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Suggestions on draft Central Excise Bill-2024

 

Dear Sir/Madam

As you might have aware that, The Central Board of Indirect Taxes and Customs (CBIC) has released a draft ‘Central Excise Bill, 2024.’

Once enacted, the Bill shall replace the 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. The Bill comprises twelve chapters, 114 (one hundred and fourteen) sections and two schedules. A draft copy of the Bill as posted on CBIC website is enclosed for your perusal.

As a part of the pre-legislative consultative process, CBIC has invited suggestions from the stakeholders on the draft ‘Central Excise Bill, 2024’ in the following format:

FORMAT FOR SENDING SUGGESTIONS/ COMMENTS/ VIEWS

Sl. No.

Clause No. of the draft Bill

Title of the Clause

Proposed modification, if any

Reasons/ Comments/ Remarks

The suggestions/ comments on the draft Bill have to be sent to the Government latest by June 26, 2024. May we request you to kindly review the provisions of the draft Bill and send your inputs/comments in the above format latest by June 22, 2024 (Saturday).

The inputs may be sent at pw@chemexcil.in with copy to dg@chemexcil.in

Look forward to receiving your inputs on this important matter.

Thanks and Regards

Raghuveer Kini
Director General
CHEMEXCIL

Encl : Draft – The Central Excise Bill 2024