This is to certify that the total cost of the project/product namely “__________” undertaken by M/s __________ located at __________ has been verified from the books of accounts, bills, invoices, and other relevant records produced before us.
As per the records examined, the total cost incurred/estimated for the above-mentioned project/product is Rs. __________ (Rupees __________ only).
The cost breakup is as follows:
Raw Material Cost: Rs. __________
Labour Charges: Rs. __________
Machinery/Equipment Cost: Rs. __________
Other Expenses: Rs. __________
Total Cost: Rs. __________
This certificate is issued at the request of the applicant for the purpose of __________ (Bank Loan / Tender / Subsidy / Project Approval etc.).
Date: __________
Place: __________
A Cost Certificate is an official financial document issued and certified by a Chartered Accountant (CA) or Cost and Management Accountant (CMA). It confirms and verifies the total cost incurred or estimated for a particular project, product, service, or business activity. The certificate provides a detailed breakdown of expenses such as raw materials, labor charges, machinery cost, overhead expenses, transportation, installation, and other related costs.
This document is commonly required by banks, government departments, financial institutions, and tender authorities to ensure transparency and accuracy in financial reporting. It helps in verifying the actual investment made in a project and is often used while applying for bank loans, government subsidies, project approvals, insurance claims, import-export documentation, and participation in government tenders.
A Cost Certificate typically includes the name of the applicant or company, details of the project or product, total cost amount, cost breakup, certification statement, date, signature, seal, and membership number of the issuing CA or CMA. It serves as legal proof of financial expenditure and supports compliance with regulatory and financial requirements.
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