No.7-1/2000/TA-I/17
GOVERNMENT OF
INDIA
MINISTRY OF
COMMUNICATIONS AND INFORMATION TECHNOLOGY
{Department of
Telecommunications}
Sanchar Bhawan,
New Delhi – 110001.
Dated at New Delhi, the 9th of May, 2005.
Subject: Levy of interest on Bharat Sanchar Nigam Limited for delay in remittance of LSC, PC, GPF, Loans & advances, CGEGIS / CGEIS credits / recoveries made from salary of absorbed employees / employees on deemed deputation to CCAs.
It has been noticed that
the remittances of the above mentioned recoveries to CCA offices are often
delayed by BSNL circles. References have been received from CCAs on the rate of
interest to be charged on these delayed remittances.
The matter has been
referred to the Ministry of Finance for their final decision pending which
provisional rate of interest on these delays may be charged at the following
rates: -
i.
Delay in remittance of
LSC / PC:
As per SR 307 (1)
ii.
Delay in remittance of
GPF / L&A:
2.5% above the applicable rate of interest.
Interest will be charged from the 1st of the
month following recovery, if payment is
not
made by the specified date.
iii.
In case of CGEGIS /
CGEIS:
2.5% above the ruling rate of interest on
CGEGIS per annum (compounded quarterly)
Interest will be charged from the 1st of the
month following recovery, if payment is
not
made by the specified date.
Claims, if any, by BSNL on the CCAs / DOT may be
preferred separately. No netting is allowed to be made from the recoveries, and
any other amount due payable to CCAs / DoT.
-SD-
(K.S.Bariar)
Director
(A/cs-I)
To,