Central Excise Day is observed every year on 24th February to mark the establishment of the Central Excise and Salt Act in 1944. This day is to commemorate the services of the Central Board of Indirect Taxes and Customs (CBIC) and its officers who are responsible for the economic development of India by efficient tax administration.
History and Significance
The Central Excise and Salt Act, enacted on February 24, 1944, was a landmark legislation in the history of taxation in India. It consolidated eleven Acts relating to excise duties, paving the way for contemporary excise laws. Since its inception, this act has changed, with the Central Board of Excise and Customs (CBEC) being rechristened as the Central Board of Indirect Taxes and Customs (CBIC) to align with its wider mandates, such as customs, central goods and services tax, and anti-smuggling.
Central Excise Day is not only a day of celebration but also a chance to appreciate the work of excise officers who work day and night to promote compliance with taxation laws and curtail corruption in the manufacturing industry. The day highlights the significance of excise duty as a source of government income, which goes towards financing public welfare programs like education and health.
Also Read | Who is Prakriti Malla? The Girl with the Most Beautiful Handwriting in the World
Theme for Central Excise Day 2025
Though a particular theme for Central Excise Day 2025 has not been formally released, the celebration is generally centred around themes of improving tax compliance, raising awareness regarding the significance of excise duties, and honouring the functioning of excise officers in ensuring economic stability. The theme normally aligns with other objectives of simplifying tax administration in order to facilitate economic growth and development.
Celebrations and Activities
On Central Excise Day, different activities are conducted throughout India to sensitize people on the importance of paying taxes and to pay tribute to the efforts of the excise department. These include:
- Workshops and Seminars: These are conducted to increase awareness of excise laws and facilitate best practices among officials and stakeholders.
- Award Ceremonies: Excellent service by excise officers is rewarded with awards, motivating them to continue their hard work in enforcing tax laws.
- Awareness Campaigns: The CBIC conducts campaigns to make businesses and manufacturers aware of excise rules, ensuring fair trade practices and adherence to tax laws.
Impact of Central Excise
Despite the introduction of the Goods and Services Tax (GST), central excise levies persist on specific goods such as petroleum, alcohol, and tobacco. These levies remain an important source of tax income for the government, supporting socio-economic development by financing vital public services.
Central Excise Day 2025 commemorates the key role played by the CBIC and its officers in sustaining India's economy. It is a reminder of tax compliance and the role of excise duty in national development. As India modernizes its tax code, Central Excise Day is a reminder of the continued effort to sustain economic stability and growth.
Also Read | World Thinking Day 2025: History, Purpose and Significance
Comments
All Comments (0)
Join the conversation