Closing Inventories definition

Closing Inventories as defined in Section 2.3(b).

Closing Inventories has the meaning set forth in Section 2.10(b). "Code" means the Internal Revenue Code of 1986, as amended. "Committee Trust Order" has the meaning set forth in Section 8.7(b). "Competing Bid" has the meaning set forth in Section 6.9.

Closing Inventories means the Inventories set forth in the Closing Inventory Schedule.

Examples of Closing Inventories in a sentence

• This line is the sum of lines 7 to 10 (Receipts from Other Reporting companies + Receipts from Other Non-Reporting Companies + Imports + Opening Inventories), and lines 2 and 5 (Transfers Inter-Products + Inter- Provincial Transfers In) LESS lines 11 to 15 (Closing Inventories, Deliveries to Other Reporting Companies, Exports, Losses and Adjustments, and Own Consumption) and LESS line 6 (Inter- Provincial Transfers Out).

• This line is thesum of lines 7 to 10 (Receipts from Other Reporting companies + receipts from other Non Reporting companies + Imports + Opening Inventories), and lines 1, 2 and 5 (Refinery Production+ Transfers + Interprovincial Transfers In) LESS lines 11 to 15 (Closing Inventories, Deliveries to other reporting companies, Exports, losses and adjustments, and own consumption) and LESS lines 3 and 6 (Transfers to Refinery Feedstock and Interprovincial Transfers Out).

• Within three (3) business days after the calculation of the Closing Inventories and Fixed Assets Capital becomes binding and conclusive on the parties pursuant to Section 2.9, Sellers or Buyer, as the case may be, shall make the wire transfer payment provided for in this Section 2.8.

• The purchase price payable by Seller for such Closing Inventory shall be the amount by which the appropriate net book value of such Closing Inventories less applicable reserves (as reflected on the Closing Date Statement of Net Assets) is greater than the Inventory Realized Amount.

• The Closing Inventories consist of a quality and quantity usable and salable in the ordinary course of business.

• CHANGE IN INVENTORIES (₹ in Lakhs)ParticularsFor the year ended31st March, 2019For the year ended31st March, 2018(a) Opening inventories (i) Traded Goods71.46-(ii) Work in progress624.56691.20(iii) Finished Goods1,725.291,926.55 2,421.312,617.75(b) Less: Closing Inventories (i) Traded Goods46.6471.46(ii) Work in progress640.19624.56(iii) Finished Goods1,812.451,725.29 2,499.272,421.31TOTAL(77.97)196.44 27.

• If the Adjustment Amount is negative, the difference between the Closing Inventories and Fixed Assets Capital and the Initial Inventories and Fixed Assets Capital shall be paid by wire transfer by Buyer to an account specified by Sellers.

• All Products in the Closing Inventories were produced or manufactured in accordance with the specifications for such Products, including as set forth in the Drug Authorizations for such Products, as applicable, and in compliance with applicable Legal Requirements, in each case in all material respects.

• The “Adjustment Amount” (which may be a positive or negative number) will be equal to the amount determined by subtracting the Closing Inventories and Fixed Assets Capital from the Initial Inventories and Fixed Assets Capital.

• Work-in-Progress * Finished Goods * Less: Closing Inventories Work-in-Progress Finished Goods 570.46 1,492.19 2,062.65 593.802,133.96 2,727.76 (665.11) 566.77 2,048.86 2,615.63 583.841,843.69 2,427.53 188.10*Net of cenvat credit taken on Excise Duty become applicable on product at Kala-amb unit (DDPY) w.e.f. April 10, 2017 .

More Definitions of Closing Inventories

Closing Inventories means the value of the Inventory as of the Closing, determined in accordance with Accounting Principles.