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        <title>Tax Updates - Daily Update</title>
        <link>https://www.taxtmi.com</link>
        <description>One stop solution for Direct Taxes and Indirect Taxes and Corporate Laws in India</description>
        <category>Business/Tax/Law/GST/India/Taxation/Policies/Legal/Corporate Tax/Personal Tax/Vat Law/Legal Information/Tax Information/Legal Services/Tax Services</category>
        <copyright>TaxTMI.Com / MS Knowledge Processing Pvt. Ltd. All rights reserved.</copyright>
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        <language>en-us</language>
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        <ttl>60</ttl>
        <item>
<title>Proforma for claiming drawback on re-export of duty paid goods under Section 74 of Customs Act, 1962</title>
<link>https://www.taxtmi.com/acts?id=54795</link>
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<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[The Annexure II proforma records particulars required for claiming drawback on re-export of duty-paid imported goods under section 74 of the Customs Act, 1962 and rule 5 of the Re-export of Imported Goods (Drawback of Customs Duties) Rules, 1995. Required information includes export and import documents, quantity and description, export dates, FOB and market values, use after importation, assessable value, duty payment evidence, supporting documents, drawback calculation, reasons for re-export, and exporter and customs house agent details.]]></description>
<category>Customs</category>
<category>Act-Rules</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Form for claim of drawback under Section 74 of Customs Act, 1962 on goods exported by post</title>
<link>https://www.taxtmi.com/acts?id=54794</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54794</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[The prescribed form supports a drawback claim for customs duties on imported goods re-exported by parcel post. The exporter must state the consignee, goods, values, import particulars, duty paid, drawback claimed, and whether the goods were used, with supporting documents. Customs examines, packs, and seals the parcels; the consignment is forwarded through the post office for verification. The postal appraising officer checks the seals and either passes the parcels for export or detains them for further action. After export, the Foreign Post Office Superintendent certifies the export particulars and forwards the record to the designated customs authority.]]></description>
<category>Customs</category>
<category>Act-Rules</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Proforma of the memorandum of appeal</title>
<link>https://www.taxtmi.com/acts?id=54793</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54793</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[An appeal under section 9C of the Customs Tariff Act, 1975, must be presented to the Appellate Tribunal in the prescribed memorandum format. The form requires details of the appellant, the officer and decision or order challenged, notice address, personal-hearing preference, and reliefs claimed. It must also include a statement of facts, grounds of appeal, signatures of the appellant and authorised representative where applicable, and a verification declaring the truth of the particulars, together with the place and date.]]></description>
<category>Customs</category>
<category>Act-Rules</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Recusal</title>
<link>https://www.taxtmi.com/acts?id=54792</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54792</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Employees must recuse themselves from matters involving a conflicted relationship, including non-participation in discussion or decision, no access to information, and any other manner determined by the competent authority. Conflicted relationship includes matters involving family or professional interests, close friends or associates, material investment interests, and specified investment exposure beyond the prescribed threshold. Material interest is based on non-permitted investment thresholds. Generic regulations and class matters are excluded, doubts may be referred to the specified authority, and disclosures and recusals must be recorded through a digital system and framework.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Options for the employee to deal with non-permitted investment held at the time of joining</title>
<link>https://www.taxtmi.com/acts?id=54791</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54791</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[An employee joining the Board may deal with non-permitted investments held at the time of joining by liquidating them, freezing them during service, filing a trading plan for disposal, or selling them during service without a trading plan only with prior OEC approval. For equity or convertible instruments in a commercial venture, only liquidation or freezing is permitted. If not liquidated, voting rights cannot be exercised, though receipt of equity through corporate action or rights issue is allowed. Family members may continue to hold and dispose of such investments.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Relaxation from restriction on investment by family during the period of service of the employee</title>
<link>https://www.taxtmi.com/acts?id=54790</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54790</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Relaxation from the restriction on investment by an employee's family applies where the spouse acquires or disposes of equity under an employee stock options plan, and inadvertent technical violations by a spouse or dependent family member are not to be treated as misconduct affecting career progression, though monetary penalty may be imposed in appropriate cases. The restriction also does not apply where family members use discretionary portfolio management services with an independent fund manager, or acquire or dispose unlisted securities as part of private business or investment activity. If such unlisted securities are later listed, they may continue to be held, disposed of, or managed through discretionary portfolio management services.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Applicable in case of Special Purpose Vehicle, which is set up for the purpose of raising funds for a person for performing one or more functions entrusted under Article 243W of the Constitution of India</title>
<link>https://www.taxtmi.com/acts?id=54789</link>
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<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Disclosure requirements are prescribed for a special purpose vehicle set up to raise funds for a person performing functions entrusted under Article 243W of the Constitution of India, in connection with a public issue or private placement of municipal debt securities intended for listing. The schedule requires disclosures in the relevant offer document or placement memorandum to be current, sourced, plain in language, cross-referenced, consistent, and free from unsupported forward-looking statements. It covers issuer details, project objects, tax benefits, issue-specific terms, financial information, legal and other information, undertakings, document submissions, and risk factors.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Pooled financing through Special Purpose Vehicle</title>
<link>https://www.taxtmi.com/acts?id=54788</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54788</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Pooled financing through a Special Purpose Vehicle is permitted where the issuer is constituted under the Pooled Finance Development Fund Scheme of the Government of India. Before raising funds, the constituent Municipalities must enter into an agreement with the issuer, and that agreement must be disclosed in the offer document. The Special Purpose Vehicle must be established either as a Trust or as a Company.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
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        <item>
<title>Issuance of Environment, Social and Governance Debt Securities</title>
<link>https://www.taxtmi.com/acts?id=54787</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54787</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Environment, Social and Governance Debt Securities may be issued and listed only by an issuer that complies with the conditions specified for such securities under the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021, together with the circulars issued under those regulations. The provision links ESG debt issuance under the municipal debt securities framework to the applicable non-convertible securities regime.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
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        <item>
<title>Option to company for not engaging merchant banker</title>
<link>https://www.taxtmi.com/acts?id=54786</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54786</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[A company undertaking buy-back may dispense with a merchant banker, but must allocate the merchant banker's functions to specified persons so the buy-back remains compliant. The company must handle the letter of offer, public announcement, final report, funding arrangements, and Companies Act compliance, while the secretarial auditor, statutory auditor, stock exchanges, and compliance officer perform the assigned certification, escrow, verification, and extinguishment-related functions.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Special provisions</title>
<link>https://www.taxtmi.com/acts?id=54679</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54679</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Special provisions are made for an Employees' Enrolment Campaign, 2026, a time-limited framework for employer declaration, online enrolment of eligible employees, waiver of unrecovered employee contribution, payment of specified damages, and regular compliance from the date of declaration. Separate provisions create VISHWAS, 2026 for settlement of contribution-default damages in pending, disputed, or unfinalised cases, subject to remittance of damages, interest, and an undertaking not to pursue further appeal. AMNESTY, 2026 provides retrospective regularisation for exempted establishments and Provident Fund Trusts, subject to application requirements, audits, disclosures, transfer of corpus, and compliance conditions.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Payment of Provident Fund</title>
<link>https://www.taxtmi.com/acts?id=54672</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54672</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Prompt payment of provident fund balances is required when a member's credit becomes payable, and the Commissioner is responsible for making payment under the Scheme. Where no nominee exists, or no person is otherwise entitled to receive the amount, payment may be made to a claimant after enquiry into title if the Fund balance does not exceed the prescribed limit and the Commissioner is satisfied as to entitlement. Special rules apply for minors, persons of unsound mind, posthumous children, and International Workers, including payment to guardians or recognised representatives and credit of amounts to the relevant bank account.]]></description>
<category>TaxLaws</category>
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<category>TaxTMI</category>
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        <item>
<title>Accumulations of deceased member to whom payable</title>
<link>https://www.taxtmi.com/acts?id=54669</link>
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<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[On the death of a member before provident fund accumulations have become payable, or before payment is made, the amount standing to the member's credit is payable to the nominee if a valid nomination subsists. If no nomination subsists, or it covers only part of the credit, the amount is payable in equal shares to the member's family in the prescribed order of dependency. In any other case, the amount is payable to the person legally entitled to it. A posthumous child born alive is treated as a surviving child.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Circumstances in which accumulations in Fund are payable to member</title>
<link>https://www.taxtmi.com/acts?id=54668</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54668</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Employees' Provident Fund accumulations become payable to a member on retirement, incapacity, migration, retrenchment, voluntary retirement, and specified transfer or closure situations, subject to stated conditions. In incapacity cases, the paragraph prescribes medical certification requirements, permits fresh verification where genuineness is doubtful, and treats certain diseases as permanent incapacity. In other cases, withdrawal may be allowed after cessation of employment if the member has not worked in a covered establishment for twelve months, with an exception for female members resigning for marriage; re-employment requires fresh qualification for membership.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Current Account</title>
<link>https://www.taxtmi.com/acts?id=54650</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54650</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[The Commissioner is required to deposit employers' contributions into the Current Account of the Fund by electronic means, including internet banking or other permitted modes. The deposit may be made with the Reserve Bank, the State Bank of India, any other nationalised bank, the PayGov platform, or scheduled banks in India, including private sector banks. The provision concerns maintenance of accounts and identifies the authorised banking channels through which contributions are to be credited to the Fund.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
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        <item>
<title>Fixation of administrative charges or other fee</title>
<link>https://www.taxtmi.com/acts?id=54648</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54648</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Fixation of administrative charges under the Employees' Provident Funds Scheme, 2026 is to be made by the Central Government in consultation with the Central Board, having regard to the resources of the Fund available for meeting normal administrative expenses. The provision also imposes a late fee on the employer for delay in filing any return required under the Scheme, quantified at five hundred rupees per day, subject to a cap linked to the monthly administrative charges payable.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Duties of principal employer and contractor</title>
<link>https://www.taxtmi.com/acts?id=54646</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54646</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[The principal employer must ensure registration of the establishment and declare all contractors in Form X, while the contractor is jointly and severally responsible for payment of contributions and charges for contractual employees. The contractor must notify the principal employer in Form XI within ten days of the close of each month, and the principal employer must furnish a monthly abstract in Form XII to the Commissioner within twenty days. If the required particulars are made available through the dedicated EPFO portal, compliance is deemed satisfied.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Duties of employee</title>
<link>https://www.taxtmi.com/acts?id=54644</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54644</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Every person required or entitled to become a member of the Fund must furnish particulars to the employer or the Employees' Provident Fund Organisation, including Aadhaar Number, Aadhaar-seeded bank account number, Permanent Account Number, and Universal Account Number. The member must also furnish family particulars for nomination and disclose past employment or prior provident fund membership on the specified portal.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Duties of employers</title>
<link>https://www.taxtmi.com/acts?id=54643</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54643</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Employers must file consolidated and monthly electronic returns, including nil returns where applicable, report new members, transfers, exits, ownership details, and contribution data, and maintain and produce prescribed records for inspection. They must facilitate UAN generation and e-passbook access, comply with special return and reporting requirements for international workers, and carry out any general directions issued by the Central Board for implementation of the Scheme.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Levy and Recovery of damages for default</title>
<link>https://www.taxtmi.com/acts?id=54642</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54642</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Damages are leviable and recoverable from an employer who defaults in paying contributions to the Fund, transferring accumulations required under the Code, or paying charges due under the scheme or related conditions. The Central Provident Fund Commissioner, or another authorised officer, may assess and recover damages at specified rates, subject to the limit that the amount recovered cannot exceed the arrears. The same damages framework also applies to defaults covered by paragraph 32-A of the Employees' Provident Funds Scheme, 1952.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Contributions</title>
<link>https://www.taxtmi.com/acts?id=54637</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54637</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Employer and employee contributions under the Employees' Provident Funds Scheme are jointly payable in respect of each member, with the employer's contribution fixed at twelve per cent of wages and the employee's contribution equal to that amount. A lower rate of ten per cent may apply to notified establishments, and the Central Government may specify different employee contribution rates or defer or reduce contributions during a pandemic, endemic or national disaster. Contributions are limited by the notified wage ceiling, calculated on wages actually drawn or payable during the month, rounded to the nearest rupee, with foreign-currency wages converted at the State Bank of India's telegraphic transfer buying rate.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
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        <item>
<title>Cessation and surrender of exemption</title>
<link>https://www.taxtmi.com/acts?id=54635</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54635</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[An exempted establishment may seek surrender of exemption by applying to the appropriate Government, whether the exemption was granted for all employees, a class of employees, or any employee, and this may be done even if no condition of exemption has been violated. Before the application is made, the establishment and the concerned Regional Provident Fund Commissioner must issue a public notice for the information of employees. On receipt of the application, the appropriate Government may permit remittance of contributions into the Fund and process cancellation of the exemption, while the employer and board of trustees transfer accumulations, surplus and reserves to the statutory Fund pending the cancellation order.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Extension of exemption</title>
<link>https://www.taxtmi.com/acts?id=54634</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54634</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Extension of exemption under the Employees' Provident Funds Scheme is initially limited to three years from publication of the exemption notification, and an application for extension must be filed on the specified portal at least six months before expiry. Renewal depends on continued satisfaction of the exemption conditions by the establishment and the Trust, and it remains effective while those conditions continue to be met and the establishment's net worth does not remain negative for three or more consecutive years.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Terms and conditions after exemption</title>
<link>https://www.taxtmi.com/acts?id=54632</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54632</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Exempted establishments must constitute a board of trustees, comply with the specified statutory conditions, maintain electronic accounts and filings, transfer contributions and balances within prescribed timelines, and bear administrative and loss-related obligations. The trustees must declare interest subject to the stated ceiling, invest the fund in dematerialised form through approved depository participants, and ensure annual audit, timely submission of returns, and online claim settlement. Exemption may be cancelled for material breach, and on cancellation, surrender, closure, liquidation, or specified corporate reorganisations, balances and accumulations must be transferred in the manner prescribed.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Retention of membership</title>
<link>https://www.taxtmi.com/acts?id=54629</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54629</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[A member of the Employees' Provident Funds Scheme continues in membership until withdrawal of the amount standing to credit in the Fund or exemption under the governing provisions. An International Worker remains a member until withdrawal, exemption, or settlement of benefits under a social security agreement between India and the country of origin.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Membership of the fund</title>
<link>https://www.taxtmi.com/acts?id=54628</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54628</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Membership of the Employees' Provident Fund Scheme attaches to employees carried forward from the earlier scheme, to employees in covered establishments, and to excluded or exempted employees on ceasing such status. An employee and employer may jointly opt in writing for enrolment or contributions above the wage ceiling, with employer liability for administrative charges and compliance. Similar membership rules apply to International Workers, with additional contribution requirements for workers in countries covered by bilateral social security agreements when detachment benefits are sought.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Staff Provident Fund and other benefits</title>
<link>https://www.taxtmi.com/acts?id=54627</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54627</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[The Staff Provident Fund for Central Board officers and employees, along with the Pension-cum-Gratuity Fund and any other employee benefit fund, is deemed to be constituted under sub-section (4) of section 120 of the Code. The provision integrates these staff welfare funds within the Code's framework by legal deeming.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Definitions</title>
<link>https://www.taxtmi.com/acts?id=54621</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54621</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[The scheme defines the principal terms governing membership, administration, exemptions, and coverage under the Employees' Provident Funds framework. It sets out meanings for authorised signatory, board of trustees, child, Commissioner, Fund, member, principal employer, trustee, and Universal Account Number, and links those expressions to legally recognized roles, documents, and identity numbers used for provident fund administration. The definition of excluded employee covers employees crossing the prescribed wage ceiling and certain International Workers covered by reciprocal or specified bilateral social security arrangements.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Short title, commencement and application</title>
<link>https://www.taxtmi.com/acts?id=54620</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54620</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[The Employees' Provident Funds Scheme, 2026 supersedes the Employees' Provident Funds Scheme, 1952 and comes into force on publication in the Official Gazette. It applies, subject to the Code, to establishments covered by Chapter III of the Code and to specified government or law-created establishments employing the number of employees stated in the First Schedule, where employees are not entitled to contributory provident fund or old age pension under any other applicable scheme or rules.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Special provisions in respect of Employees’ Enrolment Campaign, 2026</title>
<link>https://www.taxtmi.com/acts?id=54708</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54708</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[The Employees' Enrolment Campaign, 2026 specified in the Employees' Provident Funds Scheme, 2026 applies mutatis mutandis to the Employees' Deposit-Linked Insurance Scheme, 2026. The special provision extends the campaign framework into this scheme, so far as its terms are applicable, without creating a separate or inconsistent mechanism.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Renewal of exemption</title>
<link>https://www.taxtmi.com/acts?id=54707</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54707</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Renewal of exemption under the Employees' Deposit-Linked Insurance Scheme, 2026 requires an application for extension on the specified portal at least six months before expiry. Renewal follows if the establishment and the trust continue to satisfy the exemption conditions. The renewed exemption remains in force while those conditions continue, until cancellation or surrender is accepted, or until a reasoned order specifies a date after which renewal ceases to operate and becomes void.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Terms and conditions for grant of exemption</title>
<link>https://www.taxtmi.com/acts?id=54706</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54706</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Exemption from the Employees' Deposit-Linked Insurance Scheme, 2026 may be granted only on conditions including majority employee consent, advance application, and an IRDAI-approved group insurance policy covering all employees. The employer must certify that the policy is more beneficial than the scheme and that no separate employee contribution or premium is payable. Exemption operates prospectively, eligible employees are to be enrolled in the Insurance Fund, and the employer must continue to comply with reporting, inspection, claim-settlement, and benefit-payment obligations.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Mode of payment of assurance amount</title>
<link>https://www.taxtmi.com/acts?id=54702</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54702</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Claimants must submit claims to the Commissioner in the specified form and manner, online or offline, and payment is to be made by electronic funds transfer into the prescribed bank or post office account. Complete claims with required documents must be settled and paid within twenty days; deficiencies must be communicated in writing within twenty days. Delay in settling a complete claim without sufficient cause may attract penal interest at twelve per cent per annum, recoverable from the Commissioner's salary. The Central Board may also authorise payment from the Insurance Fund without a claim, subject to a monetary ceiling.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Assurance benefit to whom payable</title>
<link>https://www.taxtmi.com/acts?id=54701</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54701</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[The assurance benefit is payable to the nominee or nominees named by the member under the provident fund nomination, and such nomination is treated as a nomination under this scheme. If no nomination subsists, or if it covers only part of the credited amount, the remaining amount is payable to the family in equal shares. In the absence of both nomination and family entitlement, the amount is payable to the person legally entitled to it. A person charged with the murder of the member, or abetment of that offence, has the claim suspended until the criminal proceedings conclude.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Scales of assurance benefit and minimum average balance maintained by employee</title>
<link>https://www.taxtmi.com/acts?id=54700</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54700</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Death-linked assurance benefits under the Employees' Deposit-Linked Insurance Scheme are paid to the persons entitled to receive provident fund accumulations, based on the deceased employee's average balance, wages, and prescribed ceilings. The scheme provides a minimum assurance benefit, includes employee and employer contributions with interest in calculating the average balance, and treats the relevant twelve-month period as running backwards from the month preceding death. For continuous service cases, the higher of the wage-linked formula and the ordinary balance-based benefit applies, with gaps of up to sixty days ignored for continuity.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Investment of money of Insurance Fund</title>
<link>https://www.taxtmi.com/acts?id=54692</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54692</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[All money of the Insurance Fund already held with the Central Government in the public account continues in that account, with interest payable at not less than eight and one-half per cent per annum. Subject to that arrangement, all monies standing to the credit of the Insurance Fund and all future credits are to be invested in accordance with the Employees' Provident Funds Scheme, 2026. The Central Government may also prescribe a specific investment pattern for the Insurance Fund.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Administration Account</title>
<link>https://www.taxtmi.com/acts?id=54690</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54690</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[The Administration Account under the Employees' Deposit-Linked Insurance Scheme, 2026 requires the relevant amounts received from employers and inspection charges to be credited to the Insurance Fund Central Administration Account, and all scheme administration expenses to be met from that account. It also provides that the net assets of the corresponding account under the 1976 Scheme shall vest in and stand transferred to the corresponding account under the 2026 Scheme.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Duty of employer</title>
<link>https://www.taxtmi.com/acts?id=54688</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54688</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Every employer must send a consolidated return within fifteen days of commencement, upload monthly electronic details of new members and employees leaving service, assist the Central Board in sanctioned payments from the Insurance Fund, and comply with any further directions issued by the Commissioner for proper implementation of the scheme.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Recovery of damages for default in payment of contribution</title>
<link>https://www.taxtmi.com/acts?id=54686</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54686</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Damages may be recovered from an employer who defaults in payment of contribution to the Insurance Fund or charges under the Code, the rules, or the Scheme. The Commissioner, or an authorised officer, may levy such damages by way of penalty at the rate specified in the Employees' Provident Funds Scheme, 2026. The damages are calculated to the nearest rupee, with fifty paise or more rounded up and a smaller fraction ignored.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Contribution</title>
<link>https://www.taxtmi.com/acts?id=54684</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54684</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Employer contributions to the Deposit Linked Insurance Fund are calculated on the basis of wages, subject to the applicable wage ceiling. The contribution rate is to be notified by the Central Government in consultation with the Central Board, having regard to actuarial valuation of the Insurance Fund. Each contribution is rounded to the nearest rupee, with fifty paise or more counted as the next higher rupee and fractions below fifty paise ignored.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Applications of provisions of Employees’ Provident Funds Scheme, 2026</title>
<link>https://www.taxtmi.com/acts?id=54683</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54683</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Employees' Deposit-Linked Insurance Scheme, 2026 provides that where the scheme contains no provision or an inadequate provision on any matter, the corresponding provisions of the Employees' Provident Funds Scheme, 2026 apply. The provision operates as a supplementary rule of construction, filling gaps in the insurance scheme by incorporating the provident fund scheme for unresolved or insufficiently addressed matters.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Definitions</title>
<link>https://www.taxtmi.com/acts?id=54681</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54681</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Definitions under the Employees' Deposit-Linked Insurance Scheme, 2026 identify the governing Code, define assurance benefit as a payment linked to the average balance in an employee's Provident Fund Account and payable on death while the employee remains a Provident Fund member, and define Insurance Policy as a group insurance policy issued by an Insurance Service Provider. The term Commissioner covers specified provident fund officers, while member and nominee are tied to the Employees' Provident Funds Scheme, 2026 and exempted provident funds. Unspecified terms take meanings from the Code, rules, or the Employees' Provident Funds Scheme, 2026.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Transfer of contribution from employees’ pension scheme, 2026 to exempted or other pension fund and vice –versa</title>
<link>https://www.taxtmi.com/acts?id=54751</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54751</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Proportionate transfer of employees' pension contribution is prescribed for movement between the Employees' Pension Scheme, 2026 and an exempted or other pension fund, and for the reverse transfer. The applicable transfer amount is determined by reference to the number of completed years of contribution and the proportion of wages payable on the last contribution month. The table sets out graduated proportions for successive full-year contribution periods, reflecting the formula to be applied in calculating transfer value under the pension scheme.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Return of contribution on exit from the employment</title>
<link>https://www.taxtmi.com/acts?id=54750</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54750</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Return of contribution on exit from employment under the Employees' Pension Scheme, 2026 is fixed through a slab-wise table that links months of service to a proportion of wages at exit. The proportion rises progressively with longer service periods, beginning at a very small rate for short service and increasing through successive monthly bands. The schedule works as a structured refund formula for separating employees, translating pensionable service length into the corresponding contribution return payable at exit, with the proportion reaching a capped level in the final service bands shown.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Equivalent widow pension</title>
<link>https://www.taxtmi.com/acts?id=54749</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54749</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Equivalent widow pension under the Employees' Pension Scheme, 2026 is determined by a wage-linked table that fixes the monthly pension payable according to the employee's wages on the date of death. The table classifies wages from the lowest slab up to wages of 15,000 or more, and assigns a corresponding equivalent widow pension amount for each wage band. The schedule operates as a graded pension matrix, increasing the pension amount progressively as the wage slab rises, and is referenced for the purposes of paragraphs 15(2)(a)(i) and 15(2)(a)(ii).]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Factor for computation of past service benefit under the ceased family pension scheme for existing members on exit from the employment</title>
<link>https://www.taxtmi.com/acts?id=54748</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54748</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[The Employees' Pension Scheme, 2026 prescribes a graded factor for computing past service benefit under the ceased family pension scheme for existing members on exit from employment. The applicable multiplier increases with years of service, beginning at 1.039 for less than one year and rising through successive service bands up to less than 42 years, where the factor reaches 24.38586. The table functions as the service-based computation scale for the past service component.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Withdrawal Benefit</title>
<link>https://www.taxtmi.com/acts?id=54747</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54747</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Withdrawal benefit under the Employees' Pension Scheme, 2026 is calculated by reference to the number of full years of contribution paid and the proportion of wages payable at cessation of membership. The table sets out a graduated scale under which the applicable proportion increases progressively with completed contribution years, beginning with one year of contribution and rising to forty years of contribution. The scheme therefore ties withdrawal entitlement directly to contribution length for members on cessation of membership.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Special provisions in respect of International Workers</title>
<link>https://www.taxtmi.com/acts?id=54746</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54746</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Special provisions for International Workers under the Employees' Pension Scheme, 2026 determine eligible service by treating actual service as eligible service, and by adding foreign social security coverage where a social security agreement applies. Pensionable wages are based on average monthly wages during the contributory membership period. The Scheme also provides totalisation benefit, withdrawal benefit conditions, and digital disbursement arrangements through designated agencies, while the Commissioner performs agreement-based functions under social security agreements.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Payment of pension in case of person charged with murder</title>
<link>https://www.taxtmi.com/acts?id=54745</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54745</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Pension claims remain suspended where a family member eligible for pension on the death of a member of the Pension Fund is charged with murdering the member or abetting the murder, until the criminal proceedings conclude. If the person is convicted, the person is debarred from receiving pension and the pension becomes payable to other eligible family members. If acquitted, the pension benefit is payable to that person.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Transfer value</title>
<link>https://www.taxtmi.com/acts?id=54742</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54742</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Transfer value is payable when exemption is granted to an establishment, or when a member is moved between the pension fund of an exempted establishment and another exempted establishment's pension fund or the statutory pension fund. The payment comprises withdrawal benefit for past service up to 15 November 1995, calculated under Table I and adjusted by the factors in Table II, together with transfer value for pensionable service under Table V. If exemption is cancelled, transfer of the fund follows the conditions in the exemption notification.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Exemption from operation of Scheme</title>
<link>https://www.taxtmi.com/acts?id=54740</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54740</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Exemption from the operation of the Employees' Pension Scheme, 2026 may be granted if employees are covered by another pension scheme, or by a scheme providing benefits at par with or more favourable than the Scheme. Applications must be made to the Regional Provident Fund Commissioner with the relevant scheme and documents, scrutinised with recommendations of the Central Provident Fund Commissioner, and decided by the appropriate Government. Pending disposal, the employer's share is not remitted to the Pension Fund, and if the application is not decided within six months from receipt of a complete application, the exemption is deemed granted.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Application of Employees' Provident Funds Scheme, 2026</title>
<link>https://www.taxtmi.com/acts?id=54739</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54739</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Paragraph 29 of the Employees' Pension Scheme, 2026 provides that where the Scheme is silent on any matter, the corresponding provisions of the Employees' Provident Funds Scheme, 2026 apply. It functions as a gap-filling mechanism, ensuring that issues not expressly covered by the pension scheme are governed by the matching provident fund provisions and that the two schemes operate in a coordinated manner.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Annual report</title>
<link>https://www.taxtmi.com/acts?id=54738</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54738</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[The Central Board must ensure that the annual report includes a report on the working of the Employees' Pension Scheme, 2026 for the previous financial year, alongside the working of the Employees' Provident Fund Scheme, 2026. The provision establishes a reporting obligation within the annual reporting framework.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Disbursement of pension and other benefits</title>
<link>https://www.taxtmi.com/acts?id=54736</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54736</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Disbursement of pension and other benefits under the Employees' Pension Scheme, 2026 is to be arranged by the Commissioner with the approval of the Central Board through disbursing agencies such as the Post Office, nationalised banks, treasuries, scheduled banks, Regional Rural Banks, or Co-operative Banks, using electronic or digital funds transfer systems. The commission payable to the disbursing agencies and incidental charges are to be met in accordance with paragraph 21 of the Scheme.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Disposal of Fund</title>
<link>https://www.taxtmi.com/acts?id=54731</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54731</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[The Pension Fund under the Employees' Pension Scheme, 2026 is restricted to scheme payments and the continued payment of previously sanctioned benefits under the earlier pension and family pension schemes, with any other use requiring prior Central Government sanction. Administrative expenses are payable from the Central Administration Account, and pension remittance costs are charged to the Pension Fund.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Investment of Pension Fund</title>
<link>https://www.taxtmi.com/acts?id=54730</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54730</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Investment of the Pension Fund is governed by the investment provisions applicable to the Employees' Provident Funds Scheme, 2026. Pension Fund assets already invested in the Public Account of the Government of India continue there, while future Central Government contributions from 1 April 2026 are to be invested in that Public Account with interest payable at not less than eight and one-half per cent.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Duties of employer</title>
<link>https://www.taxtmi.com/acts?id=54728</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54728</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Every employer must, within fifteen days of the Scheme applying, file a consolidated return with employee particulars and wages, or a 'Nil' return where no employee is covered. Employers must also make available electronic records and accounts for inspection, comply with general directions issued for implementation, and maintain records and registers of employees, muster roll, wages, and related particulars.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Payment of pension</title>
<link>https://www.taxtmi.com/acts?id=54727</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54727</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Pension claims under the Employees' Pension Scheme are to be settled and the benefit amount paid within twenty days when the claim is complete and supported by the requisite documents. Deficiencies must be recorded in writing and communicated to the applicant within the same period. If the Commissioner fails without sufficient cause to settle a complete claim within twenty days, liability for delay arises and interest at twelve per cent per annum may be charged on the benefit amount and deducted from salary.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Guarantee of pensionary benefits</title>
<link>https://www.taxtmi.com/acts?id=54726</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54726</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Employees' Pension Scheme, 2026 guarantees that pensionary benefits shall not be denied to any member or beneficiary because of employer non-compliance with paragraph 4(1). The provision protects beneficiary entitlement while expressly preserving the employer's liabilities under the Scheme, so default by the employer does not extinguish the pensionary benefit.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Benefits on death of member</title>
<link>https://www.taxtmi.com/acts?id=54725</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54725</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Monthly family pension is payable from the day after the member's death where death occurs in service, after exit but before superannuation and before pension commencement, or after pension has begun. The scheme prescribes widow pension, children's pension, orphan pension, and minimum pension floors, with payment linked to remarriage, age limits, disability exceptions, and the order of eligible beneficiaries. It also permits nomination and provides for dependent parents or withdrawal benefit in specified cases.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Benefits on permanent and total disablement</title>
<link>https://www.taxtmi.com/acts?id=54724</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54724</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Permanent and total disablement during employment entitles a member to pension under the Employees' Pension Scheme, 2026, subject to a minimum monthly pension and despite not meeting the pensionable service requirement, if at least one month's contribution has been made. The pension starts from the day after disablement and continues for the member's lifetime. The claimant must undergo the medical examination specified by the Central Board to determine permanent and total unfitness for the employment being performed at the time of disablement.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Benefits on leaving service before being eligible for pension</title>
<link>https://www.taxtmi.com/acts?id=54723</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54723</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Employees leaving service before completing the eligible service for pension are entitled to a withdrawal benefit or, if they have not attained superannuation, may opt for a scheme certificate. The withdrawal benefit is calculated using the weighted average of wages at the end of each wage ceiling period. Existing members receive an additional return of contributions for past service under the Employees' Family Pension Scheme, 1971, and the benefit becomes available only after thirty-six months from the date the last contribution became due or on attaining superannuation, whichever is earlier.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Monthly pension</title>
<link>https://www.taxtmi.com/acts?id=54722</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54722</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Monthly pension under the Employees' Pension Scheme, 2026 covers superannuation pension, early pension, deferred pension, and the treatment of members who exit before superannuation. A member with at least ten years of eligible service is entitled to pension on retirement at superannuation age or on earlier cessation of employment, with pension computed by formula for non-existing members and subject to wage-ceiling limits, minimum pension floors, and pro rata treatment for each wage-ceiling period. Early pension is available from fifty years of age with a reduction of four per cent for each year below superannuation age.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Determination of pensionable service</title>
<link>https://www.taxtmi.com/acts?id=54720</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54720</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Pensionable service under the Employees' Pension Scheme, 2026 is determined by reference to the contributions received or receivable in the Pension Fund. For a member who superannuates on attaining the age of superannuation and has rendered twenty years or more of pensionable service, the pensionable service is to be increased by a weightage of two years.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Membership of Employees’ Pension Scheme</title>
<link>https://www.taxtmi.com/acts?id=54717</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54717</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Membership under the Employees' Pension Scheme, 2026 applies to employees who become members of the Employees' Provident Funds Scheme, 2026 or an exempted establishment's provident fund, subject to the notified wage ceiling, and to employees covered by the earlier pension schemes. Membership continues until superannuation, withdrawal of benefits, death, or vesting of pension, whichever occurs first.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Recovery of damages for default in payment of any contributions</title>
<link>https://www.taxtmi.com/acts?id=54716</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54716</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Default by an employer in payment of contributions to the Pension Fund, or in payment of charges payable under the Code or the Scheme, exposes the employer to levy and recovery of damages by way of penalty. The Central Provident Fund Commissioner, or an authorised officer, may assess and recover such damages at the rates specified under the Employees' Provident Funds Scheme, 2026.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Pension Fund</title>
<link>https://www.taxtmi.com/acts?id=54714</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54714</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[The Pension Fund under the Employees' Pension Scheme, 2026 is funded by monthly employer contributions remitted within fifteen days, together with a fixed Central Government contribution subject to prescribed limits. Contributions are capped by the notified wage ceiling, with a higher employer rate applying to eligible members who exercised the joint option under the earlier scheme. Contributions are rounded to the nearest rupee, and the net assets of the erstwhile Employees' Pension Scheme, 1995 vest in and stand transferred to the Pension Fund.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Definitions</title>
<link>https://www.taxtmi.com/acts?id=54712</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54712</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[The Employees' Pension Scheme, 2026 defines the principal terms governing pension coverage, including actual service, contributory service, non-contributory service, past service, member, existing member, eligible family, orphan, International Worker, pension, Scheme, Table, and wage ceiling period. It also defines the Code, Commissioner, and other administrative expressions. The definition of eligible family includes spouse and children, including legally adopted children, and the International Worker definition covers foreign employees in India and Indian employees working in treaty countries, with specified Nepalese and Bhutanese nationals deemed Indian workers.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Data Protection and Processing of Personal Information</title>
<link>https://www.taxtmi.com/acts?id=54785</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54785</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Personal data transferred between the customs authorities of the Parties is subject to a dedicated framework covering definitions, scope, purpose limitation, accuracy, minimisation, storage limitation, security, breach notification, access, rectification, onward disclosure, redress, review, suspension and notification. The data may be used only to establish the authenticity of an origin declaration and may not be further processed incompatibly with that purpose without written approval. The Annexure also requires transparency notices, response time limits, safeguards for onward transfers, and mechanisms for administrative and judicial redress.]]></description>
<category>Customs</category>
<category>Act-Rules</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Framework for the Authentication Process of Origin Declarations</title>
<link>https://www.taxtmi.com/acts?id=54784</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54784</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Authentication of an origin declaration is carried out through an electronic verification process between the United Kingdom customs authority and the customs authority of India. Exporters or producers must provide identity information, send the completed origin declaration to India and the Indian importer, and have the declaration matched against the Indian database of registered United Kingdom exporters and producers. If the information matches, authenticity is established and the importer may claim preferential tariff treatment; if not, the importer cannot claim that treatment and the exporter or producer may restart the process.]]></description>
<category>Customs</category>
<category>Act-Rules</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Certificate of Origin Template</title>
<link>https://www.taxtmi.com/acts?id=54783</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54783</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Certificate of origin template for India-United Kingdom trade under the Comprehensive Economic and Trade Agreement requires completion of exporter, producer, importer, tariff classification, origin criterion, non-alteration, shipment and declaration particulars. The signatory must certify that the goods qualify as originating, that the information is true and accurate, and that supporting origin records and materials will be maintained and produced on request or during verification. The form also states the completion rules for addresses, reference number, and retrospective certification.]]></description>
<category>Customs</category>
<category>Act-Rules</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Origin Declaration Template</title>
<link>https://www.taxtmi.com/acts?id=54782</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54782</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[The origin declaration template for the India-United Kingdom Comprehensive Economic and Trade Agreement requires the signatory exporter or producer to provide identifying particulars, exporter, producer and importer details where known, a reference number, HS tariff classification, description of the goods, invoice particulars, and the applicable origin criterion. It also addresses non-alteration, the roll up or absorption principle, and single or multiple shipments of identical goods. The declaration must be signed and supported by retained origin information and documentation, including where required retrospective completion details.]]></description>
<category>Customs</category>
<category>Act-Rules</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Product Specific Rules of Origin</title>
<link>https://www.taxtmi.com/acts?id=54781</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54781</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Product specific rules of origin are prescribed by chapter, heading and sub-heading, using defined tariff-classification terms, the prefix ex, section notes, tariff-shift criteria, value-content thresholds, and alternative or cumulative requirements. The Annexure defines origin concepts such as WO, CC, CTH, CTSH, QVC, Standard QVC, build-down and build-up methods, ex-works price, free-on-board value, and Melt and Pour. It also includes special rules for chemical reaction, mixing and blending, and product-specific criteria across agricultural, chemical, metal, machinery, textile, transport, and other goods.]]></description>
<category>Customs</category>
<category>Act-Rules</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Working Group on Rules of Origin</title>
<link>https://www.taxtmi.com/acts?id=54780</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54780</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[The Rules establish a Working Group on Rules of Origin composed of government representatives from each Party responsible for origin matters. The group cooperates in the administration and interpretation of the rules, exchanges information, maintains member contact details, considers matters referred by the Subcommittee on Trade in Goods or the Joint Committee, and addresses any other matters it mutually agrees upon. It must meet within twelve months of the Agreement entering into force and thereafter at least once annually, and it reports to the Subcommittee on Trade in Goods.]]></description>
<category>Customs</category>
<category>Act-Rules</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Temporary Suspension of Preferential Tariff Treatment</title>
<link>https://www.taxtmi.com/acts?id=54778</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54778</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Temporary suspension of preferential tariff treatment is allowed where a good has been verified twice and each verification resulted in denial of preferential tariff treatment, subject to advance notice to the exporting Party and specified details of the exporter, good, reasons, period, and restoration measures. The suspension applies only to later imports of the same classified good from the same exporter or producer, lasts only as long as needed to address breaches or circumvention, and may be restored or renewed depending on whether the underlying conditions continue. A separate suspension route applies to future imports where deliberate breaches are suspected, after repeated verification of multiple exporters or producers, consultation through the Working Group on Rules of Origin, and review of the suspension. Compliant goods may be exempted, and release on duty or security during verification is not itself a suspension.]]></description>
<category>Customs</category>
<category>Act-Rules</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Verification of Origin</title>
<link>https://www.taxtmi.com/acts?id=54777</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54777</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Verification of origin follows checking the authenticity of proof of origin. Depending on whether preferential tariff treatment is claimed on the importer's knowledge, an origin declaration, or a certificate of origin, the importing Party may seek information from the importer and, if needed, from the competent authority of the exporting Party within the prescribed time limits. The rule also permits requests for detailed origin-related information, verification reports, additional verification, and exceptional verification visits, with confidentiality safeguards, risk-based selection, final determinations, and cooperation between the Parties.]]></description>
<category>Customs</category>
<category>Act-Rules</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Record Keeping Requirements</title>
<link>https://www.taxtmi.com/acts?id=54776</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54776</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Record keeping obligations apply to claims for preferential tariff treatment under the origin rules. An importer must retain and provide on request the import documentation, including any origin declaration or certificate of origin relied upon, together with records necessary to show originating status, for at least four years from importation or longer if required by law. A producer or exporter must keep similar records for five years from issuance or completion of the origin declaration, or longer if specified by the exporting Party.]]></description>
<category>Customs</category>
<category>Act-Rules</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Refunds and Claims for Preferential Tariff Treatment After Importation</title>
<link>https://www.taxtmi.com/acts?id=54772</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54772</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Late claims for preferential tariff treatment may be made after importation, and excess duties are refundable where the goods would have qualified at importation. The importer must make the claim under rule 16 and provide required importation documents, including an origin declaration if relied on. A late claim must be filed within one year of importation, unless a longer period is allowed by the importing Party's laws and regulations.]]></description>
<category>Customs</category>
<category>Act-Rules</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Determinations of Claims for Preferential Tariff Treatment</title>
<link>https://www.taxtmi.com/acts?id=54771</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54771</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Preferential tariff treatment must be granted for a good arriving in, or released from customs control in, a Party after the Agreement enters into force, where the claim is made in accordance with the Rules. The importing Party may deny the claim if the good is not originating, if verification does not establish origin or compliance, if a requested response is not provided, or if the relevant requirements are not met. Any denial must be issued to the importer with reasons, and may also be shared with the exporting Party's customs authority.]]></description>
<category>Customs</category>
<category>Act-Rules</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Exemptions from Proof of Origin Requirements</title>
<link>https://www.taxtmi.com/acts?id=54770</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54770</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Preferential tariff treatment may be granted without proof of origin documentation where a good is declared as meeting the origin rules and the customs authority has no reasonable doubts about the declaration, provided the importation is within the prescribed low-value threshold or the proof requirements have been waived. The exemption does not apply to importations forming part of a series reasonably considered to have been arranged to evade compliance, and the importer remains responsible for the correctness of the declaration and compliance with the origin requirements.]]></description>
<category>Customs</category>
<category>Act-Rules</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Basis of a Claim for Preferential Tariff Treatment</title>
<link>https://www.taxtmi.com/acts?id=54768</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54768</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Preferential tariff treatment may be claimed on the basis of an importer's knowledge that goods are originating, provided supporting documentation demonstrates origin. Producer declarations must rely on the producer's information, exporter declarations must be supported by information demonstrating origin, and certificates of origin must be issued on the basis of information received from the exporter or producer. The rule also protects confidential information and establishes an authentication process, including electronic exchange of information, to verify the authenticity of origin declarations.]]></description>
<category>Customs</category>
<category>Act-Rules</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Proof of Origin</title>
<link>https://www.taxtmi.com/acts?id=54767</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54767</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Preferential tariff treatment must be supported by an applicable proof of origin. For imports into the United Kingdom, proof may consist of an origin declaration, a certificate of origin, or the importer's knowledge; for imports into India, the proof is an origin declaration by the exporter or producer. Proof of origin must meet prescribed validity, form, language, documentary, and timing requirements, with limited scope for retrospective completion, acceptance after expiry in exceptional circumstances, and use of a single origin declaration for unassembled or disassembled goods imported in multiple shipments.]]></description>
<category>Customs</category>
<category>Act-Rules</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Indirect Materials</title>
<link>https://www.taxtmi.com/acts?id=54765</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54765</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Indirect materials are excluded from the origin analysis for calculating qualifying value content. They are treated as neither originating nor non-originating when applying the QVC formula specified in rule 6, so they do not receive either origin status in the computation.]]></description>
<category>Customs</category>
<category>Act-Rules</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Fungible Goods and Materials</title>
<link>https://www.taxtmi.com/acts?id=54762</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54762</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Fungible goods and materials are treated as originating either by physical segregation or, where commingled, by use of an inventory management method recognised under the generally accepted accounting principles of the Party where production takes place, provided the method is used consistently throughout the fiscal year. The method must distinguish originating from non-originating materials and ensure that no more goods or materials receive originating status than would have resulted from physical segregation. A producer using such a system must keep records sufficient for the competent authority to verify compliance.]]></description>
<category>Customs</category>
<category>Act-Rules</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Tolerance</title>
<link>https://www.taxtmi.com/acts?id=54761</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54761</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Originating status may be preserved for a good containing non-originating materials where the relevant tolerance threshold is met and all other applicable requirements are satisfied. The permitted tolerance is 7.5 per cent for certain specified chapters and 12.5 per cent for other specified chapters, with Chapter 25 to 98 goods subject to a 12.5 per cent value threshold. If a good is also subject to a qualifying value content requirement, the value of non-originating materials must be included in that calculation.]]></description>
<category>Customs</category>
<category>Act-Rules</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Cumulation</title>
<link>https://www.taxtmi.com/acts?id=54760</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54760</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Originating goods or materials from one Party, when incorporated into production in the territory of the other Party and meeting the origin criteria and other applicable requirements, are treated as originating in the territory of the other Party. The rule establishes a cumulation mechanism for determining origin under the customs tariff origin rules, preserving originating status for qualifying inputs used in cross-border production between the two Parties.]]></description>
<category>Customs</category>
<category>Act-Rules</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Qualifying Value Content</title>
<link>https://www.taxtmi.com/acts?id=54757</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54757</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Qualifying value content for originating goods may be calculated by either the Build-Down Method or the Build-Up Method, using the value of non-originating materials or originating materials respectively, as a percentage of the value of the good. The value of materials depends on whether they are imported, acquired locally, or self-produced, and may include transport costs, general expenses, and the earliest ascertainable price. Additional freight, duty, tax, brokerage, waste, and spoilage adjustments may be added or deducted, but no adjustment is allowed without documentary evidence.]]></description>
<category>Customs</category>
<category>Act-Rules</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Value of the Good</title>
<link>https://www.taxtmi.com/acts?id=54756</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54756</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Value of the good for origin determination under the customs origin rules may be expressed as either ex-works price or free-on-board value. The ex-works price may be the price paid or payable to the producer at the place of last production, or the price paid or payable when sold for export, and where no sufficient price exists it must include materials and production costs, with possible allocation of general expenses and profit. Internal taxes repayable on export and post-production costs are excluded, while the free-on-board value includes the price to the exporter at loading onto the carrier and the costs needed to bring the good onto the carrier.]]></description>
<category>Customs</category>
<category>Act-Rules</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Wholly Obtained</title>
<link>https://www.taxtmi.com/acts?id=54755</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54755</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Rule 4 specifies when goods are treated as wholly obtained or produced in one or both Parties for origin purposes. It covers extracted minerals and natural resources, plant goods grown or gathered there, live animals born and raised there, goods obtained from such animals, goods from hunting, fishing or aquaculture within territorial limits, marine life taken by registered vessels entitled to fly the Party's flag, and goods produced exclusively from those listed inputs.]]></description>
<category>Customs</category>
<category>Act-Rules</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Origin Criteria</title>
<link>https://www.taxtmi.com/acts?id=54754</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54754</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Origin criteria under the Customs Tariff rules provide that a good is originating where it is wholly obtained or produced entirely in the territory of one or both Parties, produced entirely from originating materials, or produced in the territory of one or both Parties using non-originating materials and meeting all applicable requirements of Annexure-A. In each case, the good must also satisfy the remaining requirements of the rules.]]></description>
<category>Customs</category>
<category>Act-Rules</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Definitions</title>
<link>https://www.taxtmi.com/acts?id=54753</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54753</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Rule 2 defines the key terms used for origin determination under the Customs Tariff Rules for the India-United Kingdom Comprehensive Economic and Trade Agreement. The definitions cover the Agreement, competent authority, exporter, producer, production, originating and non-originating goods or materials, indirect material, tariff classification, territorial sea, and the Working Group on Rules of Origin. Production is defined broadly, while simple assembly is excluded and separately explained as activity not requiring special skills or specialised machinery or equipment.]]></description>
<category>Customs</category>
<category>Act-Rules</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Confidentiality</title>
<link>https://www.taxtmi.com/acts?id=54779</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54779</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Confidential information collected under the origin-determination rules is protected from disclosure where access would impede law enforcement, contravene applicable law, or prejudice the competitive position of the person concerned. The Parties must use or disclose such information only for the administration and enforcement of origin determination or customs matters, unless the provider consents. Where domestic law requires disclosure, notice should be given where possible, preferably in advance.]]></description>
<category>Customs</category>
<category>Act-Rules</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Penalties</title>
<link>https://www.taxtmi.com/acts?id=54775</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54775</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Penalties under the Customs Tariff rules require each Party to adopt or maintain measures imposing, where appropriate, criminal, civil, or administrative penalties for violations of its laws and regulations relating to these rules. The provision establishes a compliance enforcement framework tied to breaches of the origin rules and leaves the form of penalty to the Party's domestic legal measures, as appropriate.]]></description>
<category>Customs</category>
<category>Act-Rules</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Errors and Discrepancies</title>
<link>https://www.taxtmi.com/acts?id=54774</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54774</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[A proof of origin is not to be rejected for minor errors, discrepancies, omissions, typing mistakes or formatting defects if they do not create doubt about originating status. If the customs authority finds the proof of origin illegible or defective on its face, the importer must be given thirty days from communication to provide a corrected copy.]]></description>
<category>Customs</category>
<category>Act-Rules</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Incorrect Claims for Preferential Tariff Treatment</title>
<link>https://www.taxtmi.com/acts?id=54773</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54773</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Incorrect claims for preferential tariff treatment must be corrected promptly when the importer believes supporting information is inaccurate and may affect the claim's validity. The importer must amend the import documentation, notify the customs authority of the importing Party, and pay any customs duty and applicable penalties. Voluntary notification before discovery of the error is to be treated as a significant mitigating factor when penalties are considered, provided the importer has rectified the error and paid the duty.]]></description>
<category>Customs</category>
<category>Act-Rules</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Certificate of Origin</title>
<link>https://www.taxtmi.com/acts?id=54769</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54769</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Certificate of origin for goods under the origin rules must be issued by an authorised issuing authority. India must exchange the names of the issuing authorities and their specimen seals with His Majesty's Revenue and Customs, and promptly notify any change in those names or seals.]]></description>
<category>Customs</category>
<category>Act-Rules</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Non-Alteration</title>
<link>https://www.taxtmi.com/acts?id=54766</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54766</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Originating goods retain originating status if transported to the importing Party without passing through a non-Party. Where transport or storage occurs in a non-Party, the goods must remain under customs control, must not be released into free circulation or trade, and must undergo no further production or other operation except unloading, reloading, splitting, separation, storing, labelling, marking, bottling, or preservation measures. Bottling in a non-Party is limited to filling from bulk goods of heading 2208, including mere dilution with water that does not alter origin.]]></description>
<category>Customs</category>
<category>Act-Rules</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Packaging and Packing Materials</title>
<link>https://www.taxtmi.com/acts?id=54764</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54764</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Packaging and packing materials and containers classified with a good for retail sale are disregarded in determining whether the good satisfies a process requirement, tariff classification change requirement, or wholly obtained requirement, but are counted as originating or non-originating materials when calculating QVC. Packaging and packing materials and containers used only for shipment are disregarded in determining origin.]]></description>
<category>Customs</category>
<category>Act-Rules</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Accessories, Spare Parts or Tools</title>
<link>https://www.taxtmi.com/acts?id=54763</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54763</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Accessories, spare parts, tools and instructional or other information materials presented with a good are treated specially for origin purposes under the Customs Tariff rules. Their origin is disregarded for process, tariff classification and wholly obtained tests, but they are counted in qualifying value content calculations where applicable. This applies only if they are not invoiced separately from the good and their quantities and value are customary for that good.]]></description>
<category>Customs</category>
<category>Act-Rules</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Non-Qualifying Operations</title>
<link>https://www.taxtmi.com/acts?id=54759</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54759</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Origin status under the India-United Kingdom trade agreement rules is denied where a good undergoes only non-qualifying operations in a Party's territory. These include preservation, packaging changes, washing and cleaning, simple painting or polishing, basic sorting, simple assembly or disassembly, testing, dilution that does not materially alter the good, and any combination of such operations. A "simple" activity is one that requires neither special skills nor specially produced or installed machinery or equipment.]]></description>
<category>Customs</category>
<category>Act-Rules</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Materials Used in Production</title>
<link>https://www.taxtmi.com/acts?id=54758</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54758</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Treatment of non-originating materials in production allows a material to become originating when further production satisfies the applicable origin requirements, even if produced by another producer. For qualifying value content, the rule permits counting the value of processing undertaken in the exporting party's territory and the value of originating materials used in producing the non-originating material within the territory of one or both Parties.]]></description>
<category>Customs</category>
<category>Act-Rules</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Short title and commencement</title>
<link>https://www.taxtmi.com/acts?id=54752</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54752</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[The Customs Tariff (Determination of Origin of Goods under Comprehensive Economic and Trade Agreement between India and the United Kingdom of Great Britain and Northern Ireland) Rules, 2026 are framed under the Customs Tariff Act, 1975. They prescribe the short title of the rules and fix their commencement date as 15 July 2026.]]></description>
<category>Customs</category>
<category>Act-Rules</category>
<category>TaxLaws</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Interpretation</title>
<link>https://www.taxtmi.com/acts?id=54744</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54744</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Where doubt arises in interpreting the provisions of the Employees' Pension Scheme, 2026, the matter must be referred to the Central Government for decision. The provision assigns the Central Government the role of interpretative authority for resolving ambiguity under the Scheme and settling questions on construction of its terms.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Information to Central Government</title>
<link>https://www.taxtmi.com/acts?id=54743</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54743</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[The Central Board must furnish to the Central Government, from time to time, information relating to the income and expenditure of the Pension Fund Account whenever directed by the Central Government. The provision creates a continuing disclosure obligation and enables governmental oversight through periodic reporting on the financial position of the Pension Fund Account.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Submission of return</title>
<link>https://www.taxtmi.com/acts?id=54741</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54741</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[The employer of an exempted establishment or class of establishments, together with the board of trustees of such exempted establishment or class of establishments, is required to submit a monthly return to the Commissioner in the form appended to the Scheme. The provision imposes a continuing reporting obligation on exempted establishments and their trustees and specifies both the frequency of submission and the prescribed format for compliance.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Registers, records, etc.</title>
<link>https://www.taxtmi.com/acts?id=54737</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54737</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[The Commissioner, with the approval of the Central Board, may specify the registers and records to be maintained for employees, the form or design of identity cards, tokens or discs for identifying an employee, nominee or family member entitled to pension, and other forms or formalities connected with the grant or continuance of pension and other benefits, subject to periodical verification.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Valuation of Pension Fund</title>
<link>https://www.taxtmi.com/acts?id=54735</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54735</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[The annual valuation of the Pension Fund is to be made by a valuer appointed by the Central Government. Where the Pension Fund permits, the Central Government may alter the rate of contributions payable, modify the scale of benefits admissible, or change the period for which such benefit may be given.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Rounding up of benefits</title>
<link>https://www.taxtmi.com/acts?id=54734</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54734</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Rounding up of benefits under the Employees' Pension Scheme, 2026 is governed by a rule requiring all benefit amounts to be calculated to the nearest rupee. Any amount of fifty paise or more must be treated as the next higher rupee, while any fraction below fifty paise is to be ignored. The provision establishes a simple computational mechanism for benefit determination and standardises the treatment of fractional amounts, ensuring uniform rounding across all items of pension-related benefits.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Audit</title>
<link>https://www.taxtmi.com/acts?id=54733</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54733</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[The accounts of the Pension Fund, including administrative expenses incurred in operating the Employees' Pension Scheme, 2026, are required to be audited in accordance with instructions issued by the Central Government in consultation with the Comptroller and Auditor-General of India. The provision establishes an audit requirement for the Pension Fund and extends that scrutiny to the Scheme's administrative expenditure.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Maintenance of accounts</title>
<link>https://www.taxtmi.com/acts?id=54732</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54732</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[The Central Board must maintain, for the Employees' Pension Scheme, 2026, a consolidated income and expenditure account and a consolidated balance sheet in the common format of annual accounts approved by the Central Government. The provision establishes a unified accounting framework for the Scheme.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Employer to furnish particulars of ownership</title>
<link>https://www.taxtmi.com/acts?id=54729</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54729</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Employer in relation to an establishment covered by the Code and the Employees' Pension Scheme, 2026 must furnish to the Commissioner particulars of ownership and control. The disclosure must include all branches and departments, and the names and details of owners, occupiers, directors, partners, managers, and any other persons having the ultimate control over the affairs of the establishment. The provision establishes a compliance obligation for disclosure of the establishment's full management structure.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Determination of pensionable wages</title>
<link>https://www.taxtmi.com/acts?id=54721</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54721</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Pensionable wages are computed as the average monthly wages drawn during the sixty months immediately preceding exit from membership, on a time-rate or piece-rate basis, subject to the applicable wage ceiling. If full wages were not received during that period, the average of the full wages drawn during the preceding sixty months for which contribution to the Pension Fund was recovered is used. Where non-contributory periods exist, wages drawn are divided by the days worked and multiplied by thirty, and pensionable wages are capped at the notified monthly ceiling.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Determination of eligible service</title>
<link>https://www.taxtmi.com/acts?id=54719</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54719</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Eligible service under the Employees' Pension Scheme is based on contributory service for a member other than an existing member, with service of six months or more counted as one year and shorter service ignored. Seasonal employees' contributory service in any year is treated as a full year. For an existing member, eligible service is the aggregate of contributory service and past service, with past service counted where the corresponding contributions have been received in the Pension Fund, and any aggregate of less than six months ignored.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Resolution of doubts</title>
<link>https://www.taxtmi.com/acts?id=54718</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54718</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Where doubt arises about an employee's entitlement to become a member of the Pension Fund, the matter must be referred to the Regional Provident Fund Commissioner for decision. Before the final order is passed, both the employer and the employee must be afforded an opportunity of being heard. The provision creates an administrative mechanism for resolving membership doubts under the Employees' Pension Scheme, 2026, with procedural fairness through hearing of both parties.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Payment of contribution</title>
<link>https://www.taxtmi.com/acts?id=54715</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54715</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[The payment of contribution under the Employees' Pension Scheme, 2026 requires the employer to pay the contribution payable to the Pension Fund for each member employed by that employer, whether engaged directly or through a contractor. Responsibility for payment is placed on the principal employer, making the principal employer accountable for contributions payable to the Pension Fund even where employment is through contractors.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Pension Fund Account</title>
<link>https://www.taxtmi.com/acts?id=54713</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54713</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Employees' Pension Scheme, 2026 continues the erstwhile Employees' Pension Fund Account maintained under the Employees' Pension Scheme, 1995 as the Pension Fund Account under the new Scheme. The provision preserves the existing pension fund account structure by carrying it forward without creating a different account mechanism.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Short title, commencement and application</title>
<link>https://www.taxtmi.com/acts?id=54711</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54711</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Employees' Pension Scheme, 2026 is notified by the Central Government under the Code on Social Security, 2020, superseding the Employees' Family Pension Scheme, 1971 and the Employees' Pension Scheme, 1995, subject to prior acts or omissions. The Scheme takes effect on publication in the Official Gazette and applies, subject to section 20 of the Code, to employees of establishments covered by Chapter III under the specified provisions of section 1.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Writing off of losses</title>
<link>https://www.taxtmi.com/acts?id=54710</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54710</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Writing off of irrecoverable dues under the Employees' Deposit-Linked Insurance Scheme, 2026 is permitted where the Central Board is satisfied that contribution, cess, interest or damages due under the Code cannot be recovered. The power is discretionary and must be exercised with due regard to the facts and circumstances of each case and to the overall financial condition of the fund.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Transition provisions</title>
<link>https://www.taxtmi.com/acts?id=54709</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54709</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Transition provisions under the Employees' Deposit-Linked Insurance Scheme, 2026 preserve the validity of existing exemptions granted under the Employees' Deposit-Linked Insurance Scheme, 1976 and allow renewal applications. Establishments not covered by the saved exemptions must comply as un-exempted establishments and start monthly contributions from the first day of the month following expiry of the exemption, or from the commencement of the scheme, as applicable.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Special provision for claims under Employees’ Deposit-Linked Insurance Scheme, 1976</title>
<link>https://www.taxtmi.com/acts?id=54705</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54705</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Entitlement to assurance benefit under the Employees' Deposit-Linked Insurance Scheme is determined by the benefit structure applicable on the date of eligibility. For a member of the Employees' Provident Funds Scheme, 1952 who dies before commencement of the scheme but whose claim is received later, the claim is governed by the entitlement applicable on the date of death, and the Insurance Fund provides the same benefit as under the earlier insurance scheme unless the Central Government specifies otherwise.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Annual Report</title>
<link>https://www.taxtmi.com/acts?id=54704</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54704</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[The Central Board must approve and submit an annual report on the working of the Employees' Deposit-Linked Insurance Scheme for the previous financial year. Approval is to be completed before the tenth of December each year, and submission to the Central Government must be made before the twentieth of December each year, establishing a fixed yearly reporting timetable for scheme oversight and administrative review.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Registers, records, etc.</title>
<link>https://www.taxtmi.com/acts?id=54703</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54703</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Employers of an establishment must maintain records and registers in the form and manner specified by the appropriate Government, electronically or otherwise, containing particulars relating to persons employed, muster roll, wages, and other details required under the rules. The provision creates an ongoing record-keeping obligation linked to scheme compliance.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Budget</title>
<link>https://www.taxtmi.com/acts?id=54699</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54699</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[The budgetary process under the Employees' Deposit-Linked Insurance Scheme, 2026 requires the Central Provident Fund Commissioner to place an annual budget before the Central Board showing receipts, administrative charges, and proposed expenditure for the following financial year. The approved budget is then submitted to the Central Government, which may modify it. The Commissioner may also make limited re-appropriation within the sanctioned amount, place a supplementary budget for unavoidable expenditure not covered, and report any excess expenditure beyond sanctioned limits for consideration and Central Government sanction.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Valuation of Insurance Fund</title>
<link>https://www.taxtmi.com/acts?id=54698</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54698</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[The Central Board, with prior approval of the Central Government, must appoint a valuer every three years to assess the Insurance Fund's sustainability, solvency, and the adequacy of the contribution rate and benefit structure. The Central Government may direct valuation at other times and may, in consultation with the Central Board, alter the rate of contribution, scale of benefits, or benefit period under the scheme.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Audit</title>
<link>https://www.taxtmi.com/acts?id=54697</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54697</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[The Insurance Fund, including the Insurance Fund Central Administration Account, is to be audited in accordance with instructions issued by the Central Government in consultation with the Comptroller and Auditor General of India. The charges on account of audit are to be paid out of the Insurance Fund Central Administration Account.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Forms of accounts</title>
<link>https://www.taxtmi.com/acts?id=54696</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54696</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[The accounts of the Employees' Deposit Linked Insurance Fund and the Employees' Deposit Linked Insurance Administration Account are to be maintained by the Commissioner in the form and manner specified by the Central Board, with the approval of the Central Government. The provision sets out a delegated accounting framework for both accounts under a centrally approved procedure.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Administrative expenses</title>
<link>https://www.taxtmi.com/acts?id=54695</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54695</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[All expenses relating to the administration of the Employees' Deposit-Linked Insurance Scheme, 2026 are to be met out of the Insurance Fund Central Administration Account. The provision allocates the financial source for administrative expenditure under the Scheme and confines such expenses to that account.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Disposal of Insurance Fund</title>
<link>https://www.taxtmi.com/acts?id=54694</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54694</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[The Insurance Fund under the Employees' Deposit-Linked Insurance Scheme, 2026 is limited to payment of scheme benefits and, apart from the Insurance Fund Central Administration Account, cannot be used for any other purpose without the previous sanction of the Central Board. The Fund is to be operated only by officers authorised by the Central Board.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Interest</title>
<link>https://www.taxtmi.com/acts?id=54693</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54693</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Interest, rent and other income realised from the Insurance Fund, together with any net profits or losses arising from the sale of investments, are to be credited or debited to the Insurance Fund. The provision excludes transactions of the Insurance Fund Central Administration Account from this accounting treatment.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Deposit-Linked Insurance Fund Account</title>
<link>https://www.taxtmi.com/acts?id=54691</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54691</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[The employer's contribution under the Employees' Deposit-Linked Insurance Scheme, 2026 is credited to the Deposit-Linked Insurance Fund Account, from which all scheme benefits are paid. The net assets of the Employees' Deposit-Linked Insurance Scheme, 1976, as on the date of notification of the 2026 scheme, vest in and stand transferred to the Insurance Fund Account.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Inspection of records and registers.</title>
<link>https://www.taxtmi.com/acts?id=54689</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54689</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Employers must produce, whenever required by the Commissioner, an authorised officer, or an Inspector-cum-Facilitator, the records and other registers maintained in physical or electronic form for inspection under the Employees' Deposit-Linked Insurance Scheme, 2026. The obligation applies to all relevant records and registers and supports administrative supervision and compliance verification through inspection.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Employer’s contribution not to be deducted from wages of employee</title>
<link>https://www.taxtmi.com/acts?id=54687</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54687</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Employer's contribution payable under the Employees' Deposit-Linked Insurance Scheme, 2026 cannot be deducted from an employee's wages or recovered from the employee in any other manner, notwithstanding any contract to the contrary. The provision fixes the contribution as an employer burden and prohibits shifting that liability onto employees through wage deductions or alternative recovery methods.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Mode of payment of contribution</title>
<link>https://www.taxtmi.com/acts?id=54685</link>
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<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Mode of payment of contribution under the Employees' Deposit-Linked Insurance Scheme, 2026 requires the employer to remit contribution and administrative charges to the Insurance Fund within fifteen days after the close of each month through electronic mode, including digital payment, via agency banks, scheduled banks, payment gateway, or the PayGov platform. Any remittance cost is borne by the employer, who remains responsible for contribution payable in respect of directly employed employees and employees engaged through a contractor.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Administrative and financial powers of Commissioner</title>
<link>https://www.taxtmi.com/acts?id=54682</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54682</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[The Commissioner may sanction expenditure on contingencies, supplies, services, and purchase of articles required for administration of the Insurance Fund without reference to the Central Board, subject to budgetary provision and authorised limits for any single item.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Short title, commencement and application</title>
<link>https://www.taxtmi.com/acts?id=54680</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54680</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[The Employees' Deposit-Linked Insurance Scheme, 2026 is brought into force by notification under the Code on Social Security, 2020, in supersession of the Employees' Deposit-Linked Insurance Scheme, 1976, subject to savings for things done or omitted before supersession. The Scheme takes effect on publication in the Official Gazette. Its application extends, subject to sections 20 and 143 of the Code on Social Security, 2020, to employees of every establishment to which Chapter III of the Code applies.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Appointment of officers and employees of the Central Board</title>
<link>https://www.taxtmi.com/acts?id=54624</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54624</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[The Central Board is empowered to appoint officers and employees up to the level of posts equivalent to Joint Secretary of the Government of India. The provision sets the staffing capacity of the Board by limiting appointments to a specified administrative rank and functions as an internal governance and personnel allocation rule within the Employees' Provident Funds Scheme, 2026.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Regional and local offices</title>
<link>https://www.taxtmi.com/acts?id=54623</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54623</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[The Central Board may establish regional and local offices as necessary for implementing the Scheme and may specify their functions and duties, creating an administrative structure for Scheme-related responsibilities at the operational level.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Payment of partial withdrawal</title>
<link>https://www.taxtmi.com/acts?id=54667</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54667</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Partial withdrawal sanctioned under paragraph 46 may be disbursed at the member's option by deposit into the payee's bank account in any Scheduled Bank or Co-operative Bank, including an Urban Co-operative Bank, or in a post office. The provision regulates the permitted modes of payment for such withdrawals and places the choice of receipt with the member, while limiting payment channels to the specified banking and postal institutions.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Computation of period of membership</title>
<link>https://www.taxtmi.com/acts?id=54666</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54666</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[For partial withdrawal, the period of membership of the Fund includes prior continuous service under the same employer, previous Fund membership, membership of a private provident fund of exempted establishments, and exempted employee membership immediately preceding current membership. This applies only if the member has not severed membership by withdrawing provident fund amounts during that period.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Transfer of membership</title>
<link>https://www.taxtmi.com/acts?id=54662</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54662</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Transfer of provident fund membership is allowed when a member changes employment between covered, exempted, or self-managed provident fund establishments, with applications made through the designated portal or in the prescribed form and manner. The Commissioner may enable automated transfers only after confirming the member's identity and account ownership. Where online identity confirmation is not completed, the employer must verify the member's identity and forward the transfer application to the Commissioner.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Interest</title>
<link>https://www.taxtmi.com/acts?id=54661</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54661</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Interest on provident fund member accounts is credited at the rate determined by the Central Government in consultation with the Central Board, on a monthly running balance basis with year-end calculation. The provision governs computation on opening balances, withdrawals, later credits, rounding, and withdrawal claims, and requires interest to continue up to final payment authorisation. It also addresses newly covered establishments, transferred past accumulations, debit to the Interest Account, opt-out by member, and exclusion of inoperative accounts.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Accounts of members</title>
<link>https://www.taxtmi.com/acts?id=54660</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54660</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[A separate account is to be opened in the Fund for each member and credited with the member's contributions, the employer's contributions in respect of the member, and the specified interest. All account items are to be calculated to the nearest rupee, with fifty paise or more rounded up and fractions below fifty paise ignored.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Employer to furnish particulars of ownership and authorised signatories</title>
<link>https://www.taxtmi.com/acts?id=54645</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54645</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Employer of a registered establishment must furnish ownership particulars and details of authorised signatories in Form VIII and Form IX. The employer may authorise up to five employees to sign documents and submit returns, while a person discharging the employer's duties in closure or liquidation may authorise any person, including a non-employee. The employer remains responsible under the Code and Scheme, and changes in particulars must be reported within thirty days.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Additional voluntary contributions</title>
<link>https://www.taxtmi.com/acts?id=54638</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54638</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Employees may make additional voluntary provident fund contributions on wages above the statutory ceiling, or at a higher rate, and the employer must remit them through the Electronic Challan-cum-Returns. The employer may choose to make a matching contribution but is under no obligation to do so. Additional administrative charges are payable on wages on which voluntary contributions are made, and either party may reduce or stop such contributions at any time.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Exemption of employee or class of employees</title>
<link>https://www.taxtmi.com/acts?id=54631</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54631</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Employees may be exempted from the operation of all or any provisions of the Employees' Provident Funds Scheme, 2026 on an application in Form-I, where the appropriate Government issues a notification subject to specified conditions. Such exemption is available only if the employee is already entitled under the establishment's rules to benefits that are substantially similar to, or better than, those under the Code and the Scheme. Where exemption is granted, the employer must maintain accounts, file returns electronically in Form-II, provide inspection facilities, pay inspection charges, and invest provident fund collections as directed.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Writing off losses</title>
<link>https://www.taxtmi.com/acts?id=54678</link>
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<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[The Central Board may write off contribution, cess, interest or damages due under the Scheme where it is satisfied that the amount is irrecoverable. The Board must consider the facts and circumstances of each case and the overall financial condition of the Fund before exercising this discretionary loss-write-off power tied to recoverability and financial prudence.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Misuse of benefits</title>
<link>https://www.taxtmi.com/acts?id=54677</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54677</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[The Employees' Provident Funds Scheme provides for the ascertainment and control of misuse of benefits granted under the Scheme. The Central Provident Fund Commissioner is to specify the manner in which misuse is identified. Where an authorised officer is satisfied that an establishment or person has misused a benefit, the officer may deprive that establishment or person of the benefit for such period as deemed fit, subject to an opportunity of being heard.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Conduct of business of Central Board</title>
<link>https://www.taxtmi.com/acts?id=54676</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54676</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Prescribes the manner in which the Central Board is to conduct its business under the Employees' Provident Funds Scheme, 2026. All orders and other instruments must be made and executed in the name of the Central Board and authenticated in the manner specified by it. Contracts and assurances of property must likewise be expressed to be made by the Central Board and executed on its behalf by the Commissioner.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Annual report of Board</title>
<link>https://www.taxtmi.com/acts?id=54675</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54675</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[The Central Board's annual report, audited accounts, and the Comptroller and Auditor General's report must be considered by the Executive Committee and placed before the Board for adoption before 10 December after the financial year closes. If the Comptroller and Auditor General's report is not received by early December, the audited accounts and that report may be placed separately. After adoption, the documents are authenticated by the common seal, and four copies with the Board's comments must be submitted to the Central Government by 20 December for laying before Parliament.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
        <item>
<title>Inoperative Account</title>
<link>https://www.taxtmi.com/acts?id=54674</link>
<guid isPermaLink="true">https://www.taxtmi.com/acts?id=54674</guid>
<pubDate>Sun, 19 Jul 2026 21:36:39 +0530</pubDate>
<description><![CDATA[Amounts due under the Employees' Provident Funds Scheme are transferred to an Inoperative Account where they relate to unremitted supplementary contributions, dormant accumulations after retirement, migration or death, or payments returned undelivered and unclaimed for thirty-six months. Payment of any balance is made by debit from that account. Amounts arising from litigation, establishment default, or undelivered claims not attributable to the member are excluded from transfer.]]></description>
<category>TaxLaws</category>
<category>Act-Rules</category>
<category>TaxTMI</category>
        </item>
<item>
<title>TMI Updates - Newsletter dated: July 19, 2026</title>
<link>https://www.taxtmi.com/newsletter?id=07/19/2026</link>
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<description><![CDATA[Newsletter for tax updates and legal information]]></description>
<category>Daily Updates</category>
<category>Tax</category>
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