification Code and Products under Cost Audit

CMA Navneet Kr Jain 01 July 2011 at 13:37

Alignment of Excise Classification Code and products under Cost Audit (under Sec 233B) of Companies Act (year 2011-12 onwards) Amendment to Notification dtd 3rd May, 2011 Sir, In continuation of our earlier updates on cost audit, we would like

Mandatory Cost Audit.Cost compliance for the FY 2011-12

CMA Navneet Kr Jain 30 June 2011 at 12:44

Sub: Latest amendment with relation to Cost Records (Sec 209(1)(d) and Cost Audit (Sec 233B) of Companies Act to be complied from the year 2011-12 onwards Sir, Ministry of Corporate Affairs has recently issued various notifications/cir