About Central Board of Indirect Taxes and Customs (CBIC):
- CBIC, formerly known as the Central Board of Excise and Customs (CBEC), is one of the Boards constituted under the statute the Central Boards of Revenue Act, 1963.
- It is the apex body under the Department of Revenue, Ministry of Finance, responsible for administering indirect taxes in India.
- It deals with the tasks of
- Formulation of policy concerning levy and collection of Customs, Central Excise duties, Central Goods & Services Tax and IGST.
- Prevention of smuggling and administration of matters relating to Customs, Central Excise, Central Goods & Services Tax, IGST, and Narcotics to the extent under CBIC's purview.
- The Board is the administrative authority for its subordinate organizations, including Custom Houses, Central Excise and Central GST Commissionerates, and the Central Revenues Control Laboratory.
- The CBIC is headed by a Chairman and has 6 members in addition to the Chairman.
