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Annual measurement of extraction of Coal Sample Clauses

Annual measurement of extraction of Coal. 19.7.1 On or before COD, the Engineer in charge shall cause to be measured, by Central Mines Planning and Design Institute Limited (“CMPDI”), using latest applicabletechnology or laser technologyor photogrammetry methodor any other latest available technology (the "Measurement"), the stockpile andCoal Seams and the Overburden (in case of Opencast Working)at the Mines, and shall convey forthwith to the Authority such particulars thereof as the Authority may reasonably require. The above Measurement shall be undertaken in accordance with the provisions of yellow book of Coal India Limited. The date and time for Measurement shall be notified by the Engineer in chargein consultation with CMPDI, no less than 1 (one) week in advance, to the Mine Operator and the Authority, and the Authority may designate its representative to witness such Measurement or may also carry out its independent Measurement.The Authority may engage any other reputed third party agency, other than CMPDI, for undertaking such Measurement. 19.7.2 The Engineer in charge shall arrange, once every Accounting Year, on or before the commencement of each Accounting Year, to repeat the Measurement in accordance with the provisions of Clause 19.7.1. 19.7.3 In the event that the quantity of Coaldispatched from the Delivery Point during any Accounting Year falls short of the quantity of excavation/extraction (with due consideration of Coal stock at Coal Depot), as determined by Measurement,in respect of that Accounting Year, the Mine Operator shall pay to the Authority, Damages equivalent to theloss ofrevenue of the Authority for the shortfall quantity up to 2% (two per cent) andequivalent to twice the loss of revenue of the Authorityfor the shortfall quantity exceeding 2% (two per cent) of excavation/extraction quantity of Coal. The amount of Damages shall be recovered from the monthly bill of the Mine Operator. Shortfall quantity shall be reconciled every month and final adjustment shall be done at the end of each Accounting Year. The Parties further agree that conversion of volumetric content to weight of Coal in different stacks shall be in accordance with the New Code for Uniform System of Maintenance, Control and Verification of Coal Stock in all Mines of Coal India Limited. The Parties also agree that in the event of a Dispute relating to the procedure and outcome of any tests or measurements conducted hereunder, the Dispute shall be referred to an Independent Laboratory for conducting tests ...
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