Central Excise Day 2023: Know About Its History, Significance and More

Every year on February 24, the Central Excise and Salt Act is commemorated, as are the contributions of the Central Board of Indirect Taxes and Customs (CBIC). The annual event acknowledges the Central Excise Department's contribution to the nation's progress.

The CBIC, formerly known as the Central Board of Excise and Customs, was established to assist the government in more efficiently developing and implementing customs laws and policies. Let us learn about the Central Excise Day 2023 theme, history, and significance.

Central Excise Day 2023: History

The CBIC is part of the Government of India's Department of Revenue, Ministry of Finance. This organisation is in charge of collecting and managing customs and excise duties, among other things. It contributes to the smooth operation of customs and excise duty collection.

This day's origins can be traced back to 1944, when the government passed the Central Excise and Salt Act. Prior to the establishment of this day, each state had its own unique method of collecting taxes and generating revenue.

Significance of Central Excise Day

The Central Revenues Control Laboratory, Central GST Commissionerate, Central Excise, and Custom Houses are all part of the CBIC. The Board helps the government in more effectively developing and implementing customs laws and policies. It also makes sure that indirect taxes such as GST (Goods and Services Tax), Customs Duties, Service Tax, and other levies are collected on time.

The following points explain why Central Excise Day is important in the CBIC department's effort to support the integrity and root out corruption.

• The goal of Central Excise Day is for the CBIC to educate Indian citizens on the numerous indirect tax rules that apply to the country's industrial sector.

• The CBIC ensures that national smuggling, particularly the smuggling of illegal substances, is avoided.

• CBIC seeks a courteous and consultative relationship with the department and Indian citizens.

How to Celebrate Central Excise Day?

Every year on February 24th, Central Excise Day is observed throughout the country. This is how most people celebrate this day:

• The Central Board of Indirect Taxes and Customs (CBIC), its officers, and their services are recognised on Central Excise Day.

• Workshops, seminars, award ceremonies, competitions, and cultural and educational programmes are held to commemorate Central Excise Day.

• On this day, people are given information about the CBIC's role and responsibilities.

Krishi Jagran would like to wish all dedicated employees of the Central Excise Department a very Happy Central Excise Day!!