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.
Maintaining the Records
Filing of Monthly & Quarterly Returns
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 aiming at maintenance of good standards are :
- Quick response.
- Close monitoring.
- Standardization of the process.
- Transparency in transactions.