RATES OF DEPRECIATION UNDER COMPANIES ACT
SCHEDULE XIV
[See sections 250 and 350]

RATES OF DEPRECIATION
__________________________________________________________________________
   Single Shift  Double Shift  Triple Shift           Nature of Assets            ------------  ------------  ------------
					     WDV    SLM    WDV    SLM    WDV   SLM
___________________________________________________________________________

I	BUILDINGS
(a)	Buildings(Other than 	5.00	1.63	 	      	  
	factory Buildings) [NSED]
(b)	FACTORY BUILDINGS	10.00	3.34	 	  	  	  
(c)	Purely Temporary Erections	100	100	 	  	  	  
	such as wooden structures.
 
II	PLANT AND MACHINERY
(i)	 General rate applicable to
(a)	plant & machinery (not 	13.91	4.75	20.87	7.42	27.82	10.34
being a ship) other than
continuous process plant 
for which no special rate 
has been prescribed under
(ii) below
(b)	continuous process plant,	15.33	5.28	
	2[***] for which no special
	rate has been prescribed 
 	under (ii) below [NSED]

(ii)Special Rate
A.	1. Cinematography films- 	20.00	7.07		
	Machinery Used in the 
	production and Exhibition
 	of cinematography Films[NSED]
a.	Recording equipment,	
	reproducing Equipment, 
	developing machines Printing 	
	machines, editing Machines, 
	synchronisers and Studio 
	lights excepts bulb
b.	Projecting equipment of 	
	Film exhibiting concerns
2	Cycles [NSED]	20.00	7.07	
3	Electrical machinery, X-ray	20.00	7.07
	and electro-therapeutic 
	apparatus and accessories 
	thereto medical, diagnostic 
	equipment, namely cat-scan, 
	ultrasound machines, ECG 
	monitors, etc.[NSED]
4	Juice boiling pans (karhais) 20.00	7.07
	[NSED]
5	Motor-cars, motor-cycles, 	25.89	9.5	
	scooters & other mopeds[NSED]
6	Electrically operated 	20.00	7.07
	vehicles including battery  
powered vehicles [NSED]
7	Sugarcane crushers(indigen-	20.00	7.07	
Ous kolhus & beans) [NSED]
8	Glass manufacturing concerns 	20.00	7.07	30.00	11.31	40.00	16.21
except direct fire glass 
melting furnaces- 
Recuperative and regenerative 
glass melting furnaces
9	Machinery used in the 	15.62	5.38	23.42	8.46	31.23	11.87
manufacture of electronic 
goods and components

	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]

D.	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 inscription 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.