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What is Excise Duty in India, It's Meaning & Types Explained

What Is Excise Duty?

What Are the Different Types of Excise Duty in India?

Who Is Liable to Pay Excise Duty?

When Is Excise Duty Payable?

How to Pay Excise Duty?

Which Goods Come Under Excise Duty?

What Is the Penalty for Evading Excise Duty?

What Is the Difference Between Excise Duty and Customs Duty?

The differences between excise duty and customs duty are as follows

Excise Duty

Custom Duty

Applicable on goods that are manufactured within a country

Applies on goods sold in India but manufactured in another country

Manufactures pay excise duty

Importer pays customs duty

Individuals can get a comprehensive idea about excise duty meaning, types, eligibility, and payment process from the above discussion. Skim through these details to pay excise duty hassle-freely and avoid penalty charges.

FAQs about Excise Duty in India