B.1 [Aeroplanes, aero engines,                                         16.2          5.6             

                  simulators, Visual System

                  and quick engine change

                  Equipment [NSED]

2            Concrete pipes manufacture-                          30.00        11.31                                   

Moulds [NSED]

3            Drum containers manufacture-                      30.00        11.31         

Moulds [NSED]

4            Earth-moving machinery                                30.00        11.31

          employed in heavy construction

          works, such as dams, tunnels,

          canals, etc. [NSED]

5            Glass manufacturing concerns                       30.00        11.31

          except direct fire glass

          melting furnaces-Moulds                                30.00        11.31

          [NSED]

6            Moulds in iron foundries                                30.00        11.31

          [NSED]

7            Mineral oil concerns-Field                             30.00        11.31

          operations(above ground)-                            

          Portable boilers, drilling

          tools, well-head tanks,

          rigs, etc.[NSED]

8            Mines and quarries-Portable                          30.00        11.31

          underground machinery and

          earth-moving machinery used

          in open caste mining[NSED]

9            Motor buses and motor                                   30.00        11.31

          lorries other than those

          used in a business of

          running them on hire[NSED]

9A  Motor tractors, harvesting                                 30.00        11.31

          combines[NSED]

10        Patterns, dies and                                              30.00        11.31

          templates[NSED]

11        Ropeway structures-Ropeways,                    30.00        11.31

          ropes and trestle sheaves

          and connected parts[NSED]

12        Shoe and other leather goods                         30.00        11.31        45.00      18.96        60.00        29.05

          fabrics-Wooden lasts used in

          the manufacture of shoes

C.          1. [** ** **]                                                        40.00        16.21         

2.          Motor buses, motor lorries                            40.00        16.21

          and motor taxis used in

          a business of running

          them on hire [NESD]

3.          Rubber and plastic goods                                40.00        16.21

          factories-Moulds[NESD]

4.          Data processing machines

          including computers[NESD]

5.          Gas cylinders including                                   40.00        16.21

          valves and regulators[NESD]

C.       1.Artificial silk                                                    100           100

          manufacturing machinery

          with Wooden parts

2.          Cinematograph films-Bulbs                            100           100            

          of studio lights

3.          Flour mills-Rollers                                           100           100

4.          Glass manufacturing                                        100           100

          concerns-Direct fire glass

          Melting Furnaces

4A.    Flot Glass Melting Furnaces                           27.00        10.00

          (NESD)

5.          Iron and Steel industries-                                100           100

          Rolling mill rolls

6.          Match factories-Wooden                                 100           100

          match frames

7.          Mineral oil concerns- (a)                                100           100

          Plant used in field operations

          (below ground)-Distribution

          returnable packages; (b)Plant

          used in field operations

          (below ground)but not including

          assets used in field operation

          distribution) Kerbsides pumps

          including underground tanks

          & fittings

8.          Mines And Querries                                         100           100

9.          a. Tubs, winding ropes,                                   100           100

          haulage ropes and sand

          Stowing pipes

          b  Safety Lamps

10.       Salt works-Salt pans,                                        100           100

          reservoirs and condensers

          Etc. made of earthy, sandy

          or clay material or Any

          other similar material

11.       Sugar works-Rollers                                         100           100

III      FURNITURE AND FITTINGS

1            General Rates [NESD]                                      18.1          6.33

2            Rate for furniture & fittings

          used in hotels, restaurants

          and boarding houses; schools,

          colleges and other educational

          institutions, libraries; welfare

          centers meeting halls, cinema

          houses, theatres and circuses;

          and for furniture and fittings

          let out on hire for use on

          occasion of marriages and

          similar functions [NESD]                               25.88          9.5

IV      SHIPS

1.          Ocean-going ships                                            27.05          10.00                                                                 

i)           Fishing vessels with

          wooden hull [NESD]

ii)      Dredgers, tugs, barges,                                     19.8            7.00

          survey launches and Other

          similar ships used mainly

          for dredging Purposes [NESD]

iii)Other ships [NESD]                                              14.6            5.00

2.       Vessels ordinarily operating

          on inland waters-                                                      

i)           Speed boats [NSED]                                         20.00          7.07

ii)         Other vessels [NESD]                                      10.00          3.34

___________________________________________________________________________

NOTES 

1.             “Buildings” include roads, bridges, culverts,wells and tube-wells

2.             “Factory buildings” does not include offices, godowns, officers’ and

employees’ quarters, roads, bridges, culverts.

3.             “Speed boat” means a motor boat driven by a high speed internal combustion engine capable of propelling the boat at a speed exceeding 24 Kilo meters per hour in still water and so designed that when running at a speed it will plane, i.e., its bow will rise from the water.

4.             Where, during any financial year, any addition has been made to any asset, or where any asset has been sold, discarded, demolished or destroyed, the depreciation on such assets shall be calculated on a pro rata basis from the date of such addition or, as the case may be, up to the date on which such assets has been sold, discarded, demolished or destroyed.

5.             The following information should also be disclosed in the accounts:-

i.            depreciation method used; and

ii.          depreciation rates or the useful lives of the assets, if they are different from the principal rates specified in the Schedule.

6.             The calculations of the extra depreciation for double shift working and for triple shift working shall be made separately in the proportion while the number of days for which the concerned worked double shift or triple shift, number of working days during the year shall be deemed to be-

(a) in the case of a seasonal factory or concern, the number of days on which the factory or concern actually worked during the year or 180 days, whichever is greater;

(b) in any other case, the number of days on which the factory or concern actually worked during the year or 240 days, whichever is greater.

 The extra shift depreciation shall not be charged in respect of any item of machinery or plant which has been specifically, excepted by the inscripttion of the letters “NESD” (meaning “no extra shift depreciation”) against it an sub-items above and also in respect of the following items of machinery and plant to which general rate of depreciation of 7[13.91] per cent applies-

1.       Accounting machines.

2.       Air-conditioning machinery including room air-conditioners.

3.       Building contractor’s machinery.

4.       Calculating machines.

5.       Electrical machinery-switchgear and instruments, transformers and other stationary plant and wiring and fitting of electric light and fans installation.

6.       Hydraulic works pipelines and sluices.

7.       Locomotives, rolling stocks, tramways and railways used by concerns.

8.       Mineral oil concerns- field operations:

(a)       8[***]

(b)       Prime movers

(c)       8[***]

(d)       Storage tanks (above ground)

(e)       Pipelines (above ground)

(f)        Jetties & dry docks

9.       Mineral oil concerns-field operations (distribution)-kerbside pumps, including underground tanks and fittings.

10.          Mineral oil concerns-refineries:

a)       ⁹[***]

b)Prime Movers

c) ⁹[***]

d)LPG Plant

11. Mines and querries:

a)             Surface and underground machinery (other than electrical machinery and portable underground machinery)

b)            Head-gears

c)             9[***]

d)            Shafts and inclines

e)             Tramway on surface

11.          Neo post franking machine

12.          Office machinery

13.          Overhead cables and wires.

14.          Railway sidings.

15.          Refrigeration plant container, etc (other than racks).

16.          Ropeway structure:

a)             Trestle and station steel work.

b)            Driving and tention gearing.

17.          Salt works-Reservoirs, condensers, salt pans, delivery channels and piers if     constructed of masonry, concrete, cement, asphalt or similar materials; barges and floating plant; piers, quays and jetties; and pipelines for conveying brine if constructed of masonry, concrete cement, asphalt or similar materials.

18.          Surgical instruments.

19.          Tramways electric and Tramways run by internal combustion engines-permanent ways: cars-car trucks, car bodies, electrical equipment and motors; tram cars including engines and gears.

20.          Typewriters.

21.          Weighing machines

22.          Wireless apparatus and gear, wireless appliances and accessories.

23.          [***]

7. Continuous process plant means a plant which is required and designed to operate  

   24 hours a day.

8. Notwithstanding anything mentioned in this Schedule, depreciation on assets, whose actual cost does not exceed five thousand rupees, shall be provided at the rate of hundred percent:

Provided that where the aggregate actual cost of individual items of plant and machinery costing Rs. 5,000 less constitutes more than 10 per cent of the total actual cost of plant and machinery, rates of depreciation applicable to such items shall be the rates as specified in Item II of the schedule.