Chartered accountant recognition added to eligible verifiers under section 14AA, expanding authorised professionals for central excise compliance. The amendment substitutes 'cost accountant' with 'cost accountant or chartered accountant' in sub-sections (1) and (2) of section 14AA and renumbers the Explanation as Explanation 1, inserting a new Explanation 2 that defines 'chartered accountant' by reference to the Chartered Accountants Act, 1949.