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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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yes, we do recover the same amount from the student/ user as a penalty if the book cant find in the market.
price of books + 20% loss charges (of book price)
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 .
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
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
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)
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.
three times cost of the book..........
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
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