India offers freight incentives to boost economy |
Indian Railways have announced certain Freight incentives to give a boost to the economy. The busy season surcharge of 15 per cent on freight, which is levied between 1st of October to 30th June has been deferred. According to the Press release, the 5 percent supplementary charges applicable on loading on mini and two-point rakes has also been waived off. This is likely to boost loading of smaller cargo sizes and help cement, steel, food grains and fertilizers loading. A discount of 25 percent in haulage charge of containers has been given to encourage the movement of empty and flat containers to ports thereby increasing loaded container traffic in return. It is expected to enhance the price-competitiveness of Railway and other modes of transport and expand freight basket by capturing new traffic. Notified commodities are charged at Container Class Rates or CCR, which is 15 percent lower than General Tariff Rates or GTR. Rest of the commodities are charged at Freight All Kind or FAK rates, which are even lower than CCR. Recently, 90 more commodities have been de-notified, which brought down their haulage charge from CCR to FAK rates. Now, out of a total of 635 commodities in Goods Tariff, only 38 commodities are under notified and CCR rates.
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