Finance, LOC , Pay & Accounts , Treasury đī¸ 404
To ensure credit of the amount in the works deposit account opened in the Treasury/ PAO in favour the works/ resource division as the fund was meant for undertaking deposit works.
Government of West Bengal
Finance Department
Audit Branch
No. 5503-F(Y) Dated, 15th July, 2015
MEMORANDUM
It has been brought to the attention of Finance Department that fund continues to be remitted by some works divisions u/h “8782-PWR” even after discontinuance of the LOC system for works expenditure. In the LOC system, fund received by a Division from the requisitioning agency/another division used to be remitted u/h “8782-PWR” in the Treasury/PAO, accounted for u/h “8443-00-108-PWD Deposits” in the works books of accounts maintained in the division and LOC authority obtained on the strength of the remittance for execution of the work/ supply of material etc.
As per the new system, the fund received from the requisitioning agency/another division is to be deposited under the works deposit account opened in the Treasury/PAO u/h “8443-00-108- PWD Deposits” in terms of FD memo. no. 3292-F(Y) dt. 24.04.15. In some cases Government revenue receipts have also been remitted u/h “8782-PWR”.
Therefore, the undersigned is directed to prescribe the following procedure in order to ensure credit of the amount in the works deposit account opened in the Treasury/PAO in favour the works/ resource division, or in the appropriate Government revenue receipt head, according as the fund was meant for undertaking deposit works or for Government revenue receipt.
Sd/- H.K. Dwivedi
Principal Secretary to the
Government of West Bengal