Launched recently by the Central Board of Excise and Customs, `ACES` is a

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Q: 51 (CDS-I/2010)
Launched recently by the Central Board of Excise and Customs, 'ACES' is a

question_subject: 

Current Affairs

question_exam: 

CDS-I

stats: 

0,12,12,12,4,4,4

keywords: 

{'aces': [0, 0, 1, 0], 'service desk division': [0, 0, 1, 0], 'software application': [0, 0, 1, 0], 'service taxes': [0, 0, 1, 0], 'service tax return': [0, 0, 1, 0], 'customs': [0, 0, 1, 1], 'central board': [0, 0, 1, 0], 'new form': [0, 0, 1, 0], 'board': [0, 1, 2, 2], 'direct tax structure': [0, 0, 1, 0], 'new division': [0, 0, 1, 0], 'web': [0, 0, 1, 1]}

The correct answer is option 1. `ACES` is a recently launched centralized, web-based software application of the Central Board of Excise and Customs. This software application is designed to facilitate various functionalities related to the administration of customs, central excise, and service tax.

Option 2, which suggests that `ACES` is a service desk division of the Board for collection of service taxes, is incorrect. `ACES` is not a division, but rather a software application.

Option 3, which states that `ACES` is a new division of the Board for disseminating information about the direct tax structure in force, is also incorrect. `ACES` is not related to direct taxes, but rather to customs, central excise, and service tax administration.

Option 4, suggesting that `ACES` is a new form of service tax return, is also incorrect. `ACES` is not a form, but a software application.

Therefore, the correct answer is option 1. `ACES` is a centralized, web-based software application of the Central Board of Excise and Customs.