New Delhi, May 15, 2017
Revamped board from June 1, officers can spend up to Rs.10 lakh/month on office space
A month before the Goods and Services Tax (GST) rolls out nationwide on July 1, the Central Board of Excise and Customs will be rechristened the Central Board of Indirect Taxes and Customs (CBIC).
It is not just the nomenclature that is undergoing change; the CBEC has nearly completed the reorganisation of its field offices, including the allocation of officers, provision of funds for new office spaces and training of staff.
To be headquartered at North Block, the new Board will continue in its current form but will have a Member for GST and Central Excise, and a separate Member in charge of IT, Legal and Compliance Verification.
The department will also have separate offices for GST and Customs across the country.
The CBEC also plans to set up two new Directorates — for analytics and risk management — and another for issues relating to international customs.
Meanwhile, the existing Directorate General of Central Excise Intelligence will be renamed the Directorate General of GST Intelligence.
[The Hindu Business Line]