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Levy and Recovery of damages for default

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.... (1) Where any employer makes default- (a) in the payment of any contribution to the Fund, which they are liable to pay in accordance with the provisions of Chapter III of the Code; or ....

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....may levy an amount and recover from the employer, by way of damages at the rates specified in the Table below, not exceeding the amount of arrears. Sl. No. Period of default Rate of Damages (....