M 165
GREATER KAILASH-II
NEW DELHI, DELHI 110048
ph: 011-41636930
alt: 9811016500
wadhawan
In case of the enterprise engaged in the manufacture or production of goods pretaining to any industry specified in the first schedule to the industries ( Development and Regulation ) Act , 1951 . Central Govt. can classify any class of entreprise , whether proprietorship , HUF , association of persons , co-operative society , partnership concern , company or undertaking , by whatever name called as - MEDIUM ENTERPRISE , where the investment in plant & machinery is more than 5 CRORE RUPEES but does not exceed 10 CRORE RUPEES and in case of entreprises engaged in providing or rendering of services - Medium enterprise , where the investment in equipment is more than 2 CRORE RUPEES but does not exceed 5 CRORE RUPEES
While calculating the investment in plant & machiney , the original price thereof , irrespective of whether the plant & machinery are new or second hand , shall be taken into account provided that in case of imported machinery , the following shall be included in calculating the value , namely - Import duty ( excluding misc. expenses such as transportation from the port to the site of the factory , demurrage paid at the port ) , shipping charges , customs clearance charges , sales tax or value added tax
The cost of following items shall be excluded while calculating the investment in plant & machinery in the case of enterprises
Test Y! Team
M 165
GREATER KAILASH-II
NEW DELHI, DELHI 110048
ph: 011-41636930
alt: 9811016500
wadhawan