CURRENT AFFAIRS

Detailed explanation-1: -Central Excise Day is celebrated on 24th February 24 every year in India to recognize the contributions of the Central Board of Indirect Taxes and Customs (CBIC). Central Excise Day also commemorates the passing of the Central Excise and Salt Act on 24th February 1944.

Detailed explanation-2: -Central Excise Day is celebrated on 24th February every year to honour the efforts of the Central Board of Indirect Taxes and Customs (CBIC). This day is about acknowledging the work of the CBEC members and motivating them to perform their duties with greater efficiency.

Detailed explanation-3: -Which day is celebrated on February 24? Central Excise Day of India is celebrated every year on February 24.

Detailed explanation-4: -Central Excise Day 2022: Significance The jobs of the members of the Central Board of Indirect Taxes and Customs in preventing corruption among the manufacturing industries are worth appreciation and encouragement.

Detailed explanation-5: -Central Excise Duty Commodities liable to central excise duties are listed in the Schedule to the Central Excise Tariff Act, 1985 (Act 5 of 1986) which came into effect from 28.02. 1986. Prior to this, excisable commodities were contained in the First Schedule to the Central Excises and Salt Act, 1944.