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of <h1>New rule creates Consumer Welfare Fund for tax, duty and cess income, prescribes committee, accounts, grants and audits</h1> Rule establishes a Consumer Welfare Fund to receive specified tax, duty, cess and investment income under the relevant tax laws, including prescribed percentages of certain refunds. Amounts ordered payable to claimants are disbursed from the Fund; accounts are auditable by the Comptroller and Auditor General. The Government must constitute a Standing Committee to recommend Fund utilisation; the Committee's composition, meeting procedures, quorum and detailed powers (registration, inspection, audits, recovery, grant conditions, investment recommendations, reporting and rejection of applications) are prescribed. Applicants and eligible uses (grants, investments, legal-cost reimbursements, consumer awareness) and application/inquiry requirements are defined.
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