Technical Cell of the Institute releases Guidance Note on Local Content in Manufacturing/ Production & Supply of Goods and Services
DPIIT's Public Procurement (Preference to Make in India), Order 2017 has prescribed that in case of procurement of value in excess of Rs.10 crore, the 'Class-I local supplier'/'Class-II local supplier' shall provide a certificate from the statutory auditor or cost auditor of the company (in the case of companies) or from a practicing cost accountant or practicing chartered accountant (in respect of suppliers other than companies) giving the percentage of local content.
In order to enhance the capacity of the members and stakeholders in this area and also for better understanding of the provisions relating to Public Procurement (Preference to Make in India), Order 2017, the Technical Cell of the Institute has developed this Guidance Note to help the members in assessing the facts and circumstances involved in each particular case of providing certification for local / indigenous content in the manufacturing/production of goods & services, at various stages of bidding and supply. It contains various recommendations and formats for local/indigenous content's computation and certification.
The Guidance note is available at the following link:
With best regards
CMA Chandra Wadhwa
Former President and Chairman, Technical Cell
The Institute of Cost Accountants of India