Function of the office of CAC

·       Assisting all Central Government Ministries/ Departments/ Organizations in solving complex Price/Cost related issues,

       in fixing fair prices for various services/ products and rendering advice to various Ministries/Departments in cost matters.  

·    Examination/ Verification of claims between Government Departments/ Public Sector undertakings and suppliers

       arising out of purchase contracts. 

·     Determining prices of products and services supplied to Government, in order to enable Government Departments

       to negotiate prices with the supplying organizations. 

·    Unit specific as well as industry level studies for determining cost/fair prices and making recommendations for fair

       prices/ rates for products and user charges for services, revision of these charges and also to determine reasonableness

       of prices charged, duty structure, etc.

·     Functioning as Chairman/Members of inter-ministered Committee constituted by Government/ different Departments

       related to Cost/financial and Pricing matters. 

·       Cost and performance audit of industrial undertaking.

·       Concurrent  audit of Escalations claims of  manufacturing units.

·       Subsidy determination and verification of claims. 

·     Cost Accounting System for departmental undertakings/Autonomous bodies. 

·    Member of standing committees to fixing responsibility for Time and Cost Overruns of major projects. 

·     Arbitrator in resolving pricing related disputes. 

·     Advise on matters relating to determination of Abatement Rate for purposes of Central Excise.