PAC hears views of Finance, Health Ministry officials on audit observation over short transfer of cess collections to designated funds
New Delhi, Sept. 8 -- The Public Accounts Committee (PAC) of Parliament on Tuesday heard views of the Finance Ministry and Health Ministry officials on 'short transfer of levies and cess collections to designated funds' based on a para of a CAG report released earlier this year.
Congress MP KC Venugopal, who chairs PAC, told ANI later that the cess and levies have to be collected for a specific project to spent on that project.
He said it should be deposited in the reserve fund. "But here they deposited it in the consolidated fund. So, PAC has done an examination on that," he said.
The examination was based on Para 3.3.1 of CAG Report No. 6 of 2026 on "Short transfer of levies and cess collections to designated funds".
The Consolidate...
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