Central Excise Day 2024: Why Is It Significant?

Central Excise Day, observed every year on February 24th in India, is a significant day that acknowledges the Central Board of Excise and Customs’s (CBEC’s) contributions to the country’s economic development.



Central Excise Day 2024: Why Is It Significant?

Two officers who work for the Central Board of Excise and Customs (CBEC) are having a lunch break conversation. One of them is a senior officer, and the other is a newly joined.

Senior Officer: Hey, you know the 24 February educational programs, right?

New joiner: yes, I was informed about it a few days ago. And they told me that I have to give a speech about the Central Board of Excise and Customs (CBEC) to educate an audience. On Central Excise Day 2024.

Senior officer: good for you. You are new here. It will help you to stand out.

The new joint looks Uninterested. And says after a few moments. Do you think these types of days help people to pay attention towards issues? I mean it is just for one day. The next day no one cares.

The senior officer does not reply immediately. And asks what do you think this day is for.

New joiner: Central Excise Day in India is celebrated on February 24th every year. To honour the Central Board of Excise and Customs (CBEC) which was established in 1944. I know about it. I read it when I was preparing for this job.

I asked you what this day is for not when it comes. Says the senior officer.

New joiner: The CBEC administers and enforces India’s customs and excise laws. The day is observed to honour the CBEC’s contributions to the development of the country’s economy as well as to recognize the hard work and dedication of employees like us.

Senior officer: that’s it. This day recognizes the critical role of the Central Board of Indirect Taxes and Customs (CBIC) and the officers like us who serve the country. It is a day to acknowledge the dedication and hard work of people in these departments. it will motivate us to continue performing our duties with relentless sincerity when people are paying attention towards us and our department when they recognize our contribution to the country’s development.

Every year, we meticulously inspect goods to combat corruption in the manufacturing sector. Our department the Central Excise Department makes significant contributions to the country’s industrial development.

He continues. Even if it is just for a day. It makes a significant impact on our work and our confidence. On these Days the department organises a seminar or conference to educate people about its history and significance. for example, we are invited as experts to speak on the topic in different places. which will show how important our department’s and our role is for this system and the economy of our country.

New joiner: you are right. Now I feel optimistic towards it. Thank you for pointing it out. Your welcome says, a senior officer. Now get back to work. And prepare an excellent speech for Central Excise Day.

New joiner: yes, I will.

Central excise is an indirect tax imposed on goods manufactured and produced, generates substantial income for the government and plays an important role in economic development.

The Central Board of Excise and Customs (CBEC) is responsible for the administration and enforcement of central excise laws in India. Their duties include collecting excise taxes, preventing smuggling and other illegal activities, and making adherence to laws and regulations. Central excise is critical to the government’s revenue and economic growth.

In recent years, the CBEC has implemented a variety of measures to improve the effectiveness and productivity of the central excise system. The most significant action is the Goods and Services Tax (GST), which has substituted several indirect taxes, including central excise.

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FAQ

1. When is Central Excise Day celebrated in India?

A. Central Excise Day is celebrated on February 24th every year in India.

2. What is Central Excise Day in India?

A. it is celebrated to honour the Central Board of Excise and Customs (CBEC) in 1944. The day recognizes the contributions of the CBEC to the country’s economic development.

3. What is the role of the Central Board of Excise and Customs (CBEC) in India?

A. The CBEC administers and enforces customs and excise laws in India. It collects excise duties, prevents smuggling and other illegal activities, and enforces central excise laws and regulations.

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