Tariff Authority for Major Ports (TAMP)
- October 12, 2021
- Posted by: OptimizeIAS Team
- Category: DPN Topics
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Tariff Authority for Major Ports (TAMP)
Subject – Economy
Context – TAMP asks DP World to file proposal on new charges at Vallarpadam terminal
Concept –
- The Tariff Authority for Major Ports, the rate regulator for major ports, has asked DP World-run India Gateway Terminal Pvt Ltd to file a proposal before it to levy new charges on direct port delivery and en-bloc movement of containers, a matter that has roiled the export-import trade in Cochin Port.
- India Gateway Terminal, the entity that runs the International Container Trans-shipment Terminal at Vallarpadam in Cochin Port Trust, had issued a trade notice seeking to levy ₹800 for a 20-foot container and ₹1,200 for a 40-foot container.
About TAMP –
- Tariff Authority for Major Ports (TAMP) is a multi-member statutory body with a mandate to fix tariffs levied by major port trusts under the control of Union Government and private terminals therein.
- It is mandated not only to fix the rates but also the conditionality’s governing application of the rates.
- Section 47-50 of the Major Port Trust Act, 1963 provides the legal backing for TAMP.
- The Board of Port Authority, formed under the Major Ports Authority Bill 2020, will now fix tariffs, which will act as a reference during bidding for public-private-partnership (PPP) projects.
To know about The Major Port Authorities Act 2020, please click here.