Rule 274 — GFR
Original Rule Text
Rule 274 Aid in form of materials and equipment. In cases where materials, equipment and other commodities, without involving any cash inflow, are received as aid from foreign countries, the Funding Agency issues an advice to the concerned Ministry or Department giving details of materials supplied along with the value thereof. The Ministry or Department concerned in turn shall intimate the details to the office of the Controller of Aid Accounts and Audit, Department of Economic Affairs for making the budget provision in regard to aid material or equipment.
Note: Refer to Para 4.8.1 of Civil Accounts Manual and
Note (1) below Major Head ‘3606-Aid Materials and Equipment’ of List of Major and Minor Heads of Account of Union and States for detail procedure of adjustment of value of the materials etc. received
Ch.-11 - GOVERNMENT GUARANTEES