Plant and Machinery definition
Examples of Plant and Machinery in a sentence
Each item of Plant and Machinery and the Materials shall be the property of Concessionaire till the expiry of the Concession Period or upon the premature termination of this Concession Agreement.
The Plant and Machinery shall have the same meaning as assigned to the plant and machinery in the Income Tax Rules, 1962 framed under the Income Tax Act, 1961 and shall include all tangible assets (other than land and building, furniture and fittings).
AND WHEREAS the unit has been permitted to import/purchase indigenously Plant and Machinery, raw materials, components, spares and consumables free of Import / Central excise duty as per details given at Annexure I.
The Plant and Machinery and equipment will not be transferred or disposed of by us without the prior written approval of CPRI, and would remain with <Organization Name’s Short form>.
The Concessionaire shall obtain all permits, licences or approvals required for any part of the Works in reasonable time, taking into account the delivery time for the Plant and Machinery and Materials and required for completion of the Works.