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1. Customs and Central Excise Welfare Fund, Performance Award Fund And Special Equipment Fund: The accounting of these funds has been prescribed through Personal Deposit Account. The purpose of Welfare Fund is to promote Staff Welfare viz. Recreation, death relief, medical assistance etc. The purpose of performance Award Fund is to grant incentives to the best managed units/circles/division in order to promote healthy competition and better performance. Special Equipment Fund has been created for the purpose of procurement of anti-smuggling equipment of specialized nature.
2. Distribution of Reserve to State Governments: After the close of Annual Accounts every year the figure of Revenue generated in different states are verified by respective Accountant General which is certified by the Comptroller and Auditor General of India(C & AG). The share of each state is accordingly worked out by the Finance Commission and released to them.
3. Consumer Welfare Fund: A "Consumer Welfare Fund" was established in the Public Accounts of India in January 1992 by the Department of Economics Affairs, Ministry of Finance. It is maintained in the books of Controller of Accounts in the Ministry of Consumer Affairs, Food and Public Distribution. Pay and Accounts officer under CBEC are required to remit the amount which is not refundable to the manufacturer or Importer or the buyer and send cheque in favour of PAO O/o Pr.CCA CBEC New Delhi, who deposits the cheques received from field PAO Ministry of Consumer Affair, Food and Public Distribution at the end of each quarter. This could also take care of the refund, if any, due, ordered to be paid by the Appellate Authority which can be adjusted against the amount with the H.Qrs. and only a net amount cheques are issued to PAO Ministry of Consumer Affairs, Food and Public Distribution.
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