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Indian Cost Accounts Service
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In 1978, Indian Cost Account Service (ICoAS) was constituted
and recruitment rules were notified in 1982.
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Only Accounting Service having professional Cost/Chartered
Accountants.
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Chief Adviser Cost is managing authority and central
repository of the cadre.
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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.
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Role
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Compliment the efforts of Central and State Governments/Departments:
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In optimum utilization of resources through allocation and
monitoring of funds, cost control and cost reduction and
efficency techniques.
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To aid revenue authorities in transparent assessment of revenues and
curb evasions and commercial frauds.
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In fixation of reasonable prices of goods and services.
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To protect industry, consumers and investors from unfair/restricted trade practices
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Anti-dumping mechanism
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Predatory pricing
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Abuse of dominance
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To provide advice on Cost and related Financial Management matters.
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