Where some of the goods are in bond, it is usual to have separate stock sheets for them. The particulars of stock entered on them should be examined by reference to bond warrants. If the same are pledged with some bank, a certificate should be obtained from the bank. The bonded goods should be valued at cost or market value, whichever is less. The value placed on such stock should be counterchecked by reference to relevant invoices from foreign suppliers.
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