The Competition Commission of India (Determination of Cost of Production) Regulations, 2009

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....9) New Delhi, the 20th day of August, 2009 No. L-3 (5)/Reg-Cost/2009-10/CCI.-In exercise of powers conferred by clause (a) of sub-section (2) of section 64 of the Competition Act, 2002 (12 of 2003), the Competition Commission of India hereby makes the following regulations, namely: - 1. Short title and commencement. - (1) These regulations may be called the Competition Commission of In....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e to the product during the referred period ; ii. "total variable cost" means the total cost referred to in clause (i) minus the fixed cost and share of fixed overheads, if any, during the referred period; iii. "total avoidable cost" means the cost that could have been avoided if the enterprise had not produced the quantity of extra output during the referred period; iv.....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... when the quantity produced changes by one unit. (2) Words and expressions used but not defined in these regulations shall have the same meaning respectively assigned to them in the Act or the Companies Act, 1956 (1 of 1956), as the case may be. 3. Determination of cost. - (1) "Cost" in the Explanation to section 4 of the Act shall, generally, be taken as average variable cost, as a proxy....