REGISTERED No. D. (D)—72.
The Gazette of India
EXTRAORDINARY
PART II—Section 3—Sub-section (i)
PUBLISHED BY AUTHORITY
No. 356] NEW DELHI, THURSDAY, NOVEMBER 5, 1981/KARTIKA 14, 1903 Separate paging is given to this Part in order that it may be filed as a separate compilation
(1669)
914 GI/81
1670 THE GAZETTE OF INDIA : EXTRAORDINARY [PART H—SEC. 3(i)l\ M TT
^ > l~ \ ' n ij M-1TM
MINISTRY OF ENERGY
(Department of Power)
NOTIFICATION
New Delhi, the 4tli November, 1981
G.S.R. 577(E),—In exercise of the powers conferred by sub-section (I) of section 68 of the Electricity (Supply) Act, 1948 (54 of 1948) the Central Government, after consultation with thn Aitthnrify tieroby nntlfliw thflt thn Hourd ihnii provide for depreciation such sum as is calculated In accordance with the following piinciples, namely:—
1. Providing of depreciation by Board.—The Board shall provide for depreciation such sum as is calculated in accordance with the straight line method of depreciation, that is to say, such an amount as is arrived at by dividing ninety per cent of the original cost of the assets, after taking into account the sum already vaittcn off and set-aside in the books of the Board, by the prescribed period in respect of such assets:
Provided that the contribution in respect of any asset to depreciation shall cease at the end of the prescribed period or such the asset ceases to be used by the Board, whichever is earlier
1671
2
Thirty.
(ii) containing thermo-electric
2. Period of application of tho principles of depreciation.— These principles shall apply to the charging of depreciation for the accounting yeais commencing on the 1st day of April, 1980- 1981 and ending on the 31st March, 1981 and 1982 respectively.
generating plant.
Thirty-five.
(iii) containing hydro-electric
Explanation:—In this notification, "prescribed period"
generating plant,
means—
(iv) temporary erection such aB Five.
wooden structures,
(v) roads other than kucchi i One hundred
roads,
(vi) others.
Fifty.
(e) Transformers, transformer kiosks sub-station equipment and other fixed appaiatus (including plant foundations)—•
(a) in relation to an asset which became available to the Board for its use in its business before the commence- ment of the Electricity (Supply) Amendment Act, 1966 (30 of 1966), means tlie number of years as denned in the Schedule to this notification reduced by tho number of years during which such asset was used or capable of being used, such years being computed from the begin- ning of the year next following that in which that asset became so available to the Board and upto tho end of tho year ending on or after such commencement.
]
1672 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)f1
1
2
2
(o) Apparatus let on hire—
(i) other than motors.
Seven.
D. Assets purchased second hand and assets not otherwise provided for in this Schedule.
Twenty.
(U) motors.
(p) Communication equipment.
(J) Radio and high frequency Fifteen.
carrier system,
(li) Telephone lines and tele- Twenty.
phones.
Such reasonable pe riod as the State' Government deter- mines in each case having regard to the nature, age and condition of the asset at the time of its acquisition by the owner.
S. RAMESH, Jt. Secy.
PRINTED BY THE MANAGER, GOVT. OF INDIA. PRESS, R1NO ROAD, NEW DELHI-110064"
AND PUBLISHED BY THE CONTROLLER OF PUBLICATION, pELHI-110054, 1981
- ! or peiiod specified in the siiid Schedule. Thirty five. SCHEDULE (i) transformers (iucuding foundations) having a ra- ting of 100 kilovolt am- peres and over, (ii) Others. Twenty-five. Description of asset (f) Swltchgear, including cable coo Twenty. nections. Number of years or period 2 (ff) Lightning arrcstors— A. Land owned under full title Infinity. (i) Station type, Twenty. B. Land held under Iea.sc— fii) Pole type, Fifteen. (») for investment in tho bud (iii) synclu'o.ious conde isor<;. Thirty-five. (a) B a t h es Ten. Forty. (h) (1) Underground cables inclu- ding joint boxes and dis- connecting boxes. (b) for cost of clearing -site (2) Cable duct system. Sixty. (i) Overhead lines, including sup- ports— The period of the lease, or the period remaining unex- maining unexpired on the assignment of the lease. The period of the lease romaininn unexpired at the date of clearing the site Thirty-five. C. Aiiets purchased new— (1) lines on fabricated steel sup- ports operating at nominal voltages higher than 66 kilovolts. Thirty, (a) Plant and machinery in genera- ting stations, including plant foundations— Thirty-five. Twenty-five. (i) hydro-electric, (ii) Steam-Electric, (iii) diesel-electric. Fifteen. (ii) lines on steel supports opera- ting at nominal voltages, higher than 13.2 kilovolts but not exceeding 66 kilo- volts, (iii) lines on steel or reinforced Twenty-five* (b) Cooling towers and circulating Thirty. concrete supports. water systems. (iv) lines on treated wood sup- Twenty. ports (c) Hydraulic woiks forming part of a hydroelectric system, in- cluding— (j) Meters. Fifteen. One hundred (t) sdf-propclkJ vehicle. (1) Static machine tools. Twenty, (i) dams, spiiways, weirs, canals reinforced concrete flumes and syphons. Forty. (m) Air-conditions plant - (i) Static, Fifteen. (ii) Portable. Seven. (n) (i) Office furniture and fit- (ii) reinforced concrete pipe- lines and surge tanks, steel pipe-lines, sluice gates, steel surge tanks, hydraulic con- trol valves and other hydrau- lic works. tings, (ii) Office equipment. (d) Buildings and civil engineering works of a permanent character, not Mentioned above— (iii) internal wiring inclui fittings and appaiatus. (i) Offices and showrooms. Fifty, (iv) street-light fittings. ↩