Definitions and Interpretations

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..... medicine; (c) compliance report means the compliance report duly authenticated and signed by a cost accountant in the specified form of compliance report; (d) Cost Accountant for the 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; (e) Cost Accounting Standards means the standards of cost accounting, issu .....

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..... (k) Institute means the Institute of Cost and Works Accountants of India constituted under the Cost and Works Accountants Act, 1959 (23 of 1959); (l) pharmaceutical activities means production, processing, or manufacturing of bulk drugs or formulations and includes the meaning assigned to them under the Drugs (Prices Control) Order 1995 as amended from time to time, or included under Chapters 29 and 30 of the Central Excise Tariff Act, 1985 (5 of 1986), and further includes the intermediate products and articles or allied products thereof; (m) product means any tangible or intangible good, material, substance, article, idea, know‐how, method, information, object, service, etc. th .....

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..... -12-2012 before it was read as (h) Form‐B means the form of the compliance report and includes Annexure to the compliance report; 4. Substituted vide Notification No. G.S.R. 863(E) dated 30-11-2012 w.e.f. 02-12-2012 before it was read as (n) product group in relation to tangible products means a group of homogenous and alike products, produced from same raw materials and by using similar or same production process, having similar physical or chemical characteristics and common unit of measurement, and having same or similar usage or application; and in relation to intangible products means a group of homogenous and alike products or services, produced by using similar or same process or inputs, h .....

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