(a) “Act” means the Companies Act, 1956 (1 of 1956);

(b)

signed by a cost accountant in the specified form of compliance report;

(c) “Cost Accountant” for the purpose of these rules means

defined in clause (b) of sub

Accountants Act, 1959 (23 of 1959) and who is either a permanent employee

of the company or holds a valid certificate of practice under sub

section 6 and who is deemed to be in practice under sub

2 of that Act and includes a firm of cost accountants;

(d) “Cost Accounting Standards” means the standards of cost accounting, issued

by the Institute;

(e) “cost records” means books of account relating to utilisation of materials,

labour and other items of cost as applicable to the production, processing,

manufacturing or mining activities of the company;

(f) “Form

and other documents with the Central Government in the electronic mode;

(g) “Form

the compliance report;

‐

(h) “Generally Accepted Cost Accounting Principles” means the principles of cost

accounting issued by the Institute;

(i) “Institute” means the Institute of Cost and Works Accountants of India

constituted under the Cost and Works Accountants Act, 1959 (23 of 1959);

(j) “product” means any tangible or intangible good, material, substance, article,

idea, know

human, mechanical, industrial, chemical, or natural act, process, procedure,

function, operation, technique, or treatment and is intended for use,

consumption, sale, transport, store, delivery or disposal;

(k) “product group” in relation to tangible products means a group of

homogenous and alike products, produced from same raw materials and by

using similar or same production process, having similar physical or chemical

characteristics and common unit of measurement, and having same or similar

usage or application; and in relation to intangible products means a group of

homogenous and alike products or services, produced by using similar or same

process or inputs, having similar characteristics and common unit of

measurement, and having same or similar usage or application;

(l) “sugar activities” means the activities relating to the production, processing, or

manufacturing of any form or grade of sugar, molasses, or alcohol (including

ethyl alcohol, rectified spirit, absolute alcohol, denatured alcohol, power

alcohol, or solvent blends etc. but excluding potable alcohol) by using any raw

materials, and includes the meaning assigned to them under Chapter 17 or

Chapter 22 of the Central Excise Tariff Act, 1985 (5 of 1986) or of the Customs

Tariff Act, 1975 (51 of 1975), and further includes the intermediate products

and articles or allied products thereof;

(m) “turnover” means total turnover made by the company from the sale or supply

of all products or services during the financial year and it includes any turnover

from job work or loan license operations and the subsidies or grants or

incentives received but does not include any non

(n) all other words and expressions used in these rules but not defined, and

defined in the Act and rules made under clause (d) of sub

209 of the Act shall have the same meanings as assigned to them in the Act or

rules, as the case may be.

3.

as defined under section 591 of the Act, which is engaged in the production,

processing, or manufacturing of sugar activities and wherein, the aggregate value of

net worth as on the last date of the immediately preceding financial year exceeds five

crores of rupees; or wherein the aggregate value of the turnover made by the

company from sale or supply of all products or activities during the immediately

preceding financial year exceeds twenty crores of rupees; or wherein the company’s