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Suggestions Invited on Draft Central Excise Bill, 2024

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)
Submission Closed

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 This new draft bill aims to replace the outdated Central Excise Act, ...

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 This new draft bill aims to replace the outdated Central Excise Act, 1944, with a comprehensive and modern central excise law. The primary focus of the consultative process is to enact a law that factors in ease of doing business and removes redundant provisions. The draft bill comprises 12 chapters, 114 (one hundred and fourteen) sections and two schedules.

Your suggestions/comments/views are invited in the pre-legislative consultative process on the draft Bill for shaping an efficient, clear, and business-friendly law on the MyGov platform.

How to Participate:
1. Review the draft of the 'Central Excise Bill, 2024' on the CBIC website HERE.
2. Submit your suggestions/comments/views in the following format by 26th June 2024.

Sl.No. | Clause No. of the draft Bill | Title of the Clause | Proposed modification, if any | Reasons, Comments or Remarks

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Showing 546 Submission(s)
CHANDA NAGARAJU
CHANDA NAGARAJU 1 year 2 months ago

Basic Excise Duty is levied under Section 3 of the Central Excises and Salt Act, 1944. Under this section, all excisable products apart from salt, manufactured of produced in India, are subject to Basic Excise Duty. Central Value Added Tax or CENVAT, as it is also called, is charged at the rates mentioned in the Central Excise Tariff Act.

CHANDA NAGARAJU
CHANDA NAGARAJU 1 year 2 months ago

Excise duty is a kind of indirect tax charged on the sale of certain products. The customer does not pay excise duty directly to the authorities, but it is added to the cost of the product by the producer or merchant and then passed on to the consumer by way of increased prices.

CHANDA NAGARAJU
CHANDA NAGARAJU 1 year 2 months ago

Encourages trust – based voluntary compliance
- Protects honest taxpayers’ rights
- Facilitates trade with risk-based enforcement
- Enables legitimate movement of people, goods and services.
- Supplement the efforts to ensure national security, and;
- Continually invests in capacity building to achieve professional and ethical excellence.

CHANDA NAGARAJU
CHANDA NAGARAJU 1 year 2 months ago

సెంట్రల్ ఎక్సైజ్ సుంకం అనేది పరోక్ష పన్ను, అంటే ధనవంతుడు లేదా పేద ప్రతి వ్యక్తి, ఇప్పటికే సుంకం విధించిన వస్తువుల కొనుగోలుపై పరోక్షంగా పన్ను చెల్లించవలసి ఉంటుంది . ఈ పన్ను భారత రాజ్యాంగంలోని ఆర్టికల్ 226తో చదవబడిన ఏడవ షెడ్యూల్ యొక్క యూనియన్ జాబితా యొక్క ఎంట్రీ 84 యొక్క అధికారం క్రింద నిర్వహించబడుతుంది.

Vipul Yadav
Vipul Yadav 1 year 2 months ago

Create a feedback mechanism where businesses and other stakeholders can provide input on the bill and its implementation. Regular consultations can help identify practical issues and improve the law's effectiveness also Introduce advanced data analytics and AI tools to identify and curb tax evasion regular audits and stricter penalties for non compliance can also act as deterrents

NiteshSahu
NiteshSahu 1 year 2 months ago

With the introduction of electric vehicles, and with FAME 3 guidelines coming there will less excise collected through sales of petrol and diesel. Same thing is happening in California. Thet will soon start charging EV more. How is my government going to increase its revenue with fall in petrol and diesel sales? Only solution is to heavily focus on hydrogen vehicles rather than EV and tax hydrogen through gas pumps.
https://calmatters.org/environment/2023/12/gas-tax-revenue-drop-climate/