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Unit OT 18-35, Level 18, Central Park Towers, Dubai International Financial Centre, Dubai, P.O. Box 18006, United Arab Emirates
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Unit OT 18-35, Level 18, Central Park Towers, Dubai International Financial Centre, Dubai, P.O. Box 18006, United Arab Emirates
Unit OT 18-35, Level 18, Central Park Towers, Dubai International Financial Centre, Dubai, P.O. Box 18006, United Arab Emirates
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23 Jun 2020 / Vizag, India
The Tariff Authority for Major Ports hereby notifies the revised Scale of Rates disposing of the proposal of the Vizag Seaport Private Limited for general revision of its Scale of Rates for the vessels handled by it at berths EQ-8 and EQ-9 at the Visakhapatnam Port Trust…
…This case relates to the proposal received from the Vizag Seaport Private Limited (VSPL) for general revision of its Scale of Rates (SOR) for the vessels handled by it at berths EQ-8 and EQ-9 at the Visakhapatnam Port Trust (VPT).
The VSPL has filed a proposal following Tariff Policy, 2019 for general revision of its SOR. The proposal was taken on consultation with the VPT and the concerned users/ user organisations. The comments furnished by M/s.Steel Authority of India Limited (SAIL) was forwarded to the VSPL as feedback information. The VSPL has responded to the comments of SAIL.
VSPL and VPT were requested to furnish additional information/ clarifications. A joint hearing in this case was held, [at which] the VSPL, the VPT and the concerned users/ organisation bodies made their submissions.
The VSPL has furnished information/clarification. While responding to the additional information/ clarifications, the VSPL has furnished revised proposal comprising revised Form-1 (ARR) and revised Form-4 (Revenue Estimation)…
...The next annual indexation of SOR shall be from the date the revised SOR comes into effect. In short, annual indexation of 1.13% announced by this Authority for the year 2020-21 should be applied to the revised SOR and then implemented…
…The revised SOR will come into force after expiry of 30 days from the date of notification of this Order notifying the SOR in the Gazette of India and shall be valid for a period of 3 years from the date the revised SOR comes into effect.
(For further details and information about operations in India, contact GAC India at [email protected])
Source: Extracts from Tariff Authority for Major Ports Notification No.TAMP/11/2020-VSPL dated 10 June 2020