The regional offices may accept the logging carried out by the Customs Authorities based on their assessment of the final export product provided the corresponding inputs are accounted for as per the existing norms or those fixed by the competent authorities.
In exercise of the powers conferred by sub-section (1) of section 210A of the Companies Act, 1956 (1 of 1956), the Central Government hereby constitutes an Advisory Committee to be called the National Advisory Committee on Accounting Standards, consisting of the following persons, to advise the Central Government on the formulation and laying down of accounting policies and accounting standards for adoption by companies or class of companies under the Act.
