1

[TOBEPUBLISHEDINTHEGAZETTEOFINDIA,EXTRAORDINARY,PARTII,
SECTION3,SUBSECTION(i)]
MINISTRYOFCORPORATEAFFAIRS
Notification
NewDelhidatedthe7
th,
Dec,2011
G.S.R.870(E).Inexerciseofthepowersconferredbysubsection(1)ofsection642,read
with clause (d) of subsection (1) of section 209 of the Companies Act, 1956 (1 of 1956),
andinsupersessionoftheCostAccountingRecords(PetroleumIndustry)Rules,2002vide
G.S.R.686(E),datedthe8
th
October,2002,exceptasrespectsthingsdoneoromittedtobe
donebeforesuchsupersession,theCentralGovernmentherebymakesthefollowingrules,
namely:
1. Short Title and Commencement, (1) These rules may be called the Cost Accounting
Records(PetroleumIndustry)Rules,2011.
(2)TheyshallcomeintoforceonthedateoftheirpublicationintheOfficialGazette.
2. DefinitionsandInterpretations,Intheserules,unlessotherwiserequires,
(a) ActmeanstheCompaniesAct,1956(1of1956);
(b) compliance report means the compliance report duly authenticated and
signedbyacostaccountantinthespecifiedformofcompliancereport;
(c) Cost Accountant for the purpose of these rules means a cost accountant as
defined in clause (b) of subsection (1) of section 2 of the Cost and Works
AccountantsAct,1959(23of1959)andwhoiseitherapermanentemployeeof
the company or holds a valid certificate of practice under subsection (1) of
section6andwhoisdeemedtobeinpracticeundersubsection(2)ofsection2
ofthatActandincludesafirmofcostaccountants;
(d) CostAccountingStandardsmeansthestandardsofcostaccounting,issuedby
theInstitute;
(e) costrecordsmeansbooksofaccountrelatingtoutilizationofmaterials,labour
and other items of cost as applicable to the production, processing,
manufacturingorminingactivitiesofthecompany;
(f) FormA means the form specified in these rules for filing compliance report
andotherdocumentswiththeCentralGovernmentintheelectronicmode;
(g) FormB means the form of the compliance report and includes Annexure to
thecompliancereport;
(h) Generally Accepted Cost Accounting Principles means the principles of cost
accountingissuedbytheInstitute;
(i) Institute means the Institute of Cost and Works Accountants of India
constitutedundertheCostandWorksAccountantsAct,1959(23of1959);
(j) petroleum activities means production, processing, manufacturing or mining
of crude oil, gases [including Natural Gas, Compressed Natural Gas, Liquefied
2
Petroleum Gas and regasified gases, etc. as defined in the Petroleum and
Natural Gas Regulatory Board Act, 2006 (19 of 2006)] or Biogas or any other
petroleum products, or included under Chapter 27 of the Central Excise Tariff
Act,1985(5of1986),includingtheintermediateproductsandarticlesorallied
products or activities thereof and includes storage, transportation or
distribution of crude oil or gases or biogas or any or all of the petroleum
products;
(k) product means any tangible or intangible good, material, substance, article,
idea, knowhow, method, information, object, service, etc. that is the result of
human, mechanical, industrial, chemical, or natural act, process, procedure,
function, operation, technique, or treatment and is intended for use,
consumption,sale,transport,store,deliveryordisposal;
(l) productgroupinrelationtotangibleproductsmeansagroupofhomogenous
and alike products, produced from same raw materials and by using similar or
sameproductionprocess,havingsimilarphysicalorchemicalcharacteristicsand
commonunitofmeasurement,andhavingsameorsimilarusageorapplication;
and in relation to intangible products means a group of homogenous and alike
products or services, produced by using similar or same process or inputs,
having similar characteristics and common unit of measurement, and having
sameorsimilarusageorapplication;
(m) turnovermeanstotalturnovermadebythecompanyfromthesaleorsupply
ofallproductsorservicesduringthefinancialyearanditincludesanyturnover
from job work or loan license operations and the subsidies or grants or
incentivesreceivedbutdoesnotincludeanynonoperationalincome;
(n) allotherwordsandexpressionsusedintheserulesbutnotdefined,anddefined
in the Act and rules made under clause (d) of subsection (1) of section 209 of
theActshallhavethesamemeaningsasassignedtothemintheActorrules,as
thecasemaybe.
3. Application, 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 of petroleum activities and wherein, the
aggregatevalueofnetworthasonthelastdateoftheimmediatelyprecedingfinancial
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
immediatelyprecedingfinancialyearexceedstwentycroresofrupees;orwhereinthe
companys equity or debt securities are listed or are in the process of listing on any
stockexchange,whetherinIndiaoroutsideIndia:
Providedthattheserulesshallnotapplytoabodycorporategovernedbyany
specialAct.
4. Maintenanceofrecords,(1)Everycompanytowhichtheserulesapply,includingall
unitsandbranchesthereofshall,inrespectofeachofitsfinancialyearcommencingon
or after the date of this notification, keep cost records and the books of account so
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maintained shall contain, interalia, the particulars specified in Proformae A to L
mentionedintheScheduleannexedtotheserules.
(2) The cost records referred to in subrule (1) shall be kept on regular basis in
such manner so as to make it possible to calculate 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 halfyearly or
annualbasis.
(3) Thecostrecordsshallbemaintainedinaccordancewiththegenerallyaccepted
cost accounting principles and cost accounting standards issued by the
Institute; to the extent these are found to be relevant and applicable and the
variations,ifany,shallbeclearlyindicatedandexplained.
(4) The cost records shall be maintained in such manner so as to enable the
companytoexercise,asfaraspossible,controloverthevariousoperationsand
costswithaviewtoachieveoptimumeconomiesinutilizationofresourcesand
these records shall also provide necessary data which is required to be
furnishedundertheserules.
(5) All such cost records and cost statements, maintained under these rules shall
be reconciled with the audited financial statements for the financial year
specificallyindicatingexpensesorincomesnotconsideredinthecostrecordsor
statements so as to ensure accuracy and to reconcile the profit of all product
groupswiththeoverallprofitofthecompanyandthevariations,ifany,shallbe
clearlyindicatedandexplained.
(6) All such cost records, cost statements and reconciliation statements,
maintained under these rules, relating to a period of not less than eight
financial years immediately preceding a financial year or where the company
had been in existence for a period less than eight years, in respect of all the
precedingyearsshallbekeptingoodorder.
(7) Every person, referred to in subsection (6) and (7) of section 209 of the
Companies Act, 1956 (1 of 1956), shall take all reasonable steps to secure
compliance by the company with the provisions of these rules in the same
manner as he is liable to maintain accounts required under subsection (1) of
section209ofthesaidAct.
5. Form of the Compliance Report, Every company to which these rules apply shall
submitacompliancereport,inrespectofeachofitsfinancialyearcommencingonor
after the date of this notification, duly certified by a Cost Accountant, along with the
AnnexuretotheCentralGovernment,inthespecifiedform.
6. Time limit for submission of Compliance Report, Every company shall submit the
compliance report referred to in rule 5 to the Central Government within a period of
onehundred andeighty daysfromthe close of thecompanys financial yearto which
thecompliancereportrelates.
7. Authentication of Annexure to the Compliance Report, The Annexure to the
compliance report shall be approved by the Board of Directors and certified by the
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Cost Accountant before submitting the same to the Central Government by the
company.
8. Penalties, (1) If default is made by the Cost Accountant in complying with the
provisions of these rules, he shall be punishable with fine, which may extend to five
thousandrupees.
(2) Forcontraventionoftheserules,
(a) the company shall be punishable as provided under subsection (2) of
section642oftheAct;and
(b) every officer thereof whoisin default,including thepersons referredto in
subsection (6) of section 209 of the Act, shall be punishable as provided
under subsections(5)and (7) of section 209 of Companies Act, 1956 (1 of
1956).
9. Savings, The supersession of the Cost Accounting Records (Petroleum Industry)
Rules,2002,shallnotinanywayaffect
(a) anyright,obligationorliabilitiesacquired,accruedorincurredthereunder;
(b) any penalty, forfeiture or punishment incurred in respect of any
contraventioncommittedthereunder;and
(c) any investigation, legal proceeding or remedy in respect of any such right,
privilege,obligation,liability,penalty,forfeitureorpunishmentasaforesaid,
and; any such investigation, legal proceeding or remedy may be instituted,
continuedorenforcedandanysuchpenalty,forfeitureorpunishmentmay
beimposedasifthoseruleshadnotbeensuperseded.

FORMA
FormforfilingComplianceReportandother
documentswiththeCentralGovernment
[Pursuanttosection209(1)(d),600(3)(b)oftheCompaniesAct,1956andrule2oftheCostAccounting
Records(PetroleumIndustry)Rules,2011]
PARTIGENERALINFORMATION
Note:Allfieldsmarkedin*aretobemandatorilyfilled.
1 (a) *Corporateidentitynumber(CIN)or
foreigncompanyregistrationnumber
ofthecompany

PreFill
(b) Globallocationnumber(GLN)of
company

2 (a)
*Nameofthecompany

(b) *Addressoftheregisteredofficeorof
theprincipalplaceofbusinessinIndia
ofthecompany

(c)
*EmailAddressofthecompany

3 (a) *Financialyearcoveredbythe
compliancereport
From

(DD/MM/YYYY)

To
(DD/MM/YYYY)
(b) *DateofBoardofdirectorsmeetinginwhichannexure
tothecompliancereportwasapproved

(DD/MM/YYYY)
4.Detailsofthecostaccountant
(a) *Categoryofthecostaccountant
Individual Costaccountants
firm
(b) Incaseofindividual,whetherthecost
accountantisinpermanentemploymentofthe
companyorinpractice
InEmployment In
Practice
(c) *Nameofthecostaccountantorthe
costaccountantsfirmwhohas
certifiedthecostrecordsofthe
company

(d) *Incometaxpermanentaccountnumberofthecostaccountantorthecost
accountantsfirm

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(e) *Membershipnumberofcostaccountantorcostaccountantsfirms
registrationnumber

(f) Addressofthecostaccountantorcostaccountantsfirm
(i)LineI
LineII
(ii)City
(iii)State
(iv)Country
(v)PinCode
(g) *EmailIDofthecostaccountantor
costaccountantsfirm

5.*QuantitativeInformation
NetSales Sno. NameoftheProductorServiceGroup Unit Annual
Production
(Quantity)
(Quantity) (Valuein
Rupees)
A ProducedorManufacturedProduct
1.
2.
3.etc.
B ServicesGroups
1.
2.
3.etc.
C TradingActivities(ProductGroupwise)
1.
2.
3.etc.
D OtherIncome
TotalIncomeasperFinancialAccounts
PARTII
Attachments:
1
CompliancereportaspertheCostAccounting
Records(PetroleumIndustry)Rules,2011
Attach
2 Optionalattachments(s)ifany Attach
Listofattachments

7
Removeattachment
Verification:
Tothebestofmyknowledgeandbelief,theinformationgiveninthisformanditsattachmentsiscorrect
andcomplete.

IhavebeenauthorisedbytheBoardofdirectors
resolutionnumber

date
d

(DD/MM/YYYY)
tosignandsubmitthisform.
Iamauthorisedtosignandsubmitthisform.
Tobedigitallysignedby:
ManagingDirectorordirectorormanagerorsecretary(incaseofanIndiancompany)
oranauthorisedrepresentative(incaseofaforeigncompany)
Digital
Signatures

*Designation

*DirectoridentificationnumberofthedirectororManagingDirector;orIncometaxPAN
ofthemanagerorofauthorisedrepresentative;orMembershipnumber,ifapplicableor
incometaxPANofthesecretary(secretaryofacompanywhoisnotamemberofICSImay
quotehis/herincometaxPAN)

Directorofthecompany
Digital
Signatures
Directoridentificationnumberofthedirector

Modify CheckForm
Pre
scrutiny
Submit
ThiseformhasbeentakenonfilemaintainedbytheCentralGovernmentthroughelectronicmode
andonthebasisofstatementofcorrectnessgivenbythefilingcompany

FORMB
FORMOFCOMPLIANCEREPORT
[Seerule2,andrule5]
I or We ........................................... being in permanent employment of the company or in
practice, and having been appointed as cost accountant under Rule 5 of the Cost Accounting
Records (Petroleum Industry) Rules, 2011 of ........................................................... (mention
name of the company) having its registered office at ..................................................... (mention
registered office address of the company) (hereinafter referred to as the company), have
examinedthebooksofaccountprescribedunderclause(d)ofsubsection(1)ofsection209ofthe
saidAct,andotherrelevantrecordsfortheperiod/year.............................(mentionthefinancial
year)andcertifyasunder:
1 IorWehaveorhavenotobtainedalltheinformationandexplanations,whichtothebestof
myorourknowledgeandbeliefwerenecessaryforthepurposeofthiscompliancereport.
2 In my or our opinion, proper cost records, as per the Cost Accounting Records (Petroleum
Industry) Rules, 2011 prescribed under clause (d) of subsection (1) of section 209 of the
CompaniesAct,1956,haveorhavenotbeenmaintainedbythecompanysoastogiveatrue
and fair view of the cost of production or operation, cost of sales and margin of all the
productsandactivitiesofthecompany.
3 Detailed unitwise and product or activitywise cost statements and schedules thereto in
respectoftheproductgroupsoractivitiesareorarenotkeptinthecompany.
4 Inmyorouropinion,thesaidbooksandrecordsgiveordonotgivetheinformationrequired
bytheCompaniesAct,1956inthemannersorequired.
5 In my or our opinion, the said books and records are or are not in conformity with the
generally accepted cost accounting principles and cost accounting standards issued by The
InstituteofCostandWorksAccountantsofIndia,totheextentthesearefoundtoberelevant
andapplicable.
Dated: this ____ day of _________ 20__ at _________________ (mention name of place of
signingthisreport)
SIGNATUREANDSEALOFTHECOSTACCOUNTANT(S)
MEMBERSHIPNUMBER(S)
NOTES:
(i) Deletewordsnotapplicable.
(ii) If as a result of the examination of the books of account, the cost accountant desires to
point out any material deficiency or give a qualified report, he shall indicate the same
againsttherelevantpara.
(iii) Brieflygiveyourobservationsandsuggestions,ifany,relevanttothemaintenanceofcost
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accountingrecordsbythecompany.
(iv) Costaccountantmayuseseparatesheet(s)for(ii)and(iii)above,ifrequired.
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ANNEXURETOTHECOMPLIANCEREPORT
[Seerule2andrule5]
1.GENERAL:
a) Nameofthecompany:
b) Registeredofficeaddress:
c) FinancialyeartowhichtheComplianceReportrelates.
2.QUANTITATIVEINFORMATION:
NetSales Sno. NameoftheProductorService
Group
Unit Annual
Production
(Qty.)
(Qty.) (Valuein
Rupees)
A ProducedorManufacturedProduct
Groups

1.
2.
3.etc.
B ServicesGroups
1.
2.
3.etc.
C TradingActivities(ProductGroup
wise)

1.
2.
3.etc.
D OtherIncome
TotalIncomeasperFinancialAccounts
3.RECONCILIATIONSTATEMENT:
NetMargin(ProfitorLoss)asperCostAccounts (InRupees)
A.FromProducedorManufacturedProductGroups
B.FromServicesGroups
C.FromTradingActivities
TotalasperCostAccounts
Add:IncomesnotconsideredinCostAccounts(ifany)
Less:ExpensesnotconsideredinCostAccounts(ifany)
Add/Less:DifferenceinStockValuation
Profitor(Loss)asperFinancialAccounts

NOTES:
(i) For produced or manufactured product groups, use the nomenclature as used in the
CentralExciseActorRules,asapplicable.
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(ii) For services groups, use the nomenclature as used in the Finance Act or Central
ServiceTaxRules,asapplicable.
SIGNATURE
NAME
COSTACCOUNTANT(S)
MEMBERSHIPNUMBER(S)
SEALWITHDATE
"SCHEDULE
[Seerule4]

PROFORMAA
StatementshowingcostofUtilitieslikeWaterorPoweretc.

NameoftheCompany
NameoftheUnit
NameoftheUtility
Period

IQuantitativeInformation
Sno. Particulars Unit Currentyear Previousyear
1 InstalledCapacity
2 QuantityProduced
3 CapacityUtilization(%)
4 Quantityrecirculated
5 QuantityPurchased,ifany
6 Selfconsumptionincludinglosses(tobespecified)
7 NetUnitsAvailable

IICostInformation:
CostperUnit Sno. Particulars Quantity Rateper
unit
Amount
Current
Year
Previous
Year
Unit Rs. Rs. Rs. Rs.
1 MaterialsConsumed(specify)
Indigenous
Imported
SelfManufactured/Produced

2. ProcessMaterials/Chemicals
(specify)

3. Utilities(specify):
4. DirectEmployeesCost
5. DirectExpenses(specify)
6. ConsumableStoresandSpares
7. RepairsandMaintenance
8. Depreciation
9. Leaserent,ifany
10. Otheroverheads
11. Subtotal(1to11)
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12. Less:Credit,ifany
13. Totalcost(1213)
Apportionment:(costcentrewise)
1.CostCentre1
2.CostCentre2
3.CostCentre3

Total

PROFORMAB
StatementshowingthedetailsofSurveyCost

NameoftheCompany
NameofGeologicalAreaSurveyed
Period

CostInformation:
Sno. Particulars Brought
Forward
Currentyear
Amount
TotalAmount
Rs. Rs. Rs.
1. Materials
a) ExplosivesandDetonators
b) Others(tobespecified)

2 DirectEmployeesCost
3. ContractualServices
(a) ShotHoleDrilling
(b) ContractualPayments
(c) Others(tobespecified)

4. OtherDirectExpenses
(a) DataProcessingcost
(b) DataInterpretationCost
(c) TransportExpenses
(d) Insurance
(e) LandExpenses
(f) Others(tobespecified)

5 RepairsandMaintenance
6. Depreciation
(a) Acquisition
(b) Processing
(c) Interpretation
(d) TransferInorTransferOut
(e) Others(tobespecified)

7. RoyaltyorTechnicalKnowHoworLeaseRent
8. AdministrationOverheads
9. Others(tobespecified)
10. ExpenditureTransferInorTransferOut
11. TotalSurveyCost

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IIStatus:
Sno. Particulars Total(Rs.)
1. CostofSurveytransferredtoProducingProperties.
2. CostofSurveydirectlychargedofftoCostofProduction
3. CostofSurveycarriedforward
4. Others(tobespecified)
TotalSurveyCost

PROFORMAC
StatementshowingCostofExploratoryDrillingorDevelopmentDrilling

NameoftheCompany
AreaunderExplorationordevelopment:OffshoreorOnshore
NameoftheBlock
Period

IQuantitativeInformation:
Sno. Particulars Unit CurrentYear PreviousYear
1. StatusofWells
(a)UnderDrilling
(b)UnderTesting
(c)Dry
(d)HydrocarbonBearing
(e)ServiceWells

IICostInformation:
Amount(Rs.) Sno. Particulars
Brought
forward
CurrentYear Total
1. PreparatoryCost
(a)Land
(b)ApproachRoad
(c)CivilWork
(d)Others(Tobespecified)

TotalPreparatoryCost
2. DrillingcostofRigorDrillShipOperation
(a)MaterialCost
(i) Indigenous
(ii) Imported
(iii) SelfManufactured/Produced
(b)DirectEmployeesCost
(c)RepairsandMaintenance
(d)OtherDrillingOverheads
(e)Others(tobespecified)

Total
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Amount(Rs.) Sno. Particulars
Brought
forward
CurrentYear Total
3. ProductionTestingCost
4. OtherDirectExpenses
(a)Cementing
(b)Logging
(c)Mud
(c)Others(tobespecified)

TotalDirectExpenses
5. WellMaterials
6. ResearchandDevelopment
7. TechnicalKnowhowFeesorRoyalty,ifany
8. LeaseRent
9. Depreciation
(a)Rigs
(b)Casing
(c)Tubing
(d)DrillPipes
(e)WellHead
(f)TransferIn/TransferOut
(g)Others(tobespecified)

TotalDepreciation
10. AdministrationOverhead
11. TotalCost
IIIStatus:
Sno. Particulars Exploration
Drilling
Development
Drilling
Total
1. Costofsuccessfulwellstransferredtoproducing
property.

2. ServiceWellstransferredtoProducingProperties.
3. Costofabandonedordrywellschargedoff
4. Costofwellsinprogresscarriedforward
5. Others(tobespecified)
Total

PROFORMAD
StatementshowingtheCostofFindingProvedReservesEstablished

NameoftheCompany
Period
IQuantitativeInformation:
Sno. Particulars Unit Current
Year
Previous
Year
1. Numberofwellsforexploratorydrilling
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Sno. Particulars Unit Current
Year
Previous
Year
2. Numberofwellsfordevelopmentdrilling
3. TotalMeteragedrilled
4. ProvedReservesEstablished/ProvedintermsofOilequivalent

IICostInformation:
Amount CostperUnit Sno. Particulars
CurrentYear PreviousYear Current
Year
Previous
Year
Rs. Rs. Rs. Rs.
1. SurveyCost(b/fProformaB)
2. ExplorationDrillingCost(b/fProformaC)
3. DevelopmentDrillingcost(b/fProformaC)
4. Others(tobespecified)
5. TotalFindingCost

PROFORMAE
StatementshowingCostofintermediateactivitieslikeLifting,Conveying,Treatingand
TransportationofCrudeOilorNaturalGas

NameoftheCompany
Period

IQuantitativeInformation:

Sno. Particulars Unit Current

Year
Previous
Year
1. GrossProduction
2. UsedforMiningOperation
3. TransitLoss
4. Unavoidablelossorflaring
5. BottomSedimentandWater
6. NetProduction
7. NetProductioninappropriateoilequivalentterms
8. TransferredtoRefineryorExtractionplant
9. Sales
10. TrunkPipelinecapacityfortransportationto
deliverypoint

11. Quantitythroughputbypipeline

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IICostInformation:
A.Lifting
(AmountinRupees)
Amount CostperUnit Sno. Particulars
CurrentYear PreviousYear Current
Year
Previous
Year
1. ProcessChemicals(specify)
2. Utilities(specify)
3. DirectEmployeeCost
4. DirectExpenses
5. ConsumableStoresandSpares
6. Repairs&Maintenance
7. LogisticServicesorTransportAllocation
8. WellServices
(a)Workover
(b)WaterInjection
(c)GasInjection

9. OtherOverheads
(a)ServiceOverheads
(b) AdministrationOverheads
(c) Others(tobespecified)

10. Depreciation
11. Depletion
12. OtherCosts(tobespecified)
13. TOTALLIFTINGCOST
B.CostofConveyingandTreating
(AmountinRupees)
Amount CostperUnit Sno. Particulars
CurrentYear PreviousYear Current
Year
Previous
Year
1. ProcessChemicals(specify)
2. Utilities(specify)
3. DirectEmployeeCost
4. DirectExpenses
5. ConsumableStoresandSpares
6. Repairs&Maintenance
7. LogisticServicesorTransportAllocation
8. OtherOverheads
(a)ServiceOverheads
(b) AdministrationOverheads
(c) Others(tobespecified)

9. Depreciation
10. Others(tobespecified)
11. TOTALCOSTOFCONVEYINGAND
TREATING

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C. CostofTransportationofCrudeOil/NaturalGas
(AmountinRupees)
Amount CostperUnit Sno. Particulars
CurrentYear PreviousYear CurrentYear PreviousYear
1. Consumables
(a)PourPointDepressant(PPD)orFlow
Improver
(b)Others(specify)

2. CrudeOilConditioningPlantCharges
3. Utilities(specify)
4. DirectEmployeeCost
5. DirectExpenses
6. ConsumableStoresandSpares
7. Repairs&Maintenance
8. LogisticServicesorTransportAllocation
9. Depreciation
10. OtherOverheads
(a)ServiceOverheads
(b) AdministrationOverheads
(c) Others(tobespecified)

11. Otherstobespecified
12. TOTALCOSTOFTRANSPORTATION
13. Less:Amountreceivedseparatelyfrom
customers,ifany.

14. NetCost

PROFORMAF
StatementshowingtheCostofProductionofCrudeOil/NaturalGas

NameoftheCompany
NameandaddressoftheProducingUnit
Period

1. QuantitativeInformation:

Sno. Particulars Unit Current

Year
Previous
Year
1 OpeningStock
1a.OpeningStockinTanks&Pipelines
1b.OpeningStockinInstallations
2. GrossProductionincludingCondensate
3. Less:UsedforMiningOperation(Internaluse)
18
Sno. Particulars Unit Current
Year
Previous
Year
4. Less:TransitLoss
5. Less:BottomSedimentandWater
6. Less:Condensatequantity(Offshore)
7. NetProduction(23456)
8. TransferredtoRefineryorExtractionPlant
9. Sales
9a.CrudeOil/NaturalGas
9b.Naphthaspikedwithcrudeoil
9c.Condensatespikedwithcrudeoil
10 ClosingStock(1+789)
10a.ClosingStockinTanks&Pipelines
10b.ClosingStockinInstallations
11. TrunkPipelinecapacityforTransportationtoDeliveryPoint
12a. QuantitythroughputbyPipeline
12b. ThroughTankers

2. CostInformation:

Amount CostperUnit Sno. Particulars

Current
Year
Previous
Year
Current
Year
Previous
Year
Rs. Rs. Rs. Rs.
1. FindingCost(FromProformaD)
2. LiftingCost(FromProformaE)
3. CostofConveyingandTreatment(From
ProformaE)

4. CostofExploratoryorDevelopment
DrillingChargedoff

5. CostofTransportation(fromProformaE)
6. CostofSurveychargedoff,ifany
7. ProvisionforImpairment
8. ProvisionforAbandonment
9. Overhead:
(a)Project
(b)Regional
(c)Headquarter

10. Royaltyonproduction,ifany
11. Statutoryleviesonproduction,ifany
12. OtherExpenses(tobespecified)
13. TotalCostofProduction

19

BTransferredto:

Sno. Products Basisof

apportionment
ofcost
Actual
quantity
Equivalent
quantity
Value
(Rs.)
TransferofCrudeOil/NaturalGasto:
1. RefineryorExtractionplant:
2. Sales
3. RelatedPartyTransfer
Total

PROFORMAG
StatementshowingCostofRefining

NameoftheCompany
NameandaddressoftheFuelRefiningUnit
NameofProduct
Period

a. QuantitativeInformation
Sno. Particulars Unit Current
Year
Previous
Year
1. InstalledCapacity MMTPA*
2. CrudeorGasRefined MMT
3. CapacityUtilization %
4. FuelandLoss(quantity) MT
5. FuelLoss(%) %
6. ProductionofJointProducts:
1. Product1
2. Product2
3. Product3(etc.)
Total
*MMTPA:MillionMetricTonnePerAnnum

IICostInformation:
Sno. Particulars Quantity Rate Amount CostperUnit
Current
Year
Previous
Year
Rs. Rs. Rs. Rs.
1. Material
(a) Costofcaptivecrudeoilorgasfrom
(SpecifyOilFieldsseparately)
(b)TransportationCost,ifany.
(c) Others(specify)
(d) Total

2. Crudeoilorgas
Purchased
(i)Indigenous
(ii)Imported

20
Sno. Particulars Quantity Rate Amount CostperUnit
Current
Year
Previous
Year
Rs. Rs. Rs. Rs.
3. Processmaterial/Chemicals(specify)
4. Utilities(specifydetails)
5. DirectEmployeeCost
6. DirectExpenses(Specify)
7. ConsumableStores&Spares
8. RepairsandMaintenance
9. QualityControlExpenses
10. ResearchandDevelopment
11. TechnicalKnowhow/Royalty
12. Depreciation/Amortization
13. OtherProductionOverheads
14. Add/(Less)StockAdjustments
15. Total
16. LessCreditforWastageorByproducts
(Specify)

17. TotalCost

B.CostApportionedtojointproducts:
Sno. Products Basisof
apportionment
ofcost
Actual
quantity
Equivalent
quantity
Value
(Rs.)
TotalcostApportionedto:
i)Sales
a)(tobespecified)
b)
c)

ii)RelatedPartyTransfer
a)(tobespecified)
b)
c)

iii)Others
a)(tobespecified)
b)
c)

Total

PROFORMAH
StatementshowingtheCostofMarketingPetroleumProducts

NameoftheCompany
NameandaddressoftheFuelRefiningUnit
NameofProduct
Period

IQUANTITATIVEINFORMATION:
Sno. Particulars Unit Currentyear Previousyear
21
Sno. Particulars Unit Currentyear Previousyear
1. GrossQuantityProduced
2. QuantityPurchased
i) Indigenous
ii) Imported
iii) InterUnitTransfers

3. Total
4. Less,Losses
5. Balance
6. Add,OpeningStock
7. Less,ClosingStock
8. NetAvailableQuantity
9. Allocation:
a) UsedforMiningOperation
b) CaptiveConsumption
c) QuantitySold
Total

IICOSTINFORMATION:
Costperunit Sno. Particulars Unit Qty Rate TotalCost
Current
Year
Previous
Year
Rs. Rs. Rs. Rs.
1. CostofCaptiveProduction(b/f)
2. CostofPurchases
i) Indigenous
ii) Imported
III)InterUnitTransfers

3. Less,Losses,ifany
4. StockAdjustment
Add:OpeningStock
Less:ClosingStock

5. PackingCost,ifany
6. StatutoryLevies
a)Royaltiesonsales
b)Cess
c)Exciseduty
d)Salestax
e)Octroi
f)PortTrustcharges
g)Others

Total
6. OtherExpenses(Specify)
Total
Less,UsedforMiningOperation
Less,CaptiveConsumption
BalanceSold
7. MarketingExpenses(ProformaK1)
8. TotalCostofSales
9. Interest&FinancingCharges
22
Costperunit Sno. Particulars Unit Qty Rate TotalCost
Current
Year
Previous
Year
Rs. Rs. Rs. Rs.
10. TotalCost
13. NetSalesRealisation
14. Margin
15. Add:ExportBenefitsandIncentives,if
any

16. TotalMargin(includingexport
benefits

17. Exfactoryprice(excludingSalesTax
etc.)

18. MaximumRetailPrice(excludingsales
taxetc.)

19. Maximumretailprice,ifany,
prescribedbytheGovernment/
StatutoryRegulatoryBodyetc.

PROFORMAI
StatementshowingtheCostofOperations/Service/SubserviceforTransportationof
PetroleumProductsthroughPetroleumProductPipeline,NaturalGasPipelineandCity
GasDistributionNetWork

NameoftheCompany
NameandaddressofthePlant/Unit
EntryPoint(specify)
ExitPoint(specify)

I.QUANTITATIVEINFORMATION:
Sno. Particulars Unit Currentyear Previousyear
1. PipelineCapacityforNaturalGasProcessed Mmscmd/MM
TPA

2. AverageCalorificValue(NCV) Specifyunit
3. Numberofzones,ifany
4. ApprovedZonewiseTariff
(a) Zone1
(b) Zone2
(c) Othersspecify
Rupees/mmbt
u/MT

5 NumberofEntryPoints Nos
6 NumberofExitPoints Nos
7 NumberofCompressor/PumpingStations Nos
23
Sno. Particulars Unit Currentyear Previousyear
8 ActualVolumeTransported MMCmd/MMT
PA

9. CapacityUtilisation %
Mmbtu
Mmscmd
MillionMetricBritishThermalUnits
MillionStdCubicMeterperday
IICOSTINFORMATION:
Costperunit Sno. Particulars Unit Qty Rate TotalCost
Current
Year
Previous
Year
Rs. Rs. Rs. Rs.
1. OperationStoresandSupplies
(specify)
(a) Indigenous
(b) Imported
(c) Others

2. Fuel
(a) NaturalGas
(b) Diesel
(c) Lube/Oil/Grease

3. Utilities(specify)
4. DirectEmployeecost
5. DirectExpenses
(a) Jobs/ServiceonContract
(b) OutsourcesHiredServices

6. RepairsandMaintenance
7. Research&Development
8. LeaseRent,ifany
9. Depreciation
10. Service/OperationOverheads
11 Less:Creditfor
Recoveries/MiscellaneousIncome

12 TotalCost[1to10(11)]
13. AdministrativeOverheads
14. CostofOperation(12+13)
15. OtherCost(Specify)
16. TotalOperationCost[14+15]
OperationRevenueInformation
17. ZonalRevenue
(a) Zone1
(b) Zone2
(c) Others(specify)

18. RevenuefromDedicatedLines
19. OtherRevenue(excludingStatutory
Levies,ifany)

24
Costperunit Sno. Particulars Unit Qty Rate TotalCost
Current
Year
Previous
Year
Rs. Rs. Rs. Rs.
20. Total[17+18+19]
21. Margin(2016)
22. Margin/mmbtuforNGPLandfor
DedicatedPipelines

25
PROFORMAJ
StatementshowingActivitywiseCapitalCostofPlantandMachinery/Equipment/Pipelinerelatingpetroleumactivities

Nameofthecompany:
(AmountinRupees)
Sno. Particulars GrossBlock Depreciation NetBlock
Costasat
beginningof
theyear
Additions/
Transfers
duringthe
year
Deductions/
Transfer
duringthe
year
TotalCostat
theendof
theyear
Asat
beginningof
theyear
Fortheyear On
deductions
duringthe
year
Totalatthe
endofthe
yea
Asat
beginningof
theyear
Asattheend
oftheyear
A. Survey(specify)
1.
2.
etc
B. Exploration//Development(offshore/onshoreseparately)
1.
2.
etc
C. CrudeProcessing
1.
2.
etc
D. Refining
1.
2.
etc
E. Marketing
F. TransportingSeparatelyforeachNaturalGasPipeline/DedicatedPipeline/CityGasDistributionNetwork
1.
2.
G. Others(specify)
H. GrandTotal(AtoG)

26
PROFORMAK
StatementshowingAllocationandApportionmentofTotalExpensesandIncomeoftheCompanyasperProfit&LossAccount

Nameofthecompany
Period
(AmountinRupees)
Sl.
No.
Particulars Total
Expenses
asper
Audited
Financial
Accounts
Utilities
(separately
foreach)
Survey Exploration Transporta
tion
Refining
Production
Centres
(separately
foreach
centre)
Plant
Overheads
Refinery
Overheads
Administra
tion
Overheads
Marketing
/Selling&
Distribu
tion
NonCost
Expenses
1. DirectMaterials(specify)
2. ProcessMaterials(specify)
3. Chemicals(specify)
4. Power&Fuel
a) Fuel
b) OwnProduction
c) NaturalGas
d) RefineryOwnGas
e) WaterCharges
5. EmployeeBenefits:
a) Salaries,Wages,BonusEtc.
b) ContributiontoProvident&Other
Funds

c) StaffWelfareExpenses
6. ConsumableStoresandSpares
7. RepairsandMaintenance
a) Plant&Machinery
b) Buildings
c) Others
8. OtherDirectExpenses(specify)
27
Sl.
No.
Particulars Total
Expenses
asper
Audited
Financial
Accounts
Utilities
(separately
foreach)
Survey Exploration Transporta
tion
Refining
Production
Centres
(separately
foreach
centre)
Plant
Overheads
Refinery
Overheads
Administra
tion
Overheads
Marketing
/Selling&
Distribu
tion
NonCost
Expenses
9. Rent
10. Insurance
11. Rates&Taxes
12. PaymentToAuditors
13. Travelling&Conveyance
14. CommunicationExpenses
15. Printing&Stationery
16. BankCharges
17. SecurityForceExpenses
18. SalesPromotionExpenses
19. HandlingExpenses
20. MiscellaneousExpenses
21. TransportationCharges
22. QualityControl
23. RoyaltyorTechnicalKnowhow
24. TechnicalAssistantFees
25. OtherStatutoryLevies
26. Cess
27. LeaseRent
28. ResearchandDevelopment
30. PackingExpenses
31. BorrowingCharges
32. LossonAssetsSold,Lostor
WrittenOff

33. ExchangeRateFluctuations
28
Sl.
No.
Particulars Total
Expenses
asper
Audited
Financial
Accounts
Utilities
(separately
foreach)
Survey Exploration Transporta
tion
Refining
Production
Centres
(separately
foreach
centre)
Plant
Overheads
Refinery
Overheads
Administra
tion
Overheads
Marketing
/Selling&
Distribu
tion
NonCost
Expenses
34. ProvisionForDoubtfulDebts,
Advances,Claims&Obsolescence

35. ProvisionforContingencies
36. DepreciationorDepletion
37. TotalExpenses
38. Add,OpeningStockinProcess
Less,ClosingStockinProcess

39. Less,CreditforRecoveries
40. Less,SelfConsumption,ifany,
41. Add,OpeningStockFinished
Less,ClosingStockFinished

42. Total(excludingExciseDuty)
43. ExciseDutyPaid
44. Total(includingExciseDuty)
45. TotalSalesRealization(excluding
ExciseDuty

46. ExciseDutyRecovered
47. TotalSales(includingExciseDuty)
Add:ExportBenefit,ifany
ProfitasperProfit&LossAccount

29
PROFORMAK1
StatementshowingApportionmentofOverheads

NameoftheCompany
Period

CostCentres
Plant
Overheads
Refinery
Overheads
Administration
Overheads
Marketing/
Selling&
Distribution
Other
Overheads
(specify
Rs. Rs. Rs. Rs. Rs.
Totalasper
ProformaK

AllocatedUtilities
(specify)

Apportioned
Overheads,ifany

TotalOverheads
ApportionedtoCost
Centres(specify)

1.
2.
3.
4.
Others(specify)
Total

PROFORMAL
StatementofProfitReconciliation(forthecompanyasawhole)

NameoftheCompany
Period

S.No. Particulars Current
Year
Previous
Year

Rs. Rs.
1. ProfitorLossasperCostAccountingRecords

a) ForProductGroupsundertheseRules

b) FortheProductGroupsoutsidetheseRules

2. Add:Incomesnotconsideredincostaccounts:

(a)Specify

(b)

30
S.No. Particulars Current
Year
Previous
Year

Rs. Rs.
Total

3. Less:Expensesnotconsideredincostaccounts:

(a)Specify

(b)

Total

4. Add:OvervaluationofClosingStockinFinancialAccounts

5. Add:UndervaluationofOpeningStockinFinancialAccounts

6. Less:UndervaluationofClosingStockinFinancialAccounts

7. Less::OvervaluationofOpeningStockinFinancialAccounts

8. Adjustmentsforothers,ifany(specify

9. ProfitorLossasperFinancialAccounts

Notes:
1 SeparateCoststatementshallbepreparedinrelevantproformafor:
(a) each major utility having significant impact on cost, whenever such utility is
functionally independent and not forming part of composite unit for exploration,
production,refining,transportation,etcactivitywise.
(b) ExploratoryDrillingorDevelopmentDrillingcost.
(c) OnshoreorOffshoreproductioncost.
(d) CrudeOilorNaturalGascost.
(e) Eachmajorpetroleumproductoractivityorsubactivitythereof.
(f) Transportation of petroleum products for each Natural Gas Pipeline or dedicated
pipelineorcitygasdistributionnetworkorcostofserviceorsubservice.
2 ThecolumnforBroughtforwardundertheheadAmounts(Rs)ofCostInformation
under Proforma C stands for amount charged towards wellsinprogress during the
previousyear
3 Method of accounting followed e.g. successful effort method or full cost method to
incorporate unit specific features, if any, indicating reasons thereof shall be indicated
underrelevantproforma.
4 Ifaproductemergingfromoneprocessformstherawmaterialforsubsequentprocess
or other products covered under the rule, separate cost statement of production
underrelevantproforma(suitablymodified,ifnecessary)shallbemaintainedforeach
processorproductssuchasmanufactureofbaseoils.
5 Whereveranycompanyisengagedintransportingofcrudeoilornaturalgasorother
petroleumproducts,separatedetailsasperitemCofProformaEshallbeprepared
in respect of such transportation activity with suitable modifications, wherever
required.
31
6 IfseparatechargesareleviedfromcustomersfortransportingofCrudeOilorNatural
GasfromCTFtodeliverypoint,onlythenetcostshallbeshownagainstitem5under
costinformationofProformaF.
7 In case a joint product is sold without further processing details in regard to quantity
sold, cost of sales and average sales realization etc shall be indicated in appropriate
cost statement and the basis on which cost is apportioned to joint products shall be
indicatedtherein.
If these are further processed, separate cost statement under relevant proforma or
anyotherformasthereofshallbeprepared.
8 Incaseofvalueaddedproductsproducedbyusinganyoftheintermediaryproductor
finished product out of the refining process, separate cost statement of such value
addedproductsshallbepreparedinsuitableform.
9 SalesRealizationfor quantity soldatprice notified or fixed by Governmentif any and
atthepricefixedbycompanyshallbeindicatedseparately.
10 Details of fixed assets employed shall be indicated activity wise in Proforma J and
reconciledwithfinancialaccountsandthedetailsofapportionmentofdepreciationto
respectiveactivitybespecifiedseparatelyincaseofcommonfixedassets;allitemsof
income,expenditureandmarginshallbereconciledwiththefinancialaccountsforthe
relevantperiod/yearasperProformaKandI.
11 The different types of Utilities should be shown distinctly under Proforma K and
separate cost statement for each of these utilities including apportionment thereof
shallbepreparedasperProformaA.
12 TheOverheadsanditemsofexpensesshownunderProformaKareindicativeandthe
classificationoftheOverheadsshallbeshownseparatelydependingontheoperation
oftheCompanyanditsbusinessprocess.
13 ThebasisofapportionmentofdifferentOverheadstotheutilitiesandproductioncost
centresshallbeclearlyindicated.
14 TheitemsofcostshownintheProformaareindicativeandthesameshallbereflected
keepinginmindmaterialityofeachitemofcostintheproductandactivitygroup.
15 The costaccountingpolicyand the basis of allocation and apportionment ofdifferent
itemsofcosttotheuserdepartmentsorcostcentresaswellasitsrecoveryinthefinal
product(s)toberecordedinaseparatestatement,whichwouldbeanintegralpartof
theserecordsunderthefollowingheads:
a) Utilitiesseparatelyforeachutility.
b) Overheads classified under Factory or Plant or Refinery Overheads,
AdministrationOverheads,MarketingandSellingandDistributionOverheads.
c) Depreciation,
d) ValuationofStocks
e) TreatmentandvaluationofByeProductsandJointProducts

[F.No.52/7/CAB2011]

B.B.GOYAL
Adviser(Cost)