Original value of investment in plant and machinery defined by ICAI Accounting Standards on Fixed Assets, clarifying excise treatment. Insertion of Explanation II into Notification No. 39/2001-CE clarifies that the 'original value of investment in plant and machinery installed in the factory' means the original value as determined in accordance with the Accounting Standards issued by the Institute of Chartered Accountants of India on Accounting for Fixed Assets, thereby specifying the valuation methodology to be applied under the notification.