CBEC meaning in Indian Ministry of Finance ?

Answer:

What is Central Board of Excise and Customs mean?

The Central Board of Indirect Taxes and Customs (CBIC) is the nodal national agency responsible for administering Customs, GST, Central Excise, Service Tax & Narcotics in India. The Customs & Central Excise department was established in the year 1855 by the then British Governor General of India, to administer customs laws in India and collection of import duties/land revenue. It is one of the oldest government departments of India.

Currently the Customs and Central Excise/GST department comes under the Department of Revenue, Ministry of Finance, Government of India. The agency is staffed by ministerial staff selected through Staff Selection Commission (SSC) conducted matric level, higher secondary level and combined graduate level exams and IRS officers through Civil Services Examination who start their careers as Assistant Commissioners/Directors in the field and within 20–25 years rise to the post of Chief Commissioners, with a few senior most officers who become Chairman/Members of CBIC/CESTAT/Settlement Commission.

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