Central Excise Day: Everything You Need To Know

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Celebrated Across India – 24th February

Takeaways:

Motto: देशसेवार्थ करसंचय (Sanskrit) – Tax collection in Service of the Nation
Chairman of Central Board of Excise and Custom: M. Ajit Kumar.
Headquarters of Central Board of Excise and Custom: New Delhi.
Formed on 26 January 1944
General nature: Federal law enforcement
Parent agency: Ministry of Finance, Department of Revenue, Government of India.

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 (CBIC) (Hindi: केंद्रीय अप्रत्यक्ष कर एवं सीमा शुल्क बोर्ड) is the nodal national agency responsible for administering Customs, GST, Central Excise, Service Tax & Narcotics in India. The Customs & Central Excise department was established in the year 1855 by the then British Governor-General of India, to administer customs laws in India and collection of import duties/land revenue. It is one of the oldest government departments in India.

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.

The Board is the administrative authority for its subordinate organizations, including Custom Houses, Central Excise and Central GST Commissionerates and the Central Revenues Control Laboratory.