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Diff. between excise duty and import duty

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 November 2014 main diff. between excise duty & import duty & what rate of % calculate,please explain it sir
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CS Mitesh Mehta

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CS Mitesh Mehta (Expert)
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

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Querist : Anonymous (Querist)
27 November 2014 how many tax percentage calculated both tax?????



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SANYAM ARORA

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SANYAM ARORA (Expert)
27 November 2014 Excise duty - 12 % + ec
Custom duty - 10 % + tc
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Querist : Anonymous

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Querist : Anonymous (Querist)
27 November 2014 thank u sir , have a nice day
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SANYAM ARORA

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SANYAM ARORA (Expert)
27 November 2014 In case of any further query contact me at sanyam.arora27@gmail.com

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