Cost Accounting Records(Milk Food) Rules,2001 – revision of Applicability clause - Companies Law - 36/2003

General Circular No. 36 of 2003,dated 29-12-2003, issued by Department of Company Affairs Subjects:- Cost Accounting Records(Milk Food) Rules,2001 revision of Applicability clause Attention is invited to rule 2(1) relating to the application of the Cost Accounting Records (Milk Food) Amendment Rules, 2001, and rule 2(3) defining the term milk food therein. 2. The Government has received representations from the Industry Association that while the intention to amend the Cost Accounting Records (Infant Milk Foods) Rules, 1974, and the Cost Accounting Records (Milk Food) Rules, 1986, was to merge the two Rules, the new Rules have substantially increased the coverage of products by modifying the definition of milk products and even products such as chocolates have been treated as a milk product. 3. Further, it has been felt that since no minimum percentage of milk input in a product has been defined to make it a milk product for the purposes of the Cost Accounting Records Rules, even the mere presence of milk in the most minimal quantities might cover the product under the revised Rules. 4. Considering the above, it has been decided to revise the applicability clause contained in rule 2(1) and rule 2(3) of the Cost Accounting Records (Milk Food) Amendment Rules, 2001, in such a manner that these Rules will be applicable to the companies engaged in the production, processing or manufacture of (i) infant milk foods as defined in the erstwhile rule 2 and rule 3 of the Cost Accounting Records (Infant Milk Foods) Rules, 1974, or (ii) milk food as defined under the erstwhile rule 2(1) and rule 2(3) of the Cost Accounting Records (Milk Food) Rules, 1986. 5. Notification on the above follows.