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Central excise has become the vital source of the financial development of the country for the better socio-economic development in India. In the back years, the financial revenue of the country has become double through the better service delivery standards of the central excise departments. The revenue collection through the central excise department is used in the following schemes such as education, health including other schemes of the social sector. Central excise supports a lot to improve the Indian economy for eliminating the poverty and illiteracy, offering better education and health services and etc to make the country a healthy and developed country. A day, 24th of February, has been decided by the government of India to celebrate this special event all through the country. The event celebration means to collect tax over the goods and by the people earning over the limit which has been decided according to the terms of Central Excise Act in the year 1944. The tax payable rate has been set under Schedule I and II according to the Central Excise Tariff Act in the year 1985. According to the Central Excise law, the payable event is mainly over the manufactured goods, which has been managed by the Central Board of Excise and Customs (CBEC) through various field offices (means Central Excise Commissionerates) all over the country. Central Board of Excise and Customs fall under the Department of Revenue managed by the Ministry of Finance, Government of India. The department of Central Board of Excise and Customs has been established in order to make and implement policies related to the tax payable and its collection by the people all through the country. To do this in better way, Customs and Central Excise duties has been implemented to prevent negative business ways means smuggling as well as to manage all the issues related to the central excise, customs and narcotics in India to a great level.