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<h1>India's Finance Ministry Grants Financial Approval Powers to CBDT and CBEC Chiefs for Office Works up to Rs. 1 Crore.</h1> The Government of India, Ministry of Finance, has issued an office memorandum delegating financial powers to the Chief Commissioners of the Central Board of Direct Taxes (CBDT) and Central Board of Excise and Customs (CBEC). These officials are now authorized to approve financial expenditures up to Rupees One Crore for original works related to office accommodation, provided funds are allocated under the Ministry of Urban Development/CPWD Grant. This delegation eliminates the need for vetting by the Internal Finance Unit (IFU). Chief Commissioners must ensure compliance with prescribed norms and submit a certificate of satisfaction to their respective boards. Other provisions from the previous memorandum remain unchanged.