Tenders, licensing authorities and lenders often ask for independently certified figures. Recognised uses include average annual turnover for government procurement, production statements for BIS licence renewal and certificates required by banks under RBI guidelines.
Scope of service
- Average annual turnover certificates for tenders
- Production statements for BIS licence renewal
- Borrower certificates under consortium and multiple banking arrangements
- Other certificates required by regulators
Regulatory framework
- Manual for Procurement of Goods, 2017 (Department of Expenditure)
- BIS (Conformity Assessment) Regulations, 2018
- RBI directions to banks
Typical professional activities
- Verification of books and returns
- Certificate in the specified format with UDIN
Applicable industries
- Manufacturing
- Automobile & Auto Components
- Engineering
- IT & Software
- Pharmaceuticals
- Infrastructure
- Sugar & Agro Industries
- Trading & Distribution
- Service Industries
- Startups & Growing Businesses
Relevant articles and resources
- CAS-2: capacity determination and the cost of idle capacity
- CAS-4: cost of production for captive consumption
- CAS-6: measuring material cost
- CAS-7: employee cost in product costing
- Knowledge Centre: Cost Accounting
The information on this page describes the nature of the service. It is not advice on any specific matter. See the disclaimer.