Percentage charges on Excess value.

Percentage Charges on Excess Value (PCEV)

IRCA Coaching Tariff No. 25, P – I, V – III, Rule No. 901

1. Special valuable items :- Gold, Silver, Pearls, Jewellery, Precious stone,

currency notes and coins other than Government treasure, Government

stamps and stamped paper other than Postal stationary and Stamps and

motor cycle / scooter.

2. Payment of percentage charges is compulsory on above articles.

3. Percentage charges are calculated on excess value. After payment of

percentage charges, Railway liability will be up to the declared value.

4. Excess value = Declared value - Railway’s Monetary liability

5. As per Section 103 of Railway Act Railway’s Monetary liability is as under -

a. For Luggage - Rs 100/- per kg.

b. For Parcel / Goods - Rs 50/- per kg.

c. Elephant - Rs 6000/- per animal.

d. Horse - Rs 3000/- per animal.

e. Mule, Horned cattle, Camel - Rs 800/- per animal.

f. Small bird / animal - Rs 120/- per animal / bird

6. Rate for Percentage charges per Rs 100/- :

a. Specials valuable goods and motor cycle / scooter - 13 paisa.

b. Other articles - 25 paisa.

c. Animals – Birds - Rs. 1/-.

7. Formula for calculation of Percentage charges -

= Rate × Part of Rs 100/- of Excess value × Part of Distance of 160 kms.

Note : Minimum Percentage charges for Special valuable goods and motor cycle

/ scooter is Rs 2/- and maximum 1% of the excess value. For Animals – Birds

minimum percentage charges is Rs 2/-.