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RIGHT TO
INFORMATION ACT, 2005 The Right to Information Act is aimed to promote openness, transparency
and accountability in Administration.
The details about office of Chief Adviser Cost are as follows :- 1. Office of
Chief Adviser Cost Office of the Chief Adviser Cost
(CAC) is responsible for advising the Ministries and Government Undertakings
on cost accounts matters and to undertake cost investigation work on their
behalf. Office of Chief Adviser Cost
is one of the divisions functioning in the Department of Expenditure. It is a
professional agency staffed by Cost/Chartered Accountants. Chief Adviser Cost Office, is
dealing with matters relating to costing and pricing, industry level studies
for determining fair prices, studies on user charges, central excise
abatement matters, cost-benefit analysis of projects, studies on cost
reduction, cost efficiency \ appraisal of capital intensive projects,
profitability analysis and application of modern management tools evolving
cost and commercial financial accounting for Ministries/Department of
Government of India. It was
set up as an independent agency of the Central Government to verify the cost
of production and to determine the fair selling price for Government
Departments including Defence purchases in respect of the cases referred to.
The role of the office was further enlarged and extended to fixing prices for
a number of products covered under the Essential Commodities Act, such as,
Petroleum, Steel, Coal, Cement, etc. under the Administered Price Mechanism
(APM). Since cost/pricing work in the Ministries increased significantly,
various other Ministries/Departments started to have their in house expertise
by seeking posting of officers for work needing expertise in cost/commercial
accounts matters. In the Post
liberalization era, the office is receiving and conducting studies in
synchronization with the liberalization policy of the Government in addition
to the traditional areas of cost-price studies. Chief
Adviser Cost’s Office is also cadre controlling office for the Indian Cost
Accounts Service (ICoAS) up to Adviser (Cost) level
and looks after training requirements of the officers for continuous
up-gradation of their knowledge in addition to rendering professional
guidance to the ICoAS officers working in different
participating organizations. 2. Powers and Duties of Officers
& Employees of CAC a) As
per allocation of Business Rules, 1961: “To advise Ministries and Government Undertakings on
Cost Accounts Matters and attending to Cost investigations work on their
behalf” b) The major areas of
professional functions of the office of the Chief Adviser Cost are as under: 1. Assisting all Central Government Ministries / Departments / Organizations in undertaking Price / Cost related issues, in fixing fair prices for various services/products and rendering advice to various Ministries/Departments in cost matters. 2. Examination / Verification of claims between Government Departments / Public Sector undertakings and suppliers arising out of purchase contracts. 3. Determining prices of products and services supplied to Government, in order to enable Government Departments to negotiate the prices with the supplying organizations. 4. Unit specific as well as industry level studies for determining cost and to determine reasonableness of prices charged,/fair prices and making recommendations for fair prices / rates for products and user charges for services, revision of these charges and duty structure, etc. 5. Valuation of assets and liabilities of business taken over and shares of public sector undertakings. 6. Functioning as Chairman/Members of Committee constituted by Government / different Departments related to Cost/financial and Pricing matters. 7. Cost and performance audit of industrial undertaking. 8. Concurrent Internal cost audit of Escalations claims of urea manufacturing units determined by Fertilizer Industry Coordination Committee. 9. Subsidy determination and verification of claims. 10. Cost Accounting System for departmental undertakings / Autonomous bodies. 11. Time and Cost Overruns of major projects. Efficiency and Competitiveness studies. 12. Arbitrator in resolving pricing disputes. 13. Advise on matters relating to determination of Abatement Rate for purposes of Central Excise.
3. The Procedure followed in decision
making process Functions of Office
of Chief Adviser Cost are advisory in nature.
Duties include conducting studies / expert advice on receipt of
reference from various Ministries/Departments. The duties are discharged by carrying out
field visits, in-depth examination and analysis of cost data etc. and thereafter,
the reports/recommendations are sent to the wherever required
respective Ministries/Departments.
Being a recommendatory body, it is for the concerned Ministries to
take decision on the recommendations of the Office of Chief Adviser Cost.
4.
The norms for the discharge of its functions Generally Accepted Accounting Principles, Accounting Standards, Cost Accounting Standards and prevalent statutory laws are adhered to in arriving at cost/ price of product/ service. Further, In order to bring transparency and avoid arbitrariness , concerned organizations are involved as required during the course of study. 5.
The Rules, Regulations, Manuals and records, held by the office of Chief
Adviser Cost or under its control Office
of Chief Adviser Cost follows the rules regulations, instructions etc. issued
by DOP&T from time to time in service matters. Recommendations/suggestions made by Office
of Chief Adviser Cost are within the framework of instructions / guidelines
issued by the Government from time to time. 6.
Statement of Categories of documents that are held by the office of Chief
Adviser Cost The
documents/ reports held are confidential in
nature in respect of the studies carried out by Office of Chief Adviser
Cost, on behalf of Ministries/Departments. 7.
Particulars of any arrangement that exists for consultation with or
representation by the members of public in relation to formulation of its
policy or its implementation Since,
the studies referred by Ministry/Department are dealt with, representation by
the members of public is at the concerned Ministry level. 8. Boards,
Councils, Committees and other bodies consisting of two or more persons
constituted as its part or for the purpose of its advice, and as to whether
meeting of those boards, councils, committees and other bodies are open to
public, or the minutes of such meetings are accessible to public Not Applicable 9. Directory of Officers &
Employees
10. Monthly remuneration received of
Officers & Employees The scales of pay in respect of
various officers are as follows:-
* 1 post against leave vacancy. 11. Budget Allocation
Head
wise Break-up of CAC budget
12. Execution
of subsidy programmes, including the amounts allocated and details of
beneficiaries of such programmes
Nil
13. Particulars of recipient of
Concessions, permits for Authorization granted
Not
applicable
14.
Information held by the office
in electronic form Annual Reports, Recruitment Rules. 15. Facilities available to citizens
for obtaining information All
information relating to working of CAC are available on the web site www.cac.gov.in . 16 Name,
Designation and other particulars of
Public Information Officer Name
:- Geeta Chhabra Designation :-
Director (Cost) Address
:- O/o Chief Adviser Cost, 2nd Floor,
C Wing, Loknayak Bhawan, Khan Market, New Delhi – 110 003 Tel Nos. :- 011-24698435 17. Such other information as may be
prescribed: Nil |
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