CBIC Invites Suggestions On Draft Central Excise Bill, 2024



Quick Summary
The Central Board of Indirect Taxes & Customs (CBIC) has released a draft 'Central Excise Bill, 2024' and is seeking input from stakeholders. This new bill is intended to replace the outdated Central Excise Act, 1944, and aims to create a modern, comprehensive law that simplifies doing business. The draft legislation, which includes twelve chapters and 114 sections, is available on the CBIC website for public consultation.

CBIC invites suggestions on draft 'Central Excise Bill, 2024' in pre-defined format from stakeholders by 26th June 2024

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.

CBIC Seeks Feedback on New Central Excise Bill 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.

FAQ :

The CBIC is inviting suggestions from stakeholders on the draft 'Central Excise Bill, 2024'.

Once enacted, the draft 'Central Excise Bill, 2024' will replace the Central Excise Act, 1944.

The bill aims to enact a comprehensive modern central excise law, focusing on ease of doing business and removing old, redundant provisions.

The draft 'Central Excise Bill, 2024' has been uploaded on the CBIC website: https://www.cbic.gov.in.

Suggestions on the draft bill must be submitted by 26th June 2024.

Suggestions should be sent via email to cx.stwing[at]gov[dot]in in MS Word or a compatible format, or in machine-readable PDF format, using the specified format provided by the CBIC.




News posted by

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

Click here to Login and post comments    OR



More »


Popular News





CCI Pro