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Depreciation Norms for Licensees

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The Gazette of India
EXTRAORDINARY
PART II Section 3 - Sub-Section (ii)
PUBLISHED BY AUTHORITY
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No.151 NEW DELHI, TUESDAY, the March 29,1994/Chaitra 8, 1916
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Ministry of Power
[Department of Power]
NOTIFICATION

 

New Delhi,
27th March, 1994.

 

S.O. 265(E):- In exercise of the power conferred by sub paragraph (a) of paragraph VI of the sixth schedule to the Electricity(Supply) Act, 1948, (54 of 1948) the Central Government, after consultation with the Central Electricity Authority, hereby makes the following amendments to the notification of the Government of India in the erstwhile Ministry of Power and Non-conventional Energy Sources, Department of Power, No.S.O. 92(E) dated the 23rd January, 1992, namely:-

In the said notification-

(a) for the words, figures and letters "statement of accounts commencing on Ist April, 1992", the words, figures and letters "statement of accounts commencing on Ist April, 1994" shall be substituted;

(b) for the schedule, the following schedule shall be substituted; namely,

SCHEDULE

Description
of Assets
Existing Revised
  Fair life
(years)
Depreciation
(Straightline)
Fair life
(years)
Depreciation
(Straight
line)
(1) (2) (3) (4) (5)
A. Land owned under full
title
Infinity -- Infinity --
B. Land held under lease
a) for investment in
the land
The period of lease or the period remaining unexpired on the assignment of the lease -- The period of lease or the period remaining unexpired on the assignment of the lease --
b) for cost of
clearing site
The period of lease remaining unexpired at the date of clearing the site -- The period of lease remaining unexpired at the date of clearing the site --
C. Assets Purchased New:
a. Plant and machinery in generating stations including plant foundations:-
i) Hydro-electric 35 3.40 35 3.40
ii) Steam electric 25 5.06 25 7.84
NHRS & Waste Heat Recovery Boilers/Plants
iii) Diesel-electric
and gas plant
15 8.24 15 8.24
b. Cooling towers and
circulating water
systems
25 5.06 25 7.84
c. Hydraulic works forming part of Hydro-electric system including:-
i) Dams, Spillways
weirs, canals,
reinforced concrete
Flumes and syphons
50 1.95 50 1.95
ii) Reinforced
concrete pipelines and surge tanks,
steel pipelines,
sluice gates, steel
surge (tanks)
hydraulic control
valves and other
hydraulic works.
35 3.40 35 3.40
d. Building & civil engineering works of permanent character, not mentioned above:-
i) Offices & showrooms 50 1.95 50 3.02
ii) Containing thermo
electric generating
plant
25 5.06 25 7.84
iii) Containing Hydro
Electric generating
plant
35 3.40 35 3.40
iv) Temporary erection
such as wooden
structures
5 21.55 5 33.40
v) Roads other than
kutcha roads
50 1.95 50 3.02
vi) Others 50 1.95 50 3.02
e. Transformers, transformer (Kiosk) sub-station equipment & other fixed apparatus
(including plant foundations)
i) Transformers
(including foundations)
having a rating of 100
kilo volt amperes and
over
25 5.06 25 7.81
ii) Others 25 5.06 25 7.84
f. Switchgear including
cable connections
25 5.06 25 7.84
g. Lightning arrestors:
i) Station type 25 5.06 25 7.84
ii) Pole type 15 8.24 15 12.77
iii) Synchronous
condensor
35 3.40 35 5.27
h. Batteries 5 21.55 5 33.40
i) Underground Cable
including joint boxes
and disconnected
boxes
35 3.40 25 5.27
ii) Cable duct system 50 1.95 50 3.02
i. Overhead lines including supports:
i) Lines on fabricated steel operating at nominal voltages higher than 66 KV. 35 3.40 35 5.27
ii) Lines on steel supports operating at nominal voltages higher than 13.2 kilovolts but not exceeding 66 kilovolts 25 5.06 25 7.84
iii) Lines on steel or reinforced concrete supports 25 5.06 25 7.84
iv) Lines on treated
wood supports
25 5.06 25 7.84
j. Meters 15 8.24 15 12.77
k. Self propelled
vehicles
5 21.55 5 33.40
l. Air conditioning plants:
i) Static 15 8.24 15 12.77
ii) Portable 5 21.55 5 33.40
m.
i) Office furniture
and fittings
15 8.24 15 12.77
ii) Office equipments 15 8.24 15 12.77
iii) Internal wiring including fittings and apparatus 15 8.24 15 12.77
iv) Street light
fittings
15 8.24 15 12.77
o. Apparatus let on hire
i) Other than motors 5 21.55 5 33.40
ii) Motors 15 8.24 15 12.77
p. Communication equipment:
i) Radio and high
frequency carrier
system
15 8.24 15 12.77
ii) Telephone lines
and telephones
15 8.24 15 12.77
q. Assets purchased second hand and assets not otherwise provided for in the Schedule Such reasonable period as the
competent Government determines in each case having regard to the nature,
age and condition of the assets at the
time of its acquisition by the owner".
 

 


F No. 6/1/TARIFF/93-94)
(T. SETHUMADHAVAN)
Joint Secretary