CENTRAL EXCISE TARIFF 2012-13
(source :http://www.cbec.gov.in)

Central Excise Act
General Excise Act -      The Central Excise Tariff Act, 1985 (5 of 1986) -      General Rules for interpretation of the Schedule to the Central Excise Tariff Act, 1985. (General Explanatory Notes and Additional Notes) -      Additional Duties of Excise (Goods of Special Importance) Act, 1957 (58 of 1957) -      Additional Duties of Excise (Textiles and Textile Articles) Act, 1978 (40 of 1978) -      Provisional Collection of Taxes Act, 1931 (16 of 1931) -      Provisions of Finance (No.2) Act, 2004 relating to levy of Education Cess on excisable goods
THE FIRST SCHEDULE To the Central Excise Tariff Act, 1985 (5 of 1986) and Exemption Notifications (other than general)
SECTION-I LIVE ANIMALS; ANIMAL PRODUCTS
Chapters 1-4	Chapter 1: Live Animals
	Chapter 2: Meat and edible meat offal
	Chapter 3: Fish and crustaceans, molluscs and other aquatic invertebrates
	Chapter 4: Dairy produce; birds’ eggs; natural honey; edible products of animal origin, not elsewhere specified or included
Chapters 5-6	Chapter 5: Products of animal origin, not elsewhere specified or included
SECTION-II VEGETABLE PRODUCTS
	Chapter 6: Live trees and other plants; bulbs, roots and the like; cut flowers & ornamental foliage
Chapter 7	Edible vegetables and certain roots and tubers
Chapter 8	Edible fruit and nuts; peel of citrus fruit or melons
Chapter 9	Coffee, tea, mate and spices
Chapter 10	Cereals
Chapter 11	Products of the milling industry; malt; starches; inulin; wheat gluten
Chapter 12	Oil seeds and oleaginous fruits, miscellaneous grains, seeds and fruit; industrial or medicinal plants; straw and fodder
Chapter 13	Lac; gums; resins and other vegetable saps and extracts
Chapter 14	Vegetable plaiting materials; vegetable products, not elsewhere specified or included
SECTION-III ANIMAL OR VEGETABLE FATS AND  OILS AND THEIR CLEAVAGE PRODUCTS; PREPARED EDIBLE FATS; ANIMAL OR VEGETABLE WAXES.
Chapter 15	Animal or vegetable fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes
SECTION-IV PREPARED FOODSTUFFS; BEVERAGES AND VINEGAR; TOBACCO AND MANUFACTURED TOBACCO SUBSTITUTES
Chapter 16	Preparations of meat, of fish or of crustaceans, molluscs or other aquatic  invertebrates
Chapter 17	Sugar and sugar confectionery.
Chapter 18	Cocoa and cocoa preparations
Chapter 19	Preparations of cereals, flour, starch or milk; pastrycooks' products
Chapter 20	Preparations of vegetables, fruit, nuts or other parts of plants.
Chapter 21	Miscellaneous edible preparations
Chapter 22	Beverages, vinegar and spirits
Chapter 23	Residues and wastes from the food industries; prepared animal fodder
Chapter 24	Tobacco  and  manufactured  tobacco  substitutes
SECTION-V MINERAL PRODUCTS
Chapter 25	Salt; sulphur; earths and stone; plastering materials, lime and cement
Chapter 26	Ores, slag and ash
Chapter 27	Mineral fuels, mineral oils and products of their distillation; bituminous substances, mineral waxes
SECTION-VI PRODUCTS OF THE CHEMICAL OR ALLIED INDUSTRIES
Chapter 28	Inorganic chemicals; organic or inorganic compounds of precious metals, of rare earth metals, of radioactive elements or of  isotopes
Chapter 29	Organic chemicals
Chapter 30	Pharmaceutical products
Chapters 31-32	Chapter 31: Fertilizers
	Chapter 32: Tanning or dyeing extracts; tannins and their derivatives; dyes, pigments and other colouring matter; paints and varnishes; putty and other mastics; inks
Chapters 33-34	Chapter 33: Essential oils and resinoids; perfumery, cosmetics or toilet preparations
	Chapter 34: Soap, organic surface-active agents, washing preparations, lubricating preparations, artificial waxes, prepared waxes, polishing or scouring preparations, candles and similar articles, modelling pastes, dental waxes and dental preparations with a basis of plaster
Chapters 35-37	Chapter 35: Aluminoidal substances; modified starches; glues; enzymes
	Chapter 36: Explosives; pyrotechnic products; matches; pyrophoric alloys; certain  combustible  preparations
	Chapter 37: Photographic or cinematographic goods
Chapters 38-39	Chapter 38: Miscellaneous chemical products
SECTION-VII PLASTICS AND ARTICLES THEREOF: RUBBER AND ARTICLES THEREOF
	Chapter 39: Plastics and articles thereof
Chapter 40	Rubber and articles thereof
SECTION-VIII RAW HIDES AND SKINS, LEATHER, FURSKINS  AND ARTICLES THEREOF; SADDLERY AND HARNESS;TRAVEL GOODS, HANDBAGS AND SIMILAR CONTAINERS;  ARTICLES OF ANIMAL GUT (OTHER THAN SILK - WORM GUT)
Chapter 41	Raw Hides and Skins (other than Furskins) and Leather
Chapters 42-43	Chapter 42: Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silk-worm gut)
	Chapter 43: Furskins and artificial fur; manufacturers thereof
SECTION-IX WOOD AND ARTICLES OF WOOD; WOOD CHARCOAL; CORK AND ARTICLES OF CORK; MANUFACTURES OF STRAW,  OF ESPARTO OR OF OTHER PLAITINGMATERIALS; BASKETWARE AND WICKERWORK
Chapters 44-45	Chapter 44: Wood and articles of wood, wood charcoal
	Chapter 45: Cork and articles of cork
Chapter 46	Manufactures of straw, of esparto or of other plaiting materials; Basket-ware and wickerwork
SECTION-X PULP OF WOOD OR OF OTHER FIBROUSCELLULOSIC MATERIAL; RECOVERED (WASTEANDSCRAP) PAPER OR PAPER- BOARD; PAPER AND PAPER-BOARD AND ARTICLES THEREOF
Chapters 47-48	Chapter 47: Pulp of wood or of other fibrous cellulosic material; recovered (waste and scrap)  paper or paperboard
	Chapter 48: Paper and paperboard; articles of paper pulp, of paper or of paperboard
Chapters 49-51	Chapter 49: Printed books, newspapers, pictures and other products of the printing industry, manuscripts, typescripts and plans
SECTION-XI TEXTILES AND TEXTILE ARTICLES
	Chapter 50: Silk
	Chapter 51: Wool, fine or coarse animal hair; horsehair yarn and woven fabric
Chapter 52	Cotton
Chapter 53	Other vegetable textile fibres; paper yarn and woven fabrics of paper yarns
Chapter 54	Man-made filaments; strip the like of man-made textile materials
Chapter 55	Man-made staple fibres
Chapters 56-58	Chapter 56: Wadding, felt and nonwovens; special yarns; twine, cordage, ropes and cables and articles thereof
	Chapter 57: Carpets and other textile floor coverings
	Chapter 58: Special woven fabrics; tufted textile fabrics; lace; tapestries; trimmings; embroidery
Chapter 59	Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for industrial use
Chapter 60	Knitted or crocheted fabrics
Chapters 61-62	Chapter 61: Articles of apparel and clothing accessories, knitted or crocheted
	Chapter 62: Articles of apparel and clothing accessories, not knitted or crocheted
Chapters 63-68	Chapter 63: Other made up textile articles, sets, worn clothing and worn textile articles; rags
SECTION-XII FOOTWEAR, HEADGEAR, UMBRELLAS, SUN UMBRELLAS, WALKINGSTICKS, SEAT-STICKS, WHIPS, RIDING - CROPS AND PARTS THEREOF, PREPARED FEATHERES AND ARTICLES MADE THEREWITH; ARTICIFICAL FLOWERS, ARTICLES OF HUMAN HAIR
	Chapter 64: Footwear gaiters and the like; parts of such articles
	Chapter 65: Headgear and parts thereof
	Chapter 66: Umbrellas, sun umbrellas, walking-sticks, seat-sticks, whips, riding-crops and parts thereof
	Chapter 67: Prepared feathers and down and articles made of feather or of down - artificial flowers; articles of human hair
SECTION-XIII ARTICLES OF STONE, PLASTER, CEMENT, ASBESTOS, MICA OR SIMILAR MATERIALS: CERAMIC PRODUCTS:GLASS AND GLASSWARE
	Chapter 68: Articles of stone, plaster, cement, asbestos, mica or similar material
Chapters 69-71	Chapter 69: Ceramic products
	Chapter 70: Glass and glassware
SECTION-XIV NATURAL OR CULTURED PEARLS, PRECIOUS OR SEMI-PRECIOUS STONES, PRECIOUS METALS, METALS CLAD WITH PRECIOUS METAL, AND ARTICLES THEREOF: IMITATION JEWELLERY; COIN
	Chapter 71: Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal, and articles thereof;  imitation  jewellery;  coin.
SECTION-XV BASE METALS AND ARTICLES OF BASE METAL
Chapter 72	Iron and steel
Chapter 73	Articles of iron or steel
Chapter 74	Copper and articles thereof
Chapters 75-76	Chapter 75: Nickel and articles thereof
	Chapter 76: Aluminium and articles thereof
Chapters 77-78	Chapter 77: Blank
	Chapter 78: Lead and articles thereof
Chapter 79	Zinc and articles thereof
Chapter 80	Tin and articles thereof
Chapters 81-83	Chapter 81: Other base metals; cermets; articles thereof
	Chapter 82: Tools, implements, cutlery, spoons and forks of base metal; parts thereof of base metal
	Chapter 83: Miscellaneous articles of base metal
SECTION-XVI MACHINERY AND MECHANICAL APPLIANCES, ELEC-TRICAL EQUIPMENTS; PARTS THEREOF; SOUND RECORDERS AND REPRODUCERS, TELEVISION IMAGE AND SOUND RECORDERS AND REPRODUCERS, AND PARTS AND ACCESSORIES OF SUCH ARTICLES
Chapter 84	Nuclear reactors, boilers, machinery and mechanical appliances; parts  thereof
Chapter 85	Electrical machinery and equipment and parts thereof; sound recorders and re-producers, television image and sound recorders and reproducers, and parts and accessories of such articles
SECTION-XVII VEHICLES, AIRCRAFT, VESSELS AND ASSOCIATED TRANSPORT EQUIPMENT
Chapters 86-87	Chapter 86: Railway or tramway locomotives, rolling-stocks and parts thereof; railway or tramway track fixtures and fittings and parts thereof; mechanical  (including  electro-mechanical)  traffic  signalling equipment of all kinds
	Chapter 87: Vehicles other than railway or tramway rolling-stocks, and parts and accessories thereof
Chapter 88	Aircraft; spacecraft and parts thereof
Chapter 89	Ships, boats and floating structures
SECTION-XVIII OPTICAL, PHOTOGRAPHIC, CINEMATOGRAPHIC, MEASURING, CHECKING, PRECISION, MEDICAL OR SURGICAL INSTRUMENTS AND APPARATUS; CLOCKS AND WATCHES; MUSICAL INSTRUMENTS; PARTS AND ACCESSORIES THEREOF
Chapter 90	Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories  thereof
Chapters 91-92	Chapter 91: Clocks and watches and parts thereof
	Chapter 92: Musical instruments; parts and accessories of such articles
SECTION-XIX ARMS AND AMMUNITION, PARTS AND ACCESSORIES THEREOF
Chapters 93-95	Chapter 93: Arms and ammunition; parts and accessories thereof
SECTION-XX MISCELLANEOUS MANUFACTURED ARTICLES
	Chapter 94: Furnitures; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated signs, illuminated name-plates and the like; prefabricated buildings
	Chapter 95: Toys, games and sports requisites; parts and accessories thereof
Chapters 96-98	Chapter 96: Miscellaneous manufactured articles
SECTION XXI WORKS OF ART, COLLECTORS’ PIECES AND ANTIQUES
	Chapter 97: Blank
	Chapter 98: Blank
General Exemptions	General Exemptions Central Excise Tariff 2012-13

 

SECOND  SCHEDULE and THIRD SCHEDULE	Second Schedule and Third Schedule-Central Excise Act, 1944
Appendix - I and II	Appendix-I  : The Additional Duties of Excise (Goods of Special Importance) Act, 1957 Appendix-II : The Additional Duties of Excise (Textiles and Textile Articles) Act, 1978
Appendix - III	National Calamity Contingent Duty (NCCD)
Appendix – IV and IVA	Appendix-IV   : Cess on various commodities collected as central excise duty Appendix-IVA : Clean Energy Cess, Clean Energy Cess Rules, 2010
Appendix – V, VI and VII	Appendix-V : Assessment on the basis of MRP (abatement as a percentage of retail sale price) Appendix-VI: Additional duty of excise on pan-masala and certain tobacco products Appendix-VII : Provisions of Finance Bill, 2007 relating to levy of Secondary & Higher Education Cess on excisable goods.
Appendix A and B	Appendix-A : Year-wise index of main notifications in force as on 17.3.2012 and Clean Energy Cess Appendix-B : list of central excise notifications (tariff/non tariff) rescinded/Superseded/validity expired during the period 10.7.2004 to 17.3.2012

Periodic returns under Central Excise

Periodic returns under Central Excise

Assessee is required to file periodic returns.

Form of Return	Description	Who is required to file	Time limit for filing return
ER-1 [Rule 12(1) of Central Excise Rules]	Monthly Return by large units	Manufacturers not eligible for SSI concession	10th of following month
ER-2 [Rule 12(1) of Central Excise Rules]	Return by EOU	EOU units	10th of following month
ER-3 [Proviso to Rule 12(1) of Central Excise Rules]	Quarterly Return by SSI	Assessees availing SSI concession	20th of next month of the quarter
ER-4 [Rule 12(2) of Central Excise Rules]	Annual Financial Information Statement	Assessees paying duty of Rs. one crore or more per annum through PLA	Annually by 30th November of succeeding year
ER-5 [Rules 9A(1) and 9A(2) of Cenvat Credit Rules]	Information relating to Principal Inputs	Assessees paying duty of Rs. one crore or more per annum through PLA and manufacturing goods under specifi ed tariff headings	Annually, by 30th April for the current year (e.g. return for 2005-06 is to be fi led by 30-4-2005].
ER-6 [Rule 9A(3) of Cenvat Credit Rules]	Monthly return of receipt and consumption of each of Principal Inputs	Assessees required to submit ER-5 return	10th of following month
ER-7 [Rule 12(2-A) of Central Excise Rules]	An Annual Installed Capacity Statement         declaring the annual production capacity of the factory for the preceding financial year to which the statement relates	Every assessee shall submit	by 30th April of succeeding year

1.   As per Rule 12 of Central Excise Rules a monthly return, is to be submitted by every assessee to Superintendent of Central Excise, of production and removal of goods, and Cenvat credit availed, by 10^th of the following month in form ER-1.

2.   SSI unit availing concession on basis of annual turnover has to file return on quarterly basis within 20 days from close of quarter in form ER-3. SSI units paying duty at normal rate without availing SSI concession will have to submit return on monthly basis.

3.   EOU unit has to file return in form ER-2.

4.   The return is basically ‘self assessment’ and the form of return contains self-assessment memorandum. The return is required in quintuplicate. Assessee will have sixth copy as his record copy. Basic details required in the ER-1/ER-2/ER-3 return are –

a.     Period (month/quarter) for which return is submitted

b.     Name of assessee and registration number

c.    Details of goods manufactured, cleared and duty payable. This should be product-wise under 8 digit Tariff Number

d.    Details of duty paid through Cenvat Credit and Account Current (i.e. PLA)

e.    Details of each type of Cenvat credit availed

f.     Details of other payments i.e. interest, arrears etc.

g.   Self Assessment memorandum.

The return contains additional columns for returns of LTU (Large Taxpayer Unit).

Cost Accounting Records Rules (CARR-2011), Compliance Report and Its Applicability On New Industries From FY 2011-12

Cost Accounting Records Rules (CARR-2011) and Applicability On New Industries From FY 2011-12

*Compliance Report: Every company to which The Companies (Cost Accounting Records) Rules, 2011 apply shall submit the compliance report  to the Central Government within 180 days from the close of the company’s financial year to which the compliance report relates. From the year 2011-12 onwards many companies have come under the purview of Section 209(1)(d) of the companies Act and are required to file Compliance Report within one hundred and eighty days from the close of the company’s financial year to which the compliance report relates. There have been significant changes in the applicability clause from the year 2011-12 and the Financial Auditors of various companies must check beforehand the applicability and then comment on the applicability of Section 209(1)(d) with regard to the maintenance of Cost Records in point no 4(VIII) of the Annexure to  CARO. The statutory Financial Auditor is required to comment: “Where maintenance of cost records has been prescribed by the Central Government under clause (d) of sub-section (1) of Section 209 of the Act, whether such accounts and records have been made and maintained” Earlier, the Financial Auditors used to write like: 1.Abstract from the Auditor's Report of Videocon Industries Limited as at December 31, 2010. The Central Government has prescribed maintenance of the cost records under section 209(1)(d) of the Companies Act, 1956, in respect of the Company's products. As per the information and explanation provided to us, we are of the opinion that prima facie, the prescribed records have been made and maintained. We have however not made a detailed examination of the records with a view to determine whether they are accurate or complete. 2. Abstract from the Auditor’s Report of Mahindra And Mahindra Limited as at March 31, 2010. We have broadly reviewed the books of account maintained by the company relating to the manufacture of motor vehicles and tractors pursuant to the rules made by the Central Government for the maintenance of cost records under section 209 (1) (d) of the Companies Act, 1956 and we are of the opinion that prima facie the prescribed accounts and records have been maintained and are being made up. We have not, however, made a detailed examination of the records with a view to determining whether they are accurate or complete. To the best of our knowledge and according to the information given to us, the Central Government has not prescribed the maintenance of cost records under section 209 (1) (d) of the Companies Act, 1956, for any other products of the Company. 3. Abstract from the Audited Balance Sheet as at March 31, 2010 – UltraTech Cement Limited. We have broadly reviewed the books of account maintained by the Company pursuant to the rules made by the Central Government for the maintenance of cost records under Section 209(1)(d) of the Companies Act, 1956 in respect of the manufacture of cement and are of the opinion that prima facie the prescribed accounts and records have been made and maintained. We have, however, not made a detailed examination of the records with a view to determining whether they are accurate or complete. To the best of our knowledge and according to the information and explanations given to us, the Central Government has not prescribed the maintenance of cost records for any other product of the Company. 4. Abstract of Auditor’s Report of Hindustan Construction Ltd. year ending Mar 31,2011 (xv) The Central Government has not prescribed the maintenance of cost records under section 209(1) (d) of the Companies Act, 1956. The comments given above are correct for the year 2010-11 but if the same comments are given in the auditor’s report for the year 2011-12, the same will be considered as incorrect as from the year 2011-12. The applicability clause has changed from the year 2011-12 and now maximum companies have come under Cost Records Compliance. There are lot of queries with regard to the applicability of cost records compliance in various industries/sectors. Many queries keep coming to us on regular basis. Through this article an attempt is made to clarify the applicability provisions with regard to applicability of Common Cost Accounting Record Rules.(CARR 2011) Ministry of Corporate Affairs has issued different notifications with regard to Common Cost Accounting Record Rules, 2011 on June 3, 2011 and six other Specific Cost Accounting Record Rules on 7Dec, 2011. Earlier there were 44 Cost Accounting Record Rules for different Industries and Cost Records were required to be prepared as per specific formats mentioned under those rules i.e. different formats for different Industries.  Now as all the old notifications with regard to cost records have been abolished, the companies are required to maintain the cost records in any formats provided the records are capable of filling in the information in formats as are required under Cost Audit Report Rules. Presently there are Seven Cost Accounting Record Rules covering all the companies fulfilling certain criteria like Rs 5 crore networth or Rs 20 crores turnover or listed company. The Seven Cost Accounting record Rules are: Cost Record Rules Existing As of Now Nature of Rules Companies (Cost Accounting Records) Rules, 2011 Common Cost Record Rules Cost Accounting Records (Electricity Industry) Rules, 2011 Specific Cost Record rules Cost Accounting Records (Fertilizer Industry) Rules, 2011 Cost Accounting Records (Petroleum Industry) Rules, 2011 Cost Accounting Records (Pharmaceutical Industry) Rules, 2011 Cost Accounting Records (Sugar Industry) Rules, 2011 Cost Accounting Records (Telecommunication Industry) Rules, 2011 This is the high time all the Directors/CFOs/CS take a note of the new Cost Accounting Record Rules wherein now the responsibility of preparation and maintenance of Cost Records has been shifted to Board of Directors. The company is supposed to file a Compliance certificate with the Ministry of Corporate Affairs after approval by the Board of Directors and with signatures of Directors/CS etc.. The Compliance Certificate in the prescribed format must be signed  by a Cost Accountant. The applicability clause mentions that these rules shall apply to every company, including a foreign company as defined under section 591 of the Act, which is engaged in the production, processing, manufacturing, or mining activities and wherein, the aggregate value of net worth as on the last date of the immediately preceding financial year exceeds five crores of rupees; or wherein the aggregate value of the turnover made by the company from sale or supply of all products or activities during the immediately preceding financial year exceeds twenty crores of rupees; or wherein the company’s equity or debt securities are listed or are in the process of listing on any stock exchange, whether in India or outside India. The applicability of CARR 2011 depends on the two criterion: a. Activities being carried on By the Company. b. Financial Characteristics of the Company. The cost Records compliance Report has to be submitted when anyone condition of the (a) and anyone condition of the (b) is fulfilled a. Activities being carried on By the Company: The first step is to check whether the company is involved in any of  the following activities: 1. Production, 2. Processing, 3. Manufacturing, or 4. Mining. Before taking any decision just going by the activities mentioned above, the definitions of the above activities must be looked into; As per the definitions given under the rules: (1) “Production Activity” includes any act, process, or method employed in relation to - i. Transformation of tangible inputs (raw materials, semi-finished goods, or sub-assemblies) and intangible inputs (ideas, information, know how) into goods or services; or The companies in software sector etc. will be covered including the companies where the software bears some excise classification codes. ii. Manufacturing or processing or mining or growing a product for use, consumption, sale, transport, delivery or disposal; or even agricultural produce seems to be covered here. iii. Creation of value or wealth by producing goods or services. (2) “Processing Activity” includes any act, process, procedure, function, operation, technique, treatment or method employed in relation to- (i) Altering the condition or properties of inputs for their use, consumption, sale, transport, delivery or disposal; or (ii) Accessioning, arranging, describing, or storing products; or (Warehousing etc.) (iii) Developing, fixing, and washing exposed photographic or cinematographic film or paper to produce either a negative image or a positive image; or (Photography companies,  Media/Movie production houses etc..) (iv) Printing, publishing, finishing, perforation, trimming, cutting, or packaging; or (printing/packaging companies are also covered) (v) Pumping oil, gas, water, sewage or any other product; or (vi) Transforming or transmitting, distributing power or electricity; or (vii) Harboring, berthing, docking, elevating, lading, stripping, stuffing, towing, handling, or warehousing products; or (viii) Preserving or storing any product in cold storage; or (ix) Constructing, reconstructing, reconditioning, repairing, servicing, refitting, finishing or demolishing of buildings or structures; or (Construction or Real estate companies along with companies providing Repair and maintenance services are covered) (x) Farming, feeding, rearing, treating, nursing, caring, and stocking of living organisms; or (Dairy business, hospitals run by companies etc. are covered) (xi) Telecasting, broadcasting, telecommunicating voice, text, picture, information, data or knowledge through any mode or medium; or (Media Companies, TV channels etc) (xii) Obtaining, compiling, recording, maintaining, transmitting, holding or using the information or data or knowledge; or (research companies etc are covered) (xiii) Executing instructions in memory to perform some transformation and/or computation on the data in the computer's memory. (Software companies etc are covered) (3) "Manufacturing Activity” includes any act, process or method employed in relation to - (i) Transformation of raw materials, components, sub-assemblies, or parts into semi-finished or finished products; or (ii) Making, altering, repairing, fabricating, generating, composing, ornamenting, furnishing, finishing, packing, re-packing, oiling, washing, cleaning, breaking-up, demolishing, or otherwise treating or adapting any product with a view to its use, sale, transport, delivery or disposal; or (Service Sector companies) in repairing (AMC’s, Service Station companies) etc are also covered. (iii) Constructing, reconstructing, reconditioning, servicing, refitting, repairing, finishing or breaking up of any products (4) “Mining Activity” includes any act, process or method employed in relation to the extraction of ores, minerals, oils, gases or other geological materials from the earth’s crust, including sea bed or river bed. Apart from the above, there are six specific Cost Accounting Record rules for Telecom, Electricity, Sugar, Fertilizers, Petroleum  and pharma. The companies under the six specific Industries are also covered. b. The applicability clause further set the requirement for CARR-2011 applicability as: 1. Turnover of the company should exceed Rs 20 Crores. or 2. Net worth of the company should exceed Rs 5 Crores. or 3. The company is listed. The companies falling under Cost Records Regime must file their Cost records Compliance Report signed by a cost accountant and duly approved by Board of Directors for the year 2011-12 by 27 Sep 2012. Apart from the industries covered under the erstwhile Cost Accounting Record Rules, The newer industries which have come under CARR 2011 include the companies having manufacturing/production activities in respect  products like or made up of glass, wood, furniture, garments, Electronics cosmetics, eatables like packaged food/snacks, soft and hard drinks, plastics, edible oils etc. The list is very exhaustive as per various CETA chapters. Source : caclubindia.com