regarding Dep.
This query is : Resolved
28 May 2010
Dear Friends
I am working with a Manufacturing unit,
and we purchase Frok Lifts for handing the material one place to another within the factory hance we treat it as Plant & machinery.
But as per our Auditors is concerned they advice it is covered under Vehicle and dep charged of Vehicle rate not plant & Machinery.
Fork lift having 4 weels hence it is Vehicle.
But on practical ground it is not a vehicle.
Please advice what is the proper head,
and what is the proper reply for auditors.
I am working with a Manufacturing unit,
and we purchase Frok Lifts for handing the material one place to another within the factory hance we treat it as Plant & machinery.
But as per our Auditors is concerned they advice it is covered under Vehicle and dep charged of Vehicle rate not plant & Machinery.
Fork lift having 4 weels hence it is Vehicle.
But on practical ground it is not a vehicle.
Please advice what is the proper head,
and what is the proper reply for auditors.
28 May 2010
It will be treated as Plant & Machinery or Tool & Equipment.
It is not vehcile.
It is not vehcile.
28 May 2010
You can take example of trollies having 4 wheel, it is also tool & equipment not vechicle.
28 May 2010
AGREE WITH MR. BANSAL
31 May 2010
but how can i convence the auditors , because they were stick on it they need reference agaisnt it
31 May 2010
ASK THEM TO SHOW REFERENCE OR CASE LAW IN FAVOR OF THEIR DECISION.
31 May 2010
As per auditors opinion it was a vehicle and should be charged in vehicle head, if we need to convance them then we need case law refferance. As per practical paraliance it is a P & M . Please give me the case reff so that i would convance tham.
Thanks
Thanks
20 July 2025
Forklifts should be classified under “Plant & Machinery” and not as “Motor Vehicles,” even if they have wheels.
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