Central Excise Day 2024 History, Significance

Central Excise Day 2024: Every year in India, Central Excise Day i.e. Central Excise Day is celebrated on 24th February. This day is dedicated to the establishment of the Central Excise and Salt Act 1944. This day was first celebrated in 1944, and it is celebrated to commemorate the contribution of the Central Board of Indirect Taxes and Customs (CBIC) in the country.

The Central Board of Excise and Customs (CBIC) is responsible for the administration of indirect taxes in India. CBIC was established in the year 1944 to monitor the levy of central excise duty on goods and services produced and manufactured in India. The day is also dedicated to the officers of CBIC who work tirelessly to ensure that the goods produced and consumed in India are of good quality and meet safety standards.

History

Central Excise Day started in 1944. That year the Government of India had approved the Central Excise and Salt Act. It was a combination of 11 Acts relating to excise duty, and was passed to make changes in the law relating to salt and central duties. On 24 February 1944, the Central Excise and Salt Act was passed, and Central Excise Day is celebrated to commemorate this law. In 1966, the Act was renamed the Central Excise Act 1944, and Schedules 1 and 2 of the Act dealt with the values ​​and rates of duties.

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Importance

The significance of celebrating Central Excise Day is to recognize and honor the contribution of CBIC and its officials to the country. This day reminds the citizens of the country to pay their taxes on time and contribute to the development of the nation. The government is committed to reforming the tax system in India and making it more user-friendly.

In honor of this special occasion, a variety of seminars, workshops, educational and cultural programs, awareness programs, competitions and award ceremonies are organized across the country. Apart from this, higher officials and departments run many types of programs for awareness.

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