Multiple choice

Central Revenue Board was divided into 'Central Excise and Custom Duty Board' and 'Central Direct Tax Board' in.............

  1. 1950

  2. 1958

  3. 1963

  4. 1975

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Central Revenue Board was divided into 'Central Excise and Custom Duty Board' and 'Central Direct Tax Board' in 1963. An Act to provide for the constitution of separate Boards of Revenue for Direct Taxes and for Excise and Customs and to amend certain enactments for the purpose of conferring powers and imposing duties on the said Boards was implemented in 1963.