Central Excise Day celebrated | delhi | Hindustan Times
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Central Excise Day celebrated

On Thursday, the Central Excise Day was celebrated in Delhi to mark the enactment of the Central Excise & Salt Act, 1944.

delhi Updated: Feb 25, 2011 00:27 IST
HT Correspondent

On Thursday, the Central Excise Day was celebrated in Delhi to mark the enactment of the Central Excise & Salt Act, 1944.

On this occasion, four offices of the Central Board of Excise and Customs (CBEC) awarded the IS 15700 certification for ‘Sevottam’ — a system developed by the Bureau of Indian Standards for excellence in public service delivery.

The Commissionerate of Central Excise Delhi-I was one of the Servottam certified offices and the certificate was received by Dr Anup K Srivastava, Commissioner at the function.

S Dutt Majumder, Chairman, CBEC said the Central Excise was one of the biggest contributor to the nation’s tax revenue, which works for the betterment of the weaker sections of the society.

“It is also a fiscal tool that provided stimulus to the industry during recession, when central excise was drastically reduced,” he said. Majumder said while the developed economies couldn’t achieve positive growth during the downturn, central excise in India contributed to sustained growth.

He said that from Rs 67 crore in 1950-51, the contribution of central excise was more than Rs 1 lakh crore in 2009-11.
“The revised estimate for this financial year’s budget has been pegged at a growth of 31.2 per cent, at Rs 1.33 lakh crore,” he said.

A new software developed by CBEC, Automation of Central Excise and Service Tax (ACES) was also unveiled at the function, held at the National Museum. Majumder also announced that a new building — Rajasva Bhavan — would soon come up at KG Marg, which would house the excise department offices.