Weight only System.

Weight only System:-

1) Application and documents –

The parties desirous of availing this facility will arrange to submit the following dacuments to CCM office.

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

b) Last three years audited balance sheet and the statement of profits & loss a/c.

c) A certificate from the nationalized/Scheduled bank about the credit worthiness of the party.

d) A certificate from the Sr.DCM certifying that siding holders is not habitual defaulters in payment of railway dues and no outstanding freight and siding charges are due against him.

e) Statement of traffic and amount of freight paid for last 12 month.

2) Examination of documents and orders for depositing of security amount.

a) After examination the above documents if the proposal is accepted, the party will be asked to make security deposit, the sum equivalent to 30 days “freight transaction in cash.”.

b) In absence of cash deposit their traffic will be treated as To-pay and therefore the will have to pay surcharge which is leviable on the pay traffic.

c) In case of failure of a party to make payment against bill, after payment of security deposit. The freight will be deducted from security deposit and it will be treated as paid traffic

3) Bill of Weight only system:

The weight only bills will be submitted by the office of the FA & CAO to the Head Office of the firm. Failure to pay freight within 10 days from presentation of bill surcharge will be levied on their traffic and will be treated as To-pay Traffic and privilege of “Weight only System” will be liable to be withdrawn.

4) Agreement: - To avail this facility parties are required to execute an agreement band on non-judicial stamp paper with railways.

5) On “Weight only invoices” only weight and rate are show but fright is calculated by Accounting Office.