How are excise taxes and customs duties similar? How are they different?

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asked Aug 28, 2016 161k views

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Schmudu · Answer 1 · 2016-09-01T05:10:28+0000

Excise Duty is the tax levy charged by Govt. on the goods produced within the territory While Custom Duty is the tax levy charged by Govt. on the goods produced outside the country territory.Customs duties are basically excise taxes on imports.

How are excise taxes and customs duties similar? How are they different?

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