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Date: 2015-02-10 Category: Extra Ordinary State: Union Government Country: India

The Tariff Authority for Major Ports hereby extends the validity of the existing Scale of Rates of Visakha Container Terminal Private Limited as in the Order appended hereto.

Issued by Tariff Authority for Major Ports · NOT available

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Executive Summary & Key Takeaways

Executive Summary: This notification concerns the extension of the existing Scale of Rates (SOR) for Visakha Container Terminal Private Limited (VCTPL). The Tariff Authority for Major Ports (TAMP) extends the validity of VCTPL's current rates until March 31, 2015, or the implementation date of the revised rates, whichever occurs first. This extension is granted while TAMP awaits further information regarding the rate revision proposal. Key Points / Main Content: Extension of Existing Scale of Rates: * The validity of VCTPL's existing Scale of Rates (SOR) is extended. * The extension is effective from the previous expiry date (December 31, 2014). * The new expiry date is March 31, 2015, or the implementation date of the revised SOR, whichever is earlier. Background and Rationale: * VCTPL submitted a proposal for revision of the SOR on December 19 and 20, 2013. * Consultations were held with concerned users, including a joint hearing on October 7, 2014. * TAMP is awaiting a reply from VPT (Visakhapatnam Port Trust) on certain queries related to the proposed rate revision. * VCTPL requested the extension due to the delay in notifying the revised SOR. Financial Considerations: * Any additional surplus exceeding admissible costs and permissible returns after April 1, 2014, will be adjusted in the determined tariff during performance review. Impact Analysis: Visakha Container Terminal Private Limited (VCTPL): * Impact: Continued operation under the existing SOR, pending the approval of the revised rates. * Action Required: Continue operations under the extended rates and await notification of the revised SOR. Visakhapatnam Port Trust (VPT): * Impact: Required to provide a response to TAMP's queries regarding VCTPL's proposed rate revision. * Action Required: Furnish the remaining points of the queries to TAMP. Tariff Authority for Major Ports (TAMP): * Impact: Responsible for reviewing VCTPL's proposed rate revision and setting the final tariff. * Action Required: Review VPT's response, finalize the revised SOR, and notify all parties.

Key Entities Referenced

Tariff Authority for Major Ports: Regulatory body responsible for setting tariffs at major ports in India. Major Port Trusts Act, 1963: Indian legislation governing the administration of major ports. Visakha Container Terminal Private Limited: Private company operating a container terminal at Visakhapatnam Port. Visakhapatnam Port Trust: Port authority overseeing the Visakhapatnam Port in Andhra Pradesh, India. T. S. Balasubramanian: Member Finance of the Tariff Authority for Major Ports. Chandra Bhan Singh: Member Economic of the Tariff Authority for Major Ports. New Delhi: Capital of India Mumbai, Maharashtra: City in Maharashtra, location of TARIFF AUTHORITY FOR MAJOR PORTS
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TARIFF AUTHORITY FOR MAJOR PORTS Case No. TAMP/10/2011-VCTPL The Visakha container Terminal Private Limited ...... Applicant QUORUM : ( i) Shri T. S. Balasubramanian, Member (Finance) ( ii) Shri Chandra Bhan Singh, Member (Economic) ORDER (Passed on this 2nd day of January, 2015) This case relates to the extension of the validity of the existing Scale of Rates of the Visakha Container Terminal Private Limited (VCTPL) for the container terminal operated by it at the Visakhapatnam Port Trust. • 2. The existing Scale of Rates (SOR) of VCTPL was last approved by this Authority vide Order No.TAMP/10/ 2011-VCTPL dated 11 October, 2011 which was notified in the Gazette of India on 05 November, 2011. The Order prescribed the validity of the SOR till 31st March, 2014. At the request of the terminal operator this Authority has extended the validity of the existing SOR on couple of occasions; the last extension being till 31 December 2014 vide Order dated 30 September, 2014. 3. The VCTPL has filed its proposal for revision of the SOR vide its letters dated 19 December, 2013, and 20 December, 2013. The proposal has been taken on consultation with the concerned users. 4.1 Joint hearing, as part of the consultative process, was held on 7 October, 2014. As decided at the joint hearing, the VCTPL and VPT were requested vide our letter dated 10 October, 2014 to furnish their reply by 15 October,¹Hkkx IIIµ[k.M 4º Hkkjr dk jkti=k % vlk/kj.k 3 2014 to the-queries raised by us vide our letter dated 1 October, 2014. The VCTPL vide its e-mail dated 5 November 2014 has furnished its reply. The VPT has, however, furnished reply on some points vide its letter dated 5 January , 2015. In view of that the VPT has been requested vide our letter dated 12 January, 2015 to furnish its reply to the remaining points of the queries. Response of the VPT is awaited. In the meantime, the VCTPL, vide its letter dated 5 January, 2015, has stated that since its revised SOR is yet to be notified, the VCTPL has requested this Authority to extend the validity of its existing SOR. 5.1. As mentioned above, the reply of the VPT on some points is awaited. Therefore, it will take some time for the case to mature for final consideration of this Authority. 5.2. As the extended validity of the existing SOR of the VCTPL expired on 31 December, 2014 and in view of the position brought out in para 4.1 and 4.2. above, this Authority extends the validity of the existing SOR of the VCTPL from date of its expiry till 31 March, 2015 or till the effective date of implementation of the revised Scale of Rates, whichever is earlier. 5.3. If any additional surplus over and above the admissible cost and permissible return emerges for the period post 1 April, 2014, during the review of its performance, such additional surplus will be set off fully in the tariff to be determined. T.S. BALASUBRAMANIAN, Member (Finance) [ADVT- III/4/Exty./143/2014(292)] Printed by the Manager, Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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