Home India Part VI--Section 3a JUDICIAL NOTIFICATIONS - Insolvency Petitions...
Date: 2022-07-27 Category: Not Applicable State: Tamil Nadu Country: India

JUDICIAL NOTIFICATIONS - Insolvency Petitions

Issued by Part VI--Section 3a · Not Applicable

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Executive Summary & Key Takeaways

**Executive Summary** This document is an amendment to a previous notification regarding the scale of rates levied by the Tamil Nadu Maritime Board for construction licenses. The amendment modifies Section XII of the original notification concerning license fees for marine structure construction. The updated rates are effective from the date of publication of this notification in the Tamil Nadu Government Gazette (July 26, 2017). **Key Points / Main Content** * **Amendment Overview:** Modifies Section XII of Notification No. VI-(3a)/233(a)/2008. * **Licence Fee Structure:** * The licence fee applies to the construction of Jetties, Piers, Quays, Wharves, or any other Marine Structure. * The fee is based on the project cost, as specified in the table. * **Fee Table:** * **Slab I:** Project cost less than Rs. 5 Lakhs: 2.5% subject to a minimum of Rs. 12,000/- * **Slab II:** Project cost from Rs. 5 Lakhs to less than Rs. 25 Lakhs: 2% subject to a minimum of Rs. 12,500/- * **Slab III:** Project cost from Rs. 25 Lakhs to less than Rs. 2 Crores: 1% subject to a minimum of Rs. 60,000/- * **Slab IV:** Project cost from Rs. 2 Crores to less than Rs. 25 Crores: 0.2% subject to a minimum of Rs. 2,50,000/- * **Slab V:** Project cost of Rs. 25 Crores and above: Rs. 5,00,000 * **Effective Date:** The amended rates are effective from the date of publication in the Tamil Nadu Government Gazette. **Impact Analysis** **Tamil Nadu Maritime Board** * **Impact:** The Board must implement the updated license fee structure for marine structure construction projects. * **Action Required:** Enforce the new fee structure from the date of publication of this notification. **Construction Companies / Developers** * **Impact:** Construction companies and developers planning or undertaking marine structure projects in Tamil Nadu will have to pay revised license fees based on the new rates. * **Action Required:** Determine project costs accurately and pay license fees according to the amended rates before initiating or continuing construction.

Key Entities Referenced

Tamil Nadu Maritime Board Act, 1995: Governs the powers and functions of the Tamil Nadu Maritime Board. Specifically, Sections 37, 38 and 39 are relevant. Tamil Nadu Maritime Board: The primary entity issuing the notification regarding the scale of rates levied by the board for marine structures. Tamil Nadu Government Gazette: Official publication where the notification and amendment are published. Chennai: Location where the notification originated and is published.
Official Source Record View Original Source →
See Full Document Text
© [Regd. No. TN/CCN/467/2012-14 GOVERNMENT OF TAMIL NADU [R. Dis. No. 197/2009. 2017 [Price : Re. 0.80Paise. TAMIL NADU GOVERNMENT GAZETTE PUBLISHED BY AUTHORITY No. 30] CHENNAI, WEDNESDAY, JULY 26, 2017 Aadi 10, Hevilambi, Thiruvalluvar Aandu–2048 Part VI—Section 3(a) Notifications issued by cost recoverable institutions of State and Central Governments. NOTIFICATIONS BY HEADS OF DEPARTMENTS, ETC. CONTENTS Pages. TAMIL NADU MARITIME BOARD Direction regarding Scale of rates Levied by the Tamil Nadu Maritime Board Amendment to Notification .. .. .. .. .. .. 84 DTP—VI-3(a)-30—1 [83]84 TAMIL NADU GOVERNMENT GAZETTE [Part VI—Sec. 3(a) NOTIFICATIONS BY HEADS OF DEPARTMENTS, ETC. TAMIL NADU MARITIME BOARD Direction regarding Scale of rates Levied by the Tamil Nadu Maritime Board Amendment to Notification (Letter No. 1381/S1/2012) No. VI-3(a)/58/2017. In exercise of the powers conferred by Sections 37, 38 and 39 of Tamil Nadu Maritime Board Act, 1995 (Tamil Nadu Act 4 of 1996) the Tamil Nadu Maritime Board makes the following Amendment to Section XII of the appendix to the Notification No. VI-(3a)/233(a)/2008, published at pages 1-10 in Part VI - Section 3(a) of the Tamil Nadu Government Gazette (No. 285), dated 24-09-2008, with the sanction of Government of Tamil Nadu in G.O.Ms.No. 31, Highways and Minor Ports (HM1) Department, dated 21-04-2017, as follows:– AMENDMENT In the said appendix, for Section XII, the following shall be substituted namely:- SECTION XII Licence fee for construction of Jetties, Piers, Quays, Wharves or any other Marine Structure shall be, at the rates specified in the table below:– TABLE Slab Project Cost Annual Licence Fee collectable for Marine structure (1) (2) (3) I Less than Rs. 5 Lakhs 2.5% subject to a minimum of Rs. 12,000/- II Rs. 5 Lakhs to less than Rs. 25 Lakhs 2% subject to a minimum of Rs. 12,500/- III Rs. 25 Lakhs to less than Rs. 2 Crores 1% subject to a minimum of Rs. 60,000/- IV Rs. 2 Crores to less than Rs. 25 Crores 0.2% subject to a minimum of Rs. 2,50,000/- V Rs. 25 Crores and above Rs. 5,00,000 2. The above rates shall have effect from the date of publication of this notification in the Tamil Nadu Government Gazette. Chennai-600 028, NIRANJAN MARDI, 20th July 2017. Additional Chief Secretary/Vice Chairman and Chief Executive Officer. PRINTED AND PUBLISHED BY THE DIRECTOR OF STATIONERY AND PRINTING, CHENNAI ON BEHALF OF THE GOVERNMENT OF TAMIL NADU.

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