1
Excess Ceiling rate per day allowed for Borrowed Capital
US$ 515.32
2
Total no. of Operating Days
365 x 7 years =
2555
Less non-compensable day
60
2495 days
3
Total no. of Vessels
Overpayment of Ceiling Rate in US$ (1 x 2 x 3)
US $ 2.57 million
Equivalent to Rupees
Rs.4.86 crore