Executive Summary:
This document establishes the Nuclear Liability Fund Rules, 2015, under the Civil Liability for Nuclear Damage Act, 2010. It outlines the establishment, operation, and funding of the Nuclear Liability Fund by the Central Government. The rules came into force on the date of publication in the Official Gazette, December 8, 2015.
Key Points / Main Content:
Establishment of Nuclear Liability Fund:
* The Central Government will establish the Nuclear Liability Fund.
* The fund will be used for the purposes defined in these rules.
Funding of the Fund:
* The Fund shall comprise the levy collected from operators of nuclear installations
* Operators of nuclear installations will pay a levy for every unit of electricity sold.
* The levy rate is either 0.05 rupees or between 0.05 and 0.10 rupees per unit of electricity.
* Levy collection continues until the Fund reaches two thousand crore rupees and will resume if withdrawals reduce the balance below this amount.
* Levy payments are due quarterly, within 15 days of the month following the end of the quarter.
Operation of the Fund:
* The Fund will be managed according to the rules and instructions for managing Public Accounts of the Central Government.
* Operator payments are credited to the Consolidated Fund of India and then transferred to the Public Account under "MH 8235 General and Other Reserve Fund."
* Parliament's approval is required for payments from the Fund.
Interest on Late Payments:
* Operators will be charged interest at 18% per annum, calculated daily, for late levy payments.
Impact Analysis:
Central Government:
* Impact: Responsible for establishing and managing the Nuclear Liability Fund. Must obtain Parliament's approval for payments from the fund.
* Action Required: Establish the Fund, manage it according to public account rules, and seek parliamentary approval for payments.
Operators of Nuclear Installations:
* Impact: Required to pay a levy on electricity sales to contribute to the Nuclear Liability Fund.
* Action Required: Collect and remit the levy quarterly. Ensure timely payments to avoid interest charges.
Customers of Electricity:
* Impact: Indirectly impacted as the levy may be factored into the cost of electricity.
* Action Required: No direct action required.
Key Entities Referenced
Civil Liability for Nuclear Damage Act, 2010: An Act of the Parliament of India that establishes a framework for liability and compensation in the event of a nuclear incident.
Nuclear Liability Fund Rules, 2015: Rules established by the Central Government regarding the Nuclear Liability Fund.
Nuclear Liability Fund: A fund established by the Central Government to provide financial resources for compensating victims of nuclear incidents, as per the rules.
Central Government: The executive branch of the Government of India.
Consolidated Fund of India: The main account of the Government of India for all revenues and expenditures.
Mumbai, Maharashtra: City in Maharashtra, where the Department of Atomic Energy issued the notification.
Department of Atomic Energy: The Indian government department responsible for nuclear energy.
Parliament: The legislative branch of the Government of India.
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5481 GI/2015 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
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[फा. सं. 4/4/1/2012-ईआर]
(cid:31)णय वमा., संयु" सिचव
DEPARTMENT OF ATOMIC ENERGY
NOTIFICATION
Mumbai, the 8th December, 2015
G.S.R. 1016(E).—In exercise of the powers conferred by sub-section (2) of section 7 of the Civil Liability for
Nuclear Damage Act, 2010 (No.38 of 2010), the Central Government hereby makes the following rules, namely:-
1. Short title and commencement.—(1) These rules may be called the Nuclear Liability Fund Rules, 2015.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. Definitions. - (1) In these rules, unless the context otherwise requires-
(a) "Act" means the Civil Liability for Nuclear Damage Act, 2010 (No.38 of 2010);
(b) "levy" means the amount charged from the operator under rule 3;
(c) "Fund" means the Nuclear Liability Fund established under rule 3;¹Hkkx IIµ[k.M 3(i)º Hkkjr dk jkti=k % vlk/kj.k 3
(2) Words and expressions used herein and not defined but defined in the Act shall have the meanings
respectively assigned to them in the Act.
3. Establishment of Nuclear Liability Fund by Central Government.—
(1) With effect from such date as may be appointed by notification, there shall be established by the Central
Government, for the purposes of these rules, a Fund to be called the Nuclear Liability Fund.
(2) The Fund shall comprise the levy collected from operators of nuclear installations.
(3) The operator shall pay to the Fund, a levy at the rate of rupees 0.05 (five paise) or a levy at such rate between
rupees 0.05 to 0.10 (five paise to ten paise) for every unit of electricity sold to its customers.
(4) The levy shall be collected and paid to the Fund till the total amount reaches two thousand crore rupees, and
thereafter, the process shall resume in the event of any withdrawals from the Fund so as to ensure that the
Fund balance remains at two thousand crore rupees at any given time.
(5) The levy shall be payable on quarterly basis and the levy amount for every quarter of the year shall be credited
to the Fund within the 15th day of the month succeeding the quarter.
4. Operation of Fund.—(1) The Fund shall be managed in accordance with rules and instructions relating to
management of Public Accounts of the Central Government for such funds.
(2) The payments made by an operator towards the Nuclear Liability Fund shall be credited into the Consolidated
Fund of India and then transferred to the Public Account under the Head of Account "MH 8235 General and
Other Reserve Fund" following due procedures.
(3) As and when a need for payment out of the Nuclear Liability Fund arises, the Central Government shall
ascertain the payment to be made and obtain the Parliament's approval for making the payment:
5. Payment of interest.—In case of delay in payment by the operator, the interest at the rate of 18 per cent per
annum shall be calculated and charged on daily basis on the operator.
[F. No. 4/4/1/2012-ER]
PRANAY VERMA, Jt. Secy.
Printed by the Manager, Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.