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of <h1>Understanding Raw Material Valuation: Expense Recognition, Write-Downs, and Reversals under Ind AS</h1> Raw material valuation under Indian Accounting Standards (Ind AS) involves recognizing the carrying amount of inventories as an expense when related revenue is recognized. Write-downs to net realizable value (NRV) and inventory losses are also recognized as expenses in the period they occur. If there is a reversal due to an increase in NRV, it reduces the expense in the period of reversal. Additionally, inventories allocated to other assets, such as self-constructed property or equipment, are expensed over the asset's useful life.
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