![]() Financial Daily from THE HINDU group of publications Thursday, Feb 24, 2005 |
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Logistics
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Railways Rlys raises wagon registration fees Our Bureau
Kolkata , Feb. 23 THE Railways has broad-based as well as revised upwards its wagon registration fees with effect from February 15. The last revision was in April 1999. The revision has made payment of fee mandatory for all consignors. No exemption or differential treatment will be granted to any customer, including Government departments. Which means that the Railways' prime consumers, such as steel plants, power houses, collieries, refineries and cement companies, known as Gold and Platinum Card Holders in Railways parlance, who were earlier not required to pay the registration fees, will henceforth have to deposit the fees at the time of registration of indents. The fee amount too has been raised. Under the new arrangement, the wagon registration fee for all types of wagons on all gauges will be Rs 1,500 a wagon. The fee for all types of rakes of the prescribed standard size on broad gauge and metre gauge will be Rs 50,000 a rake. The fee for a narrow gauge rake will be calculated on the basis of the number of wagons in the rake multiplied by Rs 1,500. As for the rules for forfeiture, it has been decided that wagon registration fee will be forfeited when an indent is cancelled by the indentor within 30 days from the date of registration, irrespective of the commodities. Some prime customers such as steel plants, whose movement of raw materials and finished products is almost entirely by railway rakes, feel that the wagon registration fee should be calculated on the basis of average daily loading, and that the fee equivalent of two days' average loading should be accepted by the Railways as deposit instead of daily payment. Some other customers complain that the modalities of refund and adjustment of the amount deposited against freight payment have not been clarified by the Railways.
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