Indian Railways Premium Indent Policy: In a bid to facilitate simple availability of rakes, Piyush Goyal chaired Railway Ministry has launched Premium Indent Policy. According to the Railway Board, concerning guidelines for the registration of indent, allotment, and provide of wagons, a single can refer to Chapter-II of Goods Traffic. In a statement that was issued on 11.12.2020, the Railway Board had mentioned that the matter was examined. The competent authority had decided to stipulate the following recommendations concerning Premium Indent Policy, by inserting an added para 201 (21) in the Chapter-II of Goods Traffic No. 41 Part-1 (Vol 1) with the beneath-described points:
- According to the Railway Board, the scheme shall be optional.
- In sidings, a date of provide of rakes can be indicated by the buyer. Besides, it can also be indicated by the buyer regardless of whether he will load if the rake is supplied right after due date on Normal tariff price.
- A 5 per cent premium shall be essential to be paid by the buyer on standard freight. This shall be deposited in advance. The premium will be adjusted against the standard freight, in case the provide of the rake to the buyer is carried out later than the indicated date on the indent.
- Also, in the goods shed, the buyer will be permitted to spot premium indent. Priority will be offered to the buyer for allocation on two days as notified below the Preferential Traffic Order that has been issued by Railway Board’s Traffic Transportation directorate from time to time. However, the standard order of priority of indents will be followed on other days.
- According to the board, the Premium Indent that has been placed after, can’t be withdrawn. It additional mentioned indent withdrawal shall invite forfeiture of the premium paid.
- The Railway Board had also described that this Premium Indent Policy will be inapplicable to restricted destinations as effectively as destinations regulated by quota.