Central Board of Indirect Taxes and Customs [CBIC]

By : Neha Dhyani

Updated : Mar 25, 2022, 13:32

The Central Board of Indirect Taxes and Customs (CBIC), earlier known as the Central Board of Excise and Customs (CBEC), is a central authority of the Government of India accountable for managing indirect taxes like central excise, GST, service tax, customs, and more in India.

In addition, the Central Board of Indirect Taxes and Customs (CBIC) shoulders the responsibility of drafting a guideline regarding imposing and collecting Central Excise Duties, Customs, IGST, Central Goods, and Services Tax (CGST), and smuggling prevention. Keep reading the article below to learn more about the mission and functioning of CBIC that will help you during your UPSC exam preparation.

Central Board of Indirect Taxes and Customs (CBIC)

Here are some key facts about the Central Board of Indirect Taxes and Customs (CBIC).

  • The CBIC (Central Board of Indirect Taxes and Customs) was earlier known as the CBEC (Central Board of Excise and Customs).
  • The primary responsibility of CBIC is creating guidelines for matters related to the imposition and collection of customs duties, central excise duties, IGST and central goods and services tax, and management of these taxes and allowing narcotics only till prescribed level.
  • The CBIC (Central Board of Indirect Taxes and Customs) holds the managerial authority for its subordinate institutions, including Central GST Commissionerates, Central Excise, Custom Organizations, and the Central Revenues Control Laboratory.
  • Central Board of Indirect Taxes and Customs is a statutory organization founded under the CBRA (Central Boards of Revenue Act) in 1963.
  • The Central Board of Revenue got established under the Central Board of Revenue Act (CBRA) in 1924 as the leading organization of the Income Tax Department.
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Central Board of Indirect Taxes and Customs (CBIC) Mission

  • Drafting advanced tax guidelines and procedures to facilitate seamless economic activities.
  • Realizing earnings in an equitable, fair, honest, and efficient way.
  • Handling cross-border activities of goods and individuals to guarantee the protection and safety of residents and the nation's economy.
  • Promoting power enhancement of all stakeholders to enhance adherence.
  • Embracing global most promising approaches and encouraging bilateral and multilateral transnational collaboration.
  • Funding human capital to accomplish a high level of competency, integrity, and responsibility.
  • Imposing services and goods tax across India as per state tax officials.
  • An ingenious use of technology and approaches for minimal intervention and maximum facilitation.
  • Fighting commercial scams and tax evasion with interventions based on risk estimation using predictive and analytics technology.

Regulatory Functions of CBIC

  • Imposition and collection of CGST, Customs, Central Excise duties and Integrated Goods and Services Tax (IGST).
  • Monitoring and Registration of units manufacturing service providers and excisable goods.
  • Scrutiny and receipt of returns and declarations registered with the department.
  • Combating tax evasion and preventing smuggling.
  • Execution of border management on conveyances and goods.
  • Inspection, review, and release of export goods and imported goods.
  • Execution of export advertising efforts.
  • Release of global passengers and their luggage.
  • Resolution of conflicts through organizational and statutory standards.
  • Sanction of the rebate, refund, and drawback.
  • Realization of arrears of earnings.
  • Audit of tax assessments for guaranteeing tax adherence.
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FAQs on CBIC

Q.1. What is the full form of CBIC in India?

The full form of CBIC is the Central Board of Indirect Taxes and Customs.

Q.2. Who is the present chairman of the Central Board of Indirect Taxes and Customs?

The current chairman of the Central Board of Indirect Taxes and Customs is M Ajit Kumar.

Q.3. When was CBIC instituted?

The CBIC (Central Board of Indirect Taxes and Customs) was instituted in 1963.

Q.4. What was CBIC earlier known as?

CBIC was earlier known as CBEC (Central Board of Excise and Customs).