Every bill drawn in TR Form No. 70 against such Project IDs would be charged against the approved project cost. Enhancement of approved project cost may be made after due approval of competent authority.
Letter of Credit (LOC) System
New LOC system for on-line authorization and issue of LOC to make transfer of fund faster for timely execution of the developmental works in a transparent manner.
Discontinuation of LOC System – Migration from Forest Account
Procedure for migration of outstanding deposit works/ security deposit account balance from Forest accounts to the books of accounts maintained in the Treasury.
Discontinuation of LOC System – Remittance of Fund
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.
Discontinuation of LOC System – Procedure for Bulk Purchase
Resource division will procure the materials within the delegated power of the Executive Engineer in charge of the Resource Division concerned. Otherwise sanction from the competent authority shall be necessary.
Discontinuation of LOC System – Further Guidelines
The requisitioning non-works department will provide fund through e-bantan to the authority in the works department, i.e., Chief Engineer, along with administrative approval;