Approved Capital Cost. The Approved Capital Cost for the purposes of the Royalty Concessions shall mean expenditure under the following heads for Phase I development in accordance with the estimates in the Approved DPR or the actual expenditure as verifie d_ by the Gujarat Maritime Board, whichever is lower.
Approved Capital Cost to be taken into account at any time for the purposes of the Tariff means, the amount of Capital Cost of the Project shall be the aggregate of the following sub-items.
