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CAS-4 certificate

Sachin Adsul (HOD Excise dept) (178 Points)

10 March 2009

Please any body explain me what is CAS-4 certificate?

in excise matter I know about that anly CAS-4 means Cost accounting standard 4 & in that we have furnished all detail regarding our material send to sister concern only, inthat we have all detail of consumed material, wages. overheads, i know this all but i am not able to get CAS-4 certificate, in my range they asking for that can send me CAS-4 certificate.

Please giv me urgently

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8 Replies

Sachin Adsul (HOD Excise dept) (178 Points)
Replied 23 March 2009

Originally posted by :Sachin Adsul
"	Please any body explain me what is CAS-4 certificate? in excise matter I know about that anly CAS-4 means Cost accounting standard 4 & in that we have furnished all detail regarding our material send to sister concern only, inthat we have all detail of consumed material, wages. overheads, i know this all but i am not able to get CAS-4 certificate, in my range they asking for that can send me CAS-4 certificate. Please giv me urgently	"

Dear Experts

Please send me CAS-4 urgently

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Tushar Joshi (Service) (34 Points)
Replied 25 March 2009

Dear Mr. Sachin,

you can get CAS-4 from certified CWA practioner. Just provide him the data required. He will provide you the CAS-4 certificate.

S. Banerjee (Practising Cost Accountant. Core area- Central Excise. Service Tax Costing system installation including maintenance of Cost Records and Cost Audit and Management Audit mainly Revenue leakages Audit) (622 Points)
Replied 26 March 2009

Mr Adsul,

If you are interested to take CAS-4 you may contract with me at banerjee.sambhu @ rediffmail.com

and my cell no is 9433050121. Wating for mail/call.

Thanks, S. Banerjee

Rajeev Nair (Finance Professional) (510 Points)
Replied 15 December 2009

Hi-

I completely agree to views of Rajeshji on this thread- except a confusion as i had practical experience on this subject -

Ok, that we consider rejected/returned material as deemed input and enter the same to P-I

My question why the question of reversal of Duty arises. As ours was a PAINT Mfg.Co, we always used to get returned materials from Distributors due to XYZ reasons but not on Quality Grounds....ha..ha..

We used to take the same into PART-I, reprocess if needed and again there's a Sales transaction paying Duty on It. Please clarify...

Rajeev Nair (Finance Professional) (510 Points)
Replied 15 December 2009

Dear Mr.Ramesh- enclosing here with Annexure-19 as attachment

Attached File : 38 annexure 19.xls downloaded: 1866 times

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Manish Padmakar Sulakshane (Accountant) (27 Points)
Replied 05 February 2010

Please any body explain me what is CAS-4 certificate?

Please giv me urgently

Mr. Manish,

CAS-4 is a Statement of cost of production of an item manufactured/to be manufactured during the period which is to be collected from a practicing cost accountant of India.

Rule 8, of the Central Excise Valuation (Determination of Price of Excisable Goods) Rules, 2000 provides where the excisable goods are not sold by the assessee but are used for consumption by him or on his behalf in the production or manufacture of other articles, the value shall be 110% of the cost of production or manufacture of such goods.

“The Institute of Cost and Works Accountants of India has issued Cost Accounting Standard i.e. CAS-4 titled ‘Cost of Production for Captive Consumption’ for determination the Cost of Production of a product based upon general principals of costing of a commodity” . The standard deals with determination of cost of production for captive consumption of a commodity.

Hope now it is clear to you,

Thanking you, S. Banerjee