Discontinuation of LOC System – Migration from Forest Account

Finance, Forest, LOC , Pay & Accounts , Treasury 👁️ 349

Procedure for migration of outstanding deposit works/ security deposit account balance from Forest accounts to the books of accounts maintained in the Treasury.

Government of West Bengal
Finance Department
Audit Branch

No. 8532-F(Y) Dated, 18th December, 2015

MEMORANDUM

Para-II of Finance Department Memo No. 3292-F(Y) dated 24th April 2015 prescribes the procedure of migration of outstanding deposit works/ security deposit account balance from works books of accounts to the books of accounts maintained under the Treasury system. It has been stated in the order that the Executive Engineer will submit CPWA Form No. 79 containing outstanding balances to the Chief Engineer for certification before advising the Treasury Officers for the insertion of balance in the deposit accounts to be opened there for the purpose of maintaining the same following the procedure enjoined in the WBTR. Since the same problem exists in the Forest Divisions, identical procedure needs to be followed for such migration of outstanding deposit works/security deposit account balance from the forest books of accounts to those maintained in the Treasury with effect from 1.4.2015.

Therefore, the following procedure is being prescribed in partial modification of FD Memo No. 3292-F(Y) dated 24th April 2015 for the purpose of migration of outstanding deposit works/security deposit account balance from Forest accounts to the books of accounts maintained in the Treasury.

1. The Divisional Forest Officer will submit to the Principal Chief Conservator of Forest duly filled FA-3 related to the months of February and March 2015 as furnished with monthly accounts to the AG, WB.
2. PCCF will take necessary action to cross check the closing balance of February 2015 with the opening balance of March 2015 for item No. II & III and accumulated unpaid security deposit and deposit work balance fund.
3. Once both the balances agree the administrative department concerned will issue Government order advising Treasury/PAO concerned to insert the verified balance of FA Form -III as on 31st March 2015 in the Forest deposit accounts to be opened in the Treasury/PAO in favour of Divisional Forest Officer concerned. The heads of accounts under which the deposit accounts will be opened as mentioned below item No. 4 of Para-II of FD Memo No. 3292-F(Y) dated 24th April 2015 as amended vide FD memo. no. 5785-F(Y) dt. 29.7.15
4. The Divisional Forest Officer will withdraw fund from Forest deposit by submission of bill in TR form 70B for other than security depsosit and TR form 70C for security deposit, following procedure prescribed in FD Memo No. 736-F(Y) dated 10th February 2015 read with FD Memo No. 2705-F(Y) dated 30th March 2015.

Sd/- H.K. Dwivedi
Principal Secretary to the
Government of West Bengal

No. 8532-F dated 18.12.2015, Source

Related Publication

• Discontinuation of LOC System - Remittance of Fund
• Discontinuation of LOC System - Procedure for Bulk Purchase
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• Discontinuation of LOC System - Procedure of Drawal of Fund
• Discontinuation of present Letter of Credit (LOC) System