Value of taxable commodities transaction
108. The value of taxable commodities transaction referred to in section 107 shall, with reference to such transaction, be the price at which the commodity derivative is traded.
Notes on Clauses:
Clause 108 of the Bill provides the manner of computing the value of a taxable commodities transaction. The value of a taxable commodities transaction, in the case of sale of commodity derivative, shall be the price at which the commodity derivative is traded.
