Railways Act, 1989
103. Extent of monetary liability in respect of any
consignment.
(1) Where any consignment is entrusted to a railway
administration for carriage by railway and the value of such consignment has
not been declared as required under sub-section (2) by the consignor, the
amount of liability of the railway administration for the, loss, destruction,
damage, deterioration or non-delivery of the consignment shall in no case
exceed such amount calculated with reference to the weight of the consignment
as may be-prescribed, and where such consignment consists of an animal, the
liability shall not exceed such amount as may be prescribed.
(2) Notwithstanding anything contained in sub-section (1) where
the consignor declares the value of any consignment at the time of its
entrustment to a railway administration for carnage by railway, and pays such
percentage charge as may be prescribed on so much of the value of such
consignment as is in excess of the liability of the railway administration as
calculated or specified, as the case may be, under sub-section (1), the
liability of the railway administration for the loss, destruction, damage,
deterioration or non-delivery of such consignment shall not exceed the value so
declared.
(3) The Central Government may, from time to time, by
notification, direct that such, goods as may be specified in the notification
shall not be accepted for carriage by railway unless the value of such goods is
declared and percentage charge is paid as, required under sub-section (2).