What is the scope of ICDS-VII?
ICDS-VII deals with the treatment of Government Grants. The government grants may be called by other names such as subsidies, cash incentives, duty drawbacks, waiver, concessions, reimbursements, etc.

This ICDS does not deal with:

(a) Government assistance other than in the form of Government grants; and

(b) Government participation in ownership of an enterprise.​