Examples of National Coal Index in a sentence
Notional Price shall mean the price arrived at after adjusting the Representative Price with sub-index of National Coal Index of the relevant basket of coal grade(s) on the date on which royalty becomes payable.
In such case, the revenue share payable for the shortfall quantity (75% of scheduled coal production of 3 financial years less the quantity of coal on which the statutory royalty is paid in 3 financial years) shall be computed on the basis of Notional Price arrived at after adjusting the Representative Price with sub-index of National Coal Index of the relevant basket of coal grade(s) for the relevant block of 3 financial years.
First Revision: In the month of April, basis the difference in the i) National Coal Index for the month of March of previous financial year and ii) National Coal Index basis which the Performance Security was first estimated in accordance with Clause 7.1.1 above.
In all subsequent years, in the month of April, basis the difference in the i) National Coal Index for the month of March of previous financial year and ii) National Coal Index for the month of March of previous to previous financial year.(b) In case of any revision in rate of royalty, the amount of Performance Security shall be revised accordingly.
For the purpose of calculation of Performance Security, Representative Price after adjustment with latest available sub-index of National Coal Index of the relevant basket of coal grade(s) on the date of execution of the Agreement shall be considered.
Such adjustments may be on account of the National Coal Index as may be notified for and applicable to the Monthly Payment dates as well as higher of Actual Price and Notional Price.
Notional Price shall mean the price arrived at after adjusting the Representative Price with sub-index of National Coal Index or National Lignite Index, as applicable, of the relevant basket of coal grade(s) on the date on which royalty becomes payable.
Ad valorem royalty for the purpose of calculating the additional amount for coal and lignite shall be based on National Coal Index (NCI) and Representative Price (RP) of coal excluding the taxes, levies and other charges.”.
For the purpose of calculation of Performance Security, Representative Price after adjustment with latest available sub-index of National Coal Index of the relevant basket of coal grade(s) shall be considered.
In all subsequent years, in the month of April, basis the difference in the i) National Coal Index for the month of March of previous financial year and ii) National Coal Index for the month of March of previous to previous financial year.(b) In case of any revision in the rate of royalty, the amount of Performance Security shall be revised accordingly.