(1) For the purposes of this Act, while assessing the fixed capital of an industry, the following assets shall be assessed on the basis of:-
(a) land and underground (underground), space, water, or physical structures constructed or improved under water,
(b) Physical structures built on land (eg: drainage, internal roads, drinking water structures, water supply systems)
(c) office, factory, building or warehouse house of industry,
(d) Residential buildings constructed for employees or workers,
(e) Power supply and related equipment and systems,
(f) Machinery, equipment, tools and their spare parts,
(g) Means of transport,
(h) Office supplies and equipment,
(i) Fixtures and Furniture,
(j) Communication materials and related equipment and systems.
(2) In addition to the assets mentioned in sub-section (1), the following expenses incurred before the establishment of the industry or at various stages shall also be assessed as fixed capital of the industry:-
(a) Technical and supervisory expenses to be capitalized,
(b) Pre-investment and pre-operating expenses,
(c) Capitalized interest expense.