No, in cases where powers to award a contract or purchase in a Project or Scheme has been considered and allowed by the Expenditure Finance Committee (EFC), such cases will be processed as per the financial limits laid down for sanction of such Schemes or Projects by that Authority. Therefore, the EFC approved limit of ₹150 crores would take precedence.
Source: DFPR Rule 11
How is 'each case' defined when writing off multiple items of stores?
What happens if the highest bid is below the reserve price?
What constitutes 'commodities not intended for Government consumption' under Rule 18?
What happens when the person filling the downgraded post becomes eligible for promotion?
What types of contracts are covered under 'negotiated or single tender or proprietary contracts'?
This answer is for informational purposes only and does not constitute legal advice. Always refer to the original rules and consult competent authorities for official interpretation.