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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>ICDS II Standards Apply to Traders of Livestock, Agriculture, and Minerals for Inventory Valuation, Excludes Producers.</h1> ICDS II applies to traders or dealers of livestock, agriculture, forest products, mineral oils, ores, and gases for inventory valuation. The exclusion from ICDS II is specific to producers of these items, not traders or dealers. Therefore, traders or dealers must adhere to ICDS II standards for income computation and disclosure regarding the valuation of their inventories.
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