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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.RamKumar - Reply By Mahir S - The Reply = Sir,You have not elaborated nor specified the reason of your query.However, the functioning and operation of a JCB machine cannot be equated either with a motor lorry or a motor truck.The JCB machine invariably fal .....

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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 of raw material and coal etc...Hope my doubt is clear.RegardsM.RamKumar - Reply By Mahir S - The Reply = Sir,The definition of motor vehicle' from the Motor Vehicles Act, 1988 (MV Act) as per the MV Act is as follows: Motor vehicle or vehicle me .....

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