Custom duties are levied on _______.

incomes of the individual

No worries! We‘ve got your back. Try BYJU‘S free classes today!

production of goods

No worries! We‘ve got your back. Try BYJU‘S free classes today!

export and import of goods

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

incomes of the corporate

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C export and import of goods
Custom duties are levied on export and import of goods and excise duty levied on production of goods.

Suggest Corrections

Similar questions

1

2

3

4

Which of the following do not form part of duty drawback scheme?

(a) Refund of excise duties

(b) Refund of custom duties

(d) Refund of income dock charges at the port of shipment

Join BYJU'S Learning Program