TRADE NOTICE NO. 48/2001

Dated:

18-6-2001

 

Subject:-

Central Excise - Rounding off the transaction of C.B.E.C. to the nearest rupees - Reg.

                                                 

The Principal Chief Controller of Accounts, Central Board of Excise and Customs, NewDelhi have observed that many transactions are still being carried out in paise.

 

As per Rule 17 Appendix - II of CGA's R&P Rules, transaction of Government  involving fraction of 50 paise and above be rounded off to next higher rupee and less than 50 paise to be ignored. (with effect from 1-4-87).

 

It is therefore once again reiterated that PAOs should not accept any claim in paise in order to facilitate differences in accounts in various stages. Necessary instructions to round off the transaction to nearest rupees as per Rule 17 Appendix - II of Receipts and Payments Rules are hereby issued to all  DDOs of this Commissionerate who should adhere to the above instructions.

(Issued from file C.No. II/20/11/2001-R.A.II)

                                                                                Sd/-

                                                                          (K. UMESH)

                                                  ADDITIONAL COMMISSIONER(P&V)

To

As per mailing list (Both Department & Trade)

Copy to

1.      The Principle Chief Controller of Accounts, CBEC, NewDelhi.

2.     The Deputy Controller of Accounts, CBEC, NewDelhi.

3.     The Deputy/ Assistant Commissioners of Central Excise,

Chinglepet, Chrompet, Ranipet, Vellore, Hosur-I and Hosur-II Divisions

4.     The pay Accounts officer, Central Excise, Chennai-III.

5.     The Administrative officer (DDO), Chennai-III.