Every year, India celebrates Central Excise Day on February 24th, aimed at paying tribute to the enactment of the Central Excise and Salt Act in 1944. This day also highlights the foundation of the Central Board of Indirect Taxes and Customs (CBIC), a key institution in the administration of indirect taxes in India.
The main objective of this day is to recognize the contribution of the Central Committee of Consumption Tax to the Indian economy. This day promotes equality among officials of the CBEC Ministry. Also, it commemorates the enactment of the 1944 Central Consumption Tax Law on February 24.
Central Excise Day: FAQs
When is Central Excise Day observed?
Central Excise Day is observed on 24th February.