Central Excise Day

Central Excise Day

Central Excise Day is celebrated on 24th February every year to honour the efforts of the Central Board of Indirect Taxes and Customs (CBIC). This day is about acknowledging the work of the CBEC members and motivating them to perform their duties with greater efficiency. Central Excise Day commemorates the Central Excise and Salt Act, which was passed on 24th February 1944.

On Central Excise Day, the contribution of the Central Excise department to the nation’s industrial development is highlighted. We have shared more information about the history and significance of this day here.

Central Excise Day 2023
Central Excise Day is celebrated to appreciate the work of the Central Board of Excise and Customs (CBIC). The CBIC works under the Department of Revenue, Ministry of Finance, Government of India. This organisation is concerned with collecting and managing affairs of customs, excise duties, etc.

The role of the CBIC is central to the smooth functioning of customs and excise duty collection.

Central Excise Day: History
The history of Central Excise Day can be traced back to 1944 when the Central Excise and Salt Act was passed by the government. Salt has been an important source of revenue for the government and has been collected in the form of transit tax, excise duty, and similar taxes. Central Excise Day commemorates the passing of this Act.

Before the Central Excise and Salt Act 1944, each state had its own method of tax collection and administration. The Act consolidated and streamlined the laws of central Excise and salt and made the revenue collection process more efficient. Central Excise Day marks this important Act and highlights its importance.

About CBIC
CBIC is a part of the Department of Revenue under the Government of India’s Ministry of Finance. The board is responsible for the administrative function. Here are some more facts about the CBIC –

It comprises the Central Revenues Control Laboratory, Central GST Commissionerate, Central Excise, and Custom Houses.
The Board assists the Government in formulating and implementing laws and policies relating to customs more efficiently.
It ensures the timely collection of indirect taxes like GST (Goods and Services Tax), Customs Duties, Service Tax, and other levies.
CBIC also prohibits international travellers from bringing banned products into the country like flat-panel televisions, firearms, and more.
Role of Central Board of Indirect Taxes and Customs
Central Excise Day is celebrated on 24th February every year to commemorate the establishment of the CBIC on this day in 1944. The Central Board of Indirect Taxes and Customs (CBIC) was formerly known as the Central Board of Excise and Customs (CBEC). The CBIC is a government organization working under the Department of Revenue, Ministry of Finance. The role of the CBIC is discussed here –

The primary purpose of this organisation is to try and prevent corruption in the goods manufacturing business.
CBIC is also concerned with implementing the central excise laws relating to business to the best extent possible.
It also deals with policy formulation in the domain of Customs, Central Excise duties, and much more.
Central Excise Day is an annual celebration in India observed in honour of this organization.
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.
Central Excise Day: Significance
On Central Excise Day, the goal of CBIC is to make the citizens of India aware of the different indirect tax laws that are applicable to the manufacturing industry in India. The following points are the reasons for the significance of Central Excise Day –

The CBIC department tries to promote integrity and combat corruption.
CBIC tries to create a harmonious and consultative relationship between the department and the citizens of India.
CBIC ensures that smuggling is prevented across the borders of the nation, primarily the smuggling of illegal substances.
Central Excise is an important tax that helps in the industrial growth of India, and hence Central Excise Day is celebrated on the 24th of February every year. The contributions of the CBIC are also recognized on this day.
How is Central Excise Day Celebrated?
Central Excise Day is celebrated nationwide on 24th February every year. Here is how this day is generally observed –

On Central Excise Day, the contribution of the Central Board of Indirect Taxes and Customs (CBIC), its officers, and their services are recognized.
Central Excise Day is celebrated by organizing workshops, seminars, award ceremonies, competitions, and cultural and educational programs.
Information about the role and responsibilities of the CBIC is spread among people on this day.

FAQs on Central Excise Day:-
Q.1. When is Central Excise Day celebrated?
Central Excise Day is celebrated on 24th February 24 every year in India to recognize the contributions of the Central Board of Indirect Taxes and Customs (CBIC). Central Excise Day also commemorates the passing of the Central Excise and Salt Act on 24th February 1944.

Q.2. Why is Central Excise Day celebrated?
Central Excise Day is celebrated to familiarize the citizens with the functions of the Central Excise officers in how they prevent smuggling and contribute to national development. Central Excise Day also commemorates the day of passing of the Central Excise and Salt Act on 24th February 1944.

Q.3. How is Central Excise Day celebrated?
Central Excise Day is celebrated by conducting workshops, seminars, and other public events to make people aware of the duties and responsibilities of the Central Board of Indirect Taxes and Customs (CBIC). It is also celebrated by awarding officers of the Central Excise department.

Q4. 24 February is celebrated as?
24 February is celebrated as Central Excise Day in India. This day is celebrated to mark the passing of the Central Excise and Salt Act on 24th February 1944. On Central Excise Day, the contributions and duties of the Central Board of Indirect Taxes and Customs are highlighted.

Q5. What is the theme of Central Excise Day 2022?
Central Excise Day theme 2022 revolved around encouraging and appreciating people working in customs and excise departments. Without the people involved in these departments, we would not be able to prevent illegal trade, smuggling, etc. Therefore, the Central Excise Day theme is about highlighting the efforts of the customs department.

Source:-
https://byjusexamprep.com

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