Any commodity that is imported or exported is subject to customs and excise duty, which is an indirect tax paid to the government by a specific country.
The entire process of importing or exporting commodities is covered by the customs and excise legal service, which also involves managing the quantity, quality, and other aspects of the product.
B. Pramanik Association provide our clients with solutions for the majority of the challenging and complicated customs environments in across India and abroad which are regulated by the Indian Government.
While importing and exporting, the government requires payment of two types of taxes: customs duty and excise duty.
Excise duty: Excise duties are taxes applicable on items that are produced domestically, such as commodities produced in India, and the amount of the tax is based on the quantity of the goods. Excuse duty is paid by manufacture of the goods direct to the government.
Custom duty: Only products that are exported or imported from India are subject to customs duty, which is determined by the quantity of items. Custom duty is paid by manufacture of the foreign good to the central government. The 1962 Customs Act, which includes all applicable procedures for products and taxes, including value, amount, and penalties, governs both of their obligations.
Custom and excise duties are important to the welfare of the country economy growth and information of good quantity and quality. This is a fee that a nation charges for the use of its infrastructure and services.
B. Pramanik Association has performed legal work on a various of clients' in custom and excise duties. With our legal experience, we advise and guide them as whether where the duty is applicable to their item in context of their ignorance of custom and excise duty and their procedures.
Yes, custom and excise duty not only have difference rate but different procedure and documentation.
Customs and excise taxes are an indirect but significant tax that are made for the welfare of a certain nation. If it is discovered that someone failed to pay the required taxes, they must face a huge fine.
Yes, every specific country and region have their own term on custom and excise duty
The Central Board of Indirect Taxes & Customs controls custom duty. This department examines all imported goods that comes in India from other countries then they determining duties in accordance with the product policy.
As a manufacturer, I encountered excise charges on several times. B. Pramanik
Association is the company that handles all of my tax-related issues. I greatly
appreciate their service, work ethic, and expertise in the particular subject.
B. Pramanik Association is taking care of my legal duties related to custom and excise
and I really appreciate their work and knowledge about all legal issues. I better
recommend them for future work as well.
In order to resolve my tax issue, I hired B. Pramanik Association as my legal advisor.
Trust me, this was my best decision so far, and I sincerely thank them for their
services. I run an import and export business in India and I pay a lot of taxes duty on the goods.