Question

Distinguish between excise duty and custom duty

Answer 1

both of the level of government but there is a distinct difference between two exis

Answer 2

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EXCISE DUTY :-

$\pink\longmapsto\:$ Excise duty is charged from the factory itself. It is levied on the production or manufacture of good.

$\pink\longmapsto\:$ Taxing certain goods raise overall prices.

CUSTOMS DUTY :-

$\pink\longmapsto\:$ customs duty is levied on goods brought from abroad.

$\pink\longmapsto\:$ only machines or raw materials which are imported and taxed raise the overall prices of that good.