Central Excise Day [24th February]

By : Neha Dhyani

Updated : Apr 26, 2022, 6:21

To encourage Central Excise employees to perform their duties with greater care and efficiency, Central Excise Day is celebrated on the 24th of February every year. The purpose is to try and prevent corruption in the goods manufacturing business and implement the central excise laws relating to business to the best extent possible.

This day is a commemoration of the Central Excise and Salt Act dating back to 24th February 1944. The contribution of the Central Excise department to the nation's industrial development is highlighted on this day.

History of Central Excise Day

Salt has been an important source of revenue for the government and has been collected in the form of transit tax, excise duty, and similar taxes.

Before the Central Excise and Salt Act 1944, each state had its own method of tax collection and administration. The Act consolidated and streamlined the laws of cental Excise and salt and made the revenue collection process more efficient.

Previous acts like the Indian Salt Act 1882, Madras Salt Act 1884, and Bombay Salt Act 1890 were cancelled.

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Importance of Central Excise Day

Central Excise Day is meant to highlight the importance of Central Excise employees belonging to the CBIC, which was previously known as the Central Board of Excise and Customs. It was founded on 1st January 1964. A lot of duties and responsibilities have been added for the officers of Central Excise.

Some of these duties include policy formulation for Customs levy and collection, Central Goods & Services Tax, IGST, Central Excise duties, and preventing smuggling.

CBIC is a part of the Department of Revenue under the Government of India's Ministry of Finance. The board is responsible for the administrative function. It comprises the Central Revenues Control Laboratory, Central GST Commissionerate, Central Excise, and Custom Houses.

The Board assists the Government in formulating and implementing laws and policies relating to customs more efficiently. It ensures timely collection of indirect taxes like GST (Goods and Services Tax), Customs Duties, Service Tax, and other levies.

CBIC also prohibits international travellers from bringing banned products into the country like flat-panel televisions, firearms, and more.

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How is Central Excise Day Celebrated?

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

Central Excise Day is celebrated by organizing workshops, seminars, award ceremonies, competitions, and cultural and educational programs.

Central Excise Day Significance

The goal of CBIC is to make the citizens of India aware of the different indirect tax laws that are applicable to the manufacturing industry in India on Central Excise Day. The department tries to promote integrity and combat corruption. CBIC tries to create a harmonious and consultative relationship between the department and the citizens of India.

It is the duty of Central Excise officers to ensure smuggling is prevented across the borders of the nation, primarily illegal substances.

Central Excise is an important tax that helps in the industrial growth of India, and hence Central Excise Day is celebrated on the 24th of February every year. The contributions of the CBIC are also recognized on this day.

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FAQs on Central Excise Day

Q.1. When is Central Excise Day celebrated?

Central Excise Day is celebrated on February 24 every year.

Q.2. Why is Central Excise Day celebrated?

Central Excise Day is celebrated to familiarize the citizens with the functions of the Central Excise officers in how they prevent smuggling and contribute to national development.

Q.3. How is Central Excise Day celebrated?

Central Excise Day is celebrated through workshops, seminars, and awarding officers of Central Excise.

Q.4. Which Act is Associated With Central Excise Day?

Central Excise Day is associated with the Central Excise and Salt Act 1944.

Q.5. Which Department is Highlighted on Central Excise Day?

The contribution of the Central Board of Indirect Taxes and Customs (CBIC) is highlighted on Central Excise Day.