about the content in ER-7

[MEHUL ASHAR]

Respected Sir,

                         I have to file   ER-7 of the year 2011-12, in it I have to enter the machineries installed, then I have to enter the machinery purchased in the year 2011-12 , or the old machineries I have purchased in previous year also.

[YAGAY andSUN]

In ER-7 you have to provide the information about the main machinery. It may be old or new.

In serial number 7, ‘Main machineries/plant’ means the machineries/plant producing the final product or intermediate product. For example, for a factory producing steel bar from iron ore, the kiln (used for making sponge iron), furnace (used for making ingot) and rolling mill (used for making steel bar) would be regarded as the main machinery/plant.

AI Summary

Main machinery disclosure requires reporting all principal plant and machinery used to produce final or intermediate products. The ER-7 return requires reporting of main machineries/plant irrespective of whether they are newly purchased or pre-existing, where main machineries/plant means equipment directly producing the final product or an intermediate product-for example, kiln, furnace and rolling mill in steel bar manufacture.