Question

tabular difference between customs duty and excise duty​

Answer 1

Answer:

The duty that is levied for goods manufactured inside the state can be called as excise duty whereas, the duty which is levied on goods imported from a foreign country is the customs duty. Excise duty is imposed along with VAT and sales tax. The customs duty of any goods is valued by its assessable value.

Explanation:

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.