Does the provisions of ICDS II apply on derivatives.

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... II : Valuation of Inventories If an assessee holds derivatives as a part of his inventory , provisions of ICDS II shall apply since the definition of securities contained in ICDS VIII specifical .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X