Cost Accounting Standards
| Cost Accounting Standards | |||
| CAS No | Title | Objective | Useful for |
| CAS1(Final) | Classification of Cost |
For preparation of Cost Statements |
Assessment of excise duty and other taxes, anti-dumping measures, transfer pricing etc. |
| CAS2(Final) | Capacity Determination |
For determination of capacity |
Proper allocation, apportionment and absorption of cost. |
| CAS3(Final) | Overheads |
For Collection, Allocation, Apportionment and Absorption of overheads |
Determining Cost of products, services or activities |
| CAS4(Final) | Cost of Production for Captive Consumption |
To determine the assessable value of excisable goods used for captive consumption. |
Determining Cost of products, services or activities |
| CAS5(Final) | Average (equalized) Cost of Transportation | To determine averaged/equalized transportation cost | Calculating the amount of deduction from assessable value of excisable goods, freight subsidy, Insurance claim valuation, etc |
| CAS6(Final) | Material Cost | To bring uniformity and consistency in the principles and methods of determining the material cost with reasonable accuracy in an economically feasible manner. | Applicable to all cost statements which require measurement, assignment, classification and presentation of material costs. To be followed in all cost statements requiring assurance including attestation. |
| CAS7(Final) | Employee Cost | To bring uniformity and consistency in the principles and methods of determining the Employee cost with reasonable accuracy. | Applicable to cost statements which require classification, measurement, assignment, presentation and disclosure of Employee cost including those requiring attestation |
| CAS8(Final) | Cost of Utilities | To bring uniformity and consistency in the principles and methods of determining the Cost of Utilities with reasonable accuracy. | Applicable to cost statements which require classification, measurement, assignment, presentation and disclosure of Cost of Utilities including those requiring attestation |
| CAS9(Final) | Packing Material Cost | To bring uniformity and consistency in the principles and methods of determining the Packing Material Cost with reasonable accuracy. | Applicable to cost statements which require classification, measurement, assignment, presentation and disclosure of Packing Material Cost including those requiring attestation |
| CAS10(Final) | Direct Expenses | To bring uniformity and consistency in the principles and methods of determining the Direct Expenses with reasonable accuracy. | Applicable to cost statements which require classification, measurement, assignment, presentation and disclosure of Direct Expenses including those requiring attestation |
| CAS11 (Final) | Administrative Overheads | To bring uniformity and consistency in the principles and methods of determining the Administrative Overheads with reasonable accuracy. | Applicable to cost statements which require classification, measurement, assignment, presentation and disclosure of Administrative Overheads including those requiring attestation |
| CAS12 (Final) | Repairs And Maintenance Cost | To bring uniformity and consistency in the principles and methods of determining the Repairs and Maintenance Cost with reasonable accuracy. | Applicable to cost statements which require classification, measurement, assignment, presentation and disclosure of Repairs and Maintenance Cost including those requiring attestation |
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