1. COST AUDIT & COST COMPLIANCE SERVICES
Behind Every Successful Business Decision, There is always a CMA
COST AUDIT & COST COMPLIANCE SERVICES
Dey Deshmukh Nevin & Associates LLP
Cost Accountants
A COMPLETE SOLUTION
Dey Deshmukh Nevin & Associates LLP Cost Accountants
HO : J-85, Sriniwaspuri New Delhi , /
Presence at : Noida, Mumbai , Pune, Chennai, & Ahmedabad

2. About Us
Dey Deshmukh Nevin & Associates LLP, team of Practicing Cost Accountants, registered with The Institute of Cost Accountants of India and with MCA with Offices at Major cities in India managing by experienced Cost Accountants who are vest with diversified knowledge and exposure in the filed of Cost and Management Accountancy , Taxation, Finance & Auditing.
Our team members comprises Experienced Cost Accountants, CA’s, CS’s, MBA’s & Chartered Engineer’s. We Committed our experience and skill to provide high quality professional service to the clients with commitment to the highest standards of ethics and integrity.
We are specialised in Cost Audit and Cost Compliance Certification and maintenance of Cost Records as per CAAR 2011
Vision "To be one of India’s leading Professional services firm and to provide maximum value to its clients.“
Mission "To be best in class, multifaceted accounting firm bounded by Code of Ethics, delivering clients best
affordable services with assurance of professional integrity.“
Respect We are committed to a philosophy of mutual respect, in our dealings with clients, people and all our stakeholders.
Integrity We are committed to integrity in our efforts, in our commitments to clients and our people, and in our conduct provide high quality professional services to the clients.

3. We are value leader in the field of Cost and Management Accountancy
Our Services
We are value leader in the field of Cost and Management Accountancy
We provide services all cross India through our Branch offices situated in major cities and managing by senior most CMAs
OUR CORE SERVICES INCLUDES
• Cost Audits and Cost Compliance certification as per C.A.R. Rule 2011 Issued by MCA • Certificate of Cost of production of captive consumed goods as per Rule 8 of Central Excise Act, 1944
• Certificate for Average Cost of transportation as per Rule 5 of the Central Excise Valuation Rule 2000
• Other various certification under Excise, Custom , DGFT etc
• Revenue Assurance Audit and Regulatory Audits • Special Audits under Central Excise, Custom & Service Tax Acts
• VAT / Sales Tax Audit and Other Sales Tax Consultancy • Financial Accounting/Book keeping Outsourcing Services
• Conversion of Financial Statement from Indian GAAP into IFRS & US GAAP. • Risk Management • Direct & indirect Tax Services : Return Filling, Assessment, Settlement ,etc.
• XBRL filling with MCA
• Special Assignment related to cases with ROC, SEBI, Tax Authorities
• Company secretarial works related to filling of annual return with ROC, company formation, etc
• Business Finance Advisory: act as intermediary to facilitate Bank Finance and L/c & Bills Discounting
We understand our clients and there Presentation requirement in Financial Statement
We provide user friendly Service

4. Our Offices & Leading experienced CMAs
Dey Deshmukh Nevin & Associates LLP
Head Office
Delhi & NCR
J-85, Sriniwaspuri, New Delhi /
Ashish Dey
Branch Offices
Noida
Aravalli Apartment, Sector-52, Noida
Shilpi Goyal
Mumbai
Shanker Chaudhary
A/906, Bhoomi Hills Chs Ltd., Thakur Village, Kandavali (E), Mumbai-101
Pune
Flat:10, Build A-12, New SKF Colony, Chinchwadgaon, Pune-33
Ashish Deshmukh
Chennai
Dr Natesan Road, 1stLane, Triplicane,Chennai-05
John D Nevin
Ahmedabad
170/B, ONGC, CISF Colony, Western Sector, ChandKhera
Ahmedabad-05, Gujrat
Shivani Dhoble
Associate Offices
Dhanbad
Kolkata
Raipur

5. MANDADORY COST COMPLIANCE ORDER
Glance at recent notifications issued by Cost Audit Branch of Ministry of Corporate Affairs
MANDADORY COST COMPLIANCE ORDER
GSR No. 429 (E) dated 3rd June, 2011
prescribing The Companies (Cost Accounting Records) Rules , 2011 :
Applicable for all Companies Whose
Aggregate value of Net Worth > Rs 5 crores , OR
Aggregate value of turnover > Rs 20 Crs , OR
Equity/Debt securities listed in Stock Exchange
Procedure for Cost Compliance certificate
Every companies CAR applicable must submit cost compliance certificate along with Annual return with MCA.
In the prescribed form
Duly certified by Cost Accountant
In respect of each of the FY commencing on or after 1st April 2011

6. Cost Audit Order dated 2nd May ‘2011
Glance at recent notifications issued by Cost Audit Branch of Ministry of Corporate Affairs
Cost Audit Order dated 2nd May ‘2011
8 Industries Covered
Bulk Drugs
Formulation’
Fertilizers
Sugar
Industrial Alcohol
Electricity
Petroleum
Telecommunication
Criteria
Aggregate value of Net Worth > Rs 5 crores , OR
Aggregate value of turnover > Rs 20 Crs OR
Equity/Debt securities listed in Stock Exchange
MANDATORY COST AUDIT
Order No. F. No. 52/26/CAB/2010, dt. 2nd May ‘2011 for Cost Audit by all Companies in 8 Groups of
Regulated Industries.
Period of Reporting- Each of the FY commencing on or after the 1st April, 2011

7. Glance at recent notifications issued by Cost Audit Branch of Ministry of Corporate Affairs
Cost Audit Order dated 3rd May ‘2011
Subsequently modified on 30th June ‘2011
9 Industries Covered
Cement
Tyres & Tubes
Steel Plants
Steel Tubes & Pipe
Paper
Insecticides
Glass
Paints & Varnishes
Aluminum
Criteria
Aggregate value of turnover > Rs 100 Crs OR
Equity/Debt securities listed in Stock Exchange
MANDATORY COST AUDIT
Order No. F. No. 52/26/CAB/2010, dt. 3rd May ‘2011 ( subsequently modified on 30th June ‘2011 ) for Cost Audit by all Companies in 6 Groups of Industries.
Period of Reporting- Each of the FY commencing on or after the 1st April, 2011

8. Cost Audit Order dated 24th January 2012
Glance at recent notifications issued by Cost Audit Branch of Ministry of Corporate Affairs
Cost Audit Order dated 24th January 2012
9 Industries Covered
Jute, Cotton, Silk, Woolen or Blended Fibers/Textiles
Edible Oil Seeds and Oils(including vanaspati)
Packaged Food Products
Organic & Inorganic Chemicals
Coal & Lignite
Mining & Metallurgy of Ferrous & Non-Ferrous Metals
Tractors & other Motor Vehicles(incl. automotive components)
Plantation Products.
Engineering Machinery (incl.Electrical & Electronic products)
Criteria
Aggregate value of turnover > Rs 100 Crs OR
Equity/Debt securities listed in Stock Exchange
MANDATORY COST AUDIT
Order No. F. No. 52/26/CAB/2010, dt. 24th January ‘2012 for Cost Audit by all Companies in 9 Groups of Industries.
Period of Reporting- Each of the FY commencing on or after the 1st April, 2012

9. Cost Audit Order dated 6th November 2012
Glance at recent notifications issued by Cost Audit Branch of Ministry of Corporate Affairs
Cost Audit Order dated 6th November 2012
From FY , Industries producing/processing followings products also covered under the cost audit :
Sl no.
Name of the Product or Activity Group 1
Sugar and Sugar Products 19
National long distance services 2
Molasses 20
International long distance Services 3
Ethyl Alcohol and other Spirits 21
Public mobile radio trunk services 4
Petroleum Oils ‐ Crude 22
Global mobile personal communication services 5
Petroleum Oils ‐ Refined 23
Passive telecom infrastructure and tower facilities 6
Petroleum Gases and other Gaseous Hydrocarbons 24
Cable landing stations 7
Other Petroleum Products 25
Broadcasting and related services 8
Electrical Energy 26
Other communication services not elsewhere specified 9
Bulk Drugs 27
Transmission or distribution of electricity 10
Pharmaceutical Products 28
Meat and Meat Products 11
Animal or Vegetable Fertilizers 29
Marine Products 12
Mineral or Chemical Fertilizers‐ Nitrogenous 30
Milk and Milk Products 13
Mineral or Chemical Fertilizers‐ Phosphatic 31
Poultry and Related Products 14
Mineral or Chemical Fertilizers‐ Potassic 32
Bee Products 15
Mineral or Chemical Fertilizers-Other 33
Vegetables 16
Basic telephone services ‐wired and WLL 34
Fruits and Nuts 17
Cellular mobile telephone services ‐ wireless and WLL 35
Coffee and Coffee Products 18
Internet and broadband services 36
Tea and Tea Products 

10. 37
Spices ‐ processed or unprocessed 68
Lubricating Preparations 38
Cereals, Flour and Product of Cereals 69
Waxes and Wax Products 39
Oil Seeds and Products of Oil Seeds 70
Explosives 40
Other Seeds and Plants 71
Fireworks, Matches and Combustible Materials 41
Vegetable Saps or Products 72
Photographic and Cinematographic Goods 42
Animal or Vegetable Fats and Oils 73
Insecticides 43
Sugar Confectionery or Chocolates 74
Chemicals ‐ Plastics and Polymers 44
Cocoa Products 75
Articles of Plastics and Polymers 45
Prepared Food Products 76
Rubber and Rubber Products 46
Mineral Water and Aerated Drinks 77
Rubber Tyres and Tubes 47
Alcoholic Beverages 78
Raw Hides, Skins and Leather 48
Vinegar 79
Leather Products 49
Food Residues or Prepared Animal Feed 80
Wood and Wood Products 50
Unmanufactured and 81
Pulp of Wood and other substances 51
Tobacco Products 82
Newsprint 52
Mineral Products 83
Paper and Paperboard 53
Cement 84
Articles of Paper and Paperboard 54
Mineral Fuels (other than Petroleum) 85
Silk 55
Chemical Elements 86
Silk Yarn 56
Inorganic Chemicals and their Derivatives 87
Silk Fabrics 57
Organic Chemicals and their Derivatives (excluding Bulk Drugs) 88
Wool 58
Albuminoidal Substances,Starches, Glues and Enzymes 89
Wool Yarn 59
Miscellaneous Chemical Products 90
Wool Fabrics 60
Tanning Substances 91
Cotton 61
Colours, Dyes and Pigments 92
Sewing Thread 62
Paints and Varnishes 93
Cotton Yarn 63
Inks and Colours 94
Cotton Fabrics 64
Plasters and Fillers 95
Other Textile Yarns or Fibers 65
Essential Oils 96
Other Textile Fabrics 66
Personal Care Products 97
Synthetic Yarns or Fibers 67
Soaps, Detergents and Cleaning Agents 98
Synthetic Fabrics

11. 99
Carpets and textile floor coverings
128
Batteries and Accumulators
100
Other Textile Fabrics or Products
129
Electrical and Electronic Equipments or Appliances
101
Knitted or Crocheted Fabrics
130
Railway Rolling Stock
102
Apparel and Clothing
131
Parts of Railway Rolling Stock
103
Furnishings
132
Railway Track Fixtures and Fittings
104
Footwear and Parts thereof
133
Containers
105
Headgear and Parts thereof
134
Commercial Vehicles (3 or more wheels)
106
Articles of Stones, Plaster, Cement, Asbestos and Mica
135
Passenger Vehicles (4 or more wheels)
107
Ceramic Products
136
Parts and Accessories of Vehicles
108
Glass and Glass Products
137
Passenger Vehicles (2 and 3 Wheelers) ‐ Motorised
109
Pearls, Diamonds, Stones and Jewellery Articles
138
Passenger Vehicles (2 or 3 Wheelers) ‐ Non Motorised
110
Primary Ferrous Materials
139
Non‐powered Aircraft and parts thereof
111
Iron and Non‐Alloy Steel
140
Aircraft, Spacecraft and parts thereof
112
Stainless Steel
141
Parachutes and Rotochutes
113
Other Alloy or Non‐Alloy Steel
142
Ships and Boats
114
Steel Products
143
Floating Structures
115
Copper and Copper Products
144
Optical Equipments and parts thereof
116
Nickel and Nickel Products
145
Photographic or
117
Aluminium and Aluminium Products
146
Cinematographic Equipment and parts thereof
118
Lead and Lead Products
147
Measuring Instruments and parts thereof
119
Zinc and Zinc Products
148
Surgical or Medical Instrument and parts thereof
120
Tin and Tin Products
149
Clocks or Watches and Parts thereof
121
Other Base Metals and their Products
150
Musical Instruments and Parts thereof
122
Hand Tools
151
Medical or Vehicular or other Furniture and Mattress and parts thereof
123
Nuclear Reactors and Accessories
152
Lights and Fittings
124
Boilers and Accessories
153
Prefabricated Buildings
125
Engines or Motors and parts thereof
154
Toys, games and sports Equipments
126
Machinery and Mechanical appliances
155
Stationery Items
127
Electric Motors, Generators,Transformers and Parts thereof
156
Miscellaneous manufactured articles

12. Some Important Key Points
1. Appointment of Cost Auditors
The Audit Committee of the company shall be the first point of reference regarding the appointment of Cost Auditors.
The Cost Auditor has to be appointed by company within 90 days from the date of commencement of each financial year
by fling FORM 23C with the Central Government on Ministry of Corporate Affairs Portal.
On Filing the application, the same shall be deemed to be approved by the Central Government, unless contrary is heard within 30 days from the date of filing such application.
2. The Companies (Cost Audit Report) Rules, 2011 was notified by Ministry of Corporate Affairs on June 3rd, stating the revised rules for Cost Audit Report and in supersession of the Cost Audit Report Rules, The cost audit report submitted on or after April 1st, 2012, irrespective of the financial year of the company to which it relates, shall be in the form prescribed under these rules.
3. The Annexure prescribed with the cost audit report shall be approved by the Board of Directors before submitting the same to the Central Government by the cost auditor. The Annexure, duly audited by the cost auditor, shall also be signed by the Company Secretary and at least one Director on behalf of the company. In the absence of Company Secretary in the company, the same shall be signed by at least two Directors.
4. A cost accountant in full time practice or a firm of cost accountants appointed for conducting cost audit of a product/activity of a company is eligible to also authenticate the Compliance Report of the Company in respect of Companies (Cost Accounting Records) Rules 2011

13. Some Important Key Points
5 . A company coming under the purview of the Cost Audit for the first time, the cost auditor shall mention figures for the previous year (s) certifying by means of a note that the figures so stated are on the basis of information furnished by the management, for which he has obtained a certificate from them.
6. Cost Audit Report is to be prepared for the company as a whole in respect of the product/activity coming under cost audit.
7. Ministry of Corporate Affairs has issued the following revised Cost Accounting Record Rules vide notification dated December 7th, 2011
The Cost Accounting Records (Telecommunication Industry) Rules, 2011
The Cost Accounting Records (Sugar Industry) Rules, 2011
The Cost Accounting Records (Pharmaceutical Industry) Rules, 2011
The Cost Accounting Records (Petroleum Industry) Rules, 2011
The Cost Accounting Records (Fertilizer Industry) Rules, 2011
The Cost Accounting Records (Electricity Industry) Rules, 2011
8. Name and Details of Cost Auditor is compulsory in Annual Report .
9. CARO disclosure in Statutory Audit Report is mandatory in regards to cost accounting records maintenance.

14. Dey Deshmukh Nevin & Associates LLP Cost Accountants
Any Query
Give us Chance to Serve You
You
Ashish Dey
B.Com(H), ACMA,CMA(USA),DIFRS
CEO & Partner
HO : J-85, Sriniwaspuri, New Delhi , India
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