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Earth Moving Machines (like JCB) treated as Asset or Vehicle

Companies Law - Started By: - Mathurthi RamKumar - Dated:- 15-2-2016 Last Replied Date:- 17-2-2016 - Dear All,Greeting of the day..Kindly clarify my doubt..earth moving machine - JCB treated as vehicle or asset in a manufacturing unit.RegardsM.RamKum .....

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ls within the scope of a particular type of machinery for the sole purpose of excavation of soil/earth which comes under the purview of 'Plant and Machinery' (Assets) and so the applicable rate of depreciation in respect of JCB machines shall .....

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y of Assets rather than under Vehicles. - Reply By Mathurthi RamKumar - The Reply = Dear Sir,Thank you for quick reply. I am working in a power plant and we also have Kraft paper manufacturing unit. We are using a JCB in for both plants. like lifting .....

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ans any mechanically propelled vehicle adapted for use upon roads...; but does not include ... .a vehicle of a special type adapted for use only in a factory or in any other enclosed premises... Further, Earth moving machinery is primarily used in th .....

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chinery and motor vehicles.Hence, the fact that in your case that JCB is also being used for lifting of raw material and coal etc. shall not changed its identity.Therefore, there is no change in the views expressed in my above reply, as the legal pos .....

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