Central Board of Indirect Taxes & Customs (CBIC), operating under the Ministry of Finance, has opened the floor for stakeholders to provide feedback on the draft ‘Central Excise Bill, 2024.’ This bill, designed to modernize central excise laws, seeks to replace the archaic Central Excise Act of 1944. The initiative aims to streamline processes, enhance the ease of doing business, and eliminate outdated provisions.
Ministry of Finance
CBIC invites suggestions on draft ‘Central Excise Bill, 2024’ in pre-defined format from stakeholders by 26th June 2024
Posted On: 04 JUN 2024 2:36PM by PIB Delhi
The Central Board of Indirect Taxes & Customs (CBIC), Department of Revenue, Ministry of Finance, invites suggestions on the draft ‘Central Excise Bill, 2024’ from stakeholders by 26th June 2024.
The CBIC has prepared a draft ‘Central Excise Bill, 2024.’ Once enacted, the Bill shall replace the Central Excise Act, 1944. The Bill aims to enact a comprehensive modern central excise law with an emphasis on promoting ease of doing business and repealing old and redundant provisions. The Bill comprises twelve chapters, 114 (one hundred and fourteen) sections and two schedules.
As a part of the pre-legislative consultative process, the draft ‘Central Excise Bill, 2024’ has been uploaded on the website of CBIC [https://www.cbic.gov.in] for inviting suggestions from the stakeholders in the following format within 21 days:
FORMAT FOR SENDING SUGGESTIONS/ COMMENTS/ VIEWS
| Sl. No. | Clause No. of the draft Bill | Title of the Clause | Proposed modification, if any | Reasons/ Comments/ Remarks |
The suggestions/ comments on the draft Bill in the above format may be sent by email to cx.stwing[at]gov[dot]in in either MS Word (or compatible format) or machine-readable PDF format.
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