 |
Monitoring
Revenue Receipts
|
 |
1. Banking Arrangements:
The entire amount of indirect taxes under the Central Board
of Excise and Customs is actually being collected with the help
of a wide network of banks. Based on recommendations of the "Working
Group on Government Account" which was constituted by Reserve Bank
of India the scheme of "One Bank-One Commissionrate" came into existence
in the year 1986. Under the scheme, the branches of the nominated
bank for a Commissionerate renders accounts through their Focal
Point Branch at the H.Qrs. of the Commissionerate, which in turn
settles the transaction with RBI directly through its Link Cell
at Nagpur. However, with the increasing revenuesand expanding scope
of indirect taxes there has been a persistent demand for allowing
more banks including private sector Banks. On the recommendations
of the Committee headed by the Pr. Chief Controller of Accounts,
Central Board of Excise and Customs, as also the Task Force headed
by Dr. V.V.Kelkar "Multi-banking scheme" has been taken up for phased
implementation during 2003-04. In the first phase, all the metropolitan
cities have been covered under multi-banking arrangements.
|
|
|
2. Recovery of Penal
Interest from the Banks: The RBI has permitted a uniform transit
period not exceeding 5 days (for local branches) and 9 days (for
outstation branches) inclusive of holidays for transfer of CBEC
collections from the date of collection of the dues at the collecting
branches to credit into Government Account at the RBI, Central Accounts
Section, Nagpur. Delay reports are generated in the office of Pr.
Chief Controller of Accounts with the help of a software which helps
in taking up the causes of delayed remittances with the Banks.
|
|
|
3. Reconciliation
of Revenue Receipts: In order to ensure that full amount of
Government dues are actually credited to Government Account, a procedure
of reconciliation has been prescribed. The Range Officers prepares
monthly statement of receipts and submit it to the Chief Accounts
Officer. The Pay and Accounts Officer compiles the Revenue Account
and sends monthly compilation sheet to Chief Accounts Officer who
reconciles the two sets of figures.
|
