What is wharfage charge?

What is wharfage charge?

Wharfage is a port duty. It includes both the space allocated on a warm for loading/unloading/storing cargo and the charge levied by the dock owner for space and handling the cargo. The charge is usually included in the base freight rate or the Terminal Handling Charge.

How is wharfage calculated?

Wharfage is calculated in relation to the quantity of revenue tonnes loaded or unloaded at the site. A Revenue Tonne (RT) is the greater of mass or volume measured in units of tonnes, cubic metres or kilolitres.

What is DC charge in railway?

1.0 1. Demurrage Charge is levied for the detention of railway’s rolling stock after the expiry of free time, if any, allowed for such detention.

Who is responsible for wharfage?

The seller, or exporter, is responsible for all costs involved in transporting the goods to the wharf (quay) at the port of destination. The buyer must pay duties, clear customs, and pay the cost and bear the risk of loss from that point forward.

What is the difference between the wharfage and the port charge?

Wharfage is the fee charged by ocean carriers to cover the port authority’s cost of using a wharf to unload cargo from a vessel. Wharfage is usually included in the base freight rate or the Terminal Handling Charge.

What is wharfage?

Definition of wharfage 1a : the provision or the use of a wharf. b : the handling or stowing of goods on a wharf. 2 : the charge for the use of a wharf. 3 : the wharf accommodations of a place : wharves.

Is TDS applicable on wharfage charges?

The Pune bench of the Income Tax Appellate Tribunal (ITAT) has held that the payment of wharfage charges are not subject to TDS under section 196 of the Income Tax Act, 1961.

What is container free time?

Free time is a given amount of time allotted for such pick up. If containers imported or exported are not properly picked up and removed from a port, a terminal, or anywhere else, they start to accumulate charges much like a car parked in a public location accumulating hourly charges.

What is engine on load scheme of Indian Railways?

Under the ‘Engine-on-Load’ operations (EOL), the train engine will remain available during loading or unloading operation in the siding and wait on railway’s account so as to work the train immediately after loading/unloading operation is completed.

What is meant by the term ‘wharfage’ in railways?

“Wharfage” means the charge levied on goods for not removing them from the railway after the expiry of the free time for such removal. 1.1 Wharfage charge should be levied on goods/consignment not removed from railway premises after the expiry of free time (Section VI of Railways Act 1989).

What is the difference between demurrage and wharfage?

“Demurrage” means the charge levied for the detention of any rolling stock after the expiry of free time, if any, allowed for such detention. “Wharfage” means the charge levied on goods for not removing them from the railway after the expiry of the free time for such removal.

What is a notification containing railway (warehousing and wharfage) rules 1958?

A Notification containing Railway (Warehousing and Wharfage) Rules, 1958 was issued by the Central Government on 28-8-1958. These Rules as amended from time to time continue to remain in force. No new order has been issued by the Central Government under Section 30 (2) of the Railways Act, 1989 as it was not considered necessary.

What are the rules of whafage charges/ rates of wharfage charges?

Rules of whafage charges/Rates of Wharfage charges on Motorcycles and Scooter, Birds and Animals, Wharfage charges on delayed consignments. removed within the free time or beyond free time. delayed consignment. 1. For such consignment 3 days free time will be given including the date of