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Suggestions Invited on Draft Central Excise Bill, 2024

Start Date :
Jun 07, 2024
Last Date :
Jun 26, 2024
18:15 PM IST (GMT +5.30 Hrs)
The Central Board of Indirect Taxes and Customs (CBIC) has prepared a draft of the 'Central Excise Bill, 2024'. This new draft bill aims to replace the outdated Central Excise Act, ...
Dear Sir
I am sending here with my suggestions for the Budget 2024 as attachment.
The Central Board of Indirect Taxes and Customs (CBIC) has prepared a draft of the 'Central Excise Bill, 2024'. This new draft bill aims to replace the outdated Central Excise Act, 1944, with a comprehensive and modern central excise law.Central GST has replaced excise duty as excise is charged by the Central Government and it also collects the revenue from Central GSTIn GST, Excise duty's place has been taken by Central GST as excise is levied by Central Government and revenue from CGST will also be of Central government.Transition of Credit from Repealed Excise Act to the New Act. The new Central Excise Act includes transitional provisions for credit unutilised under the old law. Such credit can be used under the new act, subject to its provisions and rules.Fundamentally, excise duty is a tax levied on domestically produced goods. Generally, it is charged on their production and sale and is also known as CENVAT or Central Value Added Tax.
Utpaad badana h,desh se berojgari ko vgana h.
Utpaad ko badana h, Desh ko super power banana h..
#mygov
ops on
and agniveer closed , permanent post hone chahiye
Sir mujhe Ek service Dene ka try kijiye sir I am interested in investigation
have a problem.
RBI fixes inflation rates and then it puts cap on FD rates as well as on interest given on Savings accounts. Now if we see historical records inflation rates are aways fixed higher than the latter two. Why is it that we still have to give tax for the interest banks have got from the banks?
Income Tax is not a matter of pride since I am already paying Tax as GST (earlier VAT Excise Duty) Customs Duty.You dont want to bring petrol-diesel under GST bcoz
goood
Non brand goods going from a manufacturer to a dealer or buyer are less taxed.
But why is there no tax on non brand and unclassifiable goods that are exchanged from one dealer to another?.
Non brand and unclassifiable goods also require a limit on duty exemption or lower rate of duty.
It should be regulated to get more profit by buying from farmers at low price.
Trader to Trader bill should be made mandatory.
There is shortage of yarn in Nad and unhindered export of cotton to Bangladesh is allowed.
When there is a shortage of a commodity in the country, excise duty must be levied on businesses exporting raw materials.
Taxes should be imposed on unfinished raw materials such as cotton as a source of textile production.
Minimum excise duty should be imposed on large volume traders of non-branded and non-classifiable goods.