CBEC Current Affairs, GK & News

February 24: Central Excise Day

Every year, on February 24, the Central Excise Day is being celebrated by Central Board of Excise and Customs all over India. The day is being celebrated to honour the service of Central Board of Excise and Custom (CBEC) to the country. Highlights The day is also celebrated to honour the officers associated with CBEC ..

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e- SANCHIT

e- SANCHIT was launched on a pilot basis by the Central Board of Excise & Customs (CBEC). It is mainly for paperless processing, uploading of supporting documents, to facilitate the trading across borders which will reduce the precious time and provide digital easing.

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Government levies 10% import duty on key smartphone components

The Central Bureau of Excise and Customs (CBEC) under Finance Ministry has imposed a 10% duty on imports of key smartphone components such as populated printed circuit boards (PCBs), camera modules and connectors. At present there is zero import duty imposed on the three components. Significance This move will make imports of components expensive while ..

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Government scraps export duty on sugar

The Central Board of Excise and Customs (CBEC) under Ministry of Finance has scrapped export duty of 20% on raw and refined sugar to boost shipments. The removal of export duty will help to export excess sugar output in India for sugar season 2017-18. This will also prevent further price erosion of the domestic sugar ..

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Government doubles import duty on wheat to 20%

The Central Board of Excise and Customs (CBEC) under Union Finance Ministry has doubled import duty on wheat to 20% from 10% to curb cheap shipments and give positive price signal to farmers in ongoing Rabi season. It also imposed import duty of 50% on peas to check cheaper shipments from countries like Canada to ..

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