Open the official PDF on indianrailways.gov.in
| Circular number | FREIGHT MARKETING CIRCULAR No. 10 of 2020 |
|---|---|
| File number | No. 2019/TC(FM) |
| Date | 2020-07-22 |
| Type | Rates Master Circular |
| Topic | freight |
| Directorate | Traffic Commercial (Freight Marketing) |
| Official PDF | indianrailways.gov.in |
JPO for General Purpose Wagon Investment (GPWIS) SCHEME The amount of freight rebate accrued will be transferred by the Traffic Accounts Office of
FREIGHT MARKETING CIRCULAR No. 10 of 2020 भारत सरकार GOVERNMENT OF INDIA रेल मंत्रालय MINISTRY OF RAILWAYS ( रेलवे बोर्ड RAILWAY BOARD ) No. 2019/TC(FM) /4/18-Part(1) Rail Bhavan, New Delhi - 110 001, dated 22.07.2020 Principal Chief Commercial Managers, All Indian Railways. Sub: JPO for General Purpose Wagon Investment (GPWIS) SCHEME. Ref : Freight Marketing Master Circular/GPWIS/2018/0 Vide letter No. 2018/TC(FM)/4/01 dated 26.04.2018 कं ने के कं न के AJPO detailing the process of reimbursement of freight rebate to GPW Investors under General Purpose Wagon Investment Scheme (GPWIS) is enclosed herewith. The receipt of this letter may please be acknowledged DA: As above. #4 (Mudit Chandra) Director Freight Marketing No. 2019/TC(FM) /4/18-Part(1) Rail Bhavan, New Delhi - 110 001, dated 22.07.2020 Copy forwarded to: Principal Financial Advisor, All Indian Railways. He For Financial Commissioner/Railways No. 2019/TC(FM) /4,/18-Part(1) Rail Bhavan, New Delhi - 110 001, dated 22.07.2020 1. The Principal Chief Operations Managers, All Indian Railways. The Managing Director / Chief Commercial Manager, Konkan Railway Corporation Ltd., Belapur Bhawan, Plot no. 6, Sector-11, CBD Belapur, Navi Mumbai - 400014. Page 1 of 2 FREIGHT MARKETING CIRCULAR No. 10 of 2020 3. The Managing Director, Centre for Railway Information System (CRIS), Chanakyapuri, Near National Rail Museum, New Delhi. 4. CAO/FOIS, Centre for Railway Information System (CRIS), Chanakyapuri, Near National Rail Museum, New Delhi. 5. GM/FOIS, Centre for Railway Information System (CRIS), Chanakyap penton National Rail Museum, New Delhi. ae DE (GA (Mudit Chanda Director Freight Marketing मंद नंद KKK Page 2 of 2 Joint Procedure Order ([PO) regarding ‘Reimbursement of Accrued Freight Rebate to GPWIS Investor’ No: 2019/TC(FM)/4/18-Part(1) Date: 22.07.2020 Railway Board vide FMC/GPWI$2018/0 dt. 26.04.2018 had issued guidelines for quarterly reconciliation of freight rebate by the concerned zonal railway to the party with whom the Agreement has been signed as per para 1.1.2 of Chapter IV. The process of disposal of freight rebate accumulated and its transfer to the GPW Investor in every quarter requires co-ordination between Commercial and Accounts departments, as well as liaison with all the loading Zonal Railways. The following guidelines are laid down for collection and transfer of accumulated freight rebate in the investor’s account: 1. At the time of preparation of Railway Receipt (RR), system will calculate the freight rebate to be granted (duly taking into account the Annual Cap on freight rebate). If the payment is being made by the owner of the rake (party), the rebate shall be granted upfront on the RR. Otherwise, the freight rebate will accrue to a Deposit Miscellaneous account of the party. 2. The balance in party’s suspense account, if any, will be transferred to the Bank Account of the party — which will be inclusive of all taxes, as applicable — at the end of each quarter. For example, if =100/- have to be transferred then, assuming that this amount includes 18% GST, the break-up of the amount to be released shall be as under Basic Amount OR 84.75 Add: GST @18% ore 15.25 [दि 100.00 4. Commercial Department of Zonal Railway would prepare a party—wise quarterly statement of traffic performance (MIS of GPWIS freight rebate) after certification of FOIS Data (Proforma enclosed). 5. After the end of each quarter, the party will raise a bill for the freight rebate to be reimbursed on account of RRs prepared for third party/Railway during the quarter. The bill should clearly indicate the break-up amount of GST, as applicable (@ 18%, at current rate). This bill shall be submitted to the Commercial Branch of concerned zonal railway, preferably by the 10th of the first month of the next quarter. Be Pee ¥|20r0 $e 6. The bill would be verified from the MIS of GPWIS module in FOIS and certified by an officer of the Commercial department
Extract shown above; the full text is available in the search app.
Open this circular in the search app · Search all 4,025 documents