Central Excise Day is celebrated every year on February 24 across India. 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. This is done to encourage the officers to carry out their duties with utmost sincerity. The officers, every year perform checking of corruption in goods from the manufacturing sector. The day is celebrated to commemorate the legislation of the Central Excise and Salt act on 24 February 1944.
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: M. Ajit Kumar.
- Headquarters of Central Board of Excise and Custom: New Delhi.
- Central Board of Excise and Custom Founded: 1 January 1964.