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CAG says Customs and Central Excise Welfare Fund is not necessary - Huge Mess in CBEC fund spending


What about Consumer Welfare Fund

fortunately, CBEC is not the fund manager for any of the mutual funds. Many would have lost tidy fortune. These messy funds lead to the next obvious question - who manages the blessed Consumer Welfare Fund? Are there any reports in existence about the corpus held, and grants made out of this fund? Because, the ACs and DCs know only how to threaten to credit the refund claim to CWF. None seems to know how debits are made to this fund.

Gururaj B N 21/05/2015

 

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