Question

what is custom duty nd excise duty in economics??​

Answer 1

Answer:

Customs duty refers to the tax imposed on goods when they are transported across international borders. ... Custom duty in India is defined under the Customs Act, 1962, and all matters related to it fall under the Central Board of Excise & Customs (CBEC).

Answer 2

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Customs Duty is a tax imposed on imports and exports of goods. Description: The rates of customs duties are either specific or on ad valorem basis, that is, it is based on the value of goods. True Countervailing duty or additional duty of customs; Anti dumping duty/Safeguard duty.