ETP Waste Cleaning after 6 Month of Production Starting of exist Dyeing Plant & Building Purchase
This query is : Resolved
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...
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
(Expert)
09 October 2023
It's opex as no assets are created.
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