Central Excise Day is celebrated every year on February 24 across India to encourage the employees of excise department to carry out the central excise duty in a better way.
Central excise has become the vital source of the financial development of the country for the better socio-economic development in India. In the back years, the financial revenue of the country has become double through the better service delivery standards of the central excise departments.
The revenue collection through the central excise department is used in the following schemes such as education, health including other schemes of the social sector. Central excise supports a lot to improve the Indian economy for eliminating the poverty and illiteracy, offering better education and health services and etc to make the country a healthy and developed country.
About Central Board of Indirect Taxes and Customs
The Central Board of Indirect Taxes and Customs is formerly known as the Central Board of Excise and Customs. The Customs and Central Excise / Central GST department was established to administer customs laws. Now the department is under the Department of Revenue, Ministry of Finance which deals with the policy formulation concerning levy and collection of Customs, Central Excise duties, Central Goods & Services Tax and IGST, prevention of smuggling and administration of matters relating to Customs, Central Excise, Central Goods & Services Tax, IGST and Narcotics to the extent under CBIC’s purview.
The Board is the administrative authority for its subordinate organizations, including Custom Houses, Central Excise and Central GST Commissionerates and the Central Revenues Control Laboratory.
Why Central Excise Day is Celebrated
A day, 24th of February, has been decided by the government of India to celebrate this special event all through the country. The event celebration means to collect tax over the goods and by the people earning over the limit which has been decided according to the terms of Central Excise Act in the year 1944. The tax payable rate has been set under Schedule I and II according to the Central Excise Tariff Act in the year 1985.
According to the Central Excise law, the payable event is mainly over the manufactured goods, which has been managed by the Central Board of Excise and Customs (CBEC) through various field offices (means Central Excise Commissionerates) all over the country. Central Board of Excise and Customs fall under the Department of Revenue managed by the Ministry of Finance, Government of India.
The department of Central Board of Excise and Customs has been established in order to make and implement policies related to the tax payable and its collection by the people all through the country. To do this in better way, Customs and Central Excise duties has been implemented to prevent negative business ways means smuggling as well as to manage all the issues related to the central excise, customs and narcotics in India to a great level. To handle and manage all the matters in the country, whole India has been divided in 10 zones and each of the zones is headed by the Chief Commissioner of Central Excise. Almost 61 Commissionerates is headed by the Commissioner of Central Excise in all the Zones.
Following two types of the processes are carried out by the Central Excise department in order to put into effect all the laws and collections of the central excise:
Physical Control Process
Physical control process has been implemented in order to manage the central excise duty for cigarettes only. Through this process, first of all an evaluation is done under the custody of Central Excise officers for the approval purpose.
Self Removal Process
Self removal process has been implemented in order to manage the central excise duty for all other goods getting manufactured all through the India. In this process, all the legal responsibilities on the goods are self accessed by the manufacturers in order to clear the goods.
Importance of Celebrating the Central Excise Day
Central excise day in India is celebrated every year on 24th of February to encourage the equality among the officers of the Central Board of Excise and Customs Department as well as assist them to ensure better tax observance. It is also celebrated to commemorate the establishment of the Central Excise and Salt Act on 24th of February in the year 1944.
How Central Excise Day is Celebrated
Central excise day is celebrated in India by organizing variety of theme based programmes, cultural events, workshops, awareness programs, competitions and seminars in various states of the country. At this day, an award ceremony is held to honor the sincerely and honestly working employees by rewarding them through the prize for paying their truthful service to the Government. Through this event celebration, variety of other activities is planned to implement in the celebration.
What are Duties of the Central Excise Department
Excise is a tax decided to be charged over the goods manufactured in the country. Excise duties are carried out by the Central Excise Departments in India to collect the tax payable over each and every goods manufactured in the country including tobacco and excluding Alcohol and Opium. The collection of the tax payable related to the Alcohol and Opium is carried out by the State Excise Department.
All the departments of the central excise are responsible for the excise duties such as checking the avoidance of the tax payable, protecting the country from smuggling activities and collecting the revenues to financially support the country in order to carryout the socio-economic development of the country.
How to Get Registered to the Excise Department
People need to get registered to the excise department who are already engaged, getting engaged or going to be engaged in the activities like producing or manufacturing the excisable goods in the country. Group of people who are required to be registered are manufacturer, curer, producer, broker or commission agent, owner of any showroom or warehouse, dealer or importer and etc.
To get registered, people need to submit an application to Range Superintendent as well as fill the form R-1. People, who are engaged in manufacturing the excisable goods in the country which are stated in The Central Excise Tariff Act of the year 1985, must follow the following:
- The goods manufactured by them should be movable.
- The goods produced by them should be marketable and produced by the manufacturing process.
- The goods they are manufacturing should be declared in the Central Excise Tariff Act, 1985.