CBIC Current Affairs

Government approves re-organisation of field formations of CEBC to implement GST

The Union Finance Minister has approved re-organisation of field formations of the Central Board of Excise & Customs (CBEC) for the implementation of Goods & Services Tax (GST).

Under it, CBEC will be renamed as the Central Board of Indirect Taxes and Customs (CBIC) after getting required legislative approval.

Key Facts
  • The existing formations of Central Excise & Service Tax under the CBEC will be re-organised to implement and enforce the provisions of the proposed GST Laws.
  • The proposed CBIC will supervise the work of all its field formations and Directorates and assist the Government in policy making in relation to GST, continuing Central Excise levy & Customs functions.
  • The CBIC will have 21 Zones, 101 GST Tax payer Services Commissionerates comprising 15 sub-Commissionerates, 768 Divisions, 3969 Ranges, 49 Audit and 50 Appeals Commissionerates.
  • It will ensure rendering of taxpayer services to all the taxpayers through an indirect tax administration structure by having pan-India presence.
  • For a robust IT Network, the Directorate General of Systems under CBEC will be expanded for greater out- reach for facilitating smooth transition for the taxpayers to the GST environment.
  • The existing training establishment will be renamed as National Academy of Customs, Indirect Taxes and Narcotics (NACITN) and shall have an all India presence.
  • It will enable capacity building to the employees of the indirect tax administration of the Centre as well as of the State Governments and also of Trade and Industry.
  • The renamed Directorate General of Goods & Service Tax Intelligence will be also strengthened and expanded to become an important wing of the Government in its fight against Tax Evasion and Black Money.

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DIPP accepts ADB, JICA plans on industrial corridors

Department of Industrial Policy and Promotion (DIPP) has given nod to Asian Development Bank’s (ADB) and Japan International Cooperation Agency (JICA) for their conceptual development plan (CDP) report on Vizag Chennai Industrial Corridor (VCIC) and Chennai-Bengaluru Industrial Corridor (CBIC) respectively.

Background

Vizag Chennai Industrial Corridor (VCIC):

On 22 April 2015, Andhra Pradesh government approved to take loan assistance from ADB for the development of proposed Visakhapatnam-Chennai Industrial Corridor (VCIC) project. The conceptual development plan report was in pipeline to receive nod from DIPP to carry forward it’s on ground development.

VCIC is envisaged from Kolkata to Tuticorin (in Tamil Nadu) also known as East Coast Economic Corridor (ECEC). ECEC in its first phase focuses on the Vizag-Chennai section which runs from Vishakhapatnam (Vizag), Andhra Pradesh to Chennai, Tamil Nadu.

The recent report sanctioned by DIPP includes development of three industrial nodes in first phase they are; Krishnapatnam (Andhra Pradesh), Tumkur( Karnataka) and Ponneri ( Tamil Nadu).

The Chennai-Bengaluru Industrial Corridor (CBIC):

In 2011, India and Japan met at consensus for development of CBIC, under this Japan agreed to provide financial and technical assistance for infrastructure development in the areas between Chennai and Bengaluru.

The two countries government directed their officials concerned to speedily prepare the Comprehensive Integrated Master Plan and get it completed at the earliest.

This corridor of around 560 km is projected between Chennai and Bengaluru under DBIC which will also have its influence on states across it.

The approach to develop the CBIC is to achieve accelerated development and regional industry agglomeration in the states of Tamil Nadu, Andhra Pradesh and Karnataka.

It should be noted that this belt has many Japanese manufacturing companies including some small and Medium Enterprises SMEs.

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