Home India Tariff Authority for Major Ports In exercise of the powers conferred by Section 48 of the Maj...
Date: 2019-06-07 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by Section 48 of the Major Port Trusts Act

Issued by Tariff Authority for Major Ports · Not Applicable

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Executive Summary & Key Takeaways

Executive Summary: This document announces the extension of the validity of the existing Scale of Rates (SOR) for India Gateway Terminal Private Limited (IGTPL) operating at Cochin Port Trust (COPT). The extension is granted to avoid a tariff vacuum while IGTPL formulates a proposal for tariff revision based on the Tariff Guidelines, 2019. IGTPL must file its proposal for general revision of its tariff by May 31, 2019. The extension is valid until September 30, 2019, or until the revised tariff comes into effect, whichever is earlier. Key Points / Main Content: Extension of Validity: * The existing SOR of IGTPL at COPT, previously approved on September 17, 2016, and valid until March 31, 2019, is extended. * The extension is effective from April 1, 2019. * The extended validity lasts for 6 months, until September 30, 2019, or until the implementation of the newly approved tariff, whichever occurs first. Tariff Revision Proposal: * IGTPL is in the process of formulating a proposal for tariff revision based on the Tariff Guidelines, 2019. * IGTPL is required to file its proposal for general revision of its tariff by May 31, 2019. Justification for Extension: * The extension is granted due to IGTPL's ongoing work on the new tariff proposal. * The extension aims to prevent a tariff vacuum during the proposal processing period. Impact Analysis: India Gateway Terminal Private Limited (IGTPL): * Impact: Benefits from continued operation under the existing SOR, allowing time to formulate and submit a revised tariff proposal. * Action Required: Formulate and file a proposal for general revision of its tariff by May 31, 2019. Cochin Port Trust (COPT): * Impact: Ensures continued tariff application for IGTPL operations, avoiding disruption. * Action Required: Await and process the revised tariff proposal from IGTPL. Tariff Authority for Major Ports: * Impact: Responsible for reviewing and approving the revised tariff proposal from IGTPL. * Action Required: Process the tariff revision proposal to be submitted by IGTPL.

Key Entities Referenced

Tariff Authority for Major Ports: A regulatory body responsible for setting and regulating tariffs at major ports in India. Major Port Trusts Act, 1963: An Indian legislation governing the administration and management of major ports in India. India Gateway Terminal Private Limited: A private company operating a terminal at Cochin Port Trust. Cochin Port Trust: A major port trust located in Kochi, Kerala, India. T.S. Balasubramanian: Member Finance at Tariff Authority for Major Ports Rajat Sachar: Member Economic at Tariff Authority for Major Ports Tariff Guidelines, 2019: A broad policy framework for tariff determination. New Delhi, Delhi: Location of the Government of India Press.
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TARRIF AUTHORITY FOR MAJOR PORTS Case No.TAMP/81/2015-IGTPL The India Gateway Terminal Private Limited - - - Applicant QUORUM (i) Shri T.S. Balasubramanian, Member (Finance) (ii) Shri Rajat Sachar, Member (Economic)¹Hkkx IIIµ[k.M 4º Hkkjr dk jkti=k % vlk/kj.k 3 ORDER (Passed on this 3rd day of May 2019) This case relates to the extension of the validity of the existing Scale of Rates of the India Gateway Terminal Private Limited (IGTPL) operating at the Cochin Port Trust (COPT). 2. The existing Scale of Rates (SOR) of IGTPL was approved by this Authority vide Order No.TAMP/81/2015- IGTPL dated 17 September 2016 which was notified in the Gazette of India on 14 October 2016 vide Gazette No.380. Subsequently, a speaking Order was notified vide Gazette No.408 dated 15 November 2016. The Order prescribed the validity of the SOR till 31 March 2019. 3.1. The IGTPL vide its letter dated 25 March 2019 has stated that, the Tariff Guidelines, 2019 is a broad Policy framework. However, IGTPL is in the process of formulating a proposal for revision of tariff based on Tariff Guidelines, 2019 and also agreed to file it at the earliest. 3.2. Accordingly, the IGTPL has requested us to grant an extension of the validity of the existing SOR until implementation of newly approved tariff. 4.1. Since the validity of the existing tariff of IGTPL has expired on 31 March 2019 and based on the request made by IGTPL for the reasons cited by it and considering the time required for processing the proposal (to be) filed by the IGTPL as per Tariff Guidelines, 2019 and in order to avoid a vacuum in the tariff, it is felt appropriate to extend the validity of the existing tariff of IGTPL beyond 31 March 2019. 4.2. Accordingly, this Authority extends the validity of the existing tariff of IGTPL for a period of 6 months i.e. from 01 April 2019 to 30 September 2019 or till the revised tariff comes into effect, whichever is earlier. 4.3. With regard to submission of the proposal, considering that the validity has been extended upto 30 September 2019 and the revised SOR may have to be in place in time, the IGTPL is advised to file its proposal for general revision of its tariff by 31 May 2019. T.S. BALASUBRAMANIAN, Member (Finance) [ADVT.-III/4/Exty./76/19] Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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