HRD in CBEC - Directorate General of human resource ...
HRD in CBEC - Directorate General of human resource ...
HRD in CBEC - Directorate General of human resource ...
Transform your PDFs into Flipbooks and boost your revenue!
Leverage SEO-optimized Flipbooks, powerful backlinks, and multimedia content to professionally showcase your products and significantly increase your reach.
1.0 Introduction<br />
As a part <strong>of</strong> liberalization <strong>of</strong> the policies and procedures relat<strong>in</strong>g<br />
to grant <strong>of</strong> rewards to the Government servants, three funds,<br />
namely (i) Customs & Central Excise Welfare Fund, (ii)<br />
Performance Award Fund, and (iii) Special Equipment Fund,<br />
were created <strong>in</strong> the year 1985 for the purpose <strong>of</strong> f<strong>in</strong>anc<strong>in</strong>g various<br />
welfare schemes for promotion <strong>of</strong> welfare <strong>of</strong> staff and their families<br />
and for acquisition <strong>of</strong> anti-smuggl<strong>in</strong>g equipments <strong>of</strong> a specialized<br />
nature with<strong>in</strong> the shortest possible time. The three Funds were<br />
f<strong>in</strong>anced by transfer <strong>of</strong> 10% <strong>of</strong> the sale proceeds <strong>of</strong> confiscated<br />
goods credited to the Government and Customs/Excise Duties,<br />
f<strong>in</strong>es, penalties <strong>in</strong> <strong>of</strong>fence cases realized and susta<strong>in</strong>ed <strong>in</strong><br />
appeal/revision etc. dur<strong>in</strong>g the year 1985-86 onwards as verified<br />
and confirmed by the Chief Controller <strong>of</strong> Accounts, <strong>CBEC</strong> and<br />
F<strong>in</strong>ancial Adviser to the M<strong>in</strong>istry <strong>of</strong> F<strong>in</strong>ance. The distribution <strong>of</strong><br />
the credits <strong>of</strong> 10% amongst three funds was as under:<br />
(i) Welfare Fund : 1%<br />
(ii) Performance Award Fund : 4%<br />
(iii) Customs Special Equipment Fund : 5%<br />
Customs and Central Excise Welfare Fund and customs and<br />
Central Excise Performance Award Fund M<strong>in</strong>istry have been<br />
merged <strong>in</strong>to a s<strong>in</strong>gle entity, called Customs and Central Excise<br />
Welfare fund vide M<strong>in</strong>istry’s order dated 12.10.2006, to be used<br />
for general welfare <strong>of</strong> staff and <strong>of</strong>ficers <strong>of</strong> the department. The<br />
funds have been allocated <strong>in</strong> the ratio 1:1 <strong>in</strong> the two funds.<br />
Accord<strong>in</strong>gly, with effect from 12.10.2006, there are two funds<br />
namely (i) Customs and Central Excise Welfare Fund and (ii)<br />
Customs & Central Excise Special Equipment Fund.<br />
1.1 Distribution <strong>of</strong> the credits amongst two funds<br />
The total amount equal to 10% <strong>of</strong> the sale proceeds <strong>of</strong><br />
confiscated goods, credited to the Government and Customs/<br />
Excise Duties, f<strong>in</strong>es, penalties <strong>in</strong> <strong>of</strong>fence cases realized and<br />
susta<strong>in</strong>ed <strong>in</strong> appeal/revision etc., is transferred every year to<br />
the two funds as under:<br />
(i) Customs and Central Excise Welfare Fund : 5%<br />
(ii) Customs & Central Excise Special Equipment Fund : 5%<br />
69