If the residual value of surplus or obsolete or unserviceable goods is above a certain threshold, such goods should be disposed of by obtaining bids through advertised tender or public auction. Which one of the following is the prescribed threshold?
A. Rupees 1.5 Lakh
B. Rupees 2.0 Lakh
C. Rupees 2.5 Lakh
D. Rupees 3.0 Lakh
Answer:B
If the residual value of surplus or obsolete or unserviceable goods is above a certain threshold, such goods should be disposed of by obtaining bids through advertised tender or public auction. Which one of the following is the prescribed threshold?
A. Rupees 1.5 Lakh B. Rupees 2.0 Lakh C. Rupees 2.5 Lakh D. Rupees 3.0 Lakh