The Economic Advisor

Central Board of Excise and Customs

Central board of excise and customs (CBEC) is a part of revenue department under the section of ministry of finance, run by Government of India. Central Excise duty is an indirect tax levied on goods manufactured in India and these taxes are collected by CBEC. CBEC India has set up offices in all the five different zones of the country for efficient management of goods imported and exported. It deals with various tasks:

•Facilitate the outside country movements.

•Collection of custom and central excise duties.

•Prevent from smuggling and administrative matters.

•Prevent from Narcotics.

The approach of CBEC is standard of two measures:

•Operation of Convention.

•Adoption of best practices and reorganization of central excise and customs

Central board of excise and custom make secure monitoring of goods which are to be imported and exported along with the receipt of payment and analysis of declarations and returns filed. There are some benefits which CBEC provides in indirect administration of tax like:

•Increased efficiency.

•More accountability.

•More transparency.

In India, Central Board of excise and customs is a major body which involved in import export business, compelling custom tariffs, anti dumping duty and safeguard duty.

It sends custom duty notification to the traders for every year which can also be attained online. It also ensures quick response to grievances, or complaints of traders to decrease the load and to provide full guidance. CBEC attempts to reply to the complaints of the trader’s within 30 days of time.

Some of the benefits of CBEC in aiming at maintenance of good standards are:

•Quick response.

•Close monitoring.

•Standardization of the process.

•Transparency in transactions.

Mission of CBEC is to realize the revenue in efficient manner, achieve excellence in formulation and implementation in customs and central excise, evasion of frauds and social menace in effective manner and facilitating trade in helping Indian business to enhance its competitiveness.

Standard of CBEC in India shows:

•Settlement of disputes in 10 days.

•Refunding of amount in any discrepancies within 30 working days of receiving a valid claim.

•Any delay in decision making on any disputed issue, shall promptly communicate with a valid reason.

•Complete excise registration within 48 hrs. Of receiving application.

•In case of exports, within 8 hours of filing an electronic declaration or within 24 hours of filing a paper declaration.

•In case of imports, within 24 hours of filing an electronic declaration or within 72 hours of filing a paper declaration.

There are some advantages under CBEC for advance ruling:

1.Clarity and certainty of tax liability under customs, central excise or service tax laws.

2.Avoidance of protected litigation.

3.Speedy decisions.

4.Inexpensive process.

5.Transparency.

Arpit gulati is a content writer and working as a freelancer