Introduction of New Primary Unit for accountal of Capital expenditure on Audit
The Railway Board has issued RBA No. 12/2024, introducing a new primary unit for the management of capital expenditure related to audit. This decision follows the directive in their previous letter and the Ministry of Finance’s OM regarding the classification of certain expenses as capital expenditure.
भारत सरकार Government of India
रेल मंत्रालय Ministry of Railways
रेलवे बोर्ड (Railway Board)
RBA No. 12/2024
No.2024/ACIHI/2/S
New Delhi, dated: 09-04-2024
The General Managers,
All Indian Railways & PUs etc.
Sub: Introduction of New Primary Unit for accountal of Capital expenditure on Audit.
Ref: 1.Railway Board’s letter no, 2023/F(X)-1/33/Misc/4 dated 06.04.2023.
2. Ministry of Finance’s OM No. 11011(12)/13/2022-Codes-CGA/cno 11900/392 dated 03.01.2023.
Board vide letter referred at (1) above has desired that the expenditure on items of office equipment and Furniture & Fixtures, ICT equipments exceeding the threshold limit/useful life should be classified as Capital expenditure. In order to facilitate separate budgeting and accountal of such expenditure, it has been decided to introduce a New Primary Unit namely “Capital Expenditure-Audit Department” in Classification of Capital and Other Works Expenditure (Appendix-II) of Railway Finance Code Vol. II (Second Reprint Edition 2022), as per Advanced Correction Slip (ACS) no. 07 enclosed herewith.
Contents of the correction slip may please be circulated suitably for information and compliance.
Please acknowledge receipt.
(Vipul Tripathi)
Director Accounts
Railway Board
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