Central Excise Day: Know Its Significance

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New Delhi: Central Excise Day is observed in India on February 24 every year. It aims at encouraging the employees of the excise department to carry out the central excise duty all over India in a better way in order to prevent the corruption in the goods manufacturing business as well as implement other rules to carry out best possible excise services.

Central excise has become a vital source of the financial development of the country for better socio-economic development in India. In the back years, the financial revenue of the country has become double through the better service delivery standards of the central excise departments.

The revenue collection through the central excise department is used in the following schemes such as education, health including other schemes of the social sector. Central excise supports a lot to improve the Indian economy for eliminating poverty and illiteracy, offering better education and health services and etc to make the country a healthy and developed country.

February 24 is dedicated to Central Excise Day because the date marks the enactment of the Central Excise and Salt Act in 1944. A holiday is also declared in some government departments in recognition of the contribution of the Central Board of Excise and Custom to the country’s economy.

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