Foreign assets disclosure scheme empowers the Central Government to make rules on declarations, payments, calculations, and parliamentary review. Clause 127 grants the Central Government power to make rules by notification for carrying out the Foreign Assets of Small Taxpayers Disclosure Scheme, 2026, including declaration forms and verification, order forms and communication, payment manner and intimation, calculation of asset value and amounts payable, and other prescribed matters; all rules must be laid before both Houses of Parliament for thirty days and may be modified or annulled by them without affecting prior actions under the rule.