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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 This new draft bill aims to replace the outdated Central Excise Act, ...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 This new draft bill aims to replace the outdated Central Excise Act, 1944, with a comprehensive and modern central excise law.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)
Abhishek Kumar Lal
Abhishek Kumar Lal 1 year 6 months ago
Industrial consultations Excise should be according to the scenario of the market as well as consumer friendly Public should be consulted
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ANURAG KUMAR CHAUBEY
ANURAG KUMAR CHAUBEY 1 year 6 months ago
Expansion of Tax Base: Consider expanding the tax base to cover emerging industries and products that were not traditionally subject to central excise duty. This could include goods produced by new technologies or industries that have grown significantly since the last revision of the law. Harmonization with GST: Ensure alignment and harmonization with the Goods and Services Tax (GST) regime to avoid inconsistencies and overlapping taxation. Coordination between central excise and GST laws can promote ease of doing business and minimize compliance burdens for taxpayers.
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VIKASH KUMAR CHAUBEY
VIKASH KUMAR CHAUBEY 1 year 6 months ago
Ease of Administration: Design provisions that are easy to administer and enforce, considering the capacity and resources of tax authorities. Avoid overly complex rules or procedures that may lead to administrative challenges or unintended consequences. Transitional Provisions: Include transitional provisions to smoothly transition from existing laws to the new regime, minimizing disruption to businesses and ensuring continuity in tax compliance.
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VIKASH KUMAR CHAUBEY
VIKASH KUMAR CHAUBEY 1 year 6 months ago
Industry Consultation: Seek input from industry stakeholders, tax experts, and legal professionals during the drafting process to incorporate diverse perspectives and address sector-specific concerns. Engaging stakeholders early can lead to a more comprehensive and balanced bill. Clarity on Exemptions and Rebates: Clearly define eligibility criteria and procedures for availing exemptions, concessions, and rebates to avoid confusion and disputes. Transparent guidelines can promote certainty and fairness in tax administration.
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VIKASH KUMAR CHAUBEY
VIKASH KUMAR CHAUBEY 1 year 6 months ago
Compliance Facilitation: Introduce provisions to facilitate compliance, such as online filing systems, simplified procedures for small businesses, and clear guidelines for record-keeping. Encouraging voluntary compliance can reduce the compliance burden on taxpayers and enhance revenue collection. Anti-evasion Measures: Strengthen anti-evasion measures to prevent tax leakages and ensure fair enforcement. This may include robust audit mechanisms, risk-based assessments, and leveraging technology for data analytics to identify non-compliance effectively.
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VIKASH KUMAR CHAUBEY
VIKASH KUMAR CHAUBEY 1 year 6 months ago
Clarity and Simplicity: Ensure that the language used in the bill is clear and straightforward to minimize ambiguity and interpretation issues. This clarity helps both taxpayers and administrators understand their rights and obligations. Alignment with GST: Harmonize provisions with the Goods and Services Tax (GST) framework to avoid duplication, confusion, and inconsistencies. This alignment can streamline compliance and administration for businesses operating under both regimes.
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VIKASH KUMAR CHAUBEY
VIKASH KUMAR CHAUBEY 1 year 6 months ago
Small Business Considerations: Take into account the needs and capabilities of small and medium-sized enterprises (SMEs) by providing simplified compliance procedures and exemptions for certain threshold levels of production or turnover. Review Mechanism: Establish a mechanism for periodic review and evaluation of the excise law to assess its effectiveness, identify areas for improvement, and address any emerging issues or challenges. By incorporating these suggestions, the draft Central Excise Bill, 2024, can be designed to achieve its objectives of promoting economic growth, ensuring tax compliance, and fostering a conducive business environment.
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VIKASH KUMAR CHAUBEY
VIKASH KUMAR CHAUBEY 1 year 6 months ago
Transitional Provisions: Include transitional provisions to facilitate the smooth transition from the existing excise regime to the new one, minimizing disruptions to businesses and ensuring continuity of operations. Capacity Building: Invest in training and capacity building for tax officials and businesses to ensure they understand the new provisions and are equipped to comply with the law effectively.
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VIKASH KUMAR CHAUBEY
VIKASH KUMAR CHAUBEY 1 year 6 months ago
Safeguards against Tax Evasion: Implement robust measures to prevent tax evasion and fraud, such as electronic monitoring systems, regular audits, and stringent penalties for offenders. Consultation with Stakeholders: Seek feedback from various stakeholders including businesses, industry associations, tax experts, and enforcement agencies to ensure that the bill addresses their concerns and interests.
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