Major Port Authorities (Fixation and Implementation of Scale of Rates, Fees and Conditions) Rules, 2021

Nov 25, 2021 | by TeamLease RegTech Legal Research Team

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Industry Specific Compliance

The Ministry of Ports, Shipping and Waterways on November 22, 2021 issued the Major Port Authorities (Fixation and Implementation of Scale of Rates, Fees and Conditions) Rules, 2021. This shall come into force on November 22, 2021.

The following rules have come into force namely: -

•  Rule 3 which specifies “Scale of rates for assets and services available at major port” has been inserted namely: -

“The Board of each Major Port Authority may from time to time, frame a scale of rates and a statement of conditions.”

• Rule 5 which specifies “Functions of committee constituted by the Board” has been inserted namely: -

“The committee constituted shall, within such period and subject to such conditions, determine the scale of rates, fees and conditions and submit its recommendations in writing to the Board for approval.”

• Rule 7 which specify “Fixation of first scale of rates” has been inserted namely: -

“The Board shall, within a period of one hundred eighty days from the date of commencement of the Act, fix and publish the first scale of rates, fees and conditions or adopt such scale of rates, fees and conditions that were existing immediately prior to the commencement of the Act.”

• Rule 9 which specify “Review and revision in scale of rates, fees and conditions” has been inserted namely: -

“The process for revision in the scale of rates, fees and conditions shall be initiated by the Board at least three months prior to their respective date of expiry.”

 

[Notification No. GSR. 824 (E)]

 

 


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