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what is the difference between excise duty and customs duty.
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Answer / punitthakur001
If we are manufacturing any goods this case we have to paid
tax, called excise duty (if good is excise able).
but when we import goods and pay duty, called custom duty.
| Is This Answer Correct ? | 14 Yes | 1 No |
Answer / sandeep
Exice is applicable if manufacturing process is conducted.
refer Central Excise act 1944
Customs is the duty payable on imports,
Refer Customs act 1965
| Is This Answer Correct ? | 13 Yes | 2 No |
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