Government of India
Ministry of Finance
Department of Expenditure
Chief Adviser Cost
For Hindi
Cadre Review of ICoAS NO MANUAL ACCPETANCE OF APAR - FROM YEAR 2017-18 ONWARDS
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Indian Cost Accounts Service
 
 
  • In 1978, Indian Cost Account Service (ICoAS) was constituted and recruitment rules were notified in 1982.

  • Only Accounting Service having professional Cost/Chartered Accountants.

  • Chief Adviser Cost is managing authority and central repository of the cadre.

  • 31 participating offices of various Ministries/Departments such as Economic Affairs, Revenue, Commerce, Company Affairs, Defence, Chemicals & Fertilizers, Industry, Agriculture, Consumer Affairs and PD, Supply National Pharmaceutical Pricing Authority, I&B etc.

 
Role
 
  Compliment the efforts of Central and State Governments/Departments:  
 
  • In optimum utilization of resources through allocation and monitoring of funds, cost control and cost reduction and efficency techniques.

  • To aid revenue authorities in transparent assessment of revenues and curb evasions and commercial frauds.

  • In fixation of reasonable prices of goods and services.

  • To protect industry, consumers and investors from unfair/restricted trade practices
    • Anti-dumping mechanism
    • Predatory pricing
    • Abuse of dominance

  • To provide advice on Cost and related Financial Management matters.