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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 This new draft bill aims to replace the outdated Central Excise Act, ...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 This new draft bill aims to replace the outdated Central Excise Act, 1944, with a comprehensive and modern central excise law.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)
subodh bansal
subodh bansal 1 year 10 months ago
My post no. 16 you not applied new ideas to minimize excise duty evasion. You should ask Change maker of mygov to suggest new ideas. How much excise duty amount increase after this bill not disclose by you.
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CHANDA NAGARAJU
CHANDA NAGARAJU 1 year 10 months ago
Taxation is a necessary evil. It is needed to finance the various activities undertaken by the government. But it is also an instrument of social and economic policy. Taxation can be used to promote economic growth and stability, as well as to redistribute income.
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CHANDA NAGARAJU
CHANDA NAGARAJU 1 year 10 months ago
While direct taxes are imposed on income and profits, indirect taxes are levied on goods and services. A major difference between direct and indirect tax is the fact that while direct tax is directly paid to the government, there is generally an intermediary for collecting indirect taxes from the end-consumer.
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CHANDA NAGARAJU
CHANDA NAGARAJU 1 year 10 months ago
ఎక్సైజ్ డ్యూటీని వస్తువుల తయారీదారు చెల్లించాలి మరియు వినియోగదారు కాదు. కస్టమ్ డ్యూటీని వస్తువుల దిగుమతిదారు చెల్లించాలి. ఎక్సైజ్ సుంకం మరియు కస్టమ్ డ్యూటీకి సంబంధించి అనేక నిబంధనలు సాధారణం, ప్రధాన వ్యత్యాసం ప్రశ్నార్థకమైన వస్తువుల ఉత్పత్తి ప్రదేశం
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CHANDA NAGARAJU
CHANDA NAGARAJU 1 year 10 months ago
భారతదేశంలో తయారు చేయబడిన లేదా ఉత్పత్తి చేయబడిన అన్ని ఎక్సైజ్ వస్తువులు CENVAT అని పిలువబడే సెంట్రల్ ఎక్సైజ్ సుంకాన్ని కలిగి ఉంటాయి . మరమ్మత్తు చేయబడిన లేదా రీకండిషన్ చేయబడిన వస్తువులకు ఈ చట్టం వర్తించదని గమనించాలి.
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CHANDA NAGARAJU
CHANDA NAGARAJU 1 year 10 months ago
Excise duty is a form of indirect tax that is levied by the Central Government of India for the production, sale, or license of certain goods
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CHANDA NAGARAJU
CHANDA NAGARAJU 1 year 10 months ago
The disadvantages include: They may be highly regressive. Excise taxes on fuel may increase the price of this essential item (and other items too, because of increased transport costs) beyond the reach of poor people, if there are no exemptions.
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