CBEC to be rename as CBIC

Arun Jaitley - CBIC

With the roll out of GST, the Union Minister for Finance and Corporate Affairs, Arun Jaitley while presenting the General Budget 2018-19 in Parliament today, announced that the name of Central Board of Excise and Customs [CBEC] will be changed to Central Board of Indirect Taxes and Customs (CBIC).

The necessary changes in law for this are proposed in the Finance Bill, Shri Jaitley added.

taxscan-loader