https://www.taxtmi.com/caselaws?id=166280 A commercial contract permitting substitution of imported items with indigenous supplies supported reimbursement only to the extent of actual cost accepted by the owner; separate profit, service charges, inspection charges, overheads and similar ancillary additions were not recoverable on the facts. The agreement also placed taxes, duties and levies on the contractor and fixed the price, so countervailing duty, customs duty and exchange-rate based adjustments could not be claimed by relying on general reimbursement provisions. By contrast, delay-related compensation, interest on delayed funds, and pendente lite and post-award interest were upheld where the factual record supported compensable delay attributable to the owner. en-us Thu, 06 Sep 2007 00:00:00 +0530 Sat, 13 Sep 2014 22:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=166280 A commercial contract permitting substitution of imported items with indigenous supplies supported reimbursement only to the extent of actual cost accepted by the owner; separate profit, service charges, inspection charges, overheads and similar ancillary additions were not recoverable on the facts. The agreement also placed taxes, duties and levies on the contractor and fixed the price, so countervailing duty, customs duty and exchange-rate based adjustments could not be claimed by relying on general reimbursement provisions. By contrast, delay-related compensation, interest on delayed funds, and pendente lite and post-award interest were upheld where the factual record supported compensable delay attributable to the owner. Case-Laws Companies Law Thu, 06 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=166280