Question

What is the difference between "Excise Duty" and "Customs Duty" ❓​

Answer 1

An indirect tax paid to the Government of India by producers of goods, excise duty is the opposite of Customs duty in that it applies to goods manufactured domestically in the country, while Customs is levied on those coming from outside of the country.

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Answer 2

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.