[PUBLISHED IN THE GAZETTE OF INDIA, PART
– II, SECTION 3, SUBSECTION
Note:-
Act,1988 and subsequently amended by the following notifications, namely :--
(i) GSR 416(E) dated 14-5-1993;
(ii) GSR 756(E) dated 16-12-1993;
(iii) GSR 788(E) dated 04-11-1994;
(iv) GSR 101(E) dated 01-03-1995;
(v) GSR 500(E) dated 18-8-1998;
The Principal Schedule was inserted by the Companies Amendment
(i) EXTRAORDINARY]
GOVERNMENT OF INDIA
MINISTRY OF CORPORATE AFFAIRS
Notification
New Delhi, dated the 14 December, 2011.
G.S.R. (E) – In exercise of the powers conferred by sub-section (1) of section
641 of the Companies Act, 1956 (1 of 1956), the Central Government hereby
makes the following alterations in the Schedule XIV of the said Act namely :--
In Schedule XIV to the Companies Act, 1956, under the heading “II PLANT AND
MACHINERY”, under item (ii) relating to special rates, in sub-item B.7, for the
entries, the following entries shall respectively be substituted, namely :--
Schedule XIV
Rates of depreciation
Name of assets Single Shift Double Shift Triple Shift
---------------- ----------------- ---------------
W.D.V. S.L.M. W.D.V. S.L.M. W.D.V. S.L.M.
1 2 3 4 5 6 7
------------------------------------------------------------------------------------------------------------
“7. Mineral oil
Concerns
Field
operations 30 11.31 -- -- -- --
(above ground) percent. percent.
Portable boilers,
drilling tools,
well-head tanks,
etc. (NESD)
7A. Rigs (NESD) 10 3.34 -- -- -- -- “
percent. percent.
------------------------------------------------------------------------------------------------------------
F : 2/6/2008 CL-V
-sd-
(U C Nahta)
Director (Inspection & Investigation)
|