Home India Tariff Authority for Major Ports In exercise of the powers conferred under Sections 48 49 and...
Date: 2016-05-26 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred under Sections 48 49 and 50 of the Major Port Trusts Act 1963

Issued by Tariff Authority for Major Ports · Not Applicable

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Executive Summary & Key Takeaways

Executive Summary: This document pertains to the extension of the existing Scale of Rates (SOR) for the Jawaharlal Nehru Port Trust (JNPT). The Tariff Authority for Major Ports extends the validity of the current SOR until August 31, 2016, or the implementation date of the revised SOR, whichever comes first. JNPT is required to submit its proposal for general revision of SOR by June 15, 2016. Key Points / Main Content: Extension of Scale of Rates Validity: * The existing SOR of JNPT is extended from its expiry date to August 31, 2016, or until the implementation of the revised SOR, whichever is earlier. JNPT Responsibilities: * JNPT must file its proposal for the general revision of SOR by June 15, 2016. * JNPT had requested the extension due to the impending Annual Closing of Accounts and associated work. Tariff Policy: * Any additional surplus accruing to JNPT beyond April 1, 2016, will be governed by the new Tariff Policy for Major Port Trusts, 2015. Context: * The existing SOR of JNPT was previously approved on April 4, 2014, and notified in the Gazette of India on May 19, 2014, with validity until March 31, 2016. Impact Analysis: Jawaharlal Nehru Port Trust (JNPT): * Impact: JNPT's existing Scale of Rates is extended, allowing continued operations under the current tariff structure for a limited time. The treatment of additional surplus will be governed by the new Tariff Policy for Major Port Trusts, 2015. * Action Required: JNPT must submit its proposal for general revision of SOR by June 15, 2016. Tariff Authority for Major Ports: * Impact: The Authority is responsible for reviewing and disposing of the revised SOR proposal from JNPT. * Action Required: The Authority needs to process the proposal from JNPT upon receipt to determine the revised SOR.

Key Entities Referenced

Tariff Authority for Major Ports: A regulatory body that extends the validity of the existing Scale of Rates for the Jawaharlal Nehru Port Trust. Major Port Trusts Act, 1963: The Act under which the Tariff Authority for Major Ports exercises its powers. Jawaharlal Nehru Port Trust: A major port trust whose Scale of Rates is being extended. Mumbai, Maharashtra: The city where the Tariff Authority for Major Ports issued the notification. T.S. Balasubramanian: Member Finance of the Tariff Authority for Major Ports. Rajat Sachar: Member Economic of the Tariff Authority for Major Ports. Scale of Rates: The rates for services provided by the Jawaharlal Nehru Port Trust, which are being extended. New Delhi: Location where the document was printed and published
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TARIFF AUTHORITY FOR MAJOR PORTS Case No.TAMP/62/2012-JNPT QUORUM (i). Shri. T.S. Balasubramanian, Member (Finance) (ii). Shri. Rajat Sachar, Member (Economic) O R D E R (Passed on this 19th day of May, 2016) This Order relates to the extension of the validity of the existing Scale of Rates of the Jawaharlal Nehru Port Trust (JNPT). 2. The existing Scale of Rates (SOR) of the JNPT was last approved by this Authority vide Order No.TAMP/62/2012-JNPT dated 4 April, 2014 which was notified in the Gazette of India on 19 May, 2014. The Order prescribed the validity of the SOR till 31 March, 2016. 3.1. The JNPT vide its letter dated 1 April, 2016 has intimated that they are in the process of revising their Scale of Rates. However, keeping in view the impending Annual Closing of Accounts and work associated therewith, the JNPT has requested to extend the validity of the existing SOR till 30 September. JNPT has, however, not indicated the time by when it will file the proposal.¹Hkkx IIIµ[k.M 4º Hkkjr dk jkti=k % vlk/kj.k 3 3.2. In view of the submissions made by the Port, the JNPT is allowed time upto 15 June 2016 to file its proposal for general revision of SOR. 3.3. Considering the time required to dispose of the proposal on receipt of the proposal from the JNPT, this Authority extends the validity of existing SOR of JNPT from the date of its expiry to 31 August 2016 or till the effective date of implementation of the revised SOR, whichever is earlier. 4. The treatment of additional surplus, if any, accruing to the JNPT for the period beyond 1 April 2016 will be governed by the new Tariff Policy for Major Port Trusts, 2015. T. S. BALASUBRAMANIAN, Member (Finance) [ADVT.-III/4/Exty./143/16 (122)] 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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