Cost escalation clause in DMS contract triggers coupon price increase for docket handling, effective on the first anniversary. The DMS contract between the Commissioner of Customs (Vendee) and M/s Newgen establishes a mandatory cost escalation clause requiring the Vendee to accept a minimum 5% annual increase on the vendor's base rate (exclusive of taxes) after one year; increases beyond 5% need prior vendee consent. Pursuant to this clause, the coupon price for dockets is increased by 5% effective on the first anniversary of DMS implementation, with all other terms of the earlier public notice remaining in force.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Cost escalation clause in DMS contract triggers coupon price increase for docket handling, effective on the first anniversary.
The DMS contract between the Commissioner of Customs (Vendee) and M/s Newgen establishes a mandatory cost escalation clause requiring the Vendee to accept a minimum 5% annual increase on the vendor's base rate (exclusive of taxes) after one year; increases beyond 5% need prior vendee consent. Pursuant to this clause, the coupon price for dockets is increased by 5% effective on the first anniversary of DMS implementation, with all other terms of the earlier public notice remaining in force.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
