The Central Excise Day is observed on February 24 every year in India to honour the contributions of the Central Board of Indirect Taxes and Customs (CBIC) to the Indian economy.

Important Days

The Central Excise Day is observed on February 24 every year in India to honour the contributions of the Central Board of Indirect Taxes and Customs (CBIC) to the Indian economy. The day commemorates the establishment of the Central Excise and Salt Act, which came into effect in 1944. On February 24, 1944, the Central Excise and Salt Act was established. This is said to have paved the way for the establishment of the excise department in the country. This day is observed to commemorate the legislation of the Central Excise and Salt Act, aimed at monitoring the production and regulation of salt and other manufactured goods. The Act was a combination of 11 Acts concerning excise duties and was passed to make changes in the law related to salt and central duties. Later, in 1966, the name of this Act was changed to The Central Excise Act, 1944.


      CBIC, which was previously known as the Central Board of Excise and Customs, is a major part of the Department of Revenue under the Ministry of Finance.

     

     

 

     


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