The case examine a very dramatic moment in the life of a company which was to open the bills of lading relating to the imports of machinery on the day following devaluation of the rupee during June 1966. The enhanced financial commitment on the part of the company because of devaluation provide the controversial area for the discussion. How to need the gap happens to be the main problem but this gap arises out of the several contributory factors. There is figure in the case.