Quick Summary
Technical Cell of the Institute releases Guidance Note on Local Content in Manufacturing/ Production Supply of Goods and Services DPIITs 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 su
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FAQ :
The Guidance Note aims to enhance the capacity of members and stakeholders in understanding and complying with the Public Procurement (Preference to Make in India) Order 2017, specifically regarding local content in manufacturing, production, and supply of goods and services.
The Guidance Note relates to the DPIIT's Public Procurement (Preference to Make in India) Order 2017.
The order prescribes requirements for procurement of value in excess of Rs. 10 crore.
In cases of procurement exceeding Rs. 10 crore, 'Class-I local supplier'/'Class-II local supplier' must provide a certificate of local content.
The certificate can be provided by the statutory auditor or cost auditor of the company (for companies), or by a practicing cost accountant or practicing chartered accountant (for suppliers other than companies).
The Guidance Note offers recommendations and formats for the computation and certification of local/indigenous content at various stages of bidding and supply.
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