TaxTMI 
TaxTMI 
Dear All,
Greeting of the day..Kindly clarify my doubt..earth moving machine - JCB treated as vehicle or asset in a manufacturing unit.
Regards
M.RamKumar
Earth Moving Machines (like JCB) treated as Asset or Vehicle
15 Feb 2016 
8 Replies 
28348 Views Asked by
Classification of earth-moving machinery as plant and machinery for depreciation when used in industry, not as motor vehicle.
Earth-moving machinery such as JCBs used in industrial operations are to be treated as Plant and Machinery (assets) rather than as motor vehicles, so depreciation and accounting treatment follow asset classification; functional use for lifting within a plant does not alter this identity, and statutory guidance (Motor Vehicles Act exclusions, non-registration as heavy motor vehicles) and tax practice distinguish earth-moving machinery from motor vehicles. (AI Summary)
Earth-moving machinery such as JCBs used in industrial operations are to be treated as Plant and Machinery (assets) rather than as motor vehicles, so depreciation and accounting treatment follow asset classification; functional use for lifting within a plant does not alter this identity, and statutory guidance (Motor Vehicles Act exclusions, non-registration as heavy motor vehicles) and tax practice distinguish earth-moving machinery from motor vehicles. (AI Summary)