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SETTLEMENT RECOMMENDATION:
IBC Pack Total Damaged Damaged GST @ Assessed
Sr. Description Rate/Kg Amount (Rs)
size (Kg) IBC IBC (Kg) 18% (Rs)
1 Loss on account of PP029A 960(NW) 2 1 799 152.91 1,22,175.09 21,991.52 1,44,167
Gross Loss 1 799 1,44,167
Add:Basis of Valuation 10% 14,417
Net of Valuation 1,58,583
Less Salvage -
Net of Salvage 1,58,583
Less: Excess 0.5% of Consignment value 0.5 8,398
Net Assessed Loss(Rounded off) 1,50,185