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Central Excise Day is observed in India on February 24th every year to commemorate the enactment of the Central Excise and Salt Act on February 24, 1944. This act marked the beginning of central excise taxation in the country. Central Excise Duty is a significant indirect tax levied on the manufacture or production of goods in India. The revenue generated from central excise forms an essential part of the government's income, contributing to various developmental activities and infrastructure projects.