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generator purchased

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(Querist)
14 July 2011 I purchased a old and used generator from gujrat when it comes from gujrat throw my own transport police deduct a challan of Rs 13000 due to overload of truck .so I want to ask that can i capital that challan amt. in generator cost ? if no where i can book that cost in my account. reply fast.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
14 July 2011 This kind of penalty, not forming part of cost of assets
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romit

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romit (Querist)
15 July 2011 sir i am not satisfied with your answer because you did'nt give full solution to my query
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
15 July 2011 Please refer AS-10 for capitalization of fixed assets, Transportation cost can be part of fixed assets,but the nature of penalty may not be
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romit

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romit (Querist)
15 July 2011 sir if i can't book that amount in generator cost where i can book that amount in my account book
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CS Bijoy

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CS Bijoy (Expert)
16 July 2011 This is a kind of penalty so you can not take any benefit of it.
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