Q. Provision required to be created

Question

As per the Hazardous and Other Wastes (Management and Transboundary Movement) Amendment Rules, 2022, A manufacturer of Tyres shall have the following extended producer responsibility obligation:

Sl. No.	Year	Waste Tyre Recycling Target in Weight (Kilogram or Tons)
(1)	(2)	(3)
(i)	EPR obligation of the year 2022-2023 (the year in which this Schedule comes into force)	35% of the quantity of new manufactured or tyres imported in year 2020-2021
(ii)	EPR obligation of the year 2023-2024	70% of the quantity of new manufactured or tyres imported in year 2021-2022
(iii)	EPR obligation of the year 2024- 2025	100% of the quantity of new manufactured or tyres imported in year 2022-2023.
(iv)	After the year 2024-2025 (year Y), the extended producer responsibility obligation shall be 100% of the quantity of new tyres manufactured or imported in the year (Y-2).
(v)	Units established after the 1st April, 2022, the extended producer responsibility obligation shall start after two years (Y) and shall be 100% of the new tyres manufactured or imported in the year (Y-2).

In this case, what should be the provision for FY 2022-23.

(1) Only for the Quantity manufactured in FY 2020-21 or

(2) Quantity manufactured in FY 2020-21,2021-22, 2022-23 as the obligating event has already happened.