Definitions and Interpretations

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....he purpose of these rules means a cost accountant as defined in clause (b) of sub‐section (1) of section 2 of the Cost and Works 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 (1) of section 6 and who is deemed to be in practice under sub‐section (2) of section 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 an....

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....result of 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;           ^4[(k) "Product or Activity Group" means the product or activity groups notified vide S.O. 1747(E), dated the 7th August, 2012]            (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 pot....