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what is the difference between excise duty and customs duty.

Answers were Sorted based on User's Feedback



what is the difference between excise duty and customs duty...

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

what is the difference between excise duty and customs duty...

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

what is the difference between excise duty and customs duty...

Answer / anoop.m

if we are purchased materials from direct manufaturing companies, that time we want to pay the excise duty to the company.
customs duty means we purchase some items from outside India that time we have to pay the customs duty charge.

Is This Answer Correct ?    3 Yes 0 No

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