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Central Excise Day - February 24
February 25 , 2020
1525 days
1070
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- The day is celebrated annually to mark the enactment of the Central Excise and Salt Act, 1944.
- The Central Board of Excise and Customs (CBEC) celebrated the Central Excise Day across the country.
- Central Board of Excise and Customs (CBEC) is a part of the Department of Revenue under the Union Ministry of Finance.
- The board primarily deals with the Customs Act, 1962, Customs Tariff Act, 1975, Central Excise Act, 1944 and Service Tax Act.
- However, after the roll out of the Goods and Services Tax (GST) from 1 July 2017, the activities of the board are guided by the GST-related Acts.
About
- Earlier the Central Board of Excise and Customs was known as The Central Board of Indirect Taxes and Customs.
- The Customs and Central Excise/ Central GST department was established in the year 1855 by the then Governor-General of India, to administer customs laws.
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