Plastic pallets used in storage of agri. products

Consumables are defined as those goods which are once consumed get exhausted, whereas Plastic Pallets on the other hand can be reused any number of times and have a good life span. So, it should be considered as assets. Correct me if i am wrong.

That would not be apt. Since plant and machinery are used for the purpose of manufacturing; and Manufacturing is defined as the process of producing some commercially viable output by giving some input (Raw Material) and processing it with the use of machinery. Since these plastic pallets are merely used only for storage Purpose, if i am not wrong you can show this under "Furniture and Fittings". That would be the most apt way to disclose this. I see no other way of doing so.