Stock Valuation

This query is : Resolved 
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(Querist)
29 January 2009 Is there any new notification related to stock valuation like items which are >6 months should be valued @Re.1 and >100 days should be at half the cost price etc? Please confirm.
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Deepak Agrawal

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Deepak Agrawal (Expert)
30 January 2009 NO...

Valuation of old items depends on Management.. Old AS 2 is applicable
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