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Port congestion surcharge withdrawn by Railways

Facing a decline in freight volumes, Railways has withdrawn the port congestion surcharge levied on cargo moving to inland, a move aimed at attracting imported coal and iron ore traffic. The port congestion surcharge levy, which is 10 per cent of the basic freight rate, has been withdrawn with immediate effect, according to a railway notification issued on Wednesday. The decision is in line with the Railway Minister Suresh Prabhu’s promise to make rail a competitive mode of transport in comparison to roads, and will be effective till March 2017.
PTI

PTI

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