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e-RD- submission of Letter of Credit(LC) in case of goods traffic pertaining to Bangladesh traffic

No.TC-I/2012/101/1 · 2022-09-05

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Circular number	No.TC-I/2012/101/1
Date	2022-09-05
Type	Rates Master Circular
Topic	freight
Directorate	Traffic Commercial (Rates)
Currency	Currency not verified
Official PDF	indianrailways.gov.in

Summary

e-RD- submission of Letter of Credit(LC) in case of goods traffic pertaining to Bangladesh traffic cancelled in case Letter of credit (LC) is not renewed before expiry of LC.

Text of the circular

भारत सरकार GOVERNMENT OF INDIA
रेल मंत्रालय MINISTRY OF RAILWAYS
(रैलवे बोर्ड RAILWAY BOARD)

No.TC-I/2012/101/1 Pt.(3317058) New Delhi, dt.05.09.2022

Pr. Chief Commercial Manager
Pr. Chief Operations Manager
All Zonal Railways

Chief Admn. Officer
FOIS

Sub: e-RD- submission of Letter of Credit(LC) in case of goods traffic pertaining
to Bangladesh traffic
Ref: (i)Addendum No.3 to Rates Master Circular/e-RD/2019/0

(ii)Board’s letter No.TC-I/2019/101/1 Pt.(3316676) dt.31.03.2022

On the above reference and subject, this is clarified that Letter of credit (LC) at the time of
registration of demand should be valid throughout the pendency of indent. The indent stands
cancelled in case Letter of credit (LC) is not renewed before expiry of LC. Customer placing indent
has to ensure renewal of LC before its date of expiry.

In such case of cancelled indents, the refund/forfeiture of Wagon Registration Fee(WRF) be
dealt as per Para 201(15) (c) of Goods Tariff which prescribes for forfeiture of WRF when wagon
indent is cancelled by indentor within ten days from the time of registration. Therefore, in case of
Bangladesh Traffic, if time gap between registration of indent and date of expiry of LC is ten days
or less, then WRF will be forfeited, else WRF will be refunded.

This issues in consultation with Traffic Transportation directorate and with the concurrence
of Finance directorate of Ministry of Railways.

(Anshoo Pandey)
Director, Traffic Commercial (Rates)

Railway Board
Copy to:

EDPG/MR, EDPG/MSR(D), EDPG/MSR(J), OSD/MR

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