1. Home
2. Jammu

FY closure: Finance deptt issues circular

KT NEWS SERVICE. Dated: 2/10/2016 10:31:43 AM

JAMMU, Feb 9: The Finance department has asked to submit proposals of advance drawal revalidation, authorization etc, if any, pertaining to financial year 2015-16 to the department well before March 24, 2016.
According to a circular issued by Finance department, no such proposal shall be entertained by the Finance Department after 24th of March, 2016, the circular reads.
According to the circular, proposals for parking of money in “Civil Deposits” in order to avoid lapsing of funds shall not be entertained and processed. Issuance of `hundies’ stands already banned and the departments have been advised not to move any proposals in this regard.
Re-appropriation proposals, if any, shall be put up to Finance Department before March 18, 2016, the circular said.
The circular has asked the Treasury officers not to entertain any bill/cheque for payment after working hours on March 30, 2016, pertaining to the financial year 2015-16, and all the DDOs also have been advised to plan their bill presentations accordingly at the treasury.