Non-maintenance of grade wise cost Sample Clauses

Non-maintenance of grade wise cost. X. XXXX G-lex and G-lene are the brand name of polymers produced and marketed by GAIL. Over the period, GAIL has developed its own policy for pricing of its polymer products and has a well defined marketing mechanism. Price of polymer products in domestic market is indexed to the international prices of polymers (Import Parity Price – IPP). Audit, however, observed that GAIL does not maintain grade-wise cost of polymers which would enable determining grade wise profitability. MoPNG/Management stated (October /November 2015) that GAIL initially strived to have pan India presence in all downstream polymer sectors. After attaining market maturity, GAIL is trying to ascertain grade wise as well as location wise profitability. It was also stated that standard costing mechanism is maintained from 2005-06. Recently fine tuning has been done to the grade wise cost analysis and after commissioning of Pata-II it would be possible to effectively implement grade optimisation. In this regard it may be noted that GAIL has been in the business since 1999 and was not able to implement grade wise cost effectively so far. In absence of this, margin from sale of different grades at different price levels could not be estimated for providing adequate managerial information.
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Related to Non-maintenance of grade wise cost

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