Central Excise Day – An indirect tax applied to Indian-made goods is called the central excise duty. It has been established that excisable goods are those that are listed as being subject to excise duty in the Central Excise Tariff Act. The Act makes no mention of “goods” being defined. As a result, it is interpreted in accordance with the Supreme Court’s rulings, and the meaning is taken from both the Constitution and the Sale of Goods Act.
Items that are mobile, able to be transported, marketable, or able to be sold, are considered to be those that fall under excise. Any procedure incidental or auxiliary to the completion of a produced product is defined under the Central Excise Act as a “manufacture” by an inclusive definition.
A process that results in a change to the name, characteristics, or use of the input or results in the input becoming distinct and different is referred to as manufacturing under the Central Excise Act. Thus, a procedure that only modifies the same object’s shape or size or raises its worth would not qualify as manufacturing. Central Excise Day is very important for the customs department. Making something is not the same as repairing or reconditioning it. Manufacturing includes the process of assembling.
In contrast to state excise taxes, which are imposed on alcoholic beverages, opium, and other items, central excise taxes are imposed by the Union Government on goods produced or made within the nation and consumed there.
Effect of British Control
The introduction of British control in India and the taxation of salt marked the beginning of the current system of excise duty collection. The salt duty, which made up nearly one-tenth of all tax collections, was a significant source of income. The gross tax revenue for 1920–1921 was Rs. 60.85 crores, of which Rs. 6.67 crores came from the sale of salt. Central Excise Day A total of 81.87 crores were made in gross revenue in 1938–1939, of which 8.41 crores were from salt sales.
The salt fee only made up 3% of tax revenue in 1946–1947, the last year before it was completely eliminated. A significant turning point in the history of central excise in India occurred in the year 1934 when a large number of new items were included in its purview. Rubber tires became subject to an excise tax in 1941 as a result of the Second World War.
The Finance Act of 1943 put it in place two years later and applied to vegetable goods, unprocessed tobacco, cigars, and cheroots. The Central Excises and Salt Act, 1944, which added new taxes on coffee, tea, and betel nuts, was passed in 1944. It consolidated the existing legislation on the issue. Because of organizational issues, betel nut was removed from the list in 1948. In 1948, cigarettes were added to the list as the first significant item after independence. Excise taxes were placed on mill fabric the next year.
CBIC(Central Board of Indirect Taxes and Customs)
The Central Board of Indirect Taxes and Customs (CBIC), through its field divisions known as Central Excise Commissioners, is responsible for administering the Central Excise statute. For this reason, the nation is divided into 10 Zones, each of which is led by a Chief Commissioner of Central Excise. Central Excise Day is celebrated to promote Custom Dept. Under these Zones, there are 61 Commissioners under the control of the Central Excise Commissioner.
Divisions and Ranges are the next organizational levels, each of which is led by a Deputy/Assistant Commissioner of Central Excise or a Superintendent of Central Excise. Each person, affluent or poor, is required to pay tax indirectly on purchases of items that have already been charged with duty since central excise duty is an indirect tax.
Excise Day
Every year on February 24, Central Excise Day is observed throughout all of India as a way to motivate excise department employees to perform central excise duties throughout the country more effectively, to fight corruption in the manufacturing industry, and to put other regulations into place to provide the best excise services possible. To remember the Central Excise and Salt Act, which was passed on February 24, 1944, Central Excise Day is also observed.
The Central Board of Indirect Taxes and Customs (CBIC) in India is in charge of overseeing the administration of Customs, the Goods and Services Tax (GST), the Central Excise, the Service Tax, and Narcotics in the country. Central Excise Day All around the nation, a variety of seminars, workshops, educational and cultural activities, awareness initiatives, competitions, and award ceremonies are organized to commemorate the anniversary. In addition, the relevant departments and higher authorities regularly organize awareness campaigns.
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