Act Number: 54

Act Name: The Central Road and Infrastructure Fund Act, 2000

Year: 2000

Enactment Date: 2000-12-27

Long Title: 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.

Ministry: Ministry of Finance

Department: Department of Investment and Public Asset Management

Section 8: Accounts and audit.
    (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.
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