law: 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).