Categories: Important Days

Central Excise Day 2022: Things you need to know

Central Excise Day, which is observed on February 24 commemorates the Central Excise and Salt Act which was enacted on 24th February 1944. This annual event is celebrated to highlight the essential role played by the Central Excise Department in the industrial development of the country.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

The purpose of celebrating the day is to inform the common public of the country about the importance of the Central Board of Excise and Customs (CBEC). Several events are organized by the central board on this day, which includes seminars, workshops, educational and cultural programmes, awareness programmes, competitions, and award ceremonies.

HOW IS CENTRAL EXCISE DAY CELEBRATED?

To celebrate the occasion, several programs like seminars, workshops, educational and cultural events, awareness programs, competitions, and award ceremonies are organised all over the country. In addition to that, awareness programs are also run by the concerned departments and higher authorities.

HISTORY OF CENTRAL EXCISE DAY:

From the starting of the civilisations, salt has been an important commodity. Salt was considered to be one of the sources of revenue by the native governments in India in various forms, such as excise duties, transit tax and much more. There was generally no uniformity in the matter of administrative control for the collection of salt revenue.

The myriad provinces and the other contemporary Indian states had their own mechanism of administration and tax collection. In 1944, the Indian tax system was reformed by the Indian government to make payment of taxes easier. The Central Excises and Salt Act consolidated and amended the laws relating to central duties of Excise and salt having special provisions relating to salt.

This act repealed all the previous legislations relating to production and transport of salt like including the Bombay Salt Act, 1890, Madras Salt Act, 1884 and Indian Salt Act, 1882.

About CBIC:

Central Board of Indirect Taxes and Customs (CBIC) is a branch of the Department of Revenue which lies under the Ministry of Finance, Government of India. Work done by it is the calculations of policy related levy and collection of Customs, Central Excise duties, CGST and IGST, prevention of smuggling and administration of matters relating  the above mentioned subjects, and Narcotics to the extent under CBIC’s purview.

The subordinate organisations of the Board are the administrative authority and consists of Custom Houses, Central Excise and Central GST Commissionerate, and the Central Revenues Control Laboratory.

CENTRAL EXCISE DAY 2022 : SIGNIFICANCE :

Central Excise Day values the contribution of the Central Board of Indirect Taxes and Customs (CBIC) to India, the officers concerned with it and their services. The day also encourages CBIC employees to carry out their duties with utmost sincerity as they have the responsibility of checking the scam related to goods from the manufacturing sector.

Since 1944, the duties and responsibilities of CBIC have only increased. Few of the duties performed by CBIC are  formulating policies concerning levy and collection of Customs, Central Excise duties, Central Goods & Services Tax and IGST, prevention of smuggling. The aim of celebrating the occasion is also to inform the people of the country about the value of CBIC and carry out their work with utmost responsibility.

Find More Important Days Here

Recent Posts

Yuliia Svyrydenko Appointed as New Prime Minister of Ukraine

In a significant political development amid the ongoing Russia-Ukraine conflict, Yuliia Svyrydenko, former Economy Minister…

8 hours ago

Ahmedabad Declared Cleanest City In Swachh Survekshan 2024–25

The Swachh Survekshan 2024–25, India’s largest cleanliness survey conducted by the Ministry of Housing and…

8 hours ago

Zepto’s Founders Top In Hurun India U30 List 2025

The Hurun India U30 List 2025, released in collaboration with Avendus Wealth, marks a defining…

9 hours ago

Indian Army Successfully Tests Akash Prime Air Defence System at 15,000 ft in Ladakh

In a major boost to India's indigenous defence capabilities, the Indian Army successfully tested the…

10 hours ago

Current Affairs 18th July, 2025

National News Shubhanshu Shukla Successfully Returns After Axiom-4 Space Mission Group Captain Shubhanshu Shukla, an…

11 hours ago

Nelson Mandela International Day 2025, Date, Theme, Significance

Nelson Mandela International Day, observed annually on 18th July, commemorates the birth of Nelson Mandela,…

11 hours ago