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Manual - ICDS IX : Borrowing Costs
The definition of borrowing cost is an inclusive definition. Bill discounting charges and other similar charges are covered as borrowing cost. Discounting charges which is not for borrowing of funds may not be included under this definition
Borrowing cost: bill discounting and similar charges treated as borrowing cost, except when not tied to borrowed funds. The definition of borrowing cost is inclusive and generally covers bill discounting charges and similar charges as borrowing cost for income computation and disclosure; however, discounting charges that do not arise from borrowing funds are excluded from that definition.
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