Central Excise Day of India is celebrated every year on February 24. The day is being celebrated to honour the service of the Central Board of Excise and Custom (CBEC) to the country. The day is celebrated to honour the officers associated with CBEC and their services. The day is celebrated to commemorate the legislation of the Central Excise and Salt act on 24 February 1944.
Central Excise Day 2022: Significance
- The central excise day is celebrated to raise awareness about the contribution of the central excise officers among the general public of the country.
- The jobs of the members of the Central Board of Indirect Taxes and Customs in preventing corruption among the manufacturing industries are worth appreciation and encouragement.
About Central Board of Indirect Taxes and Customs:
- The Central Board of Indirect Taxes and Customs is formerly known as the Central Board of Excise and Customs. The Customs and Central Excise/ Central GST department was established to administer customs laws.
- Now the department is under the Department of Revenue, Ministry of Finance which deals with the policy formulation concerning 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 to the extent under CBIC’s purview.
Important takeaways for all competitive exams:
- Chairman of Central Board of Excise and Custom: Vivek Johri.
- Headquarters of Central Board of Excise and Custom: New Delhi.
- Central Board of Excise and Custom Founded: 1 January 1964.