CUET Preparation Today
| This is is a type of indirect tax levied on goods imported either in or to India, not both, as well as on goods exported from India. Which of the following is being referred to here? |
Dumping Duty Custom Duty Excise Duty Import-Export Duty |
| Custom Duty |
| Customs Duty is a type of indirect tax levied on goods imported either in or to India, not both, as well as on goods exported from India. Taxable event is imported into or exported from India. Import of goods means bringing goods to India from a place outside India. India includes the territorial waters of India which extend up to 12 nautical miles into the sea to the coast of India. Export of goods means taking goods out of India to a place outside India. |
