CBIC proposes a new Central Excise Bill, seeking stakeholder input by June 26, 2024, to replace the outdated 1944 Act.
New Delhi, Jun 4 (PTI) The CBIC on Tuesday invited comments on a draft Central Excise Bill, 2024, which seeks to replace the decades-old Central Excise Act, 1944.
The Bill aims to enact a comprehensive modern central excise law with an emphasis on promoting ease of doing business and repealing old and redundant provisions, a finance ministry statement said.
The Bill comprises 12 chapters, 114 sections and two schedules.
The Central Board of Indirect Taxes & Customs (CBIC) invites stakeholders' suggestions on the draft 'Central Excise Bill, 2024', by June 26, 2024.
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