CBIC invites suggestions on draft ‘Central Excise Bill, 2024’ in pre-defined format from stakeholders by 26th June 2024

The Central Board of Indirect Taxes & Customs (CBIC), Department of Revenue, Ministry of Finance, has invited suggestions on the draft ‘Central Excise Bill, 2024’ from stakeholders by 26th June 2024. The CBIC has prepared 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.

As a part of the pre-legislative consultative process, the draft ‘Central Excise Bill, 2024’ has been uploaded on the website of CBIC [https://www.cbic.gov.in] for inviting suggestions from the stakeholders within 21 days. The suggestions/ comments on the draft Bill in the above format may be sent by email in PDF format.