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Kolkata, the 10th June, 2024NOTIFICATION No. CMA (1)/2024: In exercise of powers conferred by Regulation 146 of the Cost and Works Accountants Regulations, 1959, the Council of the Institute of Cost
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NOTI stands for Notice of Transfer and Inventory, a document used to report changes in ownership and inventory for regulatory purposes.
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Individuals and entities that transfer ownership of certain regulated items or are responsible for inventory reporting are required to file NOTI.
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The purpose of NOTI is to ensure that regulatory bodies are informed of changes in ownership and inventory, maintaining accurate records for compliance.
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Information required on NOTI includes the transferring party's details, receiving party's details, a description of the items, quantities, transfer dates, and any applicable regulatory numbers.
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