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Central Excise Day 2023: Every year on February 24th, Central Excise Day is observed to celebrate the Central Board of Indirect Taxes and Customs (CBIC) and its contributions. The CBIC plays a significant role in preventing the tampering of manufactured items. The agency organizes various programs and events on Central Excise Day to highlight the importance of paying taxes and following customs regulations.
CBIC’s responsibility is to ensure that individuals comply with Central Excise and Customs regulations. To commemorate Central Excise Day, CBIC offices across India launch brand new campaigns on various topics related to customs regulations. These campaigns aim to raise public awareness about the rules governing Central Excise and Customs.
The annual observance of Central Excise Day is an opportunity to recognize the dedication and hard work of the CBIC in preventing tax evasion and promoting compliance. It also serves as a reminder for citizens to pay their taxes and follow customs regulations, which ultimately benefit the economy as a whole.
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Central Excise Day 2023 | History, Significance
Every year on February 24th, Central Excise Day is celebrated as a tribute to the Central Board of Indirect Taxes and Customs (CBIC) for their significant contributions and unwavering dedication. The day holds special significance as it marks the establishment of the Central Excise and Salt Act on February 24th, 1944. CBIC officers are honored and appreciated for their sincere duties in preventing the corruption of goods from the manufacturing industries. Central Excise Day serves as a reminder of the important role played by CBIC in safeguarding the nation’s economy.
The annual celebration of Central Excise Day also aims to raise awareness among people about the hard work and commitment of CBIC officers. CBIC hosts various events and programs to educate the public about the importance of paying taxes and following customs regulations. In essence, Central Excise Day is a day to recognize the significant contributions of CBIC officers and acknowledge their efforts to promote compliance and prevent tax evasion. It reminds us of the crucial role played by CBIC in ensuring the growth and stability of our economy.
Central Excise Day 2023 | MCQs
1. What is the significance of Central Excise Day?
A. To celebrate the contributions of CBIC
B. To promote tax evasion
C. To highlight the importance of following customs regulations
D. Both A and C
Ans: D
2. What is the CBIC’s responsibility?
A. To ensure individuals comply with Central Excise and Customs regulations
B. To promote corruption in manufacturing industries
C. To prevent individuals from paying taxes
D. None of the above
Ans: A
3. What is the goal of the campaigns which has been launched by CBIC on Central Excise Day?
A. To raise awareness about customs regulations
B. To promote tax evasion
C. To encourage corruption in manufacturing industries
D. Both A and C
Ans: A
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