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FBR revises Unified CPF Rules, constitutes CCPFB

FBR revises Unified CPF Rules, constitutes CCPFB

KARACHI: The Revenue Division, Federal Board of Revenue (FBR) has revised the Unified CPF Rules through constitution of a Central CPF Board (CCPFB) at FBR Headquarters in Islamabad.
The revised Unified Rules have been issued in the supersession of the Unified CPF Rules on April 18, 2006.
According to details, the Central Common Pool Fund Board (CCPFB) consists of officers of Pakistan Customs including Member (Customs) as Chairman, Chief Management (Customs) as Secretary, Chief (Customs) as member and Secretary (Customs) as member, adding that the CCPFB will act as governing body of the CPFs of all field formations and it will grant approval to proposals/requests from the field CPF Board.
The CCPFB will also look after the CPF activities at the FBR Headquarters and there shall be a CPF Board in each Collectorate/directorate/organization which will consists of the following officers including Collector/Director/Head of Organization as Chairman, Additional Collector/Director as member, Assistant/Deputy Collector/Director (Headquarters) as Secretary, nominee of officers/officials of BPS-16 as member, nominee of official of BS 7-10 as member and nominee of officials of BS 1-4 as member.
The CPF Board will be responsible for the income and expenditure management of the CPF, formulation of policies and take all measures to implement such policies for investments, generation of further funds and all matters relating thereto.
Furthermore, the CPF Board shall not spend more than 80 percent of the revenues/receipts in the CPF. The remaining 20 percent of the annual income will be invested to generate further resources/funds for continuation and improvement of CPF facilities in future.
Each CPF Board shall transfer 20 percent of its receipts and income to the CCPF within one month of the close of the financial year. The FBR share shall not include the funds received in the CPF as disbursement of GD processing fee (Service Charges).
In addition, each CPF Board may authorize and sanction expenditure including house rent subsidy, medical charges, stipend for education, subsidy on marriage expenditure, burial expenses and CPF Mess.
According to the CCPF Board, officers living in a rented house who do not avail the facility of Government accommodation or CPF Mess will be paid the monthly amount accordance with his/her basic scale.
The officers of Grade 17&18 would be eligible to avail Rs10,000 as monthly rent subsidy, the officers of Grade 19&20 would entitle to avail Rs15,000 as monthly rent facility and officers of Grade 21&22 would be authorized to avail Rs20,000 in monthly rental subsidy.
Similarly, the officers/officials and their dependents would be reimbursed up to 50 percent of the cost of consultation, treatment and medicines with the capping of Rs5,000 per month.
Annual stipend of Rs10,000 for one child of class-IV staff who secures 65 percent marks in matriculation and admitted to a college. The stipend may continue till graduation subject to scoring of 65 percent marks in each subsequent year.
According to the CCPF, an amount of Rs20,000 for not more than two daughters of class-IV staff as subsidy on marriage expenditure, adding that an amount of Rs40,000 for in service death of a class IV staff or spouse.
The hiring of building, its furnishing including purchase of essential items/ equipments, payment of utility bills and salaries of staff working in the mess would also include in CCPF responsibilities. The officers availing the facility of Mess will pay monthly service charges as prescribed by the CCPF from time to time.
The CPF Board may authorize and sanction expenditure including personal loan, donation to an organization, renovation/repairs of offices and government residences, purchase and repair of vehicles for pick and drop of the staff, purchase and repair of office equipment, transportation, fuel charges for official work, legal fees/charges, lab fees and contingency expenses, hiring of officials only for CPF related work, expenses to hold a function/activity for common good of staff, subsidy/financial assistance to a class-IV staff who retired from the service and any other activity/project involving common welfare of the staff after getting prior approval from the Central CPF Board.
It is pertinent to mention here that the CPF Board will monitor and regulate expenditure of CPF and may put restrictions and curtail disbursement of funds under various heads in view of funds/resources available.
It may be also mentioned here that the Directorate General of Inspection & Internal Audit (Customs) will audit the Common Pool Fund Account of each formation by 30th September of the close of a financial year, adding that the relevant field formations will make recoveries, and settle the audit objections pointed in the Audit Report.
It may be worth mentioning here that the Customs Today has taken up the matter of Common Pool Fund (CPF) in its previous publication issues and the recent move by the FBR in order to constitute a Central Common Pool Fund Board (CCPFB) is an episode of that news.