Cost accounting records amendment expands covered chemical products, requiring their inclusion in statutory cost records upon Gazette publication. The Central Government, under section 642 read with clause (d) of section 209(1) of the Companies Act, 1956, amends the Cost Accounting Records (Chemical Industries) Rules, 1987 by inserting items 21-41 into the appendix to specify additional chemical and petrochemical products for which statutory cost accounting records must be maintained; the amendment takes effect on publication in the Official Gazette.
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Cost accounting records amendment expands covered chemical products, requiring their inclusion in statutory cost records upon Gazette publication.
The Central Government, under section 642 read with clause (d) of section 209(1) of the Companies Act, 1956, amends the Cost Accounting Records (Chemical Industries) Rules, 1987 by inserting items 21-41 into the appendix to specify additional chemical and petrochemical products for which statutory cost accounting records must be maintained; the amendment takes effect on publication in the Official Gazette.
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