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TMI BlogCompetition Commission of India (Determination of Cost of Production) Regulations, 2025.X X X X Extracts X X X X X X X X Extracts X X X X ..... of India (Determination of Cost of Production) Regulations, 2025. (2) They shall come into force on the date of their publication in the Official Gazette. 2. DEFINITIONS.- (1) In these regulations, unless the context otherwise requires - (a) "Act" means the Competition Act, 2002 (12 of 2003); (b) "average variable cost" means total variable cost divided by total output during the referred period; (c) "Cost" as used in Regulation 3 and its derivation may have reference to: i. "total cost" means the actual cost of production including items, such as cost of material consumed, direct wages and salaries, direct expenses, depreciation, work overheads, quality control cost, research and development cost, packaging cost, administratio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... at arises 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, 2013 (18 of 2013), as the case may be. 3. DETERMINATION OF COST. - "Cost" in the Explanation to section 4 of the Act shall, generally, be taken as average variable cost, as a proxy for marginal cost: Provided that in specific cases, for reasons to be recorded in writing, the Commission may, depending on the nature of the industry, market and technology used, consider any other relevant cost concept such as average total cost, average avoidable cost, or long run average incremental cost. 4. ENGAGEMENT OF EXPERTS. - (1) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nder the repealed regulations, prior to such repeal, shall be deemed to have been done or taken under the corresponding provisions of these regulations; (b) the operation of the repealed regulations or anything duly done or suffered thereunder, any right, privilege, obligation or liability acquired, accrued or incurred thereunder, or any investigation, legal proceeding or remedy ensued thereunder, shall remain unaffected as if the repealed regulations have never been repealed; (c) after the repeal of the Competition Commission of India (Determination of Cost of Production) Regulations, 2009, any reference thereto including in any regulations, direction or decision issued by the Commission, shall be deemed to be a reference to the corres ..... X X X X Extracts X X X X X X X X Extracts X X X X
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