IT officials search NCDEX office

The National Commodity and Derivatives Exchange (NCDEX) said income tax (I-T) officials on Tuesday conducted a “routine survey” at its office in Mumbai.

“The visit of I-T officials is part of a routine survey by the department. The exchange is fully cooperating with the officials. The exchange has always been operating with the highest standards of ethical practices,” NCDEX said in a statement.

With very stringent surveillance mechanisms in place, the exchange continues to function with the highest integrity, offering market participants a safe and secure market place. The market is operating normally, it said. (PTI)