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| Circular number | Freight Marketing Circular No. 28 of 2020 |
|---|---|
| File number | No. 2019/TC(FM)/04/18-Part(1) |
| Date | 2020-12-18 |
| Type | Rates Master Circular |
| Topic | freight |
| Directorate | Traffic Commercial (Freight Marketing) |
| Official PDF | indianrailways.gov.in |
JPO for General Purpose Wagon Investment Scheme (GPWIS) Scheme The amount of freight rebate accrued will be transferred by the Traffic Accounts
FREIGHT MARKETING CIRCULAR NO. 28 OF 2020 भारत सरकार GOVERNMENT OF INDIA रेल मंत्रालय ~MINISTRY OF RAILWAYS ( रेलवे बोर्ड RAILWAY BOARD ) रेल भवन, नई दिल्ली - 110 001, तिथि No. 2019/TC(FM)/04/18-Part(1) Rail Bhavan, New Delhi-110001,dated 18.12.2020 Principal Chief Commercial Managers, All Indian Railways. Revised JPO for General Purpose Wagon Investment Scheme (GPWIS) Sub : JPO for General Purpose Wagon Investment Scheme (GPWIS) Scheme Ref : (1) Freight Marketing Master Circular/GPWIS/2018/0 vide Letter No. 2018/TC(FM)/4/01 dt. 26.04.2018 (2) JPO issued vide FM Circular No. 10 of 2020 vide Letter of even No. dt. 22.07.2020 OK के ने ने ने ने के JPO detailing the process of reimbursement of freight rebate to General Purpose Wagon Investors under GP WIS, issued vide letters under subject & reference has been reviewed. The revised JPO, superseding the JPO under reference (2) is enclosed herewith. The receipt of this letter may please be acknowledge. -_: / DA : As above. (QA (Mudit chants Exe. Director Freight Marketing No. 2019/TC(FM)/04/18-Part(1) Rail Bhavan, New Delhi-110001,dated 18.12.2020 Copy forwarded to: 1. The Deputy Comptroller & Auditor General of India (Railways), Room No. 224, Rail Bhawan with 36 spares. fe AI Lv for Member Fihantitatiways 2. Principal Financial Advisor, All Indian Railways. No. 2019/TC(FM)/04/18-Part(1) Rail Bhavan, New Delhi-110001,dated 18.12.2020 1. The Principal Chief Operations Manager, All Indian Railways 2. The Managing Director, Centre For Railway Information System (CRIS), Chanakyapuri, Near National Rail Museum, New Delhi 3. CAO/System & GM/FOIS CRIS, Chanakyapuri, New Delhi yA fer ag A (Mudit Chandra) Exe. Director Freight Marketing Joint Procedure Order (JPO) regarding ‘Reimbursement of Accrued Order (JPO) regarding ‘Reimbursement of Accrued Freight Rebate to GPWIS Investor’ No. 2019/TC(FM)/4/18-Part(1) New Delhi, dated 18.12.2020 Railway Board vide FMC/GPWIS/2018/0 dated 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/ Chapter IV of GPWIS policy. The process of disposal of freight rebate accumulated and its transfer to the GPW Investor every quarter requires co-ordination between Commercial and Accounts departments, as well as liaison with all the loading Zonal Railways. Accordingly, a JPO was issued vide this office letter of even No. dated 22.07.2020. However, the GST rates and method of rebate calculation has been reviewed. Hence, the JPO issued vide FM Circular No. 10/2020 dated 22.07.2020 stands revised, and 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 and/or Overall 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 12% GST, the break-up of the amount to be released shall be as under: Basic Amount Rs. 89.28 Add: GST @12% Rs. 10.72 Rs. 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). S. 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
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