Central Excise Day 2022: All you need to know about significance, history and celebrations

Central Excise Day is marked on 24 February each year to honour the contributions of the Central Board of Indirect Taxes and Customs (CBIC)....

Central Excise Day is marked on 24 February each year to honour the contributions of the Central Board of Indirect Taxes and Customs (CBIC). The day also commemorates the anniversary of the enactment of the Central Excise and Salt Act on 24 February, 1944.

What is the Central Board of Indirect Taxes and Customs?

A part of the department of Revenue under the Ministry of Finance, the CBIC plays a vital role in formulating policies related to “levy and collection of Customs, Central Excise duties, Central Goods & Services Tax and IGST, prevention of smuggling and administration of matters relating to Customs, Central Excise, Central Goods & Services Tax, IGST and Narcotics”, according to their official website.

The CBIC was earlier known as the Central Board of Excise and Customs. The Board was established to help the government formulate, and implement, laws and polices related to customs duties in a more efficient manner.

The CBIC is also responsible for the timely collection of dues such as the Goods and Services Tax (GST), Service Tax and custom duties and levies. It also provides information to international travellers on products they cannot bring into the country such as fire-arms, flat-panel televisions and so on.

What are the commitments of the CBIC?

The CBIC is committed to educate citizens of India about the various indirect tax laws in the country. The Department is focussed on combating corruption and promoting integrity. It also aims to promote a collaborative and consultative environment between citizens and the department.

Officers of the CBIC also prevent smuggling across the country’s borders, especially that of illegal substances.
The Custom Houses, Central Excise and Central GST Commissionerates and the Central Revenues Control Laboratory comes under the control of the Central Board of Indirect Taxes and Customs.

How is the day celebrated?

Various seminars, forums, awareness programs, competitions and discussions are organised on Central Excise Day. Award ceremonies are also organised by the CBIC as well as state excise departments to honour officers.

 

 

Read Also

General knowledge

Name

Article,3,ASE News,2,BBC News - Technology,44,Business,23,codecanyon,3,DPR,1,Education / Employment,1,Entertainment,10,General knowledge,2,IANS – The Siasat Daily,8,IFTTT,49,India news,3181,Latest news,1,Madhy Pradesh,465,main,19,National,162,News,1,PTI – The Siasat Daily,3,Sports,11,themeforest,1,World,22,World News,1079,
ltr
item
India World News: Central Excise Day 2022: All you need to know about significance, history and celebrations
Central Excise Day 2022: All you need to know about significance, history and celebrations
India World News
https://www.asenews.page/2022/02/central-excise-day-2022-all-you-need-to.html
https://www.asenews.page/
https://www.asenews.page/
https://www.asenews.page/2022/02/central-excise-day-2022-all-you-need-to.html
true
8343353446356446311
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content