Diff. between excise duty and import duty

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Querist : Anonymous

Querist : Anonymous (Querist)

27 November 2014 main diff. between excise duty & import duty & what rate of % calculate,please explain it sir

CS Mitesh Mehta

CS Mitesh Mehta (Expert)
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27 November 2014 Excise is a tax levied by the government on goods manufactured inside the country while customs duty is a tax levied by the government on goods produced outside the country and upon arrival in to the country.

- Excise tax is payable by the manufacturers while custom duty is payable by the importers of goods which means they are just buyers

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Querist : Anonymous

Querist : Anonymous (Querist)

27 November 2014 how many tax percentage calculated both tax?????

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