5. Maintenance of records:

(1) Every company under these rules including all units and branches thereof, shall, in respect of each of its financial year commencing on or after the 1st day of April, 2014, maintain cost records in 2[form CRA-1].

1[“Provided that in case of company covered in serial number 12 and serial number 24 to 32 of item (B) of rule 3, the requirement under this rule apply in respect of each of its financial year commencing on or after 1st day of April, 2015”.]

(2) The cost records referred to in sub-rule (1) shall be maintained on regular basis in such manner as to facilitate calculation of per unit cost of production or cost of operations, cost of sales and margin for each of its products and activities for every financial year on monthly or quarterly or half-yearly or annual basis.

(3) The cost records shall be maintained in such manner so as to enable the company to exercise, as far as possible, control over the various operations and costs to achieve optimum economies in utilisation of resources and these records shall also provide necessary data which is required to be furnished under these rules.



1.Inserted by the Notification Dated 31st December 2014

2. Substituted by the Notification Dated 7th December 2017.