DOMESTIC TRANSFER PRICING
-BY CA RAJIV JAIN
(viii) Air pollution control equipment, being -
(xi) Machinery and plant, used in semi-conductor industry covering all integrated circuits (ICs) (excluding hybrid integrated circuits)
ranging from small scale integration (SSI) to large scale integration/very large scale integration (LSI/VLSI) as also discrete
semi-conductor devices such as diodes, transistors, thyristors, triacs, etc., other than those covered by entries (viii), (ix) and (x) of this
sub-item and sub-item (8) below.
(xia) Life Saving medical equipment being-
(a) D.C.Defibrillators for internal use and pace makers.
(c) Heart lung machine.
(d) Cobalt therapy unit.
(e) Colour Doppler.
(f) Spect Gamma Camera.
(g) Vascular Angiography System including Digital subtraction
(h) Ventilator used with anaesthesia apparatus.
(i) Magnetic Resonance Imaging System
(j) Surgical Laser.
(k) Ventilator other than those used with anaesthesia
(l) Gamma knife.
(m) Bone Marrow Transplant Equipment including silastic long standing intravenous catheters for chemotherapy.
(n) Fibreoptic endoscopes including Paediatric resectoscope/audit resectoscope Peritoneoscopes, Arthoscope, Microaryngoscope, Fibresoptic Flexible Nasal Pharyngo, Video Laryngo Bronchoscope, fibreoptic Flaxible Laryngo Bronchoscope, Video Laryngo Bronchoscope and Video Oescophago Gastroscope, Stroboscope, Fibreoptic Flexible oesophago Gastroscope.
(o) Laparoscope (single incision)
1. "Buildings" include roads, bridges, culverts, wells and tubewells.
2. A building shall be deemed to be a building used mainly for residential purposes, if the built-up floor area thereof used for residential purposes is not less than sixty-six and two-third per cent of its total built up floor area and shall include any such building in the factory premises.
3. In respect of any structure or work by way of renovation or improvement in or in relation to a building referred to in Explanation 1 of clause (ii) of sub-section (1) of section 32, the percentage to be applied will be the percentage specified against sub-item (1) or (2) of item I as may be appropriate to the class of building in or in relation to which the renovation or improvement is effected. Where the structure is constructed or the work is done by way of extension of any such building, the percentage to be applied would be such percentage as would be appropriate, as if the structure or work constituted a separate building.
4. Water treatment system includes system for desalinisation, demineralisation and purification of water.
5. "Electrical fittings" include electrical wiring, switches, sockets, other fittings and fans, etc.
6. "Commercial vehicle" means "heavy goods vehicle",
"heavy passenger motor vehicle", "light motor vehicle",
"medium goods vehicle" and "medium passenger motor vehicle"
but does not include "maxi-cab", "motor-cab",
"tractor" and "road-roller". The expressions "heavy
goods vehicle", "heavy passenger motor vehicle", "light
motor vehicle", "medium goods vehicle", "medium passenger
motor vehicle", "maxi-cab", "motor-cab",
"tractor" and "roadroller" shall have the meanings
respectively as assigned to them in section 2 of the Motor Vehicles Act, 1988
(59 of 1988).
7. "Computer software" means any computer programme recorded on any disc, tape, perforated media or other information storage device.
8. "TUFS" means Technology Upgradation Fund Scheme announced by the Government of Indiain the form of a Resolution of the Ministry of Textiles vide No.28/1/99-CTI of 31.3.1999.
9. Machinery and plant includes pipes needed for delivery from the source of supply of raw water to the plant and from the plant to the storage facility.
10. "Speed boat" means a motor boat driven by a high speed internal combustion engine capable of propelling the boat at a speed exceeding 24 kilometres per hour in still water and so designed that when running at a speed, it will plane, i.e., its bow will rise from the water.'/