In a bid to facilitate freight customers for timely delivery of goods through freight trains, the Ministry of Railways has introduced the policy regarding Premium Indent. The railway authorities had decided to stipulate the following guidelines regarding the Premium Indent Policy, by inserting few additional guidelines, which are as follows:
The scheme will be optional
In sidings, the freight customer can indicate a date of supply of rakes and also indicate whether he/she will load if the rake is supplied after the due date on normal tariff rate.
A five percent premium shall be required to be paid by the customer on normal freight. This will be deposited in advance.
The premium will be adjusted against the normal freight, in case the supply of the rake to the customer is done later than the indicated date on the indent.
Additionally, in the goods shed, the freight customer will be permitted to place a premium indent. They will receive a priority for allocation on two days as notified under the preferential traffic issued by the Railway Board’s Traffic Transportation directorate from time to time.
The Premium Indent that has been placed once cannot be withdrawn. The indent withdrawal will invite forfeiture of the premium paid.
The Premium Indent Policy will not be applicable to restricted destinations as well as destinations regulated by quota.