IT officials search NCDEX office

NCDEX said that the visit of IT officials is part of a routine survey by the department

National Commodity and Derivatives Exchange (NCDEX) said Income-Tax officials today conducted a "routine survey" at its office in Mumbai.

"The visit of IT 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 issued here.

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.