Ohh.. I got the solution at last..., or at least I thought so... Its an improvemnt but not fully solved. I'm Using Proe Wildfire 2, M250. This improvement came from a seemingly harmless area!! There is a toggle button in the Relations window named "set relations to be sensitive to the units of parameters and dimensions". Or u can do that by menu option,
UTILITIES -> UNIT SENSITIVE. I never thought that it would come into picture unless we deal with different units system!! If that is selected, the the feature relations are getting carried over. But still not the part relations which are needed for eveluating the derived parameters. Improvement with this: ---------------------- 1) Now, all the parameters are getting created in the new part with its original value. 2) Feature Relations seems to be getting carried over. Still not solved: ----------------- 1) Part relations that are needed for the used parameters are not getting carried over and hence some features are failing. 2) On odd occation (not known why) feature relations are not getting carried over.. I feel there is something that need to be set properly for all the things to work as it does for my first part. Hope this post may help someone in similar troubled waters AND hope that someone out there has a solution to the problems I still have !!! Or am I taking out loud on the hill side

The following TPI deals with a similar problem and thats where I got a clue..
https://www.ptc.com/appserver/cs/view/solution.jsp?n=/136354.htm Thanks anyway JOE.