Depreciation Norms for Generating Companies

THE GAZETTE OF INDIA
EXTRAORDINARY
[PART II-SEC. 3(ii)]
MINISTRY OF POWER

NOTIFICATION

New Delhi,
29th March, 1994.

S.O. 266(E) :- In exercise of the power conferred by sub-section (2) of section 43A, sub-section (1) section 68 and sub-section (3) of section 75A of the Electricity (Supply) Act, 1948 (54 of 1948), the Central Government, after consultation with the Central Electricity Authority, hereby makes the following amendments to the notification of the Government of India in the erstwhile Ministry of Power and Non-conventional Energy Sources,
Department of Power, No.S.O.93(E), dated the 23rd January, 1992, namely:-

In the said notification-

(a) for the words, figures and letters "statement of accounts commencing on 1st April, 1992", the words, figures and letters "statement of accounts commencing on 1st April, 1994" shall be substituted;

(b) for the schedule, the following schedule shall be substituted, namely-

SCHEDULE

Description of Assets	Existing		Revised
	Fair life (years)	Depreciation (Straight line)	Fair life (years)	Depreciation (Straight line)
(1)	(2)	(3)	(4)	(5)
A. Land owned under full title	Infinity	--	Infinity	--
B. Land held under lease a) for investment in the land	The period of lease or the period remaining unexpired on the assignment of the lease	--	The period of lease or the period remaining unexpired on the assignment of the lease	--
b) for cost of clearing site	The period of lease remaining unexpired at the date of clearing the site	--	The period of lease remaining unexpired at the date of clearing the site	--
C. Assets Purchased New: a. Plant and machinery in generating stations including plant foundations:-
i) Hydro-electric	35	3.40	35	3.40
ii) Steam electric	25	5.06	25	7.84
NHRS & Waste Heat Recovery Boilers/Plants
iii) Diesel-electric and gas plant	15	8.24	15	8.24
b. Cooling towers and circulating water systems	25	5.06	25	7.84
c. Hydraulic works forming part of Hydro-electric system including:-
i) Dams, Spillways weirs, canals, reinforced concrete Flumes and syphons	50	1.95	50	1.95
ii) Reinforced concrete pipelines and surge tanks, steel pipelines, sluice gates, steel surge (tanks) hydraulic control valves and other hydraulic works.	35	3.40	35	3.40
d. Building & civil engineering works of permanent character, not mentioned above:-
i) Offices & showrooms	50	1.95	50	3.02
ii) Containing thermo electric generating plant	25	5.06	25	7.84
iii) Containing Hydro Electric generating plant	35	3.40	35	3.40
iv) Temporary erection such as wooden structures	5	21.55	5	33.40
v) Roads other than kutcha roads	50	1.95	50	3.02
vi) Others	50	1.95	50	3.02
e. Transformers, transformer (Kiosk) sub-station equipment & other fixed apparatus (including plant foundations)
i) Transformers (including foundations) having a rating of 100 kilo volt amperes and over	25	5.06	25	7.81
ii) Others	25	5.06	25	7.84
f. Switchgear including cable connections	25	5.06	25	7.84
g. Lightning arrestors:
i) Station type	25	5.06	25	7.84
ii) Pole type	15	8.24	15	12.77
iii) Synchronous condensor	35	3.40	35	5.27
h. Batteries	5	21.55	5	33.40
i) Underground Cable including joint boxes and disconnected boxes	35	3.40	25	5.27
ii) Cable duct system	50	1.95	50	3.02
i. Overhead lines including supports:
i) Lines on fabricated steel operating at nominal voltages higher than 66 KV.	35	3.40	35	5.27
ii) Lines on steel supports operating at nominal voltages higher than 13.2 kilovolts but not exceeding 66 kilovolts	25	5.06	25	7.84
iii) Lines on steel or reinforced concrete supports	25	5.06	25	7.84
iv) Lines on treated wood supports	25	5.06	25	7.84
j. Meters	15	8.24	15	12.77
k. Self propelled vehicles	5	21.55	5	33.40
l. Air conditioning plants:
i) Static	15	8.24	15	12.77
ii) Portable	5	21.55	5	33.40
m.
i) Office furniture and fittings	15	8.24	15	12.77
ii) Office equipments	15	8.24	15	12.77
iii) Internal wiring including fittings and apparatus	15	8.24	15	12.77
iv) Street light fittings	15	8.24	15	12.77
o. Apparatus let on hire
i) Other than motors	5	21.55	5	33.40
ii) Motors	15	8.24	15	12.77
p. Communication equipment:
i) Radio and high frequency carrier system	15	8.24	15	12.77
ii) Telephone lines and telephones	15	8.24	15	12.77
q. Assets purchased second hand and assets not otherwise provided for in the Schedule	Such reasonable period as the competent Government determines in each case having regard to the nature, age and condition of the assets at the time of its acquisition by the owner".

Sd/-
[F.No.6/1/Tariff/93-94]
SETHUMADHAVAN, Jt.Secy.

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