Chettinad Cement Corporation Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:
There is a change in accounting policy regarding non-inclusion of excise duty in net sales and the corresponding non disclosure of the expenditure viz., excise duty which is more than 10% of the total expenditure and non inclusion of excise duty on finished goods and non provision of excise duty liability on finished goods.
There is a change in accounting policy regarding non-inclusion of excise duty in net sales and the corresponding non disclosure of the expenditure viz., excise duty which is more than 10% of the total expenditure and non inclusion of excise duty on finished goods and non provision of excise duty liability on finished goods.
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