Question

Difference between excise duty and customs duty

Answer 1

Difference between Excise Duty and Custom Duty

Superficially, both excise and customs 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 into 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. The principles of valuation, refund search, confiscation and appeal are almost same in the case of the two taxes.

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Answer 2

customs duty is paid on imports,by the importer.
excise duty  is paid on the manufacture of goods by the manufacturer.
the basic duty of customs is not available as input tax credit.excise tax is generally available as input tax credit