Amendment status not verified — confirm the current text below against the official source.
(1) The Bharat Hydro Power Corporation Limi.ted (Acquisition and Assam saving. Transfer of Undertaking) Ordinance, 1996 is hereby repealed. Ordinance / (2) Notwithstanding such repeal, anything done or any action taken unqer the Ordinance so repealed shall be deemed to have been done or taken under the corresponding provisions of this Act. No. VII of 1996.' • 16 THE ASSAM GAZETTE, EXTRAORDINARY, JANUARY 6, 1997 SCHEDULE (See Section 8 (a) (b) (e) (f)) For .purposes of determining the amount payable under section 7 the depreciation shall be calculated at annual rates arrived at by deviding ninety per cent of the book-value of each asset by the number of years of life of the asset as specified in the table below. For the account year in which as asset was brought into beneficial use, the depreciation shall be calculated at half the annual rate and for period after the company's last completed financial year till the appointed day the depreciation shall be calculated prorata. Depreciation shall not be calculated for any period beyond the life of the asset as prescribed herein. TABLE --~ DESCRIPTION OF ASSET A. Land owned under full title • B. Land held under lease (a) for investment in the land (b) for cost of clearing site C. Assets purchased new - (a) Plant and machinery in generating stations, ~nduding plant foundations- (i) hydro-electric (ii) steam electric (iii) diesel-electric ' (b) Cooling towers and . circulating water systems (c) Hydraulic works forming part of a hydro-electric system including- · (i) dams, spillways, wires, canals, reinforced concrete flumes and syphons (ii) reinforced concrete pipe-lines and surge tanks, steel pipe lines, sluice gates, steel surge tanks, hydraulic control valves and other 'hydraulic works. NUMBER OF YEARS OF LIFE ASSET Infinity. The period of the lease, or the period remaining unexpired 0n the assignment of the lease, as the case may be. The period of the lease remaining un- expired at the date of clearing the site. Thirty-five Twenty-five .Fifteen Thirty. One hundred. Forty. THE ASSAM GAZETIE, EXTRAORDINARY, JANUARY 6, 1997 17 DESCRIPTION OF ASSET NUMBER OF YEARS OF LIFE ASSET (d) Buildings and civil engineering works • of permanent character mentioned above- (i) Officers and show-rooms (ii) containing thermo-electric generating plant (iii) containing hydro-electric generating plant. · · (iv) temporary erections such as wooden structures · (iva) roads other than kacha roads (v) other (e) Transformers, transformer kiosks, sub-section equipment and other fixed apparatus (including plant foundations) (i) transformers (including foundations) having a rating of 100 kilovolt amperes and over (ii) other (f) switchgear, · incluoing cable connections (i) Lightening arrestors- (ii) Pole type (iii) Synchronous condensers· (g) Batteries , (h) (1) underground cables including joint boxes and disconnecting boxes (2) cable duct system (i) Overhead lines including ~uppon · (i) lines on fabricated steel &upports operating at nominal voltages higher Fifty. Thirty. Thirty-five. Five~ One hundred. Fifty Thirty-five. Twenty-five. Twenty. Twenty Fifteen Thirty-five. Ten Forty Sixty than 66 kilo-volts . Thirty-fjve I 18 THE ASSAM GAZETTE, EXTRAORDINARY, JANUARY 6, 1997 !)ESCRIPl ION OF ASSET (ii) lines on steel supports ope1 ating at nominal voltages higher than 13.2 kilovolts but not exceeding 66 kilovolts (iv) lines on treated wocx:l supports (j) Meters (k) Self-propelled vehicles (1) Static machine tools (m) Air conditioning plant (i) State (ii) Portable (n) (i) Office furniture and fittings (ii) office equipment (iii) Internal wiring, including fitting and apparatus (iv) Street-lights (o) Apparatus let on hire- (i) other than motors (ii) motors (p) Communications equipment- (i) radio and high frequency carrier system (ii) telephone lines and telephone D. Assets purchased secondhand and assets not otherwise .. provided for in this table. NUMBER OF YEARS OF LIFE ASSET Twenty-five Twenty Fifteen Seven Twenty Fifteen Seven Twenty Ten Fifteen Fifteen Seven Twenty Fifteen Twenty Such reasonable period as.· m~ Commis- sion determines in each case havi~g re- gard to the nature, age and conditio'n of the asset at the time of its acquisition by the licensee. · M. K. DEKA, . Secretary to the Govt. of Assam, Legislative Department. Guwahati :- Printed and published by the Dy. Dirt.etor (P.&S.). Directorate of Ptg. & Sty., hssam, Guwahati-21 (Ex-Gazette) No. 3-750-600-6-1-97 . • "