Release of Exposure Draft

Cost Accounting Standard (CAS – 25) on Valuation of Inventory

Valuation of inventory is an important process for any business entity, as it affects the accuracy of cost / financial statements and the ability to take informed business decisions. In order to facilitate correct valuation of inventory under the Cost Accountancy principles and to bring uniformity and consistency in the principles and method of determining the value of inventory with reasonable accuracy, the Cost Accounting Standards Board (CASB), the standard-setting body of the Institute, in its 105th meeting held on 29th January 2025 has approved the release of Exposure Draft of the Cost Accounting Standard on Valuation of Inventory (CAS-25) seeking public comments / suggestions within 21st February 2025. The draft standard shall be finalised by the Board in the light of the suggestions / comments received within the prescribed last date.

Please submit your suggestions / comments on the ED CAS-25 through email at casb@icmai.in strictly in the format given hereunder:

To download the Exposure Draft of ED CAS-25, please click here