Credit Note cum Cheque (CNCC )

Credit Note cum Cheque (CNCC):-

1) Application:-

Railway customer who wants to avail this facility shall give application with following documents to CCM office.

a) Details of name of party, name and address of firm/Branch office/Head office etc.

b) A certificate from the nationalized/scheduled bank about the credit worthiness’ of the party

2) Eligibility Condition:

The application for the facility will not be entertained unless the extent of average monthly business with the railway of the firm or individual is ₹10,000/- or above.

3) Security Deposit:

The individual firm permitted to use CNCC should deposit with the railway’s FA & CAO sum equivalent to 7 days fright with based on the highest transactions in any of the month of the preview 12 months transactions. THE DEPOSIT May be in cash OR Guarantee bond executed by a scheduled bank duly executed on ₹100/- stamped paper.

5) Validity - If will be valid for one year from date of issue.

6) CNC- CNC is a composite document. The upper portion containing the particulars of the consignment from and to, weight rate amount of freight chargeable, particulars of invoice and railway receipt granted. The lower portion being authority of payment it has to be signed by the party duly authorized to issue CNC. It must be drawn upon and made payable by the Banker’s of the firm. The firm should open the A/C, wheel the railway A/C exist otherwise in any nationalized bank.

7) CNC BOOK:- CNC books are stocked in DCM office and issued to firm/individuals on sanction of this facility on payment of ₹100/- per book of 100 foils.

8) Responsibility for CNC Book:- Firms / individuals authorized to use CNC will be responsible for safe custody of the books issued to them . They will intimate name or names of person authorized to sign the CNC and send their specimen signatures, in triplicate to concerned Sr,DCM office..

9) Alteration in CNC - In any conditions no alteration in permitted in CNC. In case any alteration is found to be necessary, the CNC should be cancelled and afresh one issued with correct particular.

10) Depositing CNC in bank - The Chief cashier of concern railway or Divisional Cashier will collect and present the CNC to the Railway Bankers daily along with the Railway cash.