Though the notification will hit the revenues of minor port operators, most of which are based in Gujarat, it comes as a boon for major ports as they will be the only ones allowed to import HMS and compact shredded scrap. |
However, as the government has notified a stringent policy for handling of HMS, major port operators feel it will lead to delays in unloading of cargo, thus raising the usual turnaround time of a scrap-loaded ship at the ports. |
"Apparently, this new notification by DGFT is discriminatory as it will harm the interests of minor ports in India," said Sanjay Gupta, president, Gujarat Private Ports, Special Economic Zone Association. |