May I request Accounts/finance department to process for an amendment in Finance code and increase present limit of Rupees 500 imposed on expenditure from cash
imprest.
This limit of Rupees 500/- has been in existence for last 20 years (if I am not wrong) and is a bottleneck for executives in utilisation of cash imprest.
At present, A junior scale officer of stores department can issue purchase order for an item worth Rupees 10000/- on single quotation basis.This when it is the executive who states the source of purchase and certifies the reasonableness of rates.
In contrast, a PHOD/DRM cannot spend more than Rupees 500/- from cash imprest on purchase of an item on single quotation basis and pay from cash imprest.
On Southern Railway, this limit is Rupees 375/-.
In my opinion, this limit of Rupees 500/- is to be increased to Rupees 10000/- so that effective utlisation of cash imprest can be made .
Please help executives.
This limit of Rupees 500/- has been in existence for last 20 years (if I am not wrong) and is a bottleneck for executives in utilisation of cash imprest.
At present, A junior scale officer of stores department can issue purchase order for an item worth Rupees 10000/- on single quotation basis.This when it is the executive who states the source of purchase and certifies the reasonableness of rates.
In contrast, a PHOD/DRM cannot spend more than Rupees 500/- from cash imprest on purchase of an item on single quotation basis and pay from cash imprest.
On Southern Railway, this limit is Rupees 375/-.
In my opinion, this limit of Rupees 500/- is to be increased to Rupees 10000/- so that effective utlisation of cash imprest can be made .
Please help executives.
