The Central Excise Act, 1944

The Customs Act, 1962

The Income Tax Act, 1961

The Goods and Services Tax (GST) Act, 2017

Ad valorem duty

Specific duty

Compound duty

Nil duty

Ad valorem duty is levied as a percentage of the value of the goods, while specific duty is levied as a fixed amount per unit of the goods.

Ad valorem duty is levied on the cost of the goods, while specific duty is levied on the selling price of the goods.

Ad valorem duty is levied on the quantity of the goods, while specific duty is levied on the weight of the goods.

Ad valorem duty is levied on the value of the goods at the time of import, while specific duty is levied on the value of the goods at the time of export.

A duty that is levied on both the value and the quantity of the goods.

A duty that is levied on the value of the goods and the specific duty.

A duty that is levied on the quantity of the goods and the specific duty.

A duty that is levied on the value of the goods, the quantity of the goods, and the specific duty.

Excise duty is levied on the production or manufacture of goods, while customs duty is levied on the import or export of goods.

Excise duty is levied on the sale of goods, while customs duty is levied on the purchase of goods.

Excise duty is levied on the value of the goods, while customs duty is levied on the quantity of the goods.

Excise duty is levied by the Central Government, while customs duty is levied by the State Government.

Basic excise duty is levied on all goods, while special excise duty is levied on specific goods.

Basic excise duty is levied on the value of the goods, while special excise duty is levied on the quantity of the goods.

Basic excise duty is levied by the Central Government, while special excise duty is levied by the State Government.

Basic excise duty is levied on the production or manufacture of goods, while special excise duty is levied on the import or export of goods.

Additional excise duty is levied on the value of the goods, while countervailing duty is levied on the quantity of the goods.

Additional excise duty is levied on all goods, while countervailing duty is levied on specific goods.

Additional excise duty is levied by the Central Government, while countervailing duty is levied by the State Government.

Additional excise duty is levied on the production or manufacture of goods, while countervailing duty is levied on the import or export of goods.

Protective duty is levied to protect the domestic industry from foreign competition, while revenue duty is levied to generate revenue for the Government.

Protective duty is levied on the import of goods, while revenue duty is levied on the export of goods.

Protective duty is levied on the value of the goods, while revenue duty is levied on the quantity of the goods.

Protective duty is levied by the Central Government, while revenue duty is levied by the State Government.

Anti-dumping duty is levied to protect the domestic industry from dumped goods, while safeguard duty is levied to protect the domestic industry from a surge in imports.

Anti-dumping duty is levied on the import of goods, while safeguard duty is levied on the export of goods.

Anti-dumping duty is levied on the value of the goods, while safeguard duty is levied on the quantity of the goods.

Anti-dumping duty is levied by the Central Government, while safeguard duty is levied by the State Government.

Excise duty is levied on the production or manufacture of goods, while service tax is levied on the provision of services.

Excise duty is levied on the sale of goods, while service tax is levied on the purchase of services.

Excise duty is levied on the value of the goods, while service tax is levied on the quantity of the services.

Excise duty is levied by the Central Government, while service tax is levied by the State Government.

VAT is a tax on the value added to a product or service at each stage of production and distribution, while GST is a tax on the final sale of a product or service.

VAT is levied on the sale of goods, while GST is levied on the purchase of goods.

VAT is levied on the value of the goods, while GST is levied on the quantity of the goods.

VAT is levied by the Central Government, while GST is levied by the State Government.

Input tax credit is the tax paid on the purchase of goods or services that are used in the production or manufacture of other goods or services, while output tax credit is the tax paid on the sale of goods or services.

Input tax credit is the tax paid on the purchase of goods, while output tax credit is the tax paid on the purchase of services.

Input tax credit is the tax paid on the value of the goods, while output tax credit is the tax paid on the quantity of the goods.

Input tax credit is the tax paid by the Central Government, while output tax credit is the tax paid by the State Government.

Refund of duty is the refund of the duty paid on the export of goods, while drawback of duty is the refund of the duty paid on the import of goods.

Refund of duty is the refund of the duty paid on the purchase of goods, while drawback of duty is the refund of the duty paid on the sale of goods.

Refund of duty is the refund of the duty paid on the value of the goods, while drawback of duty is the refund of the duty paid on the quantity of the goods.

Refund of duty is the refund of the duty paid by the Central Government, while drawback of duty is the refund of the duty paid by the State Government.

Exemption from duty is the complete exemption from the payment of duty, while remission of duty is the partial exemption from the payment of duty.

Exemption from duty is the exemption from the payment of duty on the import of goods, while remission of duty is the exemption from the payment of duty on the export of goods.

Exemption from duty is the exemption from the payment of duty on the value of the goods, while remission of duty is the exemption from the payment of duty on the quantity of the goods.

Exemption from duty is the exemption from the payment of duty by the Central Government, while remission of duty is the exemption from the payment of duty by the State Government.