1670

THE GAZETTE OF INDIA : EXTRAORDINARY

[PART H—SEC. 3(i)l

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\ ' n i j

M-1TM

\ M T T

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. 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.

Explanation:—In this notification, "prescribed

period"

means—

(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.

(b) In relation to any other asset, tho number of year¹! or

peiiod specified in the siiid Schedule.

SCHEDULE

Description of asset

]

A. Land owned under full title

B. Land held under Iea.sc—

(») for investment in tho bud

(b) for cost of clearing -site

C. Aiiets purchased new—

(a) Plant and machinery in genera-

ting stations, including plant

foundations—

(i) hydro-electric,

(ii) Steam-Electric,

(iii) diesel-electric.

(b) Cooling towers and circulating

water systems.

of a hydroelectric system, in-

cluding—

(i) dams, spiiways, weirs, canals

reinforced concrete flumes

and syphons.

(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.

(d) Buildings and civil engineering

works of a permanent character,

not Mentioned above—

(i) Offices and showrooms.

Number

years

or period

Infinity.

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

the

date

clearing

the site

Thirty-five.

Twenty-five.

Fifteen.

Thirty.

One hundred

Forty.

Fifty,

(ii) containing

thermo-electric

generating plant.

(iii) containing

hydro-electric

generating plant,

(iv) temporary erection such aB

wooden structures,

(v) roads other than

kucchi

roads,

(vi) others.

(e) Transformers, transformer kiosks

sub-station equipment and other

fixed appaiatus (including plant

foundations)—•

(i) transformers

(iucuding

foundations) having a ra-

ting of 100 kilovolt am-

peres and over,

(ii) Others.

(f) Swltchgear, including cable coo

nections.

(ff) Lightning arrcstors—

(i) Station type,

fii) Pole type,

(iii) synclu'o.ious conde isor<;.

(a) Bathes

(h) (1) Underground cables inclu-

ding joint boxes and dis-

connecting boxes.

(2) Cable duct system.

(i) Overhead lines, including sup-

ports—

(1) lines on fabricated steel sup-

ports operating at nominal

voltages higher

than

kilovolts.

(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

concrete supports.

(iv) lines on treated wood sup-

ports

(j) Meters.

(t) sdf-propclkJ vehicle.

(1) Static machine tools.

(m) Air-conditions plant -

(i) Static,

(ii) Portable.

(n)

(i) Office

furniture

and fit-

tings,

(ii) Office equipment.

(iii) internal

wiring

inclui

fittings and appaiatus.

(iv) street-light fittings.

Thirty.

Thirty-five.

Five.

One

hundred

Fifty.

Thirty five.

Twenty-five.

Twenty.

Fifteen.

Thirty-five.

Ten.

Forty.

Sixty.

Thirty-five.

Thirty,

Twenty-five*

Twenty.

Fifteen.

Twenty,

Fifteen.

Seven.

Twenty.

Ten.

ding Fifteen.

Fifteen.

1672

THE GAZETTE OF INDIA : EXTRAORDINARY

[PART II—SEC. 3(i)f

(o) Apparatus let on hire—

(i) other than motors.

(U) motors.

(p) Communication equipment.

(J) Radio and high frequency

carrier system,

(li) Telephone lines and tele-

phones.

Seven.

Twenty.

Fifteen.

Twenty.

D. Assets purchased second hand and

assets not otherwise provided for in

this Schedule.

Such reasonable pe

riod as the State'

Government

deter-

mines in each case

having

regard

the nature, age and

condition

the

asset at the time

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