Page 171 - DCOM206_COST_ACCOUNTING_II

Cost Accounting – II

Notes (b) “Milk Food” means any food produced by mixing whole milk, partly skimmed
milk or milk powder with ground barely malt or any other malted cereal grain,
wheat flour or any other cereal flour or malt extract, with or without addition of
flavouring agents and spices, edible common salt, sodium or potassium bicarbonate
minerals and vitamins, cocoa powder, sugar or sweetening agents or other edible
materials
29. Chemicals: These rules shall apply to every company engaged in the production, processing
or manufacture of products as specified in the Appendix to these rules:
Provided that these rules shall not apply to a company,
(a) Wherein, the aggregate value of machinery and plant installed as on the last date of
the preceding financial year, does not exceed the limit as specified for a small scale
industrial undertaking under the provisions of Industries (Development and
Regulation) Act, 1951 (65 of 1951); and
(b) The aggregate value of the turnover made by the company from sale or supply of all
its products or activities during the preceding financial year does not exceed ten
crores of rupees.
30. Definitions: In these rules unless context otherwise requires:
(a) The expression “formulation” means a medicine processed out of or containing one
or more bulk drugs with or without the use of any pharmaceutical aids for internal
or external use for or in the diagnosis, treatment, mitigation or prevention of disease
in human beings or animals and shall include
(i) Any medicine included in any bonafide Ayurvedic (including Sidha) or Unani
(Tibb) systems of medicines;
(ii) Any medicine included in the Homeopathic system of medicine.
(b) “Bulk drug” means any pharmaceutical, chemical, biological or plant product
including its salts, esters, stereo-isomers and derivatives, which are used as such or
as an ingredient in any formulation.
31. Steel Plant: These Rules shall apply to every company engaged in the production processing
or manufacture of steel and steel products, Which includes Ingot steel, Blooms, Billets,
Slabs (code as well as semi finished); steel products produced by backward integration
like Coal based Sponge Iron, Gas based hot briquette Iron, steel products produced by
forward integration like Beams, Angles, Tees, Sees, Channels, Pilings, Rails, Crane Rails,
Joint Bars, Bars (Round Squares, Hexagonal, Octagonal, Flat, Triangular, Half Round);
Wire, Wire ropes, Nails, Wire fabric, Plates, Pipe & Tubes, HR Coils/Sheets, CR Coils/
Sheets excepting those companies falling under the category of Small Scale Industrial
Undertakings.
32. Insecticides: These Rules shall apply to every company engaged in the production,
processing or manufacture of the classes of Insecticides as defined under clause (e) of
Section 3 of the Insecticides Act. 1968 (46 of 1968) and included in the schedule annexed to
the said Act and as amended from time to time, excepting those companies falling under
the category of “Small Scale Industrial Undertaking”.

33. Fertilizers: These Rules shall apply to every company engaged in the production, processing
or manufacture of fertilizers whether nitrogenous, phosphates and/or complex (organic,
inorganic and/or mixed) and includes all types of fertilizers as defined in clause (h) of
Section 2 of the fertilizer (control) order, 1985, made under Section 3 of the Essential
Commodities Act, 1955 (10 of 1955) and as amended from time to time, excepting those
companies falling under the category of “Small Scale Industrial Undertakings.”

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