India - Unorganised Manufcture, July 1994-June 1995, NSS 51st Round

Fixed assets : Fixed assets are assets held for the purpose of producing or providing goods or services and they are not held for resale in the normal course of business. These cover all goods, new or used, that have a normal economic life of
more than one year from the date of purchase. Thus fixed assets for our purpose include (1) assets used for production, transportation, living or other facilities (recreation etc.) (2) full value of assets taken on hire purchase/instalment (whether
fully paid or not) excluding interest. Intangible assets like goodwill etc. are excluded. The assets under construction i.e., construction of building etc., installation of plant and machinery, preparation of bodies of truck etc. (transport
equipment) may be reported under the relevant item, since no provision has been made for recording assets under construction in the schedule separately. Advance payment for fixed assets not yet received should not be considered. The information to be
recorded here is by physical approach. Fixed assets owned but rented out are not to be accounted for. Additions to fixed assets (as distinct from repair work) during the reference year is to be included. Information should be given separately for land and building. If separate figures are not available,
estimated figures may be recorded. For the manufacturing unit which has not started production as yet and is engaged in the process of installation, fixed assets will be duly considered.
Fixed assets received from other countries, even if used, put to use to the country for the first time will be classified as new.