Para 10.10.4 — CAM

10.10.4 As per GFR Rule 281 annual review of guarantees is to be ensured by all Ministries or Departments. The FAs of the Ministries or Departments should undertake these reviews. They shall also ensure that a register of guarantees in Form GFR 25 is maintained

(i) to keep a record of guarantees

(ii) to retain information required from time to time in respect of guarantees

(iii) to keep record of the periodical reviews to see that these are carried out regularly

(iv) to keep record of levy and recovery of guarantee fee

(v) to send data as contained in Form GFR 25, duly updated every year to the Budget Division, Ministry of Finance, DEA by tenth of April. While furnishing the summary statements to Budget Division the Ministries or Departments should also certify that the information tallies with the material furnished to the CGA for the purpose of inclusion in the Finance Accounts (IGAS-1 Statement) of the relevant year.