--

'-

[i][i]IEEMA
Y~~~E~
GiroNo.162/ DIVfTRF/05/
1st July, 2004

To Members of Transformers Division Subscribers of Transformer Deemed Export Price Variation Circulars All Utilities and Purchasing Organisations

Sub: Amendment in the Grade Reference of CRGO

Members are aware that IEEMA is now regularly publishing only one basic price circular covering all raw material prices and indices applicable to new price variation clause for transformers supplied against deemed export contracts effective from 1stJune 2003. One of the important raw material is CRGO electrical steel sheets. In our basic price circular, we provide CRGO price for M4 & MOH Grade separately. However, many transformer manufacturers have expressed difficulties in settling price variation claims due to specific reference to these grades in the basic price circulars. They have informed that M4/MOH are brand names of CRGO supplied by manufacturers from Japan. Members are also importing CRGO of equivalent quality and grade from other sources. To avoid such confusion, Transformers Division members of IEEMA in a meeting held on 21st June 2004 at Mumbai have decided to delete the specific reference to M4 / MOH grade CRGO from all price variation clauses as well as from applicable price circulars. Accordingly, we are pleased to enclose all 4 price variation clauses of transformers supplied against deemed export contract after effecting necessary corrections. We request you to replace these clauses with the -earlier one circulated vide our circular No. 416/DIVfTRF/05 dated 24th December 2003. We will be deleting grade reference in the definition of CRGO in the applicable basic price circular from June 2004 onwards.'

----

Asst. Secretary General

C:\Elsy's Data\PVC\CRGO.doc

Reply to: 501, Kakad Chambers, 204, Swiss Complex, 132, Dr. Annie Besant Road, 33, Race Course Road, Worli, Mumbai 400 018, India Bangalore 560 001, India Tel: +91 (0) 22 2493 0532 Tel:-+-9.1(0) 802201316 Fax: +91 (0) 2224932705 Fax: +91 (0) 802201317 E,mail: mumbai@ieema.org E-mail: bangalore@ieema.org www.ieema.org / www.elecrama.com 804, Surya Kiran, 19, Kasturba Gandhi Marg, New Delhi 110001, India Tel: +91 (0) 1123733013 Fax: +91 (0) 11 23733015 E-mail: delhi@ieema.org
5G, Hastings Chamber, 7C, Kiron Shanker Roy Road, Kolkata 700 001, India Telefax: +91 (0) 3322131326 E-mail: kolkata@ieema.org

Indian Electrical & Electronics Manufacturers' An ISO9001Organisation

Association

~~IEEMA
YCM,

E~
Effective from: 1s1June 2003

IEEMAlPVC/DIST -CU/DE/2003

PRICE VARIATIONCLAUSE FOR COPPER WOUNDDISTRIBUTIONTRANSFORMERS COMPLETE WITHALL ACCESSORIES AND COMPNENTS (Of ratings up to 10 MVAand voltage up to 33 KV) Supplied against export! deemed export contracts against duty free inputs
.

Under special imprest licensing scheme

This price variation clause is applicable for 'Copper Wound DistributionTransformers', with rating up to 10 MVAand voltages up to 33 KV.The clause is to be used for export/deemed export contracts under special imprestlicensingscheme. A separate price variationclause IEEMAlPVClDIST -CU/2003has beenevolved for above types of Transformers supplied against domestic contracts.

--

The price quoted/confirmed is based on the input cost of raw materials/components and labour cost as on the date of quotation and the same is deemed to be related to prices of raw materials and all India average consumer price index number for industrial workers as specified in the price variation clause given below. In case of any variation in these prices and index numbers, the price payable shall be subject to adjustment, up or down in accordance with the followingformula: Po P= 100 Wherein, P Po Co
C ES IS 1M TB W

13+23Co

+27ESo

+ 9ISo

+5IMo

+11TBo

+12-

Wo

=
= =

Price payable as adjusted in accordance with the above formula.

Price quoted/confirmed. Average LME settlement price of copper wire bars (refer notes) This price is as applicable for the month, two months prior to the date of tendering.

ESe

C&F price of CRGO Electrical Steel Sheets (refer notes) This price is as applicable on the 1stworking day of the month, one month prior to the date of tendering.

-ISo
=

Wholesale price index number for 'Iron & Steel (Base: 1993-94=100)' (refer notes) This index number is as applicable for the week ending 1stSaturday of the month, three months prior to the date of tendering.

IMo

Price of Insulating Materials (refer notes) This price is as applicable on the 1st working day of the month, one month prior to the date of tending.

TBo

Price of Transformer Oil Base Stock (refer notes) This price is as applicable on the 1stworking day of the month, two months prior to the date of tendering.
IEEMAlPVC/DIST -CUIDE/2oo3/1/3

Reply 10: 501, Kakad Chambers, 204, Swiss Complex, 132, Dr. Annie Besant Road, 33, Race Course Road, Worli, Mumbai 400 018, India Bangalore 560 001, India Tel: +91 (0) 2224930532 Tel: +91 (0) 80 2201316 Fax: +91 (0) 2224932705 Fax: +91 (0) 802201317 E-mail: mumbai@ieema.org E-mail: bangalore@ieema.org www.ieema.org I www.elecrama.com 804, Surya Kiran, 19, Kasturba Gandhi Marg, New Delhi 110001, India Tel: +91 (0) 1123733013 Fax: +91 (0) 11 23733015 E-mail: delhi@ieema.org
5G, Hastings Chamber, 7C, Kiron Shanker Roy Road, Kolkata 700 001, India Telefax: +91 (0) 33 22131326 E-mail: kolkata@ieema.org

Indian Electrical & Electronics An ISO9001Organisation

Manufacturers'

Association

IEEMAlPVC/DIST -CU/DE/2003
Wo

Effective from: 1sl June 2003

All India average consumer price index number for industrial workers, as published by the Labour Bureau, Ministryof Labour, Govt. of India (Base 1982 = 100)
This

index number is as applicable on the first working day of the month, three months prior to

the date of tendering.

For example, if date of tendering falls in May 2004, the applicable prices of Copper Wire Bars (Co) and Transformer Oil Base Stock (TBo) should be for the month March 2004, where as the applicable price of CRGO Steel Sheets (ESo) and Insulatingmaterial (IMo) should be as on 1stApril2004 and Wholesale price index number for 'Iron & Steel' (ISo) should be for the week ending first Saturday of February 2004 and all India average consumer price index no. (Wo)should be for the month of February 2004.
The above prices and indices are as published by IEEMA vide IEEMA(PVC)/TRFIDE/-'- prevailing as on first working day of the month ... date of tendering. circular reference number

i.e., one month prior to the

r-

C ES

Average LME settlement price of copper wire bars (refer notes)

This price is as applicable

for the month, two months prior to the date of delivery. note)

C&F price of CRGO Electrical Steel Sheets (refer

This price is as applicable on the 1stworking day for the month, one month prior to the date of delivery.

IS

Wholesale price index number for 'Iron & Steel (Base: 1993-94=100)' (refer notes) This index number is as applicable for the week ending 1st Saturday of the month, three months

priorto the date of delivery.

1M

Price of Insulating Materials (refer notes) This price is as applicable on the 1stworking day of the month, one month prior to the date of delivery.

TB

Price of Transformer Oil Base Stock (refer notes)

This price is as applicable on the 1st working day of the

month, two months prior to the date of

r"'
J

delivery.

All India average consumer price index number for industrial workers, as published by the Labour Bureau, Ministry of Labour, Govt. of India (Base 1982 = 100)

This index number is as applicable on the first working day of the month, three months prior to
the date of delivery." . For example, if date of delivery in terms of clause given below falls in December 2004, the applicable prices
of Copper Wire Bars (C) and Transformer Oil Base Stock (TB) should be for the

month October 2004; where

as applicable prices of CRGO Steel Sheets (ES) 2004.

and Insulatingmaterial(1M) should be as on 1stNovember

2004 and Wholesale price index number for 'Iron & Steel' (IS) should be for the week ending first Saturday of September 2004 and all India average consumer price index no. (W) should be for the month of September

The date of delivery is the date on which the transformer is notified as being ready for inspection/despatch (in the absence of such notification, the date of manufacturer's despatch note is to be considered as the date of delivery) or the contracted delivery date (including any agreed extension thereto), whichever is earlier. IEEMAlPVC/DIST -CUIDE/2003l2l3

IEEMAlPVC/DIST

-CUIDE/2oo3

Effective from: 1stJune 2003

Notes: (a) All prices of raw materials are exclusive of modvatable exciselCV duty amount and exclusive of any other central, state or local taxes, -octroi etc. In deemed export contract under special imprest licence, t}1ebasic inputs like Copper, CRGO steel sheets TOBSand insulatingpressboards etc. are imported duty free. While modvatable CVD is already excluded, the customs duty is also removed from basic prices. (b) All prices are as on first working day of the month. (c) The details of prices are as under. 1) The LME price of Copper Wire Bars (in Rs.lMT) is the LME average settlement price of Copper Wire Bars for one month prior to the month of the circular converted into Indian Rupees with applicable exchange rates prevailing as on 1stworking day of the subsequent month. The price of CRGO Electrical Steel Sheets suitable for Transformers of ratings up to 10 MVA and voltage up to 33 KV (in Rs.lMT) is the average C&F price in US $ per MT converted into Indian Rupees with applicable exchange rate prevailing as on 1st working day of the month, as quoted by primary producers. The wholesale price index number for 'Iron & Steel' is as published by the Office of
Economic Advisor, Ministry of Industry, Goo. of India,

2)
r'

3)

New Delhi with base 1993-

94=100. This wholesale price index number is being published weekly on provisional basis. Hovvever, the same gets finalized after eight weeks and is normally available after two months. Therefore, vveare considering in our calculations this final index for
the first Saturday of the months two months prior to the date of which the prices of other raw materials such as AI, 1Mare published for the corresponding month.

4)

The average price of Insulting materials (in Rs.lKg) of pre-compressed pressboards of

size 3 mm and 10 mm thick, 3200 mm x 4100 mm C&F price in free currency per MT converted into Indian Rupees with applicable exchange rates prevailing as on 1st working day of the month, as quoted by primary suppliers.

5)

The price of TOBS is C&F price (in Rs./K.Ltr) for N-60 grade Oil as published in ICIS-

,,-

LORbulletinfor the 1st weekof the previousmonth.This priceis normallypublished in US$ per US Gallon, which is converted in Rs.lK.Ltr with applicable exchange rate prevailing on 1st workingday of the subsequent month.
(d) Some purchasers are purchasing oil immersed Transformers from manufacturers without first filling of oil. Oil for first filling is procured and filled by the purchasers. For such supplies ~VC formula, excluding Oilwillapply as under. Po

=-

89

13 +23

C
+27-

ES +9ESo

IS +5ISo

1M +1~ IMo
Wo

Co

Where descriptionof P, Po,C, ES, IS, 1M,Wetc. remainssameas mentionedearlier.

Authorised Signatory

~~

..
.

. .' <\

~~IEEMA
y~

. .h r?j~ ~::.;ji", '.

1;'4
..d/;P'

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w.

tc

E~
Effective from: 1st June 2003

IEEMAlPVC/DIST -AUDE/2003

PRICE VARIATIONCLAUSE FOR ALUMINIUM WOUNDDISTRIBUTIONTRANSFORMERS COMPLETE WITHALL ACCESSORIES ANDCOMPONENTS (Of ratings up to 10 MVAand voltage up to 33 KV) Supplied against export! deemed export contracts against duty free inputs Under special imprest licensing scheme This price variation clause is applicable for 'Aluminium Wound DistributionTransformers', with rating up to 10
MVA and voltages up to 33 KV. The clause is to be used for export/deemed export contracts under special

imprest licensing scheme. A separate price variation clause IEEMAlPVC/DIST -AU2003 has been evolved for

above types of Transformers suppliedagainst domesticcontracts. The price quoted/confirmed based on the input cost of raw materials/components labourcost as on is and the date of quotationand the same is deemed to be relatedto pricesof rawmaterialsand all Indiaaverage consumerpriceindexnumberfor industrialworkersas specifiedin the pricevariationclause givenbelow.In case of any variationinthese pricesand indexnumbers,the pricepayableshall be subjectto adjustment,up
or down in accordance with the followingformula:
Po

"

P =
100 Wherein, P Po Ala = = =

AL + 33Ala

ES + 9ESo

IS

1M + 5-,-+

TB

W + 12Wo

13+ 17-

1t--TBo

ISo

IMo

Price

payableas adjusted in accordancewiththe above formula.

Price quoted/confirmed.

Price of EC Grade Aluminium rods (Properzirods) (refernotes)

This price is as applicable on the 1stworking day of the month, one month prior to the date of tendering.

ESo ".ISo

C&F price of CRGO Electrical Steel Sheets (refer notes) This price is as applicable on the 1stworking day of the month, one month prior to the date of tendering. Wholesalepriceindexnumberfor 'Iron&Steel (Base: 1993-94=100)' (refernotes) This index number is as applicable for the week ending 1stSaturday of the month, three months prior to the date of tendering.

IMo

= Price of Insulating Materials (refer notes)

This price is as applicable on the 1st working day of the month, one month prior to the date of tending.

TBo

Price of Transformer Oil Base Stock (refernotes) This price is as applicable on the 1stworking day of the month, two months prior to the date of tendering.
IEEMAlPVC/DIST -AUDE/2003/1/3

Reply to: 501, Kakad Chambers, 204, Swiss Complex, 132, Dr. Annie Besant Road, 33, Race Course Road, Worli, Mumbai 400 018, India Bangalore 560 001, India Tel: +91 (0) 22 2493 0532 Tel:+91 (0) 80 220 1316 Fax: +91 (0) 2224932705 Fax: +91 (0) 802201317 E-mail: mumbai@ieema.org E-mail: bangalore@ieema.org www.ieema.org I www.elecrama.com 804, Surya Kiran, 19, Kasturba Gandhi Marg, New Delhi 110001, India Tel: +91 (0) 11 23733013 Fax: +91 (0) 11 23733015 E-mail: delhi@ieema.org 5G, Hastings Chamber, 7C, Kiron Shanker Roy Road, Kolkata 700 001, India Telefax: +91 (0) 33 2213 1326 E-mail: kolkata@ieema.org

Indian Electrical & Electronics Manufacturers' Association

An ISO 9001 Organisation

IEEMAlPVC/DIST -AUDE/2oo3

Effective from: 1st June 2003

Wo

All India average consumer price index number for industrial vvorkers,as published by the Labour Bureau, Ministryof Labour, Govt. of India (Base 1982 100) This index number is as applicable on the first working day of the month, three months prior to the date of tendering.

For example, if date of tendering falls in May 2004, the applicable price of Transformer Oil Base Stock (TBo) should be for the month March 2004, where as the applicable prices OfAluminium(A4I),CRGO Steel Sheets (ESo), Insulating material (IMo)should be as on 1stApril2004 and Wholesale price index number for 'Iron & Steel' (ISo) should be for the week ending first Saturday of February 2004 and all India average consumer price index no. (Wo)should be for the month of February 2004. The above prices and indices are as published by IEEMAvide circular reference number IEEMA(PVC)/TRF IDEI_L prevailing as on first workingday of the month ... ... i.e., one month prior to the date of tendering.
, "

Al

Price of EC Grade Aluminiumrods (Properzi rods) (refer notes)

This price is as applicableon the 1st workingday of the month,one monthpriorto the date of
delivery.
ES

=
=

C&F price of CRGO Electrical Steet Sheets (refer notes) This price is as applicable on the 1stvvorkingday for the month, one month prior to the date of
delivery. '

IS

Wholesale price index number for "ron &Steel (Base: 1993-94=100)' (refer notes) This index number is as applicable for the week ending 1stSaturday of the month, three months prior to the date of delivery.

1M

Priceof InsulatingMaterials(refernotes)
This price is as applicable on the 1stworking day of the month, Q!:! month prior to the date of delivery.

TB

= =

Price of Transformer Oil Base Stock (refer notes) This price is as applicable on the 1stvvorkingday of the month, tvvomonths prior to the date of delivery.

--.

All India average consumer price index number for industrial workers, as published by the Labour Bureau, Ministryof Labour, Govt. of India (Base 1982 =100) This index number is as applicable on the first vvorkingday of the month, three months prior to

the date of delivery.

,.

2004.

For example, ifdate of delivery in terms of clause given below falls in December 2004, the applicable price of Transformer Oil Base Stock (TB) should be for the month October 2004; where as applicable prices of Aluminium (Al), CRGO Steel Sheets (ES), Insulating material (1M)should be as on 1stNovember 2004 and Wholesale price index number for 'Iron & Steel (IS)' should be for the week ending first Saturday of September 2004 and all India average consumer price index (W) should be for the month of september
'

The date of deliveryis ~hedate on whichthe transformeris notifiedas beingready for inspection/despatch (inthe absence of such notification,he date of manufacturer'sdespatch note is to be consideredas the date t of delivery)or the contracteddeliverydate (mcluding agreed extensionthereto),whicheveris earlier. any
IEEMAlPVC/DIST -AUDEI2O03l2l3

IEEMAlPVCfOlST

-AUDE/2003

EffectivefitKn:1~June2003

Notes: (a) Allprices of rawmaterialsare exclusiveof modvatableexciselCVdutyamountand exclusiveof any other central, state or localtaxes, octroietc. In deemed exportcontractunder special imprestlicence, the basic inputs likeCopper, CRGOsteel sheets TOBSand insulatingpressboardsetc. are importedduty free. WhilemodvatableCVDis alreadyexcluded,the customsdutyis also removedfrombasic prices. (b) Allpricesare as on firstworkingday of the month. (c) The detailsof pricesare as under:
1)

The price of Aluminium in Rs./MT is the average Ex-works price of EC Grade Aluminium rods quoted by the primary producers confirmingto specifications IS: 5484. The price of CRGO Electrical Steel Sheets suitable for Transformers of ratings up to 10 MVAand voltage up to 33 KV(in Rs.lMT) is the average C&Fprice in US $ per MT converted into Indian Rupees with applicable exchange rate prevailing as on 1st working day of the month, as quoted by primary producers. The wholesale price index number for 'Iron & Steel' is as published by the Office of Economic Advisor, Ministry of Industry, Govt. of India, New Delhi with base 199394=100. This wholesale price index number is being published weekly on provisional basis. However, the same gets finalized after eight weeks and is normally available after two months. Therefore, we are considering in our calculations this final index for the first Saturday of the months two months prior to the date of which the prices of other raw materials such as AI, 1Mare published for the corresponding month. The average price of Insulting materials (in Rs.lKg) of pre-compressed pressboards of size 3 mm and 10 mm thick, 3200 mm x 4200 mm C&F price free currency per MT converted into Indian Rupees with applicable exchange rates prevailing as on 1st working day of the month, as quoted by primary suppliers. The price of TOBS is C&F price (in Rs./KLtr) for N-60 grade Oil as published in ICISLOR bulletin for the 1~ week of the previous month. This price is normallypublished in US$ per US Gallon, which is converted in Rs.lK ltr with applicable exchange rate prevailing on 1stworkingday of the subsequent month.
(

2)
r'"

3)

4)

5)

r--

(d) Some purchasers are purchasing oil immersed Transformers from manufacturers withoutfirst fillingof oil. Oil for first fiUingis procured and filled by the purchasers. For such supplies PVC formula, excluding Oilwillapply as under.
Po

=-

89

13 + 17

AL
+ 33

ES +9 ESo

IS , ISo +5-

1M

+12IMo Wo

Ala

Where description of P, Po,AL, ES, IS, 1Mand W etc. remains same as mentioned earlier.

Authorised Signatory
IEEMAlPVC/DIST -AlfOEI2003l3/3

~~

[i]~IEEMA
.

y~w.tc~
Effective from: 15t June 2003 PRICE VARIATIONCLAUSE FOR DRY TYPE DISTRIBUTIONTRANSFORMERS COMPLETE WITHALL ACCESSORIES AND COMPONENTS (Of ratings up to 10 MVA and voltage up to 33 KV) Supplied against export! deemed export contracts against duty free inputs Under special imprest licensing scheme

IEEMAlPVC/DIST-DT /DE/2003

This price variation clause is applicable for 'Dry Type DistributionTransformers', with rating up to 10 MVA
and voltages up to 33 KV. The clause is to be used for export/deemed export contracts under special imprest licensing scheme. A separate price variation clause IEEMAlPVC/DIST-DT/2003 has been evolved for above types of Transformers supplied against domestic contracts. The price quoted/confirmed is based on the input cost of raw materials/components and labour cost as on the date of quotation and the same is deemed to be related to prices of raw materials and all India average consumer price index number for industrial workers as specified in the price variation clause given below. In case of any variation in these prices and index numbers, the price payable shall be subject to adjustment, up or down in accordance with the following formula: Po P = 100 Wherein, P Po Co = Price payable as adjusted in accordance withthe above formula.
Price quoted/confirmed.

ES + 20+ 6ESo

IS + 14-'ISo

1M + 10IMo

ER + 12ERo

W Wo

13+ 25

Co

=
=

Average LME settlement price of copper wire bars (refer notes) This price is as applicable for the month, two months prior to the date of tendering.

ESo

C&F price of CRGO Electrical Steel Sheets (refer notes) This price is as applicable on the 1stworking day of the month, ~ tendering.

--.
ISo

month prior to the date of

Wholesale price index number for 'Iron & Steel (Base: 1993-94=100)' (refer notes) This index number is as applicable for the week ending 1st ~aturdayof the month,three months prior to the date of tendering.

IMo

= =

Price of Insulating Materials (refer notes)

This price is as applicable on the 1st working day of the month, one month prior to the date of tending.

ERa

Price of Epoxy resin (refer notes)

This price is as applicable on the 1stworking day of the month, one month tendering.
IEEMAlPVCIDIST

priorto the date of

-DT /DE/2003/1/3

Reply to: 501, Kakad Chambers, 204, Swiss Complex, 132, Dr. Annie Besant Road, 33, Race Course Road, Worli, Mumbai 400 018, India Bangalore 560 001, India Tel: +91 (0) 22 2493 0532 Tel: +91 (0) 802201316 Fax: +91 (0) 2224932705 Fax: +91 (0) 80 220 1317 E-mail: mumbai@ieema.org E-mail: bangalore@ieema.org www.ieema.org I www.elecrama,com 804, Surya Kiran, 19, Kasturba Gandhi Marg, New Delhi 110001, India Tel: +91 (0) 11 23733013 Fax: +91 (0) 11 23733015 E-mail: delhi@ieema.org
5G, Hastings Chamber, 7C, Kiron Shanker Roy Road, Kolkata 700 001 , India Tele/ax: +91 (0) 3322131326 E-mail: kolkata@ieema.org

Indian Electrical & Electronics An ISO9001Organisation

Manufacturers'

Association

IEEMAlPVClDIST -DT/DE/2OO3 Wo

Effective from: 1stJune 2003

All India average consumer price index number for industrial workers, as published by the labour Bureau, Ministry of labour, Govt. of India (Base 1982 100)

This index number is as applicable on the first YtOrkingday of the month, three months prior to the date of tendering. For example, if date of tendering falls in May 2004, the applicable prices -ofCopper Wire Bars (Co) should be for the month March 2004, where as the applicable prices of CRGO Steel Sheets (E50), Insulating material (IMo) and Epoxy resin (ERa) should be as on 1stApril 2004 and Wholesale price index number for 'Iron & Steel' (180)should be for the week ending first Saturday of February 2004 and all India average consumer price index no. (Wo)should be for the m.onthof February 2004.

The above prices and indices are as published by IEEMA vide circular reference number IEEMA(PVC)/TRF/DE/-'- prevailingas on first 'MJrking day of the month i.e., one month prior to the date of tendering.
/'--

= Average LME settlement price of copper wire bars (refer notes) This price is as applicable for the month, twomonthspriorto the date of delivery.

ES

= C&Fprice of CRGOElectricalSteelSheets(refernotet
day This price is as applicable on the 1st YtOrking for the month,one monthpriorto the date of delivery.

IS

=
=

Wholesale priceindexnumber for 'Iron & Steel (Base: 1993-94=100)' (refer notes) This index number is as applicable for the week ending 1stSaturday of the month, three months prior to the date of delivery Price of Insulating Materials (refer notes)

1M

This price is as applicable on the 1st YtOrking day of the month, one month prior to the date of
delivery. ER

Priceof Epoxyresin (refer notes)

This price is as applicableon the 1stworkingday of the month,one month priorto the date of
delivery.
W

All India average consumer price index number for industrial'MJrkers,as publishedby the LabourBureau,Ministryof labour, Govt.of India(Base1982= 100)
This index number is as applicable

on the firstworkingday 9f the month,three monthsprior to

the date of delivery.

For example, ifdate of delivery in terms of clause given below falls in December 2004, the applicable price of Copper Wire Bars (C) should be for the month October 2004; where as applicable prices of CRGO Steel Sheets (ES), Insulating material (1M)and Epoxy resin (ER) should be as on 1st November 2004 and Wholesale price index number for 'Iron & Steel (IS)' should be for the week ending first Saturday of September 2004 and all India average consumer price index rN> should be for the month of September 2004.

The date of delivery is the date on which the transformer is notified as being ready for inspection/despatch (in the absence of such notification, the date of manufacturer'sdespatch note is to be consideredasthedate of delivery) or the contracted delivery date (includingany agreedextensionthereto),whicheveris earlier.
IEEMAlPVC/DIST -DT/DE/2oo3l2l3

IEEMAlPVCIDIST

-OT /OEl2oo3

Effectivefrom: 1st June 2003

Notes: (a) All prices of raw materials are exclusive of modvatable exciselCV dutyamount and exclusive of any other central, state or local taxes., octroi etc. In deemed export contract under special imprest licence, the basic inputs like Copper, CRGO steel sheets and insulatingpressboardS etc. are importedduty free. While modvatableCVOis already excluded, the customs duty is also removed from basic prices. (b) Aft prices are as on first working day of the month. (c) The details of prices are as under. 1) The LME price of Copper Wire Bars (in Rs./MT) is the LME average settlement price of Copper Wire Bars for ~ month prior to the month of the circular converted into indian Rupees with applicable exchange rates prevailing as on 1stworking day of the subsequent month.
Steel Sheets suitable for Transformers of ratings up to 10 MVA and voltage up to 33 KV (in Rs./MT) is the average C&F price in US $ per MT converted into Indian Rupees with applicable exchange rate prevailing as on 1st working day of the month, as quoted by primary producers. The price of CRGO Electrical

r'

2)

3)

The wholesale price index number for "ron & Steer' is as published by the Office of Economic Advisor, Ministry of Industry, Govt. of India, New Delhi with base 199394=100. This wholesale price index number is being published vveektyon provisional basis. However, the same gets finalized after eight weeks and is normally available

after two months. Therefore, we are considering in our calculations this final index for

the first Saturdayof the months two months priorto the date of whichthe prices of
other rfNImaterials such as AI,1Mare published for the corresponding month. 4) The average price of Insulting materials (in Rs./Kg) of pre-compressed pressboards of size 3 mm and 10 mm thick, 3200 mmx 4200 mm C&F price free currency per MT converted into Indian Rupees with applicable exchange rates prevailingas on 1st
working

day of the month,as quoted byprimarysuppliers.

5)

r-

The price of Epoxy resin is price quoted by resin manufacturer for their grade CT 5900 or its nearestequivalent.

~fw&
Authorised Signatory

IEEMAlPVC/OIST -OT/OEl2oo3l3l3

~[ilIEEMA
lEE MAJPVC/PO WERIDE/2003

y~W~~
Effective from: 1st June 2003

PRICE VARIATIONCLAUSE FOR POWER TRANSFORMERS COMPLETE WITHALL ACCESSORIES AND COMPONENTS (Of ratings above 10 MVAor voltage above 33 KV) Supplied against export! deemed export contracts against duty free inputs Under special imprest licensing scheme This price variation clause is applicable for 'Power Transformers' of all type including Auto, Generating
Transformers etc. with either rating of above 10 MVA or voltages above 33 KV. The clause is to be used for export/deemed export contracts against duty free inputs under specialimprest licensing scheme. A separate price variation clause IEEMAJPVC/POWERl2003 has been evolved for above types of Transformers supplied against domestic contracts. The price quoted/confirmed is based on the input cost of raw materials/components and labour cost as on the date of quotation and the same is deemed to be related to prices of raw materials and all India average consumer price index number for industrial workers as specified in the price variation clause given below. In case of any variation in these prices and index numbers, the price payable shall be subject to adjustment, up or down in accordance with the following formula: Po P = 100 Wherein, P Po Co C ES + 28 Co ESo + 7 150 IS + 7 IMo 1M TB W 13 + 23 -

r-,

+7TBo

+15 Wo

=
= =

Price payable as adjusted in accordance with the above formula. Price quoted/confirmed. Average lME settlement price of copper wire bars (refer notes) This price is as applicable for the month, two months prior to the date of tendering.

ESo
/'

C&F price of CRGO Electrical Steel Sheets (refer notes) This price is as applicable on the 1stworking day of the month, one month prior to the date of tendering.

150

Wholesale price index number for 'Iron & Steel (Base: 1993-94=100)' (refer notes) This index number is as applicable for the week ending 1stSaturday of the month, three months prior to the date of tendering.

IMo

Price of Insulating Materials (refer notes) This price is as applicable on the 1st working day of the month, one month prior to the date of tenQing.

TBo

= Price of Transformer Oil Base Stock (refer notes)

This price is as applicable on the 1stworking day of the month, two month prior to the date of tendering. .
IE EMAJPVC/POWE RlDE/2003/1/3

Reply to: 501, Kakad Chambers, 204, Swiss Complex, 132, Dr. Annie Besant Road, 33, Race Course Road, Worli, Mumbai 400 018, India Bangalore 560 001, India Tel: +91 (0) 22 2493 0532 Tel: +91 (0) 80 220 1316 Fax: +91 (0) 22 2493 2705 Fax: +91 (0) 802201317 E-mail: mumbai@ieema.org E-mail: bangalore@ieema.org www.ieema.org I www.elecrama.com 804, Surya Kiran, 19, Kasturba Gandhi Marg, New Delhi 110 001, India Tel: +91 (0) 11 23733013 Fax: +91 (0) 11 23733015 E-mail: delhi@ieema.org
5G, Hastings Chamber, 7C, Kiron Shanker Roy Road, Kolkata 700 001, India Telefax: +91 (0) 3322131326 E-mail: kolkata@ieema.org

Indian Electrical & Electronics An ISO9001Organisation

Manufacturers'

Association

IEEMAlPVClPO WERlDEl2003

Effective from: 1stJune 2003

Wo

= Atl India average consumer price index number for industrialworkers,as publishedby the
Labour Bureau, Ministry of Labour, Govt. of India (Base 1982

=100)

This index number is as applicable on the first working day of the month, three months prior to the date of tendering. For example, if date of tendering falls in May 2004, the applicable prices of Copper Wire ~ars (Co)and Transformer Oil Base Stock (TBo)should be for the month March 2004, where as the applicable price of CRGO Steel Sheets (ESo), Insulating material (JMo) should be as on 1stApril2004 and Wholesale price index number for 'Iron & Steet' (ISo)should be fOf'the week ending first Saturday of February 2004 and all India average consumer price index no. (Wo)should be for the month of February 2004.

The above prices and indices are as published by IEEMA vide circular reference number IEEMA(PVC)fTRF/DECC prevailingas on firstworkingday of the month Le.,one monthpriorto the date of delivery. rC ES

Average l.ME settlement price of copper wire bars (refer notes) This price is as applicable for the month, four months prior to the date of delivery. C&F price of CRGO Electrical Steel Sheets (refer note) This price is as applicable on the 1stworking day for the month, three months prior to the date of delivery. Wholesale price index number for 'Iron &Steel (Base: 1993-94=100)' (refer notes) This index number is as applicable for the week ending 1stSaturday of the month, ~ prior to the date of delivery.

=
=

IS

months

1M

Priceof InsulatingMaterials(refernotes)
This price is as applicable on the 1st working day of the month, three months prior to the date of

delivery.
TB

=
=

Price of Transformer Oil (refer notes)

This price is as applicableon the 1stworkingday of the month,twomonthspriorto the date of delivery,

Atl India average consumer price index number for industrialworkers,as publishedby the
Labour Bureau, Ministry of Labour, Govt. of India (Base 1982

=100)

This indexnumberis as applicableon the firstworkingday ~f the month,three monthspriorto the date of delivery. For example, if date of delivery in terms of clause given below falls in December 2004, the applicable prices of Copper Wire Bars (C) and Transformer Oil Base Stock (TB) should be for the months August 2004 and October 2004 respectively; where as applicable prices of CRGO Steel Sheets (ES), Insulating material (1M) should be as on 1stSeptember 2004 and Wholesale price index number for 'Iron &Steet (IS)' should be for the week ending first Saturday of Septem~ 2004 and all India average consumer price index no. (W) should be for the month of September 2004.

The date of deliveryis the date on which transformeris notifiedas beingready for inspection/despatch ,the (inthe absence of such notification,he date of manufacturer'sdespatch note is to be consideredas the date t of delivery)or the contracteddeliverydate (including agreed extensionthereto),whicheveris earlier. any
IE EMAlPVC/PO WE RIDEl2oo3/2/3

--

. --. -

IEEMAlPV C/P OWE RIDE/2 003

Effective from: 1stJune 2003

Notes: (a) All prices of raN materials are exclusive of modvatable exciselCV duty amount and exclusive of any other central, state or local taxes, octroi etc. In deemed export contractunder special imprest licence,

the basic inputs likeCopper, CRGOsteel sheets TOBSand Insulatingpressboards etc. are importedduty
free. While modVatable CVD is already excluded, the customs duty is also removed from basic prices. (b) All prices are as on first

workingday of the month.

(c) The detailsof pricesare as under.

1) The LME price of Copper Wire Bars (in RsJMT) is the lME average settlementprice of CopperWire Bars for ~ monthpriorto the monthof the circularconvertedinto Indian Rupees with applicable exchange rates prevailing-as on 1stworkingday of the

subsequent month. 2)
T"-

The price of CRGOElectricalSteel Sheets suitablefor Transformers ofratings above 10 MVAor voltageabove33 KV (in Rs./MT)is the averageC&Fprice in US $ perMT converted into Indian Rupees with applicable exchange rate prevailingas on 1st workingday of the month,as quoted by primaryproducers.

3)

The wholesale priceindexnumberfor'Iron& Steel' is as publishedby the Officeof

Economic Advisor, Ministry of Industry, Govl of India, New Delhi with base 199394=100. This wholesale price index number is being published weekly on provisional basis. However, the same gets finalized after eight weeks and is normally available after two months. Therefore, 'N'eare considering in our calculations this final index for

the first Saturday of the months two months priorto the date of whichthe prices of
other raw materials such as AI, 1Mare published for the corresponding month.
4) The price of Insulting materials (in Rs.lKg) of pre-compressed pressboards of size 10 mm thick, 3200 mm x 4100 mm is the average C&F price in free currency per MT
converted

into Indian Rupees with applicable exchange rates prevailing as on 1st

working day of the month,as quoted by primary suppliers. 5) The price of TOBS is C&F price (in Rs./KLtr) for N-6Ograde Oilas published in ICISLOR bulletin for the 1stweek of the previous month. This price is normallypublished in US$ per US GaHon, which is converted in RsJK Ltr with applicable exchange rate prevailing on 1st working day of the subsequent month.

,.

Cd) Some purchasers are purchasing oil immersed Transformers from manufacturers without first filling of oil. Oil for first filling is procured and filledby the purchasers.For such suppliesPVC formula, excluding Oil WIll pply as under. a Po

=-

93

13 + 23

C
+ 28

Co

ES +7E50

IS +7150

1M
+1~

lMo

Wo

Where description of P, Po,C, ES. IS, 1Mand W etc. remains same as mentioned earlier.

Authorised Signatory
IE EMAlPVClPOWE RIDEI2003/313

~~