Examples of Technical Know-How in a sentence
Technical Know-How is amortized over period of five years from the year of commercial production.
The AEC will enter into an agreement with PFPL for Consultancy, Technical Know-How, supply of detailed engineering specifications of bought out equipment, drawings, operating manuals and the supply of plant and machinery on turnkey basis.
The defense now raised is, therefore, clearly sham and a ploy to deny the alleged dues of the petitioner which became payable in terms of Technical Know-How Agreement after proper technical know-how with complete drawings was provided by the petitioner to the respondent.
II) Amortisation of Intangible AssetsIntangible assets other than Technical Know-How and Guidance Fee are amortized on a straight line basis over the estimated life of three years and Technical Know-How and Guidance Fee is amortised on straight line method over the estimated life of 6 years from the date of capitalisation.
Intangible assets other than Technical Know-How and Guidance Fee are amortized on a straight line basis over the estimated life of three years and Technical Know-How and Guidance Fee is amortised on straight line method over the estimated life of 6 years from the date of capitalisation.(e) InventoriesRaw material, Consumable Stores and spare parts are valued at lower of cost or net realizable value.