Key Developments in the Ports & Shipping Sector

Aug 29,2013

India : The Ministry of Shipping (MoS) has decided to involve the Competition Commission of India (CCI) to ensure that companies do not indulge in cartelisation or any unfair trade practices, once the new guidelines for tariffs at major ports come into force.
 

The revised tariff guidelines are likely to be announced by the shipping ministry by August 2013. Under the new draft guidelines, the companies can set a rate higher or lower than the ceiling set by the Tariff Authority for Major Ports (TAMP). The companies need not take permission from TAMP if they want to charge less that the reference price.


 

But if they want to charge above the reference price, TAMP has to be informed four months in advance. Of this, one month is kept for other companies and stake holders to respond to the proposed tariff. At this point, if the regulatory body apprehends any unfair trade practices, it will refer the matter to the CCI.


 

(Courtesy: Indian Infrastructure)

 

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