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(Carding Machine : 3000 kg.

Other 3 machines : 1500 kg.) & Damaged parts Loss assessed 6,61,593.00 The above loss will be shared by UIC & NIC, and based on the sum insured in each policy, the respective share of each company, works out as under:-

Amount (Rs.) Share of United India Ins. Co. Ltd. 5,52,648.00 Share of National Insurance Co. Ltd. 1,08,945.00 B. STOCKS While working out the loss on Stocks gross profit has been deducted from the sale cost of finished goods, which has been verified from the recent purchase bills. Regarding raw materials, cost as per the recent purchase bills, has been allowed by us. While assessing the loss, average clause has been applied, and appropriate salvage value has been deducted. The detail of the assessment is as under:- 
         S. No.    Description                                          Assessed Amt
                                                                                (Rs.)
                   FINISHED GOODS
                   Zebra 19615 Rmt @ Rs. 120 per rmt.                       23,53,800
                   Shital Expo 14530 rmt @ Rs. 85                           12,35,050
                   Shital super 6719 rmt @ Rs. 230                          15,45,370
                                            Sale value                      51,34,220
                                            Less G P                         6,67,449
                                            Cost price                      44,66,771
                   Cloth 171 kg. @ Rs. 100                                     17,100
                   Raw materials
                   Fibre 2500 @ Rs. 109                                      2,72,500
                   Yarn 1500 @ Rs. 85                                        1,27,500
                                            Sub-total                       48,83,871
                   Less 5% towards dead stocks                               2,44,194
                   Less salvage value of semi-burnt goods                      86,600
                   weighing 8660 kg @ Rs. 10 per kg.
                                         Loss assessed                      45,53,077
                   Applying average clause 4553077 x 6377000                41,78,767
                                                 6948215
                                         Loss adjusted                      41,78,767
insurance and as such, the quantum of liability should be in terms of pro- data average clause. It was alleged by him that Sh. Sheetal Vij had reduced the pre-fire sound value of the stocks to save him from the penalty as per the condition of average under the policy.
Consumer Complaint No. 9 of 2008 36
68. Sh. Harjit Singh, Investigator tried his best to contact Sh. K.K. Kharbanda and his findings regarding the identity of the complainant-Sh.