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............Occasionally
equipments are given on hire basis for a short period
to the consumers, on request, for which certain hire
charges are payable by the consumers. The prevailing
hire charges were prescribed, vide Departmental Circular
(Commercial) No. 212 dtd. 12.7.1971 in pursuance of
B.R.No. 7394 dated 17.6.1971, as follows:
| 1. |
Rates as specified at Annexure'X' to the Departmental
Circular No. 212 for items/equipments mentioned
therein.
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| 2. |
18%
of the cost of the equipments for the items
not specified/covered in the AnnexureX
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............Now,
the Board vide its Resolution No.1 027 dtd.
11.5.88 has accorded its approval for the revision
of hire charges as follows for Board's materials/equipments
given on hire.
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| 1. |
In
respect of all items given on hire, the
hire charges should be lived @ 2% per
month i.e. @ 24% per annurn based on the
stores issue price of an identical material/equipment
at the time of giving this particular
item on hire.
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| 2. |
A surcharge on he hire charges prescribed
on (1) above should be levied for continued
use of material/equipment by the consumers
as follows:
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| |
(a) |
beyond first six months - 50% |
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(b) |
beyond
first 12 months - 100% |
3. |
The consumer should collect and transport
the material/equipment and return it at
his risk and cost. He should arrange for
transit insurance.
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| 4. |
The
levy of interest shall be 18% per annum
instead of at the present rate of 12%
per annum in case the hirer does not pay
any bill either in full or in part within
the period specified by the Board (Clause
No.6 of hire agreement form).
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............The
above revision shall come into effect from 1 st July
1988.In respect of items given on hire to a period
less than 15 days the rental charges shall be at half
the rate prescribed above and for a period more than
15 days but less than a month, full rates as above
shall be applicable as already intimated vide Circular
(Com. No. 212) dtd. 12.7.71.
............The
consumers who now have Board's equipments with them
on hire basis should be informed suitably through
a letter and a copy of such a letter should be attached
to the agreement.
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Sd/-
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Chief
Engineer (Com)
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