At least once a year, the authorized officer shall inspect or have a separate employee or technician other than the employee in charge of the goods inspect or arrange to do so, and take a written report on the condition of the goods stored by the local body in accordance with this regulation. Arrangements will have to be made. In this way, after receiving the inspection report, if any goods are found which are exempted from income tax, the price and details must be disclosed.
(2) In the report according to sub-rule (1), the following should be disclosed:-
(a) How much and in what condition are the goods not affected by income in the goods book? (b) Whether the preservation and maintenance of the goods has been done well or not,
(c) How much of the goods are in need of repair,
(d) How much of the goods will have to be sold by auction or sold for sale,
(e) Whether or not the goods have been used, whether or not there has been any damage, and if so, by whose negligence,
(f) comparative statement of the quantity used in the previous year and the quantity purchased in the current financial year of the same type of goods,
(G) Other matters prescribed by the Office of the Controller General of Accounts and the Ministry.
(3) After receiving the inspection report according to sub-rule (1), the authorized officer shall auction the goods within six months and if maintenance is to be done, the budget shall be arranged and done within three months.
(4) From among the reports as per sub-rule (1), the details of the land owned by the local body, archaeological or historical sites shall be submitted annually to the relevant ministry and the local development ministry.