interest rate swap contract may be viewed as a variation of a forward contract in which the parties agree to make a series of future ... other with reference to a fixed interest rate. Futures contracts are another variation of forward contracts, differing primarily in that the contracts are standardised
addition to contracts already awarded. This clause 7.2 of the contract
stipulated that quantity of order would be subject to variation of plus
or minus ... sole discretion of the purchaser, even as per agreed
terms of contract. Variation in number of units needed will have
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addition to contracts already awarded. This clause 7.2 of the contract
stipulated that quantity of order would be subject to variation of plus
or minus ... sole discretion of the purchaser, even as per agreed
terms of contract. Variation in number of units needed will have
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contract price will be made
which are in excess of 15% of the contract price. In other words,
unless the valuation of the variation made ... contractor."
"VALUATION OF VARIATIONS
52.1 All variations referred to in Clause 51 and any
additions to the Contract Price which are required
Special Conditions of Contract
The Contracted prices shall be deemed to be inclusive of all
applicable taxes including works Contract Tax & duties,
octroi, levies ... petitioner under the contract. He submits that under clause 15 of
the Special Conditions of Contract, the contracted price shall be deemed to be
inclusive
examination of records and data showed that
there were substantial variations in the actual contracted and consented
quantum of supplies affected by the CPPs ... both.
12.3) Hence, variations in the actual contracted and consented quantum of supply
affected the respective power generating companies which were basically
formulae given below:
A) Variation of Price-Local Labour
………………
…………………
B) Variation of Price-General Materials
The Contract Price will be subjected to adjustment on account ... Where,
V2= Variation in price on account of general variation of prices of all
materials other than specifically provided in Sub-Clause 70.5 hereinafter
New Delhi Municipal Council vs M/S Prominent Hotels Limited on 11 September, 2015
Author
Central Excise rules due to price variation clause in the contract and variation of rate per Kg adopted on the estimated design value. On finalisation ... appellant opted for provisional assessment on account of price variation clause in each of the contract. There is no dispute on the fact though they
formulae given below:
A) Variation of Price-Local Labour
………………
…………………
B) Variation of Price-General Materials
The Contract Price will be subjected to adjustment
on account ... Where,
V2= Variation in price on account of general variation of prices
of all materials other than specifically provided in
Sub-Clause 70.5 hereinafter
