Performance Security – Ministry of Defence Clarification
कार्यालय रक्षा लेखा महानियंत्रक
Controller General of Defence Accounts
उलान बटार रोड, पालम, दिल्ली छावनी-110010
Ulan Batar Road, Palam, Delhi Cant-110010
All PCsDA/PCA (FYs)/PIPFAs/CsDA/CFAS(FYs)/IFAS
(Through CGDA Website/SIFA)
Circular No. 06 of 2021
Sub: Clarification w.r.t. Performance Security.
Ref: HQrs IFA Wing Circular No. 01 of 2021 dated 04.01.2021 and Circular No. 04 of 2021 dated 19.01.2021.
In continuation of HQrs Circulars cited under reference, a copy of Ministry of Defence (Finance) letter No. 231(14)/2016/Bud-II (Pt) dated 29 January, 2021 on above subject is forwarded herewith for kind information, guidance and necessary action please.
This issues with the approval of Addl. CGDA (Finance).
Encl: As above.
MENISTRY OF DEFENCE (FINANCE)
Dated: 29 January, 2021
Subject: Clarification w.r.t. Performance Security.
Reference is invited to MOD (Fin) OM of even No. Dated 5th January, 2021 issuing clarification w.r.t. applicability of the reduced amount of Performance Security, notified vie MoF OM No. F.9/4/2020-PPD dated 12th November, 2020.
2. In continuation of the above OM of MOD (Fin), it is clarified that the referred OM and MoF’s instructions issued vide MoF OM dated 12-11-2020 are applicable to all vendors, whether Indian or Foreign.
- All the Secretaries of the Departrnents under MoD
- All Additional Secretaries in MoD
- VCOAS, VCAS, VCNS, CISC
- DG (Acquisition)
- All Joint Secretaries and Additional FA and JSs In MoD
- AIL FMs
- O/o CGDA
Copy tor inforrmation to:
- S.O. to Def Secy
- PPS to FA(DS) Incharge