Merits and demerits of custom duty
Raviteja (Articleship) (165 Points)
28 May 2012
Can any one tell me the merits and demerits of custom duty. Urgent needed.
Thanks in advance.
1 Replies
Prachi Bansal
(3129 Points)
Replied 25 April 2021
Merits/advantages:-
1. Increases the government revenue 2. Safeguards the domestic market from intense foreign competition. 3. Protects consumers from degraded/unhealthy goods.
Demerits /disadvantages:-
1. The tax burden on the importer/exporter 2. Consumer choices get limited due to high custom duty hence reducing the standard of living 3. Additional charges with the custom duty
Recent Topics
- Iska djd djrbdsjebshe sir ur rei ejr reinr the jr
- GST registration for medical shop in Karnataka
- Hsshs me know if you are free number of the
- Chu Kang and the situation of the situation and I
- How to reverse wrong transaction payment in phonep
- Paytm wrong transaction
- How to reverse wrong transaction payment in phonep
- Issue with refund for person who has filed for rel
- How to take ITC for October 2024 GST Payment in PM
- How to refund a wrong transaction Phone Pe?
Related Threads
CAclubindia
