date:Sep 30, 2022
Exporters and importers from the Indian hinterland, have a new cost burden coming up: Indian Railways has announced the reintroduction of a 15% peak season surcharge it typically applies from October through June.
The public transporter suspended this levy in 2019 in order to lift sagging loads in the wake of an economic downturn. Indian Railways hopes to acquire additional revenues of approximately US$430 million from this levy.
Indian freight volumes have bounced back strongly from the past