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Loss of Book

   One library book which was issued to a student cannot be returned by the student due to the lost of the book. The price of the book is Rs. 500/- only. Now the book is not available in the market. Is there any rule to recover the money for the lost book from the student. Please suggest me other ways if any 

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Permalink Reply by Priya Haobijam on September 25, 2014 at 17:17

yes, we do recover the same amount from the student/ user as a penalty if the book cant find in the market.

Permalink Reply by Major Singh Padam on September 25, 2014 at 17:40

price of books + 20% loss charges (of book price)

Permalink Reply by Harin on September 25, 2014 at 18:10

3 times of book price 

ie 500*3= 1500/-

if the book published before 10 years , you have right to pay 5 times of the price .

Permalink Reply by Ram Laut Tyagee on September 25, 2014 at 18:26

We here in Intas recover the current price of the book + 20% as processing charge.
if new book is brought by the patron then 10% of the book price as a fine

Permalink Reply by Babu RT on September 25, 2014 at 18:37
Write a letter to your principal that so and so book is lost by the student with the accession number... and currently unavailable in the market and suggest that we can collect double the cost of the current price of the book. Keep the approval letter in your stack file.
Permalink Reply by JASMER SINGH on September 25, 2014 at 19:49

first You Collect the said amount only after discount available on that book.

Second there is no Rule .Every college /School /University/Institute have its own Rules

Thirdly Make a library policy and library Committee on your institute  

Permalink Reply by Vijay Kumar, Ch on September 25, 2014 at 22:53

Helo mam

You can collect the double cost of the book. and processing charges of the book.(if the book is not available in market/out of print)

Permalink Reply by prabha tendolkar sudagade on September 26, 2014 at 0:28

madam what ever rules you have set for  your library as per that you can charge.Different libraries have different rules considering their  readers. if  he is unable to pay you can deduct from his caution deposit also.

Permalink Reply by Dr. N K Pachauri on September 26, 2014 at 1:14

three times cost of the book..........

Permalink Reply by Ajit P on September 26, 2014 at 22:44

LOST OR DAMAGED BOOKS: 

The borrower is obliged to compensate lost or damaged items either by substituting the material or paying for it. Fines will be calculated, according to the Rates of Fines, from the date due to the date when the material was reported lost.   
If the payment for the lost book is not done as demanded, the controlling authority will have to recover the amount from the salary and sent it to the Central Deposit Centre of the Inst..
The membership will also be forfeited. .   
  
No.     Year of Publication                          Cost Plus Surcharge to be recovered  
1.        Prior to 1940                                      Current publishers Price plus 200% as surcharge.
2.        1940‐1950                                         Current Publishers Price Plus 175% asSurcharge.
3.        1950‐1960                                         Current Publishers price plus 150% as surcharge.   
4.        1960‐1970                                         Current publishers price 140% as Surcharge
5.        1970‐80                                             Current publishers price 125% as Surcharge
6.        1980 -90                                            Current publishers price 50% as Surcharge
7.        1990 onwards                                    Current publishers price 20% as Surcharge

Permalink Reply by Tara Singh Danu on October 6, 2014 at 17:47

It's depend on your school/college policy.

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