Central Road Fund: Cess on Petrol & High Speed Diesel
Q. Central Road Fund (CRF) is a fund created out of a cess/tax imposed by the Union Government on -- Published on 11 Nov 15a. Services
b. Petrol and High Speed Diesel
c. Road tax for new car
d. Imported cars
ANSWER: Petrol and High Speed Diesel
- Central Road Fund (CRF) is a non-lapsable fund created under Section 6 of the Central Road Fund Act, 2000 out of a cess/tax imposed by the Union Government on the consumption of Petrol and High Speed Diesel.
- It will help to develop and maintain National Highways, State roads (particularly those of economic importance and which provides inter-state connectivity), rural roads, railway under/over bridges etc.
- A Railway Safety Fund has been set up primarily to channelise the Railways' share of the diesel cess and petrol cess, receivable under the Central Road Fund, for road related railway safety works such as construction of road over/under bridges, subways and for the improvement to level crossings including their manning, interlocking etc.
