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<h1>Amendment Clarifies Valuation of Plant and Machinery Investments for Textile Processors under Central Excise Rules</h1> The Central Government has amended Notification No. 32/2001-CE dated 28th June 2001, under the Central Excise (No. 2) Rules, 2001, to clarify the valuation of investments in plant and machinery for independent textile processors. The amendment specifies that the original value of such investments should be determined according to the Accounting Standards issued by the Institute of Chartered Accountants of India on Accounting for Fixed Assets. This clarification is intended to remove any doubts regarding the valuation process.