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24th February Central Excise Day To instill a sense of o | ENGLISH EDITORIALS (SBI IBPS RRB RBI Po Clerk So)

24th February

Central Excise Day

To instill a sense of oneness & sincerity in service amongst officers of the Excise department, & to help public to ensure better tax compliance.

The day marks the establishment of Central Excise & Salt Act which was enacted on 24th February 1944

About Central Board of Indirect Taxes & Customs(CBIC)

Central Board of Indirect Taxes & Customs(CBIC) is the nodal national agency responsible for administering Customs, GST, Central Excise, Service Tax & Narcotics in India.

A part of the Department of Revenue under the Ministry of Finance, Government of India

With the enactment of the Finance Act, 2018, Central Board of Excise & Customs(CBEC) was renamed as Central Board of Indirect Taxes & Customs(CBIC)

The change was necessitated due to enactment of the Goods & Services Tax (GST) which has consolidated the multiple Indirect Taxes into one tax.

Chairman
Sh. Vivek Johri

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