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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 This new draft bill aims to replace the outdated Central Excise Act, ...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 This new draft bill aims to replace the outdated Central Excise Act, 1944, with a comprehensive and modern central excise law.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)
VIKASH KUMAR CHAUBEY
VIKASH KUMAR CHAUBEY 2 years 3 months ago
Focus on Key Industries: Identify key industries or sectors where central excise plays a significant role and tailor provisions to address their specific needs and challenges. Environmental Considerations: Incorporate provisions to promote environmentally friendly practices and incentivize the use of green technologies by offering tax breaks or exemptions for eco-friendly production processes.
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VIKASH KUMAR CHAUBEY
VIKASH KUMAR CHAUBEY 2 years 3 months ago
Modernization of Processes: Integrate digital technology and automation into the excise duty payment and refund processes to streamline operations and reduce compliance burdens on businesses. Promotion of Compliance: Design the bill in a way that encourages voluntary compliance by providing incentives for timely and accurate payment of excise duties while also imposing appropriate penalties for non-compliance.
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VIKASH KUMAR CHAUBEY
VIKASH KUMAR CHAUBEY 2 years 3 months ago
Clarity and Simplicity: Ensure that the language and provisions of the bill are clear and easily understandable to taxpayers, businesses, and enforcement agencies. Complex language or ambiguous provisions can lead to misunderstandings and disputes. Harmonization with GST: Since the Goods and Services Tax (GST) has been implemented, ensure that the provisions of the Central Excise Bill are aligned with GST laws to avoid any conflicts or double taxation issues.
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Shubhodeep Goswami
Shubhodeep Goswami 2 years 3 months ago
कृपया इन रेल प्रोजेक्ट्स का काम जल्द से जल्द पूर्ण हो: इतवारी नागभीड गेज कन्वर्जन, महू खंडवा अकोला गेज कन्वर्जन,ग्वालियर श्योपुर कोटा रेलवे लाइन,धौलपुर गंगापुर सिटी रेलवे लाइन, बहराइच नेपालगंज गेज कन्वर्जन,मावली मारवाड़ गेज कन्वर्जन,पछोरा जामनेर गेज कन्वर्जन, यवतमाल मूर्तिजापुर गेज कन्वर्जन, इंदौर दाहोद रेलवे लाइन, इंदौर धार छोटा उदेपुर रेलवे लाइन,इंदौर मनमाड़ रेलवे लाइन, इंदौर जबलपुर रेलवे लाइन , वर्धा नांदेड़ रेलवे लाइन , हिम्मतनगर खेद ब्रम्हा गेज कन्वर्जन, डूंगरपुर रतलाम रेलवे लाइन ,ऋषिकेश कर्णप्रयाग रेलवे लाइन,बनिहाल संगलदन रेलवे लाइन, मेत्तूरपालयम चमराजनगर रेलवे लाइन, दुर्ग जगदलपुर रेलवे लाइन, पेंड्रा रोड गेवरा रोड रेलवे लाइन , रंगपो सिवोक रेलवे लाइन, झिरीबम इंफाल रेलवे लाइन , रामेश्वरम धनुषकोडी रेलवे लाइन, पुष्कर मेड़ता रेलवे लाइन , रास मेड़ता रेलवे लाइन,ललितपुर सिंगरौली रेलवे लाइन, भोपाल रामगंज मण्डी रेलवे लाइन, अदराज मोती अंबिल्यासन गेज कन्वर्जन,अनाखोल कालोल गेज कन्वर्जन । please note: गेज कन्वर्जन को सबसे ज्यादा प्राथिमिकता दी जाए
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ankit
ankit 2 years 3 months ago
The Central Excise Bill, 2024 is a significant legislative proposal aimed at replacing the longstanding Central Excise Act of 1944. The draft bill, introduced by the Central Board of Indirect Taxes and Customs (CBIC), seeks to modernize and streamline the regulatory framework governing excise duties in India. This update is part of broader efforts to simplify tax laws and improve compliance mechanisms. The CBIC has invited feedback from various stakeholders, including industry representatives and the public, to ensure the bill addresses current challenges and aligns with contemporary economic realities. The deadline for submitting suggestions is June 26, 2024 [[❞]] Key aspects of the proposed bill include updates to definitions, procedures, and compliance requirements to reflect changes in manufacturing and trade practices. This modernization is expecte
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KANAM RAMU
KANAM RAMU 2 years 3 months ago
The current Central Excise Act was enacted in 1944, in pre-independence India. The new bill will focus on promoting ease of doing business and repealing old redundant provisions, the Ministry said. The proposed Bill has 12 chapters, 114 sections and two schedules Central excise duties are levied by the Union Government on commodities manufactured or produced within the country and consumed within the country, as against the State excise duties which are levied on alcoholic drinks, opium, etc.
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