South central Railway published the Revised Passenger Fare and Freight Rates and Freight Structure Rationalization. The new Fare come into effect from 25th June 2014.There shall be no change in charges for reservation fee, super fast surcharge etc. Such charges, wherever applicable, shall continue to be levied additionally as per existing instructions.Service tax will continue to be levied as applicable as per instructions issued in this regard. Following are the details of Freight Rate of Indian Railway.
- A flat 5% increase in freight rates and an additional increase of 1.4% in account of FAC (Fuel adjustment Component) which was due since April 2014. The overall increase in freight rates will be 6.5% approximate for major commodities.
- Withdrawal of short lead concession in charging of freight for all traffic booked upto 100 kms. Minimum distance for charge has been increased from existing 100 kms to 125 kms.
- The number of Low Rated Classes has been reduced from 4 to 3. Certain concession in case of some of these commodities has also been withdrawn.