ESIC circular on release of pending payments for drug supplies
Contents News/Article Date: 9th June 2023
Relating to which Act: The Employees’ State Insurance (ESI) Act, 1948
Applicable to which State: All the States and Establishments covered by the ESI Act
Type: ESIC Circular No. U / 25 / 12 / Pending payment / 2023 / Med V / 336 issued by Deputy Medical Commissioner (RC)
Pertains to: Outstanding payments of pharmaceutical firms
Relevance of this news: Karma Global is in the business of HR Services, Payroll, Outsourcing and Regulatory Compliances right from its inception in 2004 and since then, has brought in a lot of efficiencies and technological upgradations with experts on its roll, to ease the hassles of Payroll Processing, Temp Staffing, On-boarding, Employee Life Cycle, Statutory, Regulatory and Payroll compliances by providing customized solutions to all its elite clients.
Karma Global does excellent work on providing ESI Services both to establishments as well as Insured Employees and in this respect, it will inform all its clients and insured employees about the many announcements that the Government has made in terms of expansion of ESI Scheme, so as to make it available in the remotest of places viz. 744 districts and also to make health facilities and medical colleges in progressive districts of our country further expanding post graduate medical seats.
And in this instance: ESIC issued a circular on 9th June 2023 regarding release of pending payments.
It informed that ESIC is continuously receiving letters/representations/legal notices from various DGESIC approved pharmaceutical firms regarding outstanding pending payments/delays in payment release for the supplies made by the respective firms to ESI locations pan India.
The payment for the supply will be made within 4 to 6 weeks (after receipt and acceptance of drug items directly by the Direct Demanding Officers or through nominees to whom bills are submitted as per the terms and conditions of the DGESIC rate contract.
Subject: ESIC Release of pending payments
Attached is the notification