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TMI BlogExemption from applicability of Cost Accounting Records Rules to the Construction Industry.X X X X Extracts X X X X X X X X Extracts X X X X ..... tion Federation of India, 1103, Antriksh Bhawan, 22, K.G. Marg, New Delhi - 110 001 Subject: Exemption from applicability of Cost Accounting Records Rules to the Construction Industry. Sir, Please refer your letter dated 23rd March, 2012 on the subject cited. CFI had earlier made a similar reference on 19th December, 2011 and the matter was discussed in MCA on 11th January, 2012 with the rep ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dards; and assist is their tax assessments. 2. Based on the discussions held, detailed clarifications were issued on 16th January, 2012 that were duly acknowledged by the CFI vide their letter dated 27th January, 2012 and also conveyed to all their member companies for implementation. 3. However, the matter has been once again examined in the Ministry and it has been decided that there appear no ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... de] and/or development of residential, commercial or industrial estates i.e. development of township, residential units, commercial complex, office blocks, industrial parks [including SEZ], etc. or construction of highways, rails, roads, bridges, industrial & non-industrial structures, or other infrastructure facilities etc or construction activities undertaken under BOT/BOOT mode, or the projects ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... estate) business. Hence, these companies are only required to maintain cost accounting records and file compliance report with the Central Government that can be signed by their employee cost accountant as defined in Rule 2(c) of the Companies (Cost Accounting Records) Rules, 2011. Yours faithfully, (B.B. Goyal) Adviser (Cost) Tel: 011-24366005 Copy to: 1. The General Manager, Confederation ..... X X X X Extracts X X X X X X X X Extracts X X X X
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