Question

Difference between custom and excise duty in india

Answer 1

"This type of tax is very importantly levied on manufactured good within India.
Excise duty is levied on goods produced inside the country of India whereas custom duty is charged on good produced abroad."

Answer 2

Both excise and custom duty are taxes levied by the government but the major difference between the two is that excise is the tax levied by the government on the goods manufactured in the country while customs duty is a tax levied upon goods imported in to the country from foreign countries.

There are many provisions that are common to both excise and customs duty. The procedures of administration, settlement and tribunal are same in both the taxes