Central Excise Day is observed annually on February 24 to mark the establishment of the Central Excise and Salt Act, 1944. This day acknowledges the contributions of the Central Board of Indirect Taxes and Customs (CBIC) and its officers in ensuring efficient tax administration, curbing corruption, and facilitating India’s economic growth. It highlights the importance of excise duty as a major source of government revenue, which funds essential public welfare programs like education and healthcare.
History and Significance
- The Central Excise and Salt Act was enacted on February 24, 1944, consolidating 11 excise-related Acts into a single law.
- It laid the foundation for modern excise taxation in India.
Over time, the Central Board of Excise and Customs (CBEC) was renamed Central Board of Indirect Taxes and Customs (CBIC) to reflect its expanded role, including,
- Customs duties
- Goods and Services Tax (GST)
- Anti-smuggling operations
- Central Excise Day celebrates tax officers’ efforts in enforcing excise regulations, preventing illegal trade, and promoting tax compliance.
Theme for Central Excise Day 2025
- The official theme for Central Excise Day 2025 has not yet been announced.
The event generally revolves around,
- Enhancing tax compliance
- Raising awareness of excise duties
- Recognizing excise officers’ contributions
- Simplifying tax administration to boost economic growth
Celebrations and Activities
- On Central Excise Day, several programs are conducted across India to raise awareness and recognize excise officers’ dedication,
- Workshops & Seminars – Educating businesses and the public on excise laws and best practices.
- Award Ceremonies – Honoring excise officers for exceptional service in enforcing tax laws.
- Awareness Campaigns – CBIC organizes campaigns to promote compliance among manufacturers and traders.
Impact of Central Excise
Even after the introduction of GST, central excise duties remain applicable on select goods like,
- Petroleum products
- Alcohol
- Tobacco
These levies generate substantial government revenue, contributing to,
- Public infrastructure
- Healthcare
- Education programs
The day serves as a reminder of excise duty’s role in maintaining economic stability and national development.
Summary/Static | Details |
Why in the news? | Central Excise Day 2025: Key Details, Theme, and Importance |
Established By | Central Excise and Salt Act, 1944 |
Organizing Body | Central Board of Indirect Taxes and Customs (CBIC) |
Significance | Recognizes excise officers’ contributions to tax enforcement and economic growth |
Theme (2025) | Yet to be announced (focuses on tax compliance & economic growth) |
Key Activities | Seminars, award ceremonies, awareness campaigns |
Impact | Supports public welfare through excise duty collection on select goods |