PM inaugurates new campus of National Academy of Customs, Indirect Taxes & Narcotics at Palasamudram, Sri Sathya Sai District, Andhra Pradesh

Interacts with 74th and 75th batches of the Indian Revenue Service (Custom & Indirect Taxes) and officer trainees of Royal Civil Service of Bhutan

We gave the country a modern system in the form of GST and simplified income tax and introduced faceless assessment. All these reforms have resulted in record tax collection: Prime Minister Shri Narendra Modi

Recognised by World Customs Organisation, NACIN is an Institute of National Importance for training IRS officials and officials from South East Asian countries, said Union Finance Minister Smt. Nirmala Sitharaman

NACIN is a preeminent institution that enables comprehensive training and capacity building in the fields of customs, indirect taxes, and narcotics control: Andhra Pradesh Chief Minister Shri Y.S. Jagan Mohan Reddy

With international collaborations and a focus on regional capacity building, the Academy is slated to emerge as a pioneer in excellence and professional training: CBIC Chairman

The Prime Minister, Shri Narendra Modi inaugurated the new campus of National Academy of Customs, Indirect Taxes & Narcotics (NACIN) at Palasamudram, Sri Sathya Sai District in Andhra Pradesh today.

He also took a walkthrough of the exhibition showcased on the occasion. The Prime Minister also interacted with Officer Trainees of the 74th and 75th batches of the Indian Revenue Service (Custom & Indirect Taxes) as well as officer trainees of the Royal Civil Service of Bhutan.

Addressing the gathering, the Prime Minister congratulated everyone for the inauguration of the National Academy of Customs, Indirect Taxes & Narcotics at Palasamudram.  He expressed confidence that the new campus of NACIN will create new dimensions of good governance and give a boost to trade and industry in the nation.

Further elaborating this PM Modi talked about the tax reforms in the last 10 years. He recalled multiple, non-transparent tax systems of earlier times. “We gave the country a modern system in the form of GST and simplified income tax and introduced faceless assessment. All these reforms have resulted in record tax collection”, the Prime Minister said. ‘We are returning people’s money through various schemes’, he added. He informed that the IT exemption limit was raised from the income of 2 lakh to 7 lakh rupees. Tax reforms after 2014 have resulted in tax savings of about 2.5 lakh crore rupees for the citizens. He said that the number of taxpayers is consistently increasing in the country as they feel happy that their tax money is put to good use.