Section 8
Accounts and audit.
The Central Road and Infrastructure Fund Act, 2000
About this Act
An Act to give statutory status to the existing Central Road Fund governed by the Resolution of Parliament passed in 1988, for development and maintenance of national highways and improvement of safety at railway crossings, and for these purposes to levy and collect by way of cess, a duty of excise and duty of customs on motor spirit commonly known as petrol, high speed diesel oil and for other matters connected therewith.
(1) The concerned departments of the Central Government shall maintain
proper accounts and other relevant records and prepare an annual statement of accounts, including the
profit and loss account and the balance-sheet in respect of allocations of their shares of fund in such form,
as may be prescribed by the Central Government in consultation with the Comptroller and AuditorGeneral
of India.
(2) The accounts of the Fund shall be audited by the Comptroller and Auditor-General of India at such intervals as may be specified by him.
(2) The accounts of the Fund shall be audited by the Comptroller and Auditor-General of India at such intervals as may be specified by him.