Updated By: LatestGKGS Desk
The Central Excise Day is celebrated every year on 24 February in India with an aim to encourage the employees of the excise department to carry out the central excise duty all over India in a better way.
The Central Excise Day also aims to prevent the corruption in goods manufacturing business as well as implement other rules to carry out the best possible excise services.
The Central Excise Day is also celebrated every year to commemorate the Central Excise and Salt Act, which was enacted on 24 February 1944.
To mark the Central Excise Day, the Central Board of Excise and Customs (CBEC) the Central Excise Day officers, all over the country organized seminars, workshops, trade interactions, and cultural events.
The Central Board of Excise and Customs (CBEC) is a part of the Department of Revenue under the Union Ministry of Finance. It deals with policy formulation concerning levy and collection of Customs and central excise duties and service tax.
The CBEC primarily deals with the Customs Act, 1962, Customs Tariff Act, 1975, Central ExciseAct, 1944 and Service Tax Act. After the rollout of the Goods and Services Tax (GST) from 1 July 2017, the activities of the board will be guided by the GST-related Acts.
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