Transcription of CHAPTER-12 PURCHASE PROCEDURE REGULATION
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CHAPTER-12 PURCHASE PROCEDURE REGULATION
CHAPTER-12 _____ PURCHASE PROCEDURE REGULATION The following PURCHASE PROCEDURE in the University has been recommended as detailed below: Definition of Goods (a) The definition goods includes all articles, material, commodities, livestock, furniture, fixtures, raw material, spares, instruments, machinery, equipments, industrial plant etc., purchased of otherwise acquired for the use of Institute but excludes books, publications, periodicals, etc. for a library. (b) Every PURCHASE case should be initiated on receipt of a written requirement/ requisition, with detailed specification. PURCHASE PROCEDURE The University may follow either of the two procedures given in this chapter viz.
(ix) Any other approved sources approved from time to time. 12.3 Standing Purchase Committee 12.3.1 The Vice- Chancellor of the University shall appoint Central/ Standing Purchase Committee for the purchase of store items. FUNCTIONS: (a) This Committee shall act for purchase of articles in bulk i.e. valuing Rs.50000/- and above
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