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Price variation calculation as per IEEMA Circular dated May 2014

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Santanu Debnath Contract & Claims Manager| Shapoorji Pallanji Engineering & Construction Gurgaon, Haryana, India
Can someone help me with the process of calculation of Price Variation for supplies made before April'2014 as per IEEMA? I have the circular which says for calculation of PV indices should be taken as flat and April'14 indices should be used in numerator. Further the same is to be again factored with keeping base indices as Apr'14 in denominator. If someone can explain with an example that would be really helpful

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