14 April 2010
Yes it is shown under plant & machinery. I just missed the heading in the dep schedule.
Then as per those provisions additional dep @ 20% will be allowed. Then entire cost of the machinery will be depreciated in the first year itself subject to provisions of Section 32(1)(iia).
However rolls are restricted to the below only: (vi) Flour mills - Rollers
(vii) Iron and steel industry - Rolling mill rolls