ETP Waste Cleaning after 6 Month of Production Starting of exist Dyeing Plant & Building Purchase

This query is : Resolved

Manivel M (Querist)
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09 October 2023 Dear Experts, kindly give clarifications for below..

we have purchased one Dyeing Unit Plant with Buildings. old owner not cleaned ETP wastages from Tanks. we have doing some of small constructions works for our convenient for productions immediately . now almost 6 months are completed. since we are going to clear exist ETP wastages & demolish of ETP tanks as per Govt Instructions and spend around 20 Lacs for this Process.

pl advise, whether this expenses 20 Lacs are should be treated as Capex or Opex to plant accounting entries ?

pl confirm...

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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09 October 2023 It's opex as no assets are created.

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