Podcast
Questions and Answers
If a railway is making changes to freight rates, what is the minimum time period that must be given before they can take effect, when no specific date is specified in the Board's circular?
If a railway is making changes to freight rates, what is the minimum time period that must be given before they can take effect, when no specific date is specified in the Board's circular?
- 14 days (correct)
- 12 months
- 4 months
- 7 months
What is the minimum distance for which station-to-station rates can be reduced for smalls traffic?
What is the minimum distance for which station-to-station rates can be reduced for smalls traffic?
- 150 KM
- 1000 KM
- 500 KM (correct)
- There is no minimum distance
Which of the following commodities are NOT eligible for reduced station-to-station rates?
Which of the following commodities are NOT eligible for reduced station-to-station rates?
- Iron Ore (correct)
- Coal
- Middlings
- Petroleum
For what purpose can station-to-station rates be reduced?
For what purpose can station-to-station rates be reduced?
Who has the authority to approve station-to-station rate quotes?
Who has the authority to approve station-to-station rate quotes?
What is the maximum duration for which reduced rates can be quoted?
What is the maximum duration for which reduced rates can be quoted?
What is the minimum class of goods for which station-to-station rate reductions are allowed in wagonloads?
What is the minimum class of goods for which station-to-station rate reductions are allowed in wagonloads?
What is the minimum class of goods for which station-to-station rate reductions are allowed in Small traffic?
What is the minimum class of goods for which station-to-station rate reductions are allowed in Small traffic?
Which railway is responsible for quoting station-to-station rates when traffic involves multiple railways?
Which railway is responsible for quoting station-to-station rates when traffic involves multiple railways?
Which of the following is NOT a condition for station-to-station rate reduction?
Which of the following is NOT a condition for station-to-station rate reduction?
What is the main consideration for reducing station-to-station rates?
What is the main consideration for reducing station-to-station rates?
Which aspect of rates does the Rates Branch NOT deal with?
Which aspect of rates does the Rates Branch NOT deal with?
What authority does the Central Government have under the Railways Act, 1989 regarding rates?
What authority does the Central Government have under the Railways Act, 1989 regarding rates?
Which of the following is included in the responsibilities of the Rates Branch?
Which of the following is included in the responsibilities of the Rates Branch?
What kind of rates can the Central Government fix according to the Railways Act?
What kind of rates can the Central Government fix according to the Railways Act?
Which document type is NOT associated with the Rates Branch responsibilities?
Which document type is NOT associated with the Rates Branch responsibilities?
Under which section of the Railways Act is the power to classify or re-classify goods vested in the Central Government?
Under which section of the Railways Act is the power to classify or re-classify goods vested in the Central Government?
What do the conditions set by the Central Government concerning rates entail?
What do the conditions set by the Central Government concerning rates entail?
What document contains the classification of goods and tariffs for Indian Railways?
What document contains the classification of goods and tariffs for Indian Railways?
What action should the originating Railway take for a new product not classified in the Goods Tariff?
What action should the originating Railway take for a new product not classified in the Goods Tariff?
What is the role of the Railway Administration regarding minimum weight conditions?
What is the role of the Railway Administration regarding minimum weight conditions?
Under what circumstances can station to station rates be quoted?
Under what circumstances can station to station rates be quoted?
What is the first step taken by the originating Railway when a new product is booked?
What is the first step taken by the originating Railway when a new product is booked?
What must be done if a Railway Administration finds that minimum weight conditions for a commodity need revision?
What must be done if a Railway Administration finds that minimum weight conditions for a commodity need revision?
Which section of the Railways Act is referenced regarding quoting station to station rates?
Which section of the Railways Act is referenced regarding quoting station to station rates?
What remains valid for traffic booked from stations on the originating Railway?
What remains valid for traffic booked from stations on the originating Railway?
What should be done for a new product offered for booking if it is not classified?
What should be done for a new product offered for booking if it is not classified?
What is the legal basis for Railway Administrations to charge lump sum rates for carriage of commodities?
What is the legal basis for Railway Administrations to charge lump sum rates for carriage of commodities?
What defines a 'lump sum rate'?
What defines a 'lump sum rate'?
How does a lump sum rate differ from a normal tariff rate?
How does a lump sum rate differ from a normal tariff rate?
What is the recommended frequency for Railway Administrations to review statistics on traffic moving at reduced rates?
What is the recommended frequency for Railway Administrations to review statistics on traffic moving at reduced rates?
What information should be provided to the Railway Board at the end of each month regarding special rates?
What information should be provided to the Railway Board at the end of each month regarding special rates?
What is the main purpose of maintaining statistics on traffic moving at reduced rates?
What is the main purpose of maintaining statistics on traffic moving at reduced rates?
What does the phrase 'Quantum of Earnings' refer to in the table provided?
What does the phrase 'Quantum of Earnings' refer to in the table provided?
What is the significance of the 'Difference' column in the provided table?
What is the significance of the 'Difference' column in the provided table?
Which of the following is NOT explicitly mentioned as a detail that should be included in the monthly report to the Railway Board?
Which of the following is NOT explicitly mentioned as a detail that should be included in the monthly report to the Railway Board?
Based on the context, what can be inferred as the primary motive behind the Railway Administration's provision of special rates?
Based on the context, what can be inferred as the primary motive behind the Railway Administration's provision of special rates?
If a Railway Administration discovers that the minimum weight conditions for a specific commodity require revision, what is the first action they must take?
If a Railway Administration discovers that the minimum weight conditions for a specific commodity require revision, what is the first action they must take?
When a new product seeking transportation is introduced, and its classification is not present in the Goods Tariff, what is the originating Railway's role?
When a new product seeking transportation is introduced, and its classification is not present in the Goods Tariff, what is the originating Railway's role?
When a new product is booked for transportation and its classification is not yet established in the Goods Tariff, what is the status of the provisional classification assigned by the originating Railway?
When a new product is booked for transportation and its classification is not yet established in the Goods Tariff, what is the status of the provisional classification assigned by the originating Railway?
What is the role of the Railway Administration concerning the standard minimum weight conditions?
What is the role of the Railway Administration concerning the standard minimum weight conditions?
Which of the following is NOT a condition for quoting station-to-station rates?
Which of the following is NOT a condition for quoting station-to-station rates?
In the context of the provided information, what is the primary consideration for reducing station-to-station rates?
In the context of the provided information, what is the primary consideration for reducing station-to-station rates?
What document contains the standardized minimum weight conditions for wagon load rates?
What document contains the standardized minimum weight conditions for wagon load rates?
What is the primary function of the Rates Branch?
What is the primary function of the Rates Branch?
In which of the following situations would station-to-station rates be permitted for goods traffic?
In which of the following situations would station-to-station rates be permitted for goods traffic?
What is the minimum distance for which station-to-station rates can be reduced for trainload/wagonload traffic?
What is the minimum distance for which station-to-station rates can be reduced for trainload/wagonload traffic?
Which of the following commodities is NOT eligible for a reduction in station-to-station rates?
Which of the following commodities is NOT eligible for a reduction in station-to-station rates?
In the context of station-to-station rates, what are 'incremental costs'?
In the context of station-to-station rates, what are 'incremental costs'?
Which of the following statements best describes the purpose of reducing station-to-station rates?
Which of the following statements best describes the purpose of reducing station-to-station rates?
Which authority is responsible for approving quotations of station-to-station rates?
Which authority is responsible for approving quotations of station-to-station rates?
What is the legal basis for the Central Government to fix rates for passenger and goods transportation on Indian Railways?
What is the legal basis for the Central Government to fix rates for passenger and goods transportation on Indian Railways?
Which of the following is NOT directly mentioned as a subject dealt with by the Rates Branch?
Which of the following is NOT directly mentioned as a subject dealt with by the Rates Branch?
If a railway is considering providing station-to-station rate reductions for a specific commodity, what is the maximum length of time for which these reduced rates can be quoted?
If a railway is considering providing station-to-station rate reductions for a specific commodity, what is the maximum length of time for which these reduced rates can be quoted?
Based on the provided text, what is the main authority responsible for classifying goods for the purpose of determining carriage rates?
Based on the provided text, what is the main authority responsible for classifying goods for the purpose of determining carriage rates?
When a station-to-station rate is quoted for traffic that involves multiple railways, which railway is responsible for quoting the rate?
When a station-to-station rate is quoted for traffic that involves multiple railways, which railway is responsible for quoting the rate?
What is the primary purpose of 'Rate Registers', as mentioned in the text?
What is the primary purpose of 'Rate Registers', as mentioned in the text?
Which of the following falls under the category of 'other charges incidental to or connected with carriage' as defined by Section 30 of the Railways Act, 1989?
Which of the following falls under the category of 'other charges incidental to or connected with carriage' as defined by Section 30 of the Railways Act, 1989?
What is the significance of the 'Railway Tariffs' document in relation to the Rates Branch?
What is the significance of the 'Railway Tariffs' document in relation to the Rates Branch?
What specific power is vested in the Central Government by Section 31 of the Railways Act, 1989 regarding goods transportation rates?
What specific power is vested in the Central Government by Section 31 of the Railways Act, 1989 regarding goods transportation rates?
What should a railway authority do when applying for a rate quotation for goods and coaching traffic?
What should a railway authority do when applying for a rate quotation for goods and coaching traffic?
What should happen if the Board’s Circular/Notification specifies an immediate effect for rate changes?
What should happen if the Board’s Circular/Notification specifies an immediate effect for rate changes?
Which detail is NOT required to be specified in the particulars of the case for special rates?
Which detail is NOT required to be specified in the particulars of the case for special rates?
What is the minimum notice period for a change in rates, when no date is specified in the Board's Circular?
What is the minimum notice period for a change in rates, when no date is specified in the Board's Circular?
In the case of a quotation for rates, which factor must be clear at the time of issuance?
In the case of a quotation for rates, which factor must be clear at the time of issuance?
Under what circumstance can a Railway quote reduced rates for livestock traffic?
Under what circumstance can a Railway quote reduced rates for livestock traffic?
What condition is required for the reduction of wagonload station to station rates for parcel traffic?
What condition is required for the reduction of wagonload station to station rates for parcel traffic?
What should happen when the Railway Administration identifies the need to revise minimum weight conditions for a commodity?
What should happen when the Railway Administration identifies the need to revise minimum weight conditions for a commodity?
What is the maximum time frame allowed for reduced rates to be quoted?
What is the maximum time frame allowed for reduced rates to be quoted?
What financial concurrence is necessary before proposing a reduction in rates for traffic originating from a Railway?
What financial concurrence is necessary before proposing a reduction in rates for traffic originating from a Railway?
Which type of traffic is explicitly excluded from considerations for reduced rates as per the outlined regulations?
Which type of traffic is explicitly excluded from considerations for reduced rates as per the outlined regulations?
What is the major restriction placed on the reduction of rates based on commercial considerations?
What is the major restriction placed on the reduction of rates based on commercial considerations?
Which type of traffic does not require prior intimation of quoted rates to the Railway Board?
Which type of traffic does not require prior intimation of quoted rates to the Railway Board?
What defines a scenario where the Railway Board's prior approval is not required for quoting reduced rates?
What defines a scenario where the Railway Board's prior approval is not required for quoting reduced rates?
Which of the following does NOT fall under the rate-reducing powers of the Railway as described?
Which of the following does NOT fall under the rate-reducing powers of the Railway as described?
What is the maximum duration that reduced rates can be quoted for?
What is the maximum duration that reduced rates can be quoted for?
Which of the following is NOT included in the conditions for quoting station-to-station rates?
Which of the following is NOT included in the conditions for quoting station-to-station rates?
What is the primary legal basis for the Central Government's authority to set rates for passenger and goods transportation on Indian Railways?
What is the primary legal basis for the Central Government's authority to set rates for passenger and goods transportation on Indian Railways?
Which section of the Railways Act of 1989 empowers the Central Government to classify or reclassify goods for rate determination?
Which section of the Railways Act of 1989 empowers the Central Government to classify or reclassify goods for rate determination?
If a railway wants to change rates payable by the public, what is the minimum time period they must allow before the change takes effect when no specific date is mentioned in the Board's circular?
If a railway wants to change rates payable by the public, what is the minimum time period they must allow before the change takes effect when no specific date is mentioned in the Board's circular?
What specific document provides a comprehensive classification of goods and their corresponding tariffs for Indian Railways?
What specific document provides a comprehensive classification of goods and their corresponding tariffs for Indian Railways?
How can railway administrations implement changes to rates?
How can railway administrations implement changes to rates?
Which of the following is NOT a responsibility of the Rates Branch as described in the content?
Which of the following is NOT a responsibility of the Rates Branch as described in the content?
In which scenario would a change in rates take effect immediately?
In which scenario would a change in rates take effect immediately?
What is the primary legal basis for the Railway Administration's ability to charge lump sum rates for the carriage of goods?
What is the primary legal basis for the Railway Administration's ability to charge lump sum rates for the carriage of goods?
What is the primary purpose of publishing the designation of the authority responsible for providing rate information?
What is the primary purpose of publishing the designation of the authority responsible for providing rate information?
What information should be included in a quotation for a rate?
What information should be included in a quotation for a rate?
When a new product is introduced for transportation and its classification is not found in the Goods Tariff, what is the initial action taken by the originating Railway?
When a new product is introduced for transportation and its classification is not found in the Goods Tariff, what is the initial action taken by the originating Railway?
What is the minimum distance for which station-to-station rates can be reduced for goods traffic in trainloads/wagonloads?
What is the minimum distance for which station-to-station rates can be reduced for goods traffic in trainloads/wagonloads?
What is the minimum distance for which station-to-station rates can be reduced for goods traffic in Smalls?
What is the minimum distance for which station-to-station rates can be reduced for goods traffic in Smalls?
Which of the following is NOT a condition for quoting station-to-station rates for parcel traffic?
Which of the following is NOT a condition for quoting station-to-station rates for parcel traffic?
When proposing reduced rates, what must be obtained prior to implementing them?
When proposing reduced rates, what must be obtained prior to implementing them?
What does the term 'lump sum rate' refer to, as defined in the Railway Act, 1989?
What does the term 'lump sum rate' refer to, as defined in the Railway Act, 1989?
Which railway is responsible for obtaining financial concurrence for reduced rates?
Which railway is responsible for obtaining financial concurrence for reduced rates?
According to the text, how frequently should railways review their statistics on traffic moving at reduced rates?
According to the text, how frequently should railways review their statistics on traffic moving at reduced rates?
What is the primary consideration for proposing reduced rates?
What is the primary consideration for proposing reduced rates?
For which type of traffic is reduced station-to-station rates NOT permitted?
For which type of traffic is reduced station-to-station rates NOT permitted?
What type of information should be reported to the Railway Board at the end of each month regarding special rates?
What type of information should be reported to the Railway Board at the end of each month regarding special rates?
What legal authority allows the Railway Administration to charge lump sum rates for carriage of commodities?
What legal authority allows the Railway Administration to charge lump sum rates for carriage of commodities?
Which entity is responsible for reporting reduced rates to the Railway Board?
Which entity is responsible for reporting reduced rates to the Railway Board?
What is the primary purpose of providing special rates by the Railway Administration?
What is the primary purpose of providing special rates by the Railway Administration?
What aspect of rates does the 'Quantum of Earnings' column in the table refer to?
What aspect of rates does the 'Quantum of Earnings' column in the table refer to?
Flashcards
Passenger Fares
Passenger Fares
Charges for transporting passengers on a railway.
Coaching Traffic
Coaching Traffic
Includes services like parcels and luggage transportation.
Concession Tickets
Concession Tickets
Discounted fares for specific passenger categories.
Classification of Goods
Classification of Goods
Signup and view all the flashcards
Central Government's Power
Central Government's Power
Signup and view all the flashcards
Rate Registers
Rate Registers
Signup and view all the flashcards
Demurrage and Wharfage
Demurrage and Wharfage
Signup and view all the flashcards
I.R.C.A Tariffs
I.R.C.A Tariffs
Signup and view all the flashcards
Tentative Classification
Tentative Classification
Signup and view all the flashcards
Wagon Load Rates
Wagon Load Rates
Signup and view all the flashcards
Local Booking
Local Booking
Signup and view all the flashcards
Through Booking
Through Booking
Signup and view all the flashcards
Station to Station Rates
Station to Station Rates
Signup and view all the flashcards
Railway Administration
Railway Administration
Signup and view all the flashcards
Weight Revision
Weight Revision
Signup and view all the flashcards
Special Rates Introduction
Special Rates Introduction
Signup and view all the flashcards
Notice of Rate Change
Notice of Rate Change
Signup and view all the flashcards
Effective Date of Rates
Effective Date of Rates
Signup and view all the flashcards
Authority for Rate Quotes
Authority for Rate Quotes
Signup and view all the flashcards
Quotation Validity
Quotation Validity
Signup and view all the flashcards
Conditions for Quotation
Conditions for Quotation
Signup and view all the flashcards
Rate Reduction Provisions
Rate Reduction Provisions
Signup and view all the flashcards
Class 80 Restrictions
Class 80 Restrictions
Signup and view all the flashcards
Minimum Movement Distance
Minimum Movement Distance
Signup and view all the flashcards
Break of Gauge Transhipment
Break of Gauge Transhipment
Signup and view all the flashcards
Commercial Considerations for Rates
Commercial Considerations for Rates
Signup and view all the flashcards
Incremental Costs
Incremental Costs
Signup and view all the flashcards
Multi-Railway Traffic Quotations
Multi-Railway Traffic Quotations
Signup and view all the flashcards
Rate Quotation Duration
Rate Quotation Duration
Signup and view all the flashcards
Section 32
Section 32
Signup and view all the flashcards
Lump Sum Rate
Lump Sum Rate
Signup and view all the flashcards
Railway Act, 1989
Railway Act, 1989
Signup and view all the flashcards
Special Services
Special Services
Signup and view all the flashcards
Normal Tariff Rate
Normal Tariff Rate
Signup and view all the flashcards
Traffic Statistics
Traffic Statistics
Signup and view all the flashcards
Rate Adjustments
Rate Adjustments
Signup and view all the flashcards
Monthly Reporting
Monthly Reporting
Signup and view all the flashcards
Reduced Rates
Reduced Rates
Signup and view all the flashcards
Earnings Quantum
Earnings Quantum
Signup and view all the flashcards
Change of Rates Notification
Change of Rates Notification
Signup and view all the flashcards
14-Day Notice Requirement
14-Day Notice Requirement
Signup and view all the flashcards
Immediate Effect Clause
Immediate Effect Clause
Signup and view all the flashcards
Rate Quotation Conditions
Rate Quotation Conditions
Signup and view all the flashcards
Quotation of Existing Rates
Quotation of Existing Rates
Signup and view all the flashcards
Railway Board Approval
Railway Board Approval
Signup and view all the flashcards
Reduced Rate Duration
Reduced Rate Duration
Signup and view all the flashcards
Commercial Considerations
Commercial Considerations
Signup and view all the flashcards
Lump Sum Rates Criteria
Lump Sum Rates Criteria
Signup and view all the flashcards
Proposal Initiation
Proposal Initiation
Signup and view all the flashcards
Prior Notification Obligation
Prior Notification Obligation
Signup and view all the flashcards
Specific Traffic Types
Specific Traffic Types
Signup and view all the flashcards
Reduced Rate Reporting
Reduced Rate Reporting
Signup and view all the flashcards
Rate Reduction Powers
Rate Reduction Powers
Signup and view all the flashcards
Goods Traffic Conditions
Goods Traffic Conditions
Signup and view all the flashcards
Goods Traffic Rates
Goods Traffic Rates
Signup and view all the flashcards
Conditions for Rates
Conditions for Rates
Signup and view all the flashcards
Rate Registers Maintenance
Rate Registers Maintenance
Signup and view all the flashcards
Power to Classify Commodities
Power to Classify Commodities
Signup and view all the flashcards
Railway Tariffs
Railway Tariffs
Signup and view all the flashcards
Demurrage Charges
Demurrage Charges
Signup and view all the flashcards
Quotation of Rates
Quotation of Rates
Signup and view all the flashcards
Tentative Classification Process
Tentative Classification Process
Signup and view all the flashcards
Minimum Weight Conditions
Minimum Weight Conditions
Signup and view all the flashcards
Revision of Minimum Weight
Revision of Minimum Weight
Signup and view all the flashcards
Local and Through Booking
Local and Through Booking
Signup and view all the flashcards
Goods Tariff
Goods Tariff
Signup and view all the flashcards
Station to Station Traffic
Station to Station Traffic
Signup and view all the flashcards
Test Weighment
Test Weighment
Signup and view all the flashcards
Station to Station Rate Approval
Station to Station Rate Approval
Signup and view all the flashcards
Goods Rate Reduction Conditions
Goods Rate Reduction Conditions
Signup and view all the flashcards
Class 80 Rate Restriction
Class 80 Rate Restriction
Signup and view all the flashcards
Minimum Distance for Rate Reduction
Minimum Distance for Rate Reduction
Signup and view all the flashcards
Break of Gauge Transhipment Rates
Break of Gauge Transhipment Rates
Signup and view all the flashcards
Commercial Consideration Rates
Commercial Consideration Rates
Signup and view all the flashcards
Incremental Costs in Rate Quotations
Incremental Costs in Rate Quotations
Signup and view all the flashcards
Multi-Railway Traffic Rate Agreement
Multi-Railway Traffic Rate Agreement
Signup and view all the flashcards
Duration for Reduced Rates
Duration for Reduced Rates
Signup and view all the flashcards
Quoting Reduced Rates Procedure
Quoting Reduced Rates Procedure
Signup and view all the flashcards
Station to Station Rate Reduction
Station to Station Rate Reduction
Signup and view all the flashcards
Restricted Rate Goods
Restricted Rate Goods
Signup and view all the flashcards
Reduced Rate Validity
Reduced Rate Validity
Signup and view all the flashcards
Multi-Railway Rate Quotations
Multi-Railway Rate Quotations
Signup and view all the flashcards
Commercial Rate Considerations
Commercial Rate Considerations
Signup and view all the flashcards
Proposal for Rate Quotations
Proposal for Rate Quotations
Signup and view all the flashcards
Reduced Rate Quotation
Reduced Rate Quotation
Signup and view all the flashcards
Lump Sum Wagonload Rates
Lump Sum Wagonload Rates
Signup and view all the flashcards
Eighteen Months Limitation
Eighteen Months Limitation
Signup and view all the flashcards
Prior Notification
Prior Notification
Signup and view all the flashcards
Rate Reduction Conditions
Rate Reduction Conditions
Signup and view all the flashcards
Financial Concurrence
Financial Concurrence
Signup and view all the flashcards
Quota for Goods Traffic
Quota for Goods Traffic
Signup and view all the flashcards
Approval for Reduced Rates
Approval for Reduced Rates
Signup and view all the flashcards
Conditions for Goods Rates
Conditions for Goods Rates
Signup and view all the flashcards
Adjustment of Rates
Adjustment of Rates
Signup and view all the flashcards
Rate Quotation
Rate Quotation
Signup and view all the flashcards
Study Notes
Rates and Fares
- Important subjects include passenger fares, freight rates, concession tickets, and goods classification.
- Conditions related to carriage (risk, minimum weights, packing) are also covered.
- Quotation and maintenance of rate registers, rate adjustments, and cases regarding the Railway Rates Tribunal are key aspects.
- Railway tariffs, distance tables, and departmental notifications are significant considerations.
- Station-to-station rates and lump sum rates are also part of this branch.
Power to Fix Rates
- The Central Government has the power to fix passenger and freight rates, according to Section 30 of the Railways Act of 1989.
- Different rate classifications are possible for various goods types.
- The conditions under which these rates apply are specified in the order.
- The government can also fix incidental charges (demurrage, wharfage) for the whole or part of the railway network.
Classification of Goods
- The power to classify and reclassify goods for rate determination is vested in the Central Government, according to Section 31 of the Railways Act of 1989.
- Rates and charges for various goods (parcels, luggage, passengers) are published in the Indian Railway Conference Association (IRCA) Goods and Coaching Tariffs.
- New commodities not listed in the Goods Tariff may use tentative classifications, pending Railway Board approval.
Minimum Weight Conditions
- Standard minimum weight conditions for wagon loads are detailed in the current IRCA Goods Tariff.
- Railway administrations can propose revisions to minimum weights after conducting test weighments and providing justification (e.g., if needed).
Quotation of Station-to-Station Rates
- Station-to-station rates are permitted based on justification, as per Section 32 of the Railways Act of 1989.
- Proposals require General Manager (GM) and FA & CAO approval.
Conditions for Reduced Rates
- Reductions in rates are restricted for certain commodities—class 80 and below in train/wagonloads; class 150 and below in small goods; coal, coal shale, coke, lignite, patent fuel and livestock; petroleum and other hydrocarbon oils (dangerous and non-dangerous).
- Rates cannot fall below those set for class 80 trainloads/wagonloads, or 150 for small loads.
- Reductions based on commercial considerations are allowed, to increase net profit.
- Rates cover incremental costs associated with increased traffic.
Station-to-Station Rates for Parcel Traffic
- Railway administration can quote lump sum rates for parcel traffic (G.P.A. Scale, CP-1, CP-2), with specific conditions: the rate cannot fall below the CP-2 rate less 10%.
- Quotation is for commercial reasons.
- Proposals are presented to the Railway Board for information.
Quotation of Reduced Rates
- Railway Board approval is required if reduced rates fall below previously approved limits, or are for reasons other than commercial ones (e.g., livestock, coaching traffic (except parcels), certain goods traffic in specific circumstances).
- Reduced rates for specific goods traffic in trainloads/wagonloads moving under 150 KMs or small goods under 500 KMs require Railway Board authorization.
Notice of Rate Enhancement
- Rate changes are announced via a board circular, notification, or letter, specifying the effective date.
- Modifications can take effect 14 days after announcement, unless stated otherwise.
Railway Rates Tribunal
- Procedures, rules, and powers of the Tribunal are detailed in Chapter VII of the Railways Act of 1989.
- Thorough case preparation and consistent Tribunal updates are crucial. Eminent lawyers are vital for important cases.
Eminent Lawyers for Cases
- Hiring experienced legal professionals (e.g., Advocates-General) is essential for cases involving complex financial and legal principles.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.