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:
The approach of CBEC is standard of two measures :
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 :
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 aiming at maintenance of good standards are :