Notional Price definition
Examples of Notional Price in a sentence
This will be used for calculating the Notional Price for a consignment according to the Notional Price Table.
Such adjustments may be on account of the National Coal Index as may notified for and applicable to the Monthly Payment dates as well as higher of Actual Price and Notional Price.
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.
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.
There will then be an adjustment to this amount based on the Reject Kernel with a bonus or deduction applying depending on the level of Reject Kernel in a Consignment as per the Notional Price Table.