Section 10(4) in The first statutes of the Indian Institute of Technology (Indian School of Mines), Dhanbad, 2017
(4)The Director shall have the power to write off irrecoverable losses and irrecoverable value of stores lost or rendered unserviceable due to fair, wear and tear on the recommendation of a Standing Committee appointed by the Board for such purpose subject to such financial limit, as may be specified by the Board from time to time.
